Connect with us

Research Reports

Dimethylolpropionic Acid (DMPA) Market is expected to surpass US$ 289.8 Mn in 2019 and estimated to expand at a CAGR exceeding 8% through 2031

Dimethylolpropionic Acid (DMPA) Market is expected to surpass US$ 289.8 Mn in 2019 and estimated to expand at a CAGR exceeding 8% through 2031 1

 

Increasing demand from the paints and coatings sector for water soluble resins and coatings is a key factor expected to fuel the demand for dimethylolpropionic acid. According to a new study by Future Market Insights (FMI), the market for dimethylolpropionic acid is set to rise with a promising CAGR of over 8% through the end of the assessment period in 2031.

The global demand for dimethylolpropionic acids has rapidly gained traction owing to increasing application and awareness in terms of polyurethane dispersions. Strict government regulations associated with emissions and VOC content in coatings will positively influence long-term demand. Also, the material provides benefits on the basis of dye receptivity and coating adhesive properties.

To remain ‘ahead’ of your competitors, request for a sample – https://www.futuremarketinsights.com/reports/sample/rep-gb-339

Niche applications in automotive and furnishing sectors in addition to investments into developments of powder coatings are providing impetus to manufacturers exploring a wider scope of applications with a focus on flexibility and flow properties. Rapid rise in urbanization, increasing awareness about lifestyle changes, and the demand from the construction sector for polyester resins will drive demand in the long term.

The growing demand for dimethylolpropionic acids, particularly from developing countries with manufacturing centers will offer major opportunities for growth. On the other hand, easy access to alternatives such as 7,12-Dimethylbenz(a)anthracene (DMBA), Trimethylolethane (TME), and 2,2,6,6-Tetramethylpiperidine (TMP) at affordable costs has emerged as a major challenge that will affect manufacturers around the globe.

Key Takeaways of Dimethylolpropionic Acid Market Study

  • Dimethylolpropionic acid revenues to increase at more than 8% CAGR through the projection period.
  • Supported by widespread demand in adhesives, wood finishes, and automotive topcoats, polyurethane dispersion applications will account for approximately 80% market share.
  • Continuing investments in petrochemical and chemical sectors in China to aid in holding the lead through the forecast period.
  • Germany and UK are projected to record strong demand a high manufacturing capacity for polyurethane dispersions.
  • United States is a high potential market, driven by protective coating manufacturing efforts in the country.

Get a Customized Scope to Match Your Need, Ask an Experthttps://www.futuremarketinsights.com/ask-question/rep-gb-339

Demand for Non-Toxic Coating Solutions Drive Developments

Dimethylolpropionic acid displays properties such as resin with water solubility or dispersibility following neutralization with a base. The material also enables ease of introducing polar groups to boost coating adhesion performance, and synthetic fiber dye receptivity, while also focusing on alkali solubility of deposited films.

Dimethylolpropionic acid also improved hydrolytic stability, as a minimal coupling solvent, with early water spot resistance in terms of air-dried resin applications. The material also finds use as a modifier for superior gloss, higher impact resistance, and flow properties associated with epoxy-polyester systems thereby improving coating flexibility.

Furthermore, the compound is also used as a neutralizing acid in cathodic electrodeposition processes as a source of free acid groups in anodic electrodeposition resins in addition to niche applications as an intermediate in the production of perfumes, pharmaceuticals, and dye formulations.

For in-depth competitive analysis, Buy Now – https://www.futuremarketinsights.com/checkout/339

Who is Winning?

The global dimethylolpropionic acid market can be considered as moderately consolidated, with a few leading players accounting for a major share of the overall market. Manufacturers are increasingly focused on investments into research and development and strategic acquisitions aimed towards portfolio expansions.

Key market participants including Geo Specialty Chemicals, Inc., Perstorp Specialty Chemicals AB, Henan Tianfu Chemical Co. Ltd., Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd., Shenzhen Vtolo Chemicals Co., Ltd. amongst others are also focusing on bolstering their presence in the industry by exploring research into complementary technologies.

 

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Advertisement

Newsletters with Secrets & Analysis. Subscribe Now