Future Market Insights has announced the addition of the "Dimethylolpropionic Acid Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.
London, UK -- (SBWIRE) -- 05/11/2015 -- Dimethylolpropionic acid is a free flowing white crystalline solid which finds numerous applications in processing of water soluble resins. It is a key raw material in polyurethane dispersion for coatings. It finds several minor applications in polyester and resin industry. Polyurethane dispersions made up of dimethylolpropionic acid have low VOCs (volatile organic compounds) and provide the performance of polyurethane with the pliability of waterborne latex, this makes them environment friendly and technically compliant at the same time.
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The specialty coatings industry is the key driver for the market of dimethylolpropionic acid. Specialty coatings are used in several industries. Polyurethane dispersions made up of dimethylolpropionic acid are used as coatings for architectural structures, graphic arts products, industrial coating applications, leather & textile applications and adhesives among others. The growing building & construction industry is driving the market of dimethylolpropionic acid. Additionally, the labeling & packaging market and industrial applications are important drivers for the market of dimethylolpropionic acid. Polyurethane dispersions made up of dimethylolpropionic acid have low VOC content, however, they are expensive and their high cost is responsible for replacing the dimethylolpropionic acid coatings with inexpensive acrylic coatings. Technological advances to lower its cost of manufacturing are expected to open new areas of opportunity for the market of dimethylolpropionic acid.
China is the largest consumer of dimethylolpropionic acid globally. The booming manufacturing industry in China is a major consumer of polyurethane dispersions made up of dimethylolpropionic acid. Additionally, Western Europe and U.S use dimethylolpropionic acid for the building & construction industry. The major producers of dimethylolpropionic acid are China, the U.S. Western Europe and India.
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In case of architectural coatings, dimethylolpropionic acid provides chemically resistant, glossy and tough coatings. They can be applied on concrete, plastics, metals and wooden surfaces. They provide superior gloss retention and flexibility. Dimethylolpropionic acid is used to manufacture labels for consumer care and food products. It is used as a carrier for flexographic applications, for instance, print varnishes. In industrial applications, polyurethane dispersion coatings made up of dimethylolpropionic acid are used on PVC surfaces, consumer electronics, glove coatings and aircraft interiors plastic coatings among others. Dimethylolpropionic acid finds application as coating in leather & textile industry too. In the leather industry, it is used as base coat and top coat. In textile industry dimethylolpropionic acid is used to impart a flame retardant finish to clothes. Such clothes find application in industrial fire safety and offshore oil drilling applications in oil and gas industry. Additionally, dimethylolpropionic acid is used as a high performance adhesive; it provides high adhesion and flexibility, this makes it suitable for use in several industries which require high degree of precision adhesion.
Coatings made up of dimethylolpropionic acid are abrasion, water and humidity resistant. They provide excellent external durability and pliability. Additionally, its use is safe on the environment. These properties of dimethylolpropionic acid are expected to drive the market of dimethylolpropionic acid within the forecast period. The electro deposition of resin is a minor application of dimethylolpropionic acid. The use of dimethylolpropionic acid makes the resin water soluble which aids their electro deposition.
The key players in this market include - Bayer, C. L. Hauthaway & Sons Corp. Dow Chemical Co, DuPont, Fabrichem Inc, Geo Specialty Chemicals, Jinan Haohua Industry Co. Ltd, Kamsons Chemicals Pvt Ltd, Mitsui Chemicals Co and Perstorp Chemicals GmbH among others.
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