ESOMAR-certified market analysis and consulting company Future Market Insights (FMI) delivers insights into key factors driving the dimethylolpropionic acid market in its latest report. Additionally, an evaluation of the effect of the COVID-19 pandemic on the dimethylolpropionic acid market in general, and an analysis of sales in 20+ high-growth markets and relevant end-use industries has been provided in the report.
The growing global demand for electrodeposition coatings particularly, arising from the metals production and processing sector is expected to positively influence market growth. Electro-deposition allows for low-cost production of coatings, while maintaining high performance standards, improving the functional properties of the material.
Dimethylolpropionic acid is also widely used in electric appliances such as HVAC systems. Consequently, the use of associated coatings will drive growth over the forecast period.
Dimethylolpropionic acid is also used in powder coatings as a modification agent in epoxy polyester compounds for improving flow properties, higher levels of gloss, and better impact resistance. Furthermore, DMPA is also used in the development of urethane elastomers for multi-substrate applications.
Dimethylolpropionic acid is a crystalline compound that is increasingly gaining traction for its extensive use in the development of aqueous urethane dispersions, which are ideal for high gloss waterborne coating offerings with superior flexibility and free-flow characteristics.
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What are the Leading Challenges Faced by Dimethylolpropionic Acid Manufacturers?
On one hand, the niche applications of DMPA have set up very positive expectations for the future of the market. However, manufacturers are expected to face a number of challenges in the near future to consolidate production and distribution operations.
The easy availability of numerous substitutes for DMPA including TME, TMP and DMBA, at relatively lower cost has emerged as a major threat to the growth of the global DMPA market. DMBA which is a tertiary carboxylic acid group and two reactive hydroxyl groups, is similar to DMPA in chemical characteristics.
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In recent years, the rising penetration of DMBA in polyurethane dispersion applications has bolstered at adoption at a faster rate as compared to DMPA. This will continue to negatively impact demand for DMPA, which has resulted in some DMPA manufacturers around the world to shut down select operations. Research into widening the scope of applications in addition to strategic pricing will play key roles in the development of the market.
Dimethylolpropionic Acid Market – Competitive Landscape
Leading manufacturers in the moderately consolidated dimethylolpropionic acid market are focused increasingly on research and development efforts aimed towards portfolio expansion objectives, in addition to extensive efforts towards seeking strategic acquisitions and collaborations in the industry.
In September 2019, CPS Performance Materials announced the acquisition of GEO Specialty Chemicals, which will allow the company to expand its market portfolio, and special chemicals for personal care and nutrition applications.
In April 2021, CD Bioparticles introduced a series of dendrimers, including DMPA-G1-TMP-Azide, DMPA-G1-TMP-Acetylene, DMPA-G1-TMP-NHBOC, and DMPA-G1-TMP-Carboxyl for applications in coatings, theranostics adhesives, biosensors, and optics.
Waters™ leading chromatography data software (CDS), Empower™, with the introduction of Metrohm Ion Chromatograph, for applications in universal software platform, aimed towards faster sample turnaround.
Future Market Insights has also analyzed the following players in the dimethylolpropionic acid market in its detailed report*:
- 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.
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