Dimethylolpropionic Acid Market By Application, By End-use Industry, By Geography

Description

The dimethylolpropionic acid market is estimated to be valued at USD 510.3 Mn in 2024 and is expected to reach USD 803.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	510.3 Mn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	6.70%	2031 Value Projection:	803.3 Mn

Figure. Dimethylolpropionic Acid Market Share (%), By Region, 2024

Dimethylolpropionic acid or DMPA is a hydroxyl functional chemical that finds widespread application in the manufacturing of polyester and polyurethane resins. As a crosslinking agent, DMPA improves the functionality, reactivity, water, and chemical resistance of the finished products. It enables manufacturing durable and high-performance coatings, adhesives, and elastomers. With the growing paints, construction, and automotive industries globally, the demand for advanced coating materials is surging. This is augmenting the consumption of DMPA as a key monomer. Moreover, rising preference for DMPA over traditional crosslinking agents owing to its eco-friendly properties is further propelling the dimethylolpropionic acid market.

Market Dynamics:

The global dimethylolpropionic acid market is primarily driven by the expanding coatings and construction industries. Rapid urbanization and infrastructure growth in developing nations are increasing the demand for various construction materials like adhesives, paints, and sealants wherein DMPA serves as a critical raw material. Its superior properties over traditional agents in providing corrosion and moisture resistance to finished products is further propelling its adoption. However, strict European and North American regulations around the manufacturing and distribution of DMPA owing to its hazardous nature are somewhat restraining the market growth. On the other hand, shifting focus towards eco-friendly alternatives to conventional crosslinking agents is opening new opportunities for DMPA suppliers. Ongoing R&D for developing DMPA-based hybrid polymers is another factor expected to stimulate the market dynamics over the coming years. However, stringent regulations around the handling and production of DMPA pose certain challenges.

Key Features of the Study:

This report provides in-depth analysis of the global dimethylolpropionic acid market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global Dimethylolpropionic Acid market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Geo Specialty Chemicals, Inc., Perstorp Specialty Chemicals AB, Henan Fianfu Chemical Ltd., Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd., Shenzhen Vtolo Chemicals Co. Ltd., Lemman Laboratories International Co., Ltd, Biosynth Carbosynth, Yigyooly Enterprise Limited, and Jiangxi Selon Industrial Co., Ltd.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global dimethylolpropionic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global dimethylolpropionic acid market

Market Segmentation

By Application Insights (Revenue, USD Mn, 2019 - 2031)
- Polyurethane Dispersion
- Resins
- Powder Coating
- Electrodeposition Coating
By End-use Industry Insights (Revenue, USD Mn, 2019 - 2031)
- Adhesive
- Glass Fiber Sizing
- Automotive Topcoat
- Wood Finishing
- Others
Regional Insights (Revenue, USD Mn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Geo Specialty Chemicals, Inc.
- Perstorp Specialty Chemicals AB
- Henan Fianfu Chemical Ltd.
- Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd.
- Shenzhen Vtolo Chemicals Co. Ltd.
- Lemman Laboratories International Co.,Ltd
- Biosynth Carbosynth
- Yigyooly Enterprise Limited
- Jiangxi Selon Industrial Co.,Ltd.

Product Code: CMI3804

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Application
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Dimethylolpropionic Acid Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Dimethylolpropionic Acid Market - COVID-19
Impact Analysis

5. Global Dimethylolpropionic Acid Market, By Application, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Polyurethane Dispersion
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Resins
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Powder Coating
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Electrodeposition Coating
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. Global Dimethylolpropionic Acid Market, By End-use Industry, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Adhesive
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Glass Fiber Sizing
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Automotive Topcoat
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Wood Finishing
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Global Dimethylolpropionic Acid Market, By Region, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (USD Mn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Geo Specialty Chemicals, Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Perstorp Specialty Chemicals AB
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Henan Fianfu Chemical Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Shenzhen Vtolo Chemicals Co. Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Lemman Laboratories International Co.,Ltd
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Biosynth Carbosynth
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Yigyooly Enterprise Limited
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Jiangxi Selon Industrial Co.,Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact