Global Dimethylolpropionic Acid (DMPA) Market, By Product (Polyurethane dispersion, Resins, Powder Coating), Application (Adhesive, Glass fiber sizing, Automotive Topcoat, Wood Finishing), End User (Paints and coatings, Building and Construction, Automotive Industry, Textile and Leather, Industrial, Furniture and Upholstery, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Dimethylolpropionic acid is a crystalline organic compound which is progressively gaining traction in the market. dimethylolpropionic acid (DMPA) is primarily used in the manufacture of the aqueous anionic polyurethane dispersions and it is also used in the field urethane elastomers, of powder coatings, epoxy ester coatings, adhesives, and so on. The demand of dimethylolpropionic acid for the production of water-soluble resins and improved the stability to it are expected to drive the growth of the market within the forecast period
Data Bridge Market Research analyses that the dimethylolpropionic acid (DMPA) market is expected to undergo a CAGR of 5.00% during the forecast period. This indicates that the market value, which was USD 577.50 million in 2021, would rocket up to USD 853.23 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product (Polyurethane dispersion, Resins, Powder Coating), Application (Adhesive, Glass fiber sizing, Automotive Topcoat, Wood Finishing), End User ( Paints and coatings, Building and Construction, Automotive Industry, Textile and Leather, Industrial, Furniture and Upholstery, Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Perstorp (Sweden), Henan Tianfu Chemical Co. Ltd. (China), Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd. (China), Geo Specialty Chemicals Inc (U.S.), Shenzhen Vtolo Chemicals Co, Ltd, (China), Lemman Laboratories International Co.,Ltd (China), CD Bioparticles (U.S.), Merck & Co., Inc.(U.S.), Yigyooly Enterprise Limited (China), Jiangxi Selon Industrial Co.,Ltd. (China), Biosynth Carbosynth (Switzerland)
|
|
Market Opportunities
|
|
Market Definition
Dimethylol propionic acid (DMPA) is a chemical compound which has the chemical formula is 2,2-bis(hydroxymethyl)propionic acid. It is an organic compound with two hydroxyl and one carboxyl groups. Dimethylol propionic acid (DMPA) is a non-toxic and odourless crystalline solid which is used in a several syntheses.
Dimethylolpropionic Acid (DMPA) Market Dynamics
Drivers
- Highly used for water-soluble resins
Dimethylolpropionic acid is widely used in the processing and manufacturing of water-soluble resins. It is mainly widely used in aqueous urethane dispersions to deliver high gloss waterborne coatings with excellent toughness and flexibility. Waterborne coatings are used in a many applications because of their characteristics such as excellent adhesion, high resistance to heat and abrasion, as well as low flammability and toxicity due to low HAP emissions and VOC levels. The rising demand for the production of this resin are expected to drive the market's growth rate.
- Rising demand in automotive sector
The high demand of dimethylolpropionic acid in the automobile industry due to the growth of the polyurethane dispersion industry (PUD) for the infiltration of powder coating. Also, growing application in polyurethane dispersions is increasing the demand for dimethylolpropionic acid in. Automobile industry’s widely used powder coatings are expected to drive the expansion of dimethylolpropionic acid market.
Opportunities
- Rise the number of Research and development
R&D related to DMPA is anticipated to deliver the lucrative opportunities for players in the growth of the global dimethylolpropionic acid market. For instance, in November 2019, in South Korea, researchers from Chung-Ang University reported that water-soluble polyurethane's solubility depends on the molecular weight of polyethylene glycol: isophorone diisocyanate molar ratio, and the content of DMPA.
Also, the growth of oil-based waterborne coatings is also anticipated to help in the growth of the market. For instance, In Taiwan, researchers from National Chung have reported the use of DMPA in developing linseed oil glyceride, which is used in a transesterification process.
Restraints/Challenges
- Availability of substitute
The easy availability of many substitutes for dimethylolpropionic acid (DMPA) including DMBA, TME, TMP at relatively lower cost has created as a major problem for the the growth of the global dimethylolpropionic acid (DMPA) market.
Also, the growing penetration of DMBA in polyurethane dispersion compared to DMPA has boosted the adoption at a faster rate than DMPA. This will continue to negatively impact the growth of the market and hinder the market growth rate.
This dimethylolpropionic acid (DMPA) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the dimethylolpropionic acid (DMPA) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Dimethylolpropionic Acid (DMPA) Market
The widespread of COVID-19 pandemic has affected many industries and decrease the demand decrease of the non-essential product, and it was no different for the dimethylolpropionic Acid (DMPA) Market. Many governments overall the world imposed lockdown regulations which shutdown the factories and production facilities in several sectors. The decline in business in the textile and automotive sector negatively affected the Dimethylolpropionic Acid (DMPA) Market. However, the condition has massively improved in current times and Dimethylolpropionic Acid (DMPA) Market is projected to grow considerably in the forecast period of 2022-2029.
Recent Development
- In April 2021, Perstorp Specialty Chemicals AB has increased the cost of their Dimethylolpropionic Acid offering Bis-MPA to counteract inflation in global supply-chain costs.
Global Dimethylolpropionic Acid (DMPA) Market Scope
The dimethylolpropionic acid (DMPA) market is segmented on the basis product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Polyurethane dispersion
- Resins
- Powder Coating
Application
- Adhesive
- Glass fiber sizing
- Automotive Topcoat
- Wood Finishing
End User
- Paints and coatings
- Building and Construction
- Automotive Industry
- Textile and Leather
- Industrial
- Furniture and Upholstery
- Others
Dimethylolpropionic Acid (DMPA) Market Regional Analysis/Insights
The dimethylolpropionic acid (DMPA) market is analysed and market size insights and trends are provided by country, product, application and end-use industry as referenced above.
The countries covered in the dimethylolpropionic acid (DMPA) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the dimethylolpropionic acid (DMPA) market during the forecast period 2022-2029. This is due to the high demand and innovations in the coatings and chemical industries Europe will continue to project the highest annual growth rate for this period due to the rapid evolution of manufacturing centers and high demand from infrastructure development sectors
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Dimethylolpropionic Acid (DMPA) Market Share Analysis
The dimethylolpropionic acid (DMPA) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to dimethylolpropionic acid (DMPA) market.
Some of the major players operating in the dimethylolpropionic acid (DMPA) market are:
- Perstorp (Sweden)
- Henan Tianfu Chemical Co. Ltd. (China)
- Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd. (China)
- Geo Specialty Chemicals Inc (U.S.)
- Shenzhen Vtolo Chemicals Co, Ltd, (China)
- Lemman Laboratories International Co.,Ltd (China)
- CD Bioparticles (U.S.), Merck & Co., Inc. (U.S.)
- Yigyooly Enterprise Limited (China)
- Jiangxi Selon Industrial Co.,Ltd. (China)
- Biosynth Carbosynth (Switzerland)
SKU-