Sarasota, FL -- (SBWIRE) -- 10/20/2018 -- Global Dimethylolpropionic Acid (DMPA) Market: Overview
Dimethylolpropionic acid refers to a diol molecule that comprises one carboxylic group and two hydroxyl groups. It is a white crystalline solid that is free flowing in nature. The carboxylic group is less reactive in nature; hence the DMPA molecule acts as a diol. This group of free acid assists resin water solubility and alleviates the polar group's introduction. Thus, this helps in improving the receptivity of synthetic fiber dye and coating adhesion. The popularity of the global Dimethylolpropionic acid (DMPA) market is expected to increase in future, due to DMPA's various applications.
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Global Dimethylolpropionic Acid (DMPA) Market: Growth Factors
The major growth driver in the global Dimethylolpropionic acid (DMPA) market is the rise in the demand for polyurethane dispersions (PUDs). Significant growth in the production of polyurethane dispersions, growing use of powder coatings by the automobile industry, and increasing investments made 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.
Easy accessibility of lower-priced substitutes, such as trimethylolethane (TME), dimethylol butanoic acid (DMBA), and trimethylolpropane (TMP) and volatile price of Dimethylolpropionic acid (DMPA) are some of the factors that might hamper the growth of the market for dimethylolpropionic acid (DMPA) globally.
Global Dimethylolpropionic Acid (DMPA) Market: Segmentation
The global Dimethylolpropionic acid (DMPA) market can be divided based on product type and application. On the basis of product type, the Dimethylolpropionic acid (DMPA) market can be segmented into less than 95%, between 95% and 97%, between 97% and 99%, and more than 99%. Based on application, the Dimethylolpropionic acid (DMPA) market can be classified into resins, powder coatings, electrodeposition coatings, and polyurethane dispersions (PUDs), among others. The polyurethane dispersions segment is expected to remain the most popular DMPA application, as it helps in improving the hydrophilic characteristics of polyurethane polymer. In addition, the popularity of this segment is also due to the fact that PUDs are generally used in glass fiber sizing, wood finishing, adhesives, and automotive topcoats, among other uses.
Global Dimethylolpropionic Acid (DMPA) Market: Regional Analysis
Based on regions, the global market for Dimethylolpropionic Acid (DMPA) can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. In the Asia Pacific region, developing countries, such as India and China, are anticipated to dominate the global market for Dimethylolpropionic acid (DMPA) in the upcoming years. This is due to the significant growth in the production of polyurethane dispersions in this region. The European and North American regions are also expected to show good growth potential for the expansion of Dimethylolpropionic acid (DMPA) market in the future due to the increasing use of powder coatings by the automobile industry.
Global Dimethylolpropionic Acid (DMPA) Market: Competitive Players
The key market players of the global market for Dimethylolpropionic acid (DMPA) include Huzhou Changsheng Chemical, Shenzhen Vtolo Chemicals Company, Henan Tianfu Chemical Company, Lemman Laboratories, FabriChem, Perstorp Specialty Chemicals AB, Jiangxi Nancheng Hongdu Chemical Technology, VUP, and Geo Specialty Chemicals, among several others.
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Global Dimethylolpropionic Acid (DMPA) Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa