Dimethylolpropionic acid Market Share, Size, Trends, and Forecast by 2031

MARKET INTRODUCTION

Dimethylolpropionic acid -DMPA is basically a chemical compound that has the full IUPAC name of 2,2-bis(hydroxymethyl)propionic acid, and it is an organic compound with one carboxyl and two hydroxy groups. DMPA is an odorless, free-flowing white crystalline solid also essentially non-toxic. One key use of DMPA is in the field of coatings and adhesives. It is utilized as a modifier in the production of anionic Polyurethane dispersions. It is a white crystalline solid that is free-flowing in nature.

MARKET DYNAMICS

The dimethylolpropionic acid market has witnessed significant growth owing to factors such as a rise in the demand for polyurethane dispersions (PUDs). This is attributed to the increasing demand for polyurethane dispersion from various end-use applications, including leather, adhesives &sealants, furniture, fiberglass, etc. Hence, the rising demand for polyurethane dispersions is projected to favor the market growth over the forecast period. Significant growth in the manufacturing of polyurethane dispersions, increasing use of powder coatings by the automobile industry, and increasing investments executed in the market for polyester resin are some of the other factors fuelling the expansion of the global Dimethylolpropionic acid (DMPA) market. DMPA is extensively used in PUDs for improving the hydrophilic characteristics of polyurethane polymer. The rising demand for electro-deposition coatings throughout the metal industry is projected to stimulate the studied market growth. Electro-deposition is low-cost coatings that offer high performance and improve functional properties of the materials. It is widely employed in appliances such as HVAC systems. However, various regulations upon the chemicals may hamper the growth of the dimethylolpropionic acid market. Nevertheless, the growing demand for powder coating from the automobile industry is expected to offer potential growth opportunity to the market of the dimethylolpropionic acid.

MARKET SCOPE

The "Global Dimethylolpropionic Acid Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the dimethylolpropionic acid market with detailed market segmentation by application and geography. The global dimethylolpropionic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading dimethylolpropionic acid market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global dimethylolpropionic acid market is segmented on the basis of application. The dimethylolpropionic acid market on the basis of the application is classified into polyurethane dispersions, resin coatings, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global dimethylolpropionic acid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The dimethylolpropionic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the dimethylolpropionic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the dimethylolpropionic acid market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global dimethylolpropionic acid market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from dimethylolpropionic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for dimethylolpropionic acid in the global market. Below mentioned is the list of few companies engaged in the dimethylolpropionic acid market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the dimethylolpropionic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   FabriChem
  
•   Geo Specialty Chemicals, Inc.
  
•   Henan Tianfu Chemical Co. Ltd.
  
•   Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd.
  
•   Perstorp Specialty Chemicals AB
  
•   Shenzhen Vtolo Chemicals Co., Ltd.
  
•   Others
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Dimethylolpropionic acid Report Scope