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Ammonium phosphate and calcium phosphate are anticipated to remain key product types in the global market since they play a crucial role in the fertilizers industry. Diammonium phosphate, monoammonium phosphate, single super phosphate, and triple super are among the more commonly used variants.

With growing concerns over food security due to the rising global population, the demand for phosphate-based fertilizers is anticipated to increase in the coming years. Moreover, the decreasing arable land area all over the globe owing to urbanization and industrialization has fueled the growing demand for phosphates.

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The phosphate market is anticipated to witness a slowdown during the Covid-19 crisis owing to the decrease in the demand from the industrial sector. However, the market has witnessed a positive outlook during the crisis owing to the production of agricultural products and animal feed. These factors will prove crucial for continued growth of the global phosphates market.

Key Takeaways from Phosphates Market Study

• The global phosphates market is anticipated to reach a value of US$ 21,169.7 Mn by the end of the forecast period in 2031.
• Ammonium phosphate is expected to remain the dominant product type owing to higher agriculture applications accounting for three quarters of the global market through 2031.
• China is dominant in East Asia with a value share of over 95% through 2031, supported by large scale agriculture and chemicals industries.
• India will reflect above average growth with a CAGR of 3% through 2021, owing to its position as a leading agrarian economy.
• Brazil will hold over 50% of the Latin America market through 2031, owing to government incentives towards large-scale agriculture practices.

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“Agrochemical sales have fueled the growth of phosphates significantly over the past few years owing to the demand for fertilizer products particularly in emerging agrarian economies such as India and China. Government incentives will support growth through 2031,” said a lead analyst at FMI.

Phosphates Market: Participant Insights

Key players are focusing on strategic expansions by expanding production capacity in emerging economies by setting up of new production units, collaborations and mergers and acquisitions of other market participants. They are focusing on strengthening of their product portfolio while strengthening distribution networks.

Market participants in the global phosphates market are Nutrien Ltd., The Mosaic Company, YARA International, EuroChem, Prayon SA, Ma’aden-Saudi Arabian Mining Company, PhosAgro, Jordan Phosphates Mines Company (PLC), Aditya Birla Chemicals, Israel Chemicals, KazPhosphates LLC, Sulux Phosphates Limited, Zimbabwe Phosphates Industries Limited, OCP Group, Innophos Holdings, Inc., Chemische Fabrik Budenheim KG, Haifa Chemicals ltd., URALCHEM JSC, Solvay SA, OCI Company Ltd., Cabot Microelectronics Corporation, Asia Union Electronic Chemical Corp., Hubei Xingfa Chemicals Group Co., Ltd., Yichang Municipal Pacific Chemicals Co., Ltd (YMPCC), Sichuan Blue Sword Chemical (Group) Co., Ltd., Foskor (Pty) Ltd., and Industries Chimiques du Senegal.

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Phosphates Market by Category

By Product Type:

• Ammonium Phosphate
• Calcium Phosphate
• Potassium Phosphate
• Sodium Phosphate
• Others

By Grade:

• Food & Feed
• Pharmaceutical
• Industrial

By End Use:

• Agrochemicals
• Food & Beverages
• Animal Feed
• Cleansers & Detergents
• Pharmaceutical & PC
• Water Treatment
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East
• Africa

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Applications as a solvent in paints and plastic products used in the automobile industry will also remain a chief growth driver. Considering this, demand in the automotive sector is expected to increase, especially with the influx of electric vehicles (EVs) and consistent development in automobile components.

Cyclohexylbenzene is primarily used in the manufacturing of phenol, which is a component used to produce epoxy resins that are used in paints, adhesives, coatings and primers. Continuous rise in demand for paints, coatings, primers, and adhesives across the globe is elevating scope for application in epoxy resins, which will in turn drive the market for cyclohexylbenzene.

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Growing demand for high boiling solvents and penetrants in various industries including chemical industries, paints and coatings and plastic industries are anticipated to fuel growth in the coming years.

However, stringent government regulations imposed on the production and use of cyclohexylbenzene owing to its harmful effects on environment and human health is a longstanding challenge for manufacturers to overcome.

Key Takeaways from Cyclohexylbenzene Market Study

• China is a key market for cyclohexylbenzene, accounting for over 78% of the global sales, owing to manufacturer friendly policies in the country.
• Application in chemical production will drive cyclohexylbenzene consumption. The industry will account for over 32% of the global value share by the end of the assessment period.
• Standard cyclohexylbenzene holds over 70% of the overall value share, owing to cost benefits and wide scope of applications.
• Russia followed by Germany will lead Europe with a cumulative value share of over 37% by 2031 owing to increasing investment in manufacturing and automotive sectors.
• The U.S., will account for over 85% of the North America market through the end of 2031, supported by the presence of major end users.

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“Manufacturers are gradually shifting their focus towards emerging nations to strengthen their footprint. Considering this, emphasis on mergers and acquisitions will continue growing in the market” said an analyst at FMI.

Cyclohexylbenzene Market: Participant Insights

Key players in the market are adopting inorganic growth strategies including mergers and acquisitions to enhance their geographical footprint and revenue generation streams in previously untapped markets.

Key manufacturers in the cyclohexylbenzene market include Schultz Canada Chemicals Co. ltd., Biosynth Carbosynth, Henan Tianfu Chemicals Co. Ltd., Changsha Easchem Co., Ltd., Hefei TNJ Chemical Co. Ltd., Jiangsu Zhongneng Chemical Technology Co., Ltd., SAGECHEM, Xingrui Industry Co. Ltd., and Syntechem Co. Ltd, among others.

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Global Cyclohexylbenzene Market by Category

By Product Type:

• Standard
• High Purity

By Application:

• Plastics
• Paints & Coatings
• Adhesives
• Electrical & Electronics
• Chemical Production

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East & Africa

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As per FMI, silicone defoamers will account for more than one third of market value share in 2021 and is expected to continue its dominance through the assessment period. However, the market experienced a considerable decline in 2020 owing to the weak economic situation created in the wake of the covid-19 pandemic.

A defoamer is a chemical additive, also known as anti-foaming agent that helps reduce foam formation and also prevents the formation of excess foam in industrial process liquids. Defoamers are widely used in diverse industry verticals for various applications including pulp & paper, paints & coatings, water & wastewater treatment industry, food processing, chemical formulation, textiles and among others.

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Geographically, East Asia is estimated to dominate the market during the projection period. Major players in the defoamers market are planning to expand their distribution in the existing markets of U.S. and Europe. Key players are focusing on expanding their reach by diversifying supply chains to avoid disruptions.

Due to the COVID -19 crisis, end users have been impacted in several ways on account of the disrupted supply chain across the globe. In addition to restrictions in trade, shortage of labor and increase in raw material prices also impacted the defoamers market. However, the demand is expected to regain its previous growth from the first half of 2021.

Key Takeaways of Defoamers Market Study

• Aqueous defoamers will account for more than 80% of the market by 2031 owing to ease of use in water treatment, paints and coatings, and pulp and paper applications.
• Silicone based defoamers will reflect the fastest growth with a 4.7% CAGR, supported by consistent process outcomes.
• China will dominate East Asia through 2031 with value share over 63% owing to the presence of major production facilities.
• Germany holds the lead in the Europe market with a US$ 77.2 Bn valuation in 2021, driven by matured chemical and manufacturing sectors.
• The U.S. will account for nearly 90% of the North America market by 2031, supported by the presence of varied end-user industries in the country.

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“Key players globally are assessing various solutions in the supply chain, which will help them maintain business continuity with minimum disruption due to unforeseen events, since the onset of the COVID-19 crisis. Moreover, key players are planning to diversify their supply chains to reduce dependence on singular sources and continue production without interruptions in the coming decade,” says an FMI analyst

Market Landscape: Competitive Overview

The global defoamers market is moderately consolidated, with some of the leading players accounting for a prominent share of the market. Manufacturers are focusing on strengthening their market presence globally by the acquisition of regional players and investing in research and development to stay up to date with the new trends in the market. Players are also adopting other distribution channels such as e-commerce and online platforms to help cater to demand.

Key market participants include BASF SE, Dow Chemical Company, Evonik Industries, Kemira Oyj, Buckman, Air Products & Chemicals Inc, Accepta, Ecolab Inc. (Nalco), Ashland Inc, Synalloy Chemicals, Blackburn Chemicals Limited, Elementis PLC, Bluestar Silicones France SA, Clariant Chemicals Company, KCC Basildon, Royal DSM N.V, Shin-Etsu, ADEKA Corporation, Wacker Chemie AG, Tiny ChemPro, Elkem Silicones ASA, Teijin Ltd, among others.

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Defoamers Market by category

Product Type:

• Powder
• Silicone  Defoamers
• Oil Defoamers
• Emulsion Defoamers
• Polymer Defoamers

By Medium of Dispersion:

• Aqueous Systems
• Non-Aqueous/ Solvent

Application Type:

• Chemical Formulation
• Textiles
• Construction Materials (cement, mortar, grouts etc.)
• Paints & Coatings
• Pulp & Paper
• Food Processing
• Pharmaceuticals
• Household & Personal Care
• Water and Wastewater treatment

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East and Africa

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Key Takeaways from Sodium Hydroxide Market Study

• Caustic lye holds over 63% of the global value share in 2021 owing easier applications particularly in the chemical industry.
• Textile applications will account for over 19% of the market through the end of 2031, driven by inking and dyeing applications.
• China is dominant in East Asia with a share of over 63% through the assessment period, supported by the presence of prominent end-use industries in the country.
• The U.S. is a lucrative market accounting for over 89% of North America, propelled by demand in the automotive and construction sectors.
• India followed by ASEAN countries account for a cumulative share of over 72% of the South Asia and Pacific market, albeit driven by a fragmented end-use sector.

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“Global trade tensions and COVID-19 outbreak have had a considerable negative impact on buyer confidence. This in turn has affected short term sales figures in the sodium hydroxide market. However, demand has been gradually recovering since last quarter of 2020 and is expected to reach pre-pandemic level in the coming years,” said a lead analyst at FMI.

Sodium Hydroxide Market Competitive Landscape

Major players in the market include Olin Corporation, Tosoh Corporation, BASF SE, Formosa Plastics Corporation, Dow Chemical Company, Shin-Etsu Chemical Co Ltd, Westlake Chemical Corporation, Covestro AG, Solvay S.A., Gujarat Alkalies and Chemicals Limited, Occidental Petrochemical Corporation, Tata Chemicals Ltd., Xinjiang Zhongtai Chemical Co. Ltd, Vynova Group, CJ Chemicals, ProChem, Inc., Chemical Store Inc, GFS Chemicals, Inc.

Companies operating in Sodium Hydroxide market are aiming at expanding the production capacities by acquisitions and collaborations with other manufacturers to relish the increase in demand.

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For instance,

• In April, 2021, India Based Chemfab Alkalies planning to increase its production capacity from 45,600 tons to 56,575 tons through membrane cell production technology process.
• In November, 2020, India based Meghmani organics decided to invest around US$ 3.2 Mn to expand its production capacity of caustic soda from 294 Kilo tons to 400 Kilo tons. The plant is expected to be operational by the end of 2022 first quarter.
• K-Petro researchers unveiled a new method of extracting bio-diesel through black soldier fly larvae, which is processed using sodium hydroxide, for applications in the automotive and logistics sector.

Sodium Hydroxide Market by Category

By Product Type:

• Flakes
• Caustic Lye

By Application:

• Alumina
• Textile
• Pulp & Paper
• Soaps & Detergent
• Dyes & Inks
• Pesticides
• Pharmaceuticals
• Water Treatment
• Petrochemicals
• Power & Steel
• Food Processing
• Organics
• Inorganics
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East and Africa

Key Questions Answered in the Report
What is the current valuation of the sodium hydroxide market?
At what rate did the sodium hydroxide market expand in the last 5 years?
What is the sodium hydroxide market demand outlook?
What are the key trends prevailing in the sodium hydroxide market?
What are the key factors driving the sales of sodium hydroxides?
Who are the key importers of sodium hydroxide?
What is the cumulative share of the top five companies in the sodium hydroxide market?
Who are the key exporters of sodium hydroxide?
Which are the top 5 countries exhibiting high demand for sodium hydroxides?
Which countries are the key producers of sodium hydroxide?

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The global biophotonics market is driven by factors such as Increasing ageing population, the government support in technology innovations, enhanced range of biophotonics applications, and a need for improvement in healthcare.

Region-wise, North America was the highest contributor to the global biophotonics market, followed by Europe, the Middle East and Africa (EMEA) and Asia Pacific. However, the North America is expected exhibit a CAGR of over 10.9% during the forecast period

Future Market Insights report examines the Biophotonics market for the period 2021 to 2031. The primary objective of the report is to offer updates on the advancements in healthcare that have given rise to a futuristic technology: biophotonics, which is significantly transforming the global healthcare market.

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Biophotonics is an emerging area of scientific research that harnesses light to understand the working of cells and tissue in living organisms to aid better diagnosis of health problems. Biophotonics will cater to the demands of multiple industry verticals such as biotechnology, diagnostics, therapeutics, and agriculture to name a few.

Biophotonics uses optical techniques while preserving the integrity of the biological cells under observation. The interactions such as emission, detection, absorption, reflection, modification, creation, radiation take place between the biological cell or molecule and light.

According to end-user type, the global biophotonics market is segmented as Medical diagnostics, Medical therapeutics, Test components and Non- Medical. The medical diagnostics is expected to dominate the global biophotonics market and register a CAGR of over 10.7%during the forecast period.

Non-medical applications are projected to demonstrate an impressive growth rate of over 15.5% CAGR between 2021 and 2031. Growth in global biophotonics market is largely attributed to growth in end use sectors, which largely include diagnostic centers, medical institutes, healthcare service providers, research institutes and laboratories, and medical & scientific instrument manufacturers.

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By application type, the Global Biophotonics market is segmented as See through imaging, Spectro molecular, Inside imaging, Biosensors, Surface imaging, Microscopy, Light therapy, and other analytic sensing. Among all the aforementioned segments, the biosensors is projected to witness over 17.2% CAGR during the forecast period. The microscopy and light therapy applications are expected to exhibit a CAGR of 15.1 % each respectively between 2021 and 2031.

The growth is attributed to implementation of the biosensors in other analytic sensing segment due to its specific biological analyte sensing capability such as pregnancy test, food toxicity, and cholesterol tests. Key players in the global biophotonics market are Becton, Dickinson & Co., Affymetrix Inc., Carl Zeiss, Olympus America, Andor Technology and Hamamatsu Photonics.

Biophotonics Market Segments

By Application

• • See-Through Imaging
  • Microscopy
  • Inside Imaging
  • Spectro Molecular
  • Analytics Sensing
  • Light Therapy
  • Surface Imaging
  • Biosensors

By Application

• • See-Through Imaging
  • Microscopy
  • Inside Imaging
  • Spectro Molecular
  • Analytics Sensing
  • Light Therapy
  • Surface Imaging
  • Biosensors

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By End User

• • Tests And Components
  • Medical Therapeutics
  • Medical Diagnostics
  • Non-Medical Application
  • Tests And Components
  • Medical Therapeutics
  • Medical Diagnostics
  • Non-Medical Application

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The report also identifies crude kaolin as the top-selling product, accounting for a little over 36% of the sales in the market in 2021. Despite its application across diverse industries, demand for kaolin significantly dropped amid COVID-19 as industries remained shuttered following lockdown guidelines implemented in India.

Nonetheless, gradual recovery of operations across industries will create growth opportunities in the coming years. The cement industry is forecast to account for the maximum demand for kaolin. Expansion of construction activities in India, in public and private sectors alike, will therefore spur opportunities for kaolin manufacturing and sales.

Besides demand in the cement industry, the kaolin market will register increasing application in paints and coatings, glass and paper, ceramics and sanitary, and pesticides and refractory sectors. Thanks to the inadequate threat of substitutes, kaolin consumption in India is anticipated to remain steady over the forecast period.

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Kaolin is naturally formed mineral clay which is consumed in both crude form and processed form. These minerals are formed by the chemical weathering of minerals of Aluminum such as, feldspar and is extracted from kaolinite mineral.

Kaolin is used as a raw material, filler material, binding material, strengthening material and as other materials in various end use industries. The common product types of kaolin available in India are crude kaolin, calcined, hydrous, surface modified, delaminated, and levigated kaolin.

Key Takeaways from Kaolin Market Study

• India kaolin market is expected to reach a value of US$ 137.8 Mn by 2031 end.
• Cement industry will account for over 46% of kaolin sales in India in 2021
• West India is expected to remain highly lucrative pocket, accounting for over 30% of kaolin sales in India in 2021
• Crude kaolin will emerge as a top-selling product, holding a dominant share of over 49% in the India kaolin market in 2021
• Demand for kaolin will rise in North India at 3.2% CAGR between 2021 and 2031

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 “Competition is expected to increase in the coming years owing to the increasing number of mining companies. Therefore, in order to gain competitive edge key players are likely to focus on expanding their production capacity to cater the growing demand from various industries. Besides this, they are increasing their export volume to strengthen their global footprint,” said a lead analyst at FMI.

Kaolin Market: Participant Insights

Key manufacturers in the India Kaolin market are EICL Limited, MLA Group of Industries, Prash Minerals, M/S Garg Minerals & Chemicals, Ashok Mineral Enterprises, Ashapura China Clay Co. LLP, Shree Ram Minerals, Srinath Enterprises, Mona Exim Inc., Vulcan Ceramics Co. Pvt. Ltd., Kalpana Minerals Pvt. Ltd., 20 Microns Ltd., Kerela Ceramics Ltd., and Sudarshan Minerals & Industries.

Some of these companies are focusing on on strengthening their product portfolio and expanding their market footprint through increasing production capacities. Besides this, they are investing in research and development initiatives to gain competitive edge.

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Kaolin Market by Category

By Product Type

• Crude Kaolin
• Calcined
• Hydrous
• Surface Modified
• Delaminated
• Levigated

By End Use

• Cement
• Ceramics & Sanitary
• Paints & Coatings
• Paper & Glass
• Pesticide & Refractory
• Others

By Region

• North India
• South India
• East India
• West India

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As per FMI, the functional films market is poised to reach US$ 47.17 Mn by 2031. The demand for both optical and coating films is considerably high. Of these, coatings films are expected to emerge dominant, exhibiting 8.7% CAGR over the forecast period.

Key Takeaways of Functional Films Market Study

• Application across various industries will continue driving functional films market at .2% CAGR through 2031
• The U.S. remains the leading functional films market in North America, accounting for over 68% sales in 2021
• After an insignificant year in 2020, the U.K. market will bounce back, registering a little below 6% y-o-y growth in 2021
• Germany and France will remain key markets. Of these, Germany will remain dominant through the forecast period
• Exceptional growth is likely in Japan, as it continues registering expansion of various end-use industries

“Functional films market, like any other sector, is heavily reliant on prevailing trends. Currently, there is high focus on sustainability especially as some of the leading players invest in environment-positive technologies,” said a lead analyst at FMI.

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East Asia is expected to dominate the functional films global market. The intense activities in the region have stimulated market participants to engage in product innovations and steadily commercialize their products. In East Asia, the large demand owned by various end-use industries including consumer electronics and automotive, is likely favorable to mold the Functional Films market. The market growth is also dependent on various other factors such as raw material availability and large consumption base.

Who is Winning?

Some of the leading companies operating in the functional films market include 3M, Dai Nippon Printing Co. Ltd, Toray industries Inc, SABIC, Covestro AG and Saint Gobain Films.

The functional films market is a highly competitive market dominated global petrochemical and chemical manufacturers and key players who are actively involved in the printing and packaging sector.  Some players are adopting backward integration, directly purchasing petrochemicals and manufacturing films from scratch. The market is also driven by regional players and new entrants who are aggressively involved to build their brand name.

The Tier-1 players hold approximately half the global value share. Drive for product positioning and collaboration are some of the common behavioral trends in the global market.

There is increasing focus on sustainability, especially some of the leading players. For instance, Coveris has built two new extrusion lines at Cheshire-based facility in Winsford, in the U.K. This capacity expansion is intended at supporting the company’s goal to achieve pack positive sustainability.

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Functional Films Market by Segments

Product Type

• Optical film
• Coating film
• Adhesive film
• Conductive film
• Reflection Films

End-use Industry

• Automotive
• Food & Medical Packaging
• Renewable
• Printing & Packaging
• Other Industrial

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia-Pacific
• Middle East & Africa

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Also the use of stainless steel is rising in the production of home appliances, cookware, and cutlery, which is expected to continue enabling sales in the market. Austenitic stainless steel is estimated to remain the top-selling stainless steel owing to its application in chemical industry, equipment and storage tanks manufacturing, in mining and chemical equipment, in pharmaceutical equipment, and in cookware and cutlery. According to the report, more than 77% of stainless steel sold in 2021 will belong from this category.

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Key Takeaways of Global Stainless Steel Market Study

• The global stainless steel market is estimated to expand at a CAGR of 5.5% during the forecast period of 2021-2031
• Presence of well-established industries and expansion of power plants sealed America’s dominance, enabling the U.S. represent over 86% of North America stainless steel market in 2021
• Expansion of building and construction sectors will drive sales in Germany and France
• The U.K. will remain a key market, exhibiting 4.4% y-o-y growth in 2021 after a brief period of negative sales
• Backed by increasing production of stainless steel, China will remain dominant in East Asia

“Companies operating in the stainless steel market are focusing on capacity expansion. A trend which will continue through the assessment period, enabling growth in the stainless steel market,” said an analyst at FMI.

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Growing demand from various end use sectors is projected to boost the Stainless Steel market significantly during the forecast period 2021-2031. China, U.S., and Japan are anticipated to remain prominent countries in the market of stainless steel, owing to presence of various end-use sectors and excellent production capacity of stainless steel.

However, owing to the pandemic impact in the year 2020, stainless steel market is expected to witness a significant downfall in the growth due to the disruption in the supply chain and decrease in demand. However, post the pandemic crisis, the market is anticipated to grow with a significant growth rate over the forecast period.

Who is Winning?

The global stainless steel market has been identified as a significantly fragmented market along with organized sectors occupying a fair share of the overall market. Some of the key market participants which are included in the report are ArcelorMittal, Nippon Steel and Sumitomo Metal Corporation, POSCO, JFE Steel Corporation, AK Steel, Thyssenkrupp AG, Hyundai Steel Co., Ltd., Outokumpu, Acerinox, Yieh United Steel Corp., Baosteel Group, Aperam, Jindal Stainless Limited, Gerdau, and Vallourec.

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Stainless Steel Market by category

Type

• Austenitic Stainless Steel
• Ferritic Stainless Steel
• Duplex Stainless Steel
• Martensitic Stainless Steel
• Precipitation Hardening Stainless Steel

Form

• Flat Products
• Long Products
• Tubular Products

End Use

• Building & Construction
• Industrial Machinery & Components
• Automotive & Transportation
• Home Appliances
• Cookware & Cutlery
• Medical & Surgical Tools
• Others

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East and Africa

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The global demand for dimethylolpropionic acids has rapidly gained traction owing to increasing application and awareness in terms of polyurethane dispersions. Strict government regulations associated with emissions and VOC content in coatings will positively influence long-term demand. Also, the material provides benefits on the basis of dye receptivity and coating adhesive properties.

Niche applications in automotive and furnishing sectors in addition to investments into developments of powder coatings are providing impetus to manufacturers exploring a wider scope of applications with a focus on flexibility and flow properties. Rapid rise in urbanization, increasing awareness about lifestyle changes, and the demand from the construction sector for polyester resins will drive demand in the long term.

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The growing demand for dimethylolpropionic acids, particularly from developing countries with manufacturing centers will offer major opportunities for growth. On the other hand, easy access to alternatives such as 7,12-Dimethylbenz(a)anthracene (DMBA), Trimethylolethane (TME), and 2,2,6,6-Tetramethylpiperidine (TMP) at affordable costs has emerged as a major challenge that will affect manufacturers around the globe.

Key Takeaways of Dimethylolpropionic Acid Market Study

• Dimethylolpropionic acid revenues to increase at more than 8% CAGR through the projection period.
• Supported by widespread demand in adhesives, wood finishes, and automotive topcoats, polyurethane dispersion applications will account for approximately 80% market share.
• Continuing investments in petrochemical and chemical sectors in China to aid in holding the lead through the forecast period.
• Germany and UK are projected to record strong demand a high manufacturing capacity for polyurethane dispersions.
• United States is a high potential market, driven by protective coating manufacturing efforts in the country.

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“The global demand for dimethylolpropionic acid (DMPA) has been driven strongly through recent advancements in the field of organic chemistry. The non-toxic and self-reactive nature of the compound bolstered the scope of applications of the compound in numerous chemical engineering verticals, aiding growth through the forecast period,” Says an FMI analyst.

Demand for Non-Toxic Coating Solutions Drive Developments

Dimethylolpropionic acid displays properties such as resin with water solubility or dispersibility following neutralization with a base. The material also enables ease of introducing polar groups to boost coating adhesion performance, and synthetic fiber dye receptivity, while also focusing on alkali solubility of deposited films.

Dimethylolpropionic acid also improved hydrolytic stability, as a minimal coupling solvent, with early water spot resistance in terms of air-dried resin applications. The material also finds use as a modifier for superior gloss, higher impact resistance, and flow properties associated with epoxy-polyester systems thereby improving coating flexibility.

Furthermore, the compound is also used as a neutralizing acid in cathodic electrodeposition processes as a source of free acid groups in anodic electrodeposition resins in addition to niche applications as an intermediate in the production of perfumes, pharmaceuticals, and dye formulations.

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Who is Winning?

The global dimethylolpropionic acid market can be considered as moderately consolidated, with a few leading players accounting for a major share of the overall market. Manufacturers are increasingly focused on investments into research and development and strategic acquisitions aimed towards portfolio expansions.

Key market participants including 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. amongst others are also focusing on bolstering their presence in the industry by exploring research into complementary technologies.

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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Chitosan is a linear structure biopolymer derived from chitin, which is naturally and abundantly available on the planet in the living organisms and also it is a renewable material. Chitosan can be used in various end use segments including pharmaceuticals and biomedical, agrochemicals, water treatment, food and beverages and many others.

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Growing demand of pharmaceuticals and biomedical and biocompatible substances are one of the key factors for the growth of chitosan market in North America. Moreover, the growing demand of biocompatible and biodegradable substances in various end use industries like personal care, surgery, water treatment, agricultural chemicals and many others is expected to uplift the market of chitosan in the coming years. U.S. is anticipated to remain the dominating country during the assessment period for production and consumption of chitosan in North America.

While chitosan can be derived from multiple sources, shrimps remain most preferred within the U.S. It is expected to account for over half of chitosan produced in the country. Other sources of chitosan include crabs, lobsters, and fungi

Key Takeaways from Chitosan Market Study

• Chitosan market will thrive in North America exhibiting 14.3% CAGR between 2021 and 2031
• The U.S. will remain dominant accounting for nearly 80% chitosan sales in the region
• Canada will exhibit impressive y-o-y growth in 2021 within the North America chitosan market
• Pharmaceutical and biomedical applications of chitosan will continue to surge in the U.S.
• Within Canada, the demand for chitosan derived from sources other than shrimps and crabs will rise at a higher pace

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 “The pandemic has had a negative impact on North America but, the region is anticipated to start showing improvement in its economic performance and industrial development in the forthcoming assessment period. End-use industries such as pharmaceuticals and biomedical, water and waste water treatment, personal care and many others are likely to exhibit high demand for chitosan within the region” said by a FMI analyst

Who is Winning?

The North America Chitosan market can be considered as fragmented, since a fair share of the overall volume consumed in the region are been imported from Asian market also from the European countries. Some of the key manufacturers in the North American Chitosan market includes, Tidal Vision Inc., Chitolytic, CarboMer, Inc., Spectrum Chemical MFG Corp., Mycodev Group, Toronto research Chemicals, and MP Biomedicals and others are focusing on strengthening their product portfolio and expanding their market footprint through strategic acquisition and collaborations with other market participants. In order to survive in the market several market participants are focusing on product development through collaborations with other research centers to develop chitosan products to cater the growing demand from various end use industries.

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Chitosan Market by Category

Source

• Shrimp
• Crab
• Others

Application

• Water Treatment
• Personal Care
• Pharmaceuticals & Biomedical
• Food & Beverages
• Agrochemicals
• Others

Region

• North America

Country

• U.S.
• Canada

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