Hydrogenated Dimer Acid Market Size

Hydrogenated Dimer Acid Market size was valued at USD 1.08 Billion in 2023 and is anticipated to cross USD 2.98 Billion by the end of 2036, expanding at more than 8.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hydrogenated dimer acid is estimated at USD 1.16 Billion. Hot melt adhesives are becoming more and more popular, and this is one of the key drivers anticipated to propel the market for hydrogenated dimer acids. An excellent material for the manufacture of polyamide hot melt adhesives is hydrogenated dimer acid.

Hydrogenated dimer acid is being used to synthesize polyamide resins. As reactive polyamide is used as a curing agent for molded resin, marine coating, thermosetting surface coating, adhesives, potting materials & lining, heavy-duty coating, and others. Moreover, non-reactive polyamide is also used for printing inks and producing hot melt adhesives. Thus, the high demand for these products is projected to increase the need for hydrogenated dimer acid in the next few years.