The global Dimethylolpropionic Acid (DMPA) Market is forecast to expand at 6.4% CAGR for the forecast period of 2023-2033. Need for durable coatings for heavy duty applications drives the market growth. Rising employment of DMPA in electric appliances and HVAC systems paved way for exponential growth of dimethylolpropionic acid market. High quality and durable coating produced using electro-deposition is one of the major factors driving the market growth, evaluated ESOMAR-certified consulting firm Future Market Insights.
Dimethylolpropionic Acid (DMPA) is a dicarboxylic acid used as a crosslinking agent in the production of resins, adhesives, and coatings. It is produced through the reaction of formaldehyde with propionic acid. DMPA is also used as a raw material in the manufacture of other chemicals such as surfactants and plasticizers. It is a colorless, crystalline solid that is soluble in water.
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Key Takeaways
- Rising demand of advanced nontoxic coating in the U.S. consumer industry will intensify the market demand.
- Surge in production of polyurethane dispersion products will propel growth in Germany.
- Growing need of dimethylolpropionic acid in paint and coating industry in China will provide ideal environment for market growth.
- Development in the field of automobile and metal industry in India will propel the market growth.
Prominent Drivers
- Increased focus on application of powder coating in automotive industry is expected to aid the dimethylolpropionic acid market growth.
- Growing necessity of electro-deposition technique in coating and metal industry is expected to boost the market demand.
- Rising adoption of polyurethane dispersion products in manufacturing of adhesives will enhance the market growth
Key Restraints
- Availability of cheaper alternatives to dimethylolpropionic acid is a major threat to market growth.
- Surging use of dimethylolbutanoic acid in polyurethane dispersion restrict the market demand.
- Variation in price of raw material for dimethylolpropionic acid manufacturing negatively affects the market demand.
Competitive Landscape
Leading players profiled by FMI operating in dimethylolpropionic acid market include
- Geo Specialty Chemicals, Inc.
- Perstorp Specialty Chemicals AB
- Henan Fianfu Chemical Ltd.
- Jiangxi nancheng Hongdu Chemical Technology Development Co., Ltd.
- Shenzhen Vtolo Chemicals Co. Ltd.
- Lemman Laboratories International Co.,Ltd
- Biosynth Carbosynth
- Yigyooly Enterprise Limited
- Jiangxi Selon Industrial Co.,Ltd.
One such occurrence is the acquisition of GEO specialty chemicals by CPS performance materials in September 2019. This acquisition allowed to company to penetrate the personal care and nutrition market.
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Segmentation of Dimethylolpropionic Acid Industry Research
By Application:
- Polyurethane Dispersion
- Resins
- Powder Coating
- Electrodeposition Coating
By End Use:
- Adhesive
- Glass Fiber Sizing
- Automotive Topcoat
- Wood Finishing
- Others
Table of Content
- Executive Summary | Dimethylolpropionic Acid Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
- Key Success Factors
TOC continued…!
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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