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