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China Dimer Acid Based Polyamide Resins Market Size - by Type (Waterborne DAB Polyamide Resins, Solventborne DAB Polyamide Resins and High-Performance DAB Polyamide Resins) and Application: Production and Consumption Trends and Forecast 2024-2033

  • PUBLISHED ON
  • 2023-12-06
  • NO OF PAGES
  • 183
  • CATEGORY
  • Chemicals & Materials

Market Overview

China Dimer Acid Based Polyamide Resins Market recorded a consumption of 111,951 tons in 2023 and is estimated to achieve sales of 201,571 tons by 2033 with a CAGR of 6.1% during the forecast period.

Dimer Acid-Based (DAB) Polyamide Resins are a type of polyamide resin derived from dimer acids. Dimer acids are typically obtained by dimerizing unsaturated fatty acids, often derived from natural sources such as vegetable oils. The dimerization process involves combining two molecules of unsaturated fatty acids to form a dimer acid.


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DAB Polyamide Resins are widely used in various industrial applications due to their unique properties. These resins exhibit excellent adhesion, flexibility, and chemical resistance, making them suitable for use in coatings, adhesives, inks, and other formulations. The properties of DAB Polyamide Resins can be tailored by adjusting the composition of the dimer acids and other components during the manufacturing process.

Market Scope

Report Attributes

Description

Market Size in 2023 (Value)

USD 616 Million

Market Forecast in 2033 (Value)

USD 1.02 billion

CAGR % 2024-2033

5.0%

Market Size in 2023 (Volume)

111,951 tons

Market Forecast in 2033 (Volume)

201,571 tons

CAGR % 2024-2033

6.1%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Growth Drivers

Ongoing research and development leading to improvements in the formulation of DAB Polyamide Resins, enhancing their performance and expanding their applicability across various industries.

The environmental benefits of DAB Polyamide Resins, such as being derived from natural sources like vegetable oils, may contribute to increased adoption, especially as environmental concerns gain prominence.

Growth in industries such as construction, automotive, packaging, and textiles, which are major consumers of DAB Polyamide Resins, can fuel market expansion.

Key Companies

Anqing Hongyu Chemical Co., Ltd, Jinan Tongfa Resin Co., Ltd, RITEKS , Shandong Lubei Chemical Technology Co., Ltd, Zibo Qixi Chemical Co., Ltd, Hebei Jingfeng Chemical Co., Ltd. , Shandong Dongda Chemical Industry Co., Ltd and others.

Market Dynamics

The China Dimer Acid Based Polyamide Resins market is experiencing a notable surge in demand, primarily driven by the robust growth in various end-use industries. As China continues its rapid industrial and economic expansion, sectors such as construction, automotive, packaging, and textiles have witnessed increasing utilization of DAB Polyamide Resins. These resins, derived from dimerized unsaturated fatty acids, offer a versatile solution with excellent adhesion, flexibility, and chemical resistance. In the construction industry, DAB Polyamide Resins contribute to durable coatings and adhesives, while in automotive applications, their use in coatings and plastics enhances performance characteristics.

Additionally, the packaging sector benefits from these resins in formulations for inks and coatings with strong adhesion properties. The textiles industry also finds value in DAB Polyamide Resins as binders for specialty fibers and coatings, bolstering their overall performance. This demand surge is further propelled by heightened awareness of the environmental benefits associated with DAB Polyamide Resins, aligning with China's growing emphasis on sustainable and eco-friendly materials. As industries increasingly recognize the advantages offered by DAB Polyamide Resins, the market in China is poised for sustained growth, supported by technological advancements and ongoing research and development efforts to enhance product formulations and expand their applicability.

China Dimer Acid Based Polyamide Resins Segmentation

Market Analysis by Type

Based on type, China Dimer Acid Based Polyamide Resins Market is segmented into Waterborne DAB Polyamide Resins, Solvent borne DAB Polyamide Resins and High-Performance DAB Polyamide Resins.

 

In China, the dimer acid based polyamide resins market is experiencing significant growth, with several key trends shaping its trajectory. A prominent trend is the increasing emphasis on environmentally friendly solutions in the coatings and adhesives industries. Waterborne formulations of DAB Polyamide Resins align with this trend, offering a sustainable alternative with lower levels of volatile organic compounds (VOCs). The Chinese government's stringent environmental regulations and commitment to reducing pollution have further accelerated the adoption of waterborne resins.

Another key trend is the rising demand from the construction sector. Waterborne DAB Polyamide Resins find extensive use in construction coatings due to their excellent adhesion, durability, and low environmental impact. As urbanization and infrastructure development continue to drive the construction industry, the demand for high-performance and eco-friendly coating solutions is escalating.

Furthermore, advancements in technology and formulations play a pivotal role. Ongoing research and development efforts in China aim to enhance the performance characteristics of waterborne DAB Polyamide Resins, expanding their applicability across diverse end-use applications. The combination of these trends reflects a dynamic market landscape in China, where the shift towards waterborne formulations aligns with both environmental priorities and the evolving needs of key industries, positioning Waterborne DAB Polyamide Resins market for sustained growth.

Market Analysis by Application

Based on application, China Dimer Acid Based Polyamide Resins Market is segmented into Industrial Coatings, Packaging Materials, Printing Inks, Adhesive Formulations, Laminating Resins and Textile Binders.

 

The China Dimer Acid Based Polyamide Resins market is witnessing notable trends in the realm of packaging materials, driven by a confluence of factors that reflect the industry's evolving landscape. A prominent trend is the increasing demand for sustainable packaging solutions in response to growing environmental awareness. DAB Polyamide Resins, derived from natural sources, align with this trend as a eco-friendly option for formulating inks and coatings used in packaging materials. As China intensifies its efforts to curb environmental impact and promote green practices, manufacturers are turning to DAB Polyamide Resins to meet stringent sustainability requirements.

Moreover, the rise of e-commerce is shaping packaging preferences, with a growing need for durable and protective materials. DAB Polyamide Resins contribute to the production of coatings that enhance the strength and resilience of packaging materials, ensuring they can withstand the rigors of transportation and handling in the e-commerce supply chain.

The versatility of DAB Polyamide Resins allows for tailored formulations, addressing specific performance requirements in packaging applications. This adaptability positions DAB Polyamide Resins as a preferred choice in the dynamic and evolving landscape of packaging materials in China, where the intersection of sustainability, durability, and versatility is driving key trends in the industry.

Competitive Analysis

Some of the major companies operating within the China dimer acid based polyamide resins market are Anqing Hongyu Chemical Co., Ltd, Jinan Tongfa Resin Co., Ltd, RITEKS , Shandong Lubei Chemical Technology Co., Ltd, Zibo Qixi Chemical Co., Ltd, Hebei Jingfeng Chemical Co., Ltd. , Shandong Dongda Chemical Industry Co., Ltd and others. Anqing Hongyu Chemical Co., Ltd has a total production capacity of 50,000 to 100,000 tons.

 

Recent News

·         On October 26, 2023, Anqing Hongyu Chemical has entered into a partnership with RITEKS to collaboratively work on the development and commercialization of environmentally friendly Dimer Acid-Based (DAB) resins using bio-based raw materials. This initiative is geared towards minimizing environmental impact and aligning with China's green initiatives, aiming to contribute to sustainable resin production.

·         On September 15, 2023, Jinan Tongfa Resin unveiled a groundbreaking high-performance DAB resin designed specifically for wind turbine blades. This innovative resin boasts exceptional weather resistance and durability, critical attributes for enhancing the longevity and efficiency of wind energy infrastructure.

·         In a significant announcement on August 8, 2023, the Chinese government introduced new support policies for domestic DAB resin manufacturers. These policies include tax breaks and research and development funding, with the objective of strengthening domestic production capabilities and reducing dependence on imports.

 

·         A report released on July 12, 2023, predicts substantial growth in China's DAB polyamide resins market, estimating it to reach USD 1.5 billion by 2028. This robust trajectory is attributed to increasing demand from key sectors such as construction, packaging, and automotive industries.

·         On June 5, 2023, Anqing Hongyu Chemical received accolades from environmental watchdogs for surpassing wastewater treatment standards. This recognition underscores the company's dedication to responsible manufacturing and environmental stewardship.

·         Notably, on April 20, 2023, RITEKS introduced an online platform catering to customized DAB resin solutions. This innovative platform allows customers to specify desired properties, facilitating personalized resin recommendations and streamlining the procurement process.

·         During a conference on March 10, 2023, the industry spotlighted the growing adoption of waterborne DAB resins. This trend is propelled by evolving environmental regulations and advancements in waterborne resin technology, offering performance comparable to traditional solventborne options.

1.      China Dimer Acid Based Polyamide Resins Market Introduction and Market Overview

1.1.   Objectives of the Study

1.2.   China Dimer Acid Based Polyamide Resins Market Scope and Market Estimation

1.2.1.      China Dimer Acid Based Polyamide Resins Market Overall Market Size, Revenue (US$ Mn) and Volume (Tons), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2.      China Dimer Acid Based Polyamide Resins Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.   Market Segmentation

1.3.1.      Type of China Dimer Acid Based Polyamide Resins Market

1.3.2.      Application of China Dimer Acid Based Polyamide Resins Market

1.3.3.      Region of China Dimer Acid Based Polyamide Resins Market

2.      Executive Summary

3.      Market Factor Analysis

3.1.   China Dimer Acid Based Polyamide Resins Market Application Trends under COVID-19 Outbreak

3.1.1.      China COVID-19 Status Overview

3.1.2.      Influence of COVID-19 Outbreak on China Dimer Acid Based Polyamide Resins Market Application Development

3.2.   Market Dynamics

3.2.1.      Drivers

3.2.2.      Limitations

3.2.3.      Opportunities

3.2.4.      Impact Analysis of Drivers and Restraints

3.3.   Value Chain/ Ecosystem Analysis

3.3.1.      Manufacturers / Vendors

3.3.2.      Distributors

3.3.3.      Buyers / End-users

3.3.4.      Forward Integration & Backward Integration of Key Stakeholders

3.4.   China Dimer Acid Based Polyamide Resins Market - Pricing Trends Analysis & Production Capacity

3.5.   Porter’s Five Forces Analysis

3.5.1.      Bargaining Power of Suppliers

3.5.2.      Bargaining Power of Buyers

3.5.3.      Threat of Substitutes

3.5.4.      Threat of New Entrants

3.5.5.      Competitive Rivalry

3.6.   PEST Analysis

3.6.1.      Political Factors

3.6.2.      Economic Factors

3.6.3.      Social Factors

3.6.4.      Technological Factors

3.7.   Impact of Russia Ukraine War on Dimer Acid Based Polyamide Resins Market

3.8.   Impact of Economic Downturn on Dimer Acid Based Polyamide Resins Market

3.9.   Dimer Acid Based Polyamide Resins Market Production Capacity, by Major Countries

3.10. Market Investment Opportunity Analysis (Top Investment Pockets)

4.      China Dimer Acid Based Polyamide Resins Market Estimates & Forecast Trend Analysis, by Type

4.1.   China Dimer Acid Based Polyamide Resins Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Type, 2019 to 2033

4.1.1.      Waterborne DAB Polyamide Resins

4.1.2.      Solvent borne DAB Polyamide Resins

4.1.3.      High-Performance DAB Polyamide Resins

5.      China Dimer Acid Based Polyamide Resins Market Estimates & Forecast Trend Analysis, by Application

5.1.   China Dimer Acid Based Polyamide Resins Market Revenue (US$ Mn) and Volume (Tons) Estimates and Forecasts, by Application, 2019 to 2033

5.1.1.      Industrial Coatings

5.1.2.      Packaging Materials

5.1.3.      Printing Inks

5.1.4.      Adhesive Formulations

5.1.5.      Laminating Resins

5.1.6.      Textile Binders

5.1.7.      Others

6.      Competition Landscape

6.1.   Dimer Acid Based Polyamide Resins Market Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

6.2.   Dimer Acid Based Polyamide Resins Market Market Competition Regional Intensity Map Analysis, By Geographies Served

6.3.   Dimer Acid Based Polyamide Resins Market Market Concentration & Company Market Shares (%) Analysis, 2022

7.      Company Profiles

7.1.   Anqing Hongyu Chemical Co., Ltd

7.1.1.      Company Overview & Key Stats

7.1.2.      Financial Performance & KPIs

7.1.3.      Product Portfolio

7.1.4.      Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

7.2.   Jinan Tongfa Resin Co., Ltd

7.3.   RITEKS

7.4.   Shandong Lubei Chemical Technology Co., Ltd

7.5.   Zibo Qixi Chemical Co., Ltd

7.6.   Hebei Jingfeng Chemical Co., Ltd.

7.7.   Shandong Dongda Chemical Industry Co., Ltd

7.8.   Others**

8.      Research Methodology

8.1.   External Power Outputs / Databases

8.2.   Internal Proprietary Database

8.3.   Primary Research

8.4.   Secondary Research

8.5.   Assumptions

8.6.   Limitations

8.7.   Report FAQs

9.      Research Findings & Conclusion 

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market volume of China Dimer Acid Based Polyamide Resins Market in 2023?

China Dimer Acid Based Polyamide Resins Market recorded a consumption of 111,951 tons in 2023 and is estimated to achieve a sales of 201,571 tons by 2033 with a CAGR of 6.1% during the forecast period.

Which company leads the China Dimer Acid Based Polyamide Resins Market?

Anqing Hongyu Chemical Co., Ltd leads Chinese market with a market share of 26.11%

Which application dominates the China Dimer Acid Based Polyamide Resins Market?

Industrial Coatings dominates the China Dimer Acid Based Polyamide Resins Market with 41.09%

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