Trimer Acid Market Analysis

The trimer acid market is segmented and analyzed for demand and supply by application into coating, adhesives & sealants, elastomers, synthetic lubricants, and others. Out of these, the adhesives & sealants segment is expected to garner the highest revenue by 2031. The significant boost in the construction industry is expected to increase the demand for adhesives & sealants for the construction of buildings during the forecast period. As per the United States Census Bureau, till June 2021, there were 142,153,010 housing units in the U.S. Furthermore, the building permits in the same period were 1,736,982 units. Further, the growing population and urbanization in developing countries have played a critical role in driving demand for adhesives & sealants, thereby, propelling the trimer acid market in the forecast period. Besides, several applications of adhesives & sealants in the construction industry, such as tiling, wallpapers, and exterior insulation systems in commercial buildings, have made notable contributions to driving the global trimer acid market. In 2018, the Commercial Buildings Energy Consumption Survey (CBECS) stated that there were approximately 5.9 million U.S. commercial buildings in 2018.

Our in-depth analysis of the global trimer acid market includes the following segments: