Dimethylolpropionic acid is a crystalline molecule that is gaining popularity due to its significant application in the manufacture of aqueous urethane dispersions, which are perfect for high gloss waterborne coating offers with exceptional flexibility and free-flow properties. Dimethylolpropionic acid is also utilized as a modifying agent in epoxy polyester compounds in powder coatings to improve flow qualities, gloss levels, and impact resistance. DMPA is also employed in the creation of urethane elastomers for multi-substrate applications.
The expanding global demand for electrodeposition coatings, notably from the metals production and processing industry, is likely to boost market growth. Electro-deposition enables for low-cost coating production while maintaining high performance standards and increasing the material’s functional qualities. Dimethylolpropionic acid is also commonly utilized in electrical equipment like HVAC systems. As a result, the use of related coatings will drive expansion during the projection period.
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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.
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.
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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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Dimethylolpropionic Acid (DMPA) Market Key Segments
Product Type
• Polyurethane dispersion
• Resins
• Powder Coating
• Electrodeposition Coatings
Application
• Adhesive
• Glass fiber sizing
• Automotive Topcoat
• Wood Finishing
• Others
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