The global trimer acid market is expected to bolster phenomenal growth with a healthy CAGR of 4% during the forecast period from 2022 to 2032. The market reached US$ 288.4 Million in 2021 and is estimated to touch US$ 299.29 Million in 2022. As per FMI estimations, the trimer acid market will surpass the revenue of US$ 442 Million by 2032.

The reactive polyamides segment is expected to gain maximum traction based on the application segment throughout the assessment period. The expansion of residential and non-residential construction projects all over the world is responsible for the rise of the segment.

The increasing application of reactive polysulfide resin in the automotive sector, the rising paper industry, and the replacement of traditional resins with polyamide resins have spiked segmental growth notably.

Competitive Landscape

Kraton Corporation, Liancheng Biaxin Science, and Technology Co., Ltd, Alfa Chemical Corporation, Soofi Enterprises, Spectrum Chemical Mfg. Corp, Riteks, Croda lubricants, Fujian Zhongde Energy Co., Ltd., Univar USA Inc.

Key players in the market are taking initiatives to develop the ink market, resulting in a substantial boost in the trimer acid market.

Drivers and Challenges Impact Market Dynamics, which can Impact Businesses. Find more Insights in a Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-8837

Key Segments Profiled in the Global Trimer Acid Market

By Type:

• Standard Trimer Acid
• Distilled Trimer Acid
• Distilled & Hydrogenated Trimer Acid

By Application:

• Non-Reactive Polyamide Resin
  • Viscosity Modifiers
  • Corrosion Inhibitor
  • Reactive Polyamides Resin

By End Use:

• Adhesives & Sealants
• Drilling Fluid
• Printing Inks
• Surface Coatings

More Insights into the Trimer Acid Market

The Future Market Analysis reveals that China is projected to account for a reasonable market share with an opulent CAGR of 4.5% throughout the forecast period. China is considered to be the world’s largest building market of the world, accounting for 20% of construction investment across the globe.

In 2018, China accounted for about 50 trillion-yuan worth of contracts signed by their construction organizations. The construction segment successfully surpassed 23 trillion yuan that year. In 2019, China Railway Construction Corporation disclosed the value of newly signed contracts for the first time in three quarters this year spiked by 25.07% from a year ago to 1.12 trillion yuan.