Trimer Acid Market Segmentation:
Type Segment Analysis
The C36 trimer acid segment is predicted to gain the largest trimer acid market share of 45.5% during the projected period by 2035, due to growing demand for polyamide resins as they typically contain high levels of dimer content and because they have ease of flexibility. The National Renewable Energy Laboratory (NREL) expects that bio-based chemical feedstock, including derivatives of C36, will be the primary form of specialty chemical production and consumption by 2034. This reflects a growing demand for renewable high-performing intermediates to develop adhesives, coatings, and engineered polymers around the world.
Application Segment Analysis
The adhesives and sealants segment is anticipated to constitute the most significant growth by 2035, with 37.2% trimer acid market share, mainly due to growing usage of high-performance adhesives in automotive and aerospace industries, and for use during construction projects increases the growth and demand for trimer acids as consumers look for enhanced bonding strength and thermal stability. As noted in the U.S. Department of Energy report on materials, lightweight and durable materials are important for automotive efficiency and function. In order to meet performance and safety specifications and durability expectations across multiple industries, reliance on newer technology with durable materials or performance with welding and adhesion to advanced adhesives comprising more trimer acids is going to become more pervasive.
End use Segment Analysis
The automotive segment is anticipated to constitute the most significant growth by 2035, with 32.3% trimer acid market share, mainly due to a shift towards new fuel economy vehicle products and electric vehicles. Production demands expanding innovative coatings, lubricants, polymers, and adhesives derived from all brands of trimer acids. As per the IEA in the STEPS, EV sales share increases from 15% in 2023 to nearly 40% in 2030 and more than 50% in 2035. In the coming years, the requirements for high-performance materials utilizing trimer acids will be especially important to automotive, aerospace, and construction for thermal resistance, durability, or a combination of both when a high-volume manufacturing efficiency is required.
Our in-depth analysis of the trimer acid market includes the following segments:
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