The global demand for Dimethylol Propionic Acid Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Dimethylol propionic acid (DMPA) is an organic compound with one carboxyl and two hydroxy groups. It is an odorless free-flowing white crystalline solid. Its full IUPAC name is 2,2-bis(hydroxymethyl)propionic acid. DMPA is used in coatings and adhesive applications as a solvent, binder, resin, and for a wide variety of synthesis of chemicals including the production of hyperbranched polyesters, water-based alkyd resins, waterborne polyesters, and aqueous epoxy resins. Another niche application is for drug release purposes.
The application of dimethylolpropionic acid in the paint and coating industry is increasing significantly. This is majorly due to the automobile industry. DMPA is widely used in the paint & coating industry for the manufacturing of aqueous urethane dispersions, resulting in fast air-drying, high gloss waterborne coatings with superior toughness and flexibility. DMPA as a modifier offer improved gloss, impact resistance, and flow properties in epoxy polyester systems, imparts a high melting point hydroxyl functional reactive diluent for improved coating flexibility. It also finds application in the production of products such as photographic chemicals and printing inks. This is likely to boost the growth of the global DMPA market in the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of dimethylol propionic acid.
The entire dimethylol propionic acid market has been sub-categorized into application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Polyurethane Dispersions
- Resin Coatings
This section covers regional segmentation which accentuates on current and future demand for dimethylol propionic acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Dimethylol Propionic Acid Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the dimethylol propionic acid market include 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. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.