Berger Paints has entered into a partnership with Japan-based Chugoku Marine Paints (CMP) for dimer acids market

 

Dimer Acids Market

Increasing demand for bio-based chemicals across the various end-use industry is driving the growth of the dimer acids market. Dimer acid is mainly produced from raw materials such as Tall Oil Fatty Acids (TOFA) and Vegetable Oil Fatty Acids (VOFA), such as soybean oil, rapeseed oil, cottonseed, etc. Rapid growth in the inks and coatings industry due to the growing number of partnerships and collaboration among key players around the globe is projected to augment the market growth of dimer acid. For instance, in April 2017, Berger Paints has entered into a partnership with Japan-based Chugoku Marine Paints (CMP). This also marks its entry into the marine paints segment.

The Asia Pacific is expected to gain significant growth in the global dimer acids market over the forecast period and this is attributed to the increasing demand for dimer from the automotive industry for the production of corrosion inhibitors. India Brand Equity Foundation, India became the fourth largest auto market in 2018 with sales increasing 8.3 percent year-on-year to 3.99 million units. It was the seventh-largest manufacturer of commercial vehicles in 2018. Also, the growing demand for dimer from oil field drilling muds from the oil &gas industry in the region is again fostering the regional market growth.

Dimer acid, or diatomaceous earth, is a fossil preparatory material that contains a number of nitrogen-bearing molecules that are fused together with other elements at high temperatures. It was synthesized in the 1980s from fossils and ancient wood species. It is a solid, heat-resistant, low melting, white powder. It is commonly found in petroleum refineries, natural gas plants, coal mining operations, and fertilizer plants. Dimer acid is also used for manufacturing plastic bottles, synthetic coatings for metal foils and paper, and as an antifreeze.

Dimer acid, also known as literates, are acylated polyimide bonds that are formed when polymerization occurs. The material's stability depends upon the length of time that the polymerization process goes on, the temperature at which it is synthesized, the molecular weight of the polymerizing reaction, and the ambient temperature and humidity in the area where the materials are being synthesized. Dimer acid is also used to create a range of other products, including floor coatings, as an antifungal, a flame retardant, and as an antimicrobial, and antifungal and antibacterial agent.

Major players active in the global dimer acid market are BASF SE,  E I du Pont de Nemours & Company, Monsanto Company, Bayer AG, The Dow Chemical Company, Syngenta AG, and Nufarm Limited


Location: India

Comments

Post a Comment

Popular posts from this blog

Fitness Equipment Market is doing warm-ups to pull growth-rich opportunities from the growing obesity rates accompanied by the sedentary lifestyles

Image
  Fitness equipment is any mechanical device or equipment used in sport or exercise to improve the physical performance or strength of that activity by providing either adjustable or constant levels of force, either of dynamic nature that is immediately available to exert (such as running) or of a static type that requires adjustments (such as a bicycle). Some common types of equipment are treadmills, elliptical machines, step machines, exercise bicycles, recumbent bikes, treadmill monitors, rowing machines, and many more. Fitness equipment is used in gyms and private home fitness facilities as well as public parks and recreational facilities. Fitness equipment for the home is designed to provide low-impact aerobic workouts. Some items are available for rent or sale on the Internet. Rowing machines and exercise bicycles can give an all-over body workout, while Schwinn exercise bicycles can be used to target specific muscles. Fitness equipment for home gyms can be classified into ...
Read more

Pressure Bandages Market : Global Industry Analysis and Opportunity Assessment

Image
  Pressure bandages are clinical gadgets used to ensure and mend a harmed region and to control draining without influencing the ordinary blood dissemination. Pressure bandages include non-follower bandages applied over an entry point or wound and is covered by spongy stretchable cement. They are basically used to pack the dead space at the site of injury or cut and forestall the arrangement of seroma and hematoma. Pressure bandages have wide applications in various clinical regions, for example, leg ulcers, muscular medical procedures, and the executives of persistent just as intense injuries, lymphedema, musculoskeletal wounds, and so forth Various sorts of pressure bandages, for example, low flexibility bandages, versatile bandages, and multicomponent multi-facet pressure bandages are accessible in the market and have explicit applications in various clinical signs. To get most extreme market share, driving organizations in the worldwide pressure bandages market have begun pr...
Read more

Botanical and Plant Derived Drugs Market by Source,Dosage - Global Industry Analysis,Size,Share

Image
The U.S. Food and Drug Administration's (FDA) organic medication pathway is as yet being refined as additional medication competitors keep on entering the clinical improvement pipeline under what many think about a simpler way to commercialization. FDA endorsement, a moderately rigid cycle by worldwide principles, by and large makes the way for endorsement in different nations. Further, the U.S. is viewed as a highest quality level for administrative survey. The worldwide market for organic and plant-determined medications Expected to develop around $39.6 billion by 2022 with a build yearly development rate (CAGR) of 6.1% This report is a scientific business instrument whose basic role is to depict the botanical and plant derived drugs market with the general plant-inferred drug industry as a scenery and the worldwide market for these medications going ahead. For the reasons for this report, botanicals are those medications that are FDA-endorsed under the plant drug pathway,...
Read more