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Rising Application of Dimethylolpropionic Acid in Aqueous Urethane Dispersion Spurs Dimethylolpropionic Acid Market Growth: FMI

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News provided by

Future Market Insights

05 May, 2021, 14:30 GMT

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- Rising demand for environment-friendly petrochemicals and need for protective coated agricultural equipment are driving dimethylolpropionic acid market growth.

Dubai, U.A.E, May 5, 2021 /PRNewswire/ -- The global dimethylolpropionic acid [DMPA] market is forecast to expand at 8% CAGR for the forecast period of 2021-2031. Need for durable coatings for heavy duty applications drives the market growth. Rising employment of DMPA in electric appliances and HVAC systems paved way for exponential growth of dimethylolpropionic acid market. High quality and durable coating produced using electro-deposition is one of the major factors driving the market growth, evaluated ESOMAR-certified consulting firm Future Market Insights.

According to the study, COVID-19 pandemic negatively impacted the market in short term basis. Pandemic led to closure of manufacturing facilities leading to slump in dimethylolpropionic acid market demands. The situation is expected to improve by the end of 2021 with relaxation in lockdown and restoration of supply chain.

 "Surging application of polyester resin in lifestyle and fashion industry along with boom in construction industry will become a key factor for dimethylolpropionic acid market growth," remarks the FMI analyst. 

Request a report sample with 80 pages to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-339 

Key Takeaways

  • Rising demand of advanced nontoxic coating in the U.S. consumer industry will intensify the market demand.
  • Surge in production of polyurethane dispersion products will propel growth in Germany.
  • Growing need of dimethylolpropionic acid in paint and coating industry in China will provide ideal environment for market growth.
  • Development in the field of automobile and metal industry in India will propel the market growth.
  • Automotive application of dimethylolpropionic acid is expected to grow at 6% CAGR during the forecast period.

Prominent Drivers

  • Increased focus on application of powder coating in automotive industry is expected to aid the dimethylolpropionic acid market growth.
  • Growing necessity of electro-deposition technique in coating and metal industry is expected to boost the market demand.
  • Rising adoption of polyurethane dispersion products in manufacturing of adhesives will enhance the market growth

Key Restraints

  • Availability of cheaper alternatives to dimethylolpropionic acid is a major threat to market growth.
  • Surging use of dimethylolbutanoic acid in polyurethane dispersion restrict the market demand.
  • Variation in price of raw material for dimethylolpropionic acid manufacturing negatively affects the market demand.

Discover more about the dimethylolpropionic acid market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on

https://www.futuremarketinsights.com/reports/dimethylolpropionic-acid-market  

Competitive Landscape

Leading players profiled by FMI operating in dimethylolpropionic acid market include Henan Tianfu Chemical Co. Ltd., GEO Specialty Chemicals, Inc., Shenzhen Vtolo Chemicals Co., Ltd, Perstorp Specialty Chemicals AB and Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd. among others.   According to FMI, Leading players are focusing to research and development to grow their product portfolio and are also participating in strategic collaborations and acquisitions to strengthen their global position.

One such occurrence is the acquisition of GEO specialty chemicals by CPS performance materials in September 2019. This acquisition allowed to company to penetrate the personal care and nutrition market.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-339

More Insights on FMI's Dimethylolpropionic Acid Market

The latest market study on global dimethylolpropionic acid market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of product type (Resins, Powder coatings, electro deposition coating), Application (Adhesive, Glass fiber sizing, automotive topcoat, wood finishing), end-use (hospitals, diagnostics centers, ambulatory surgical centers), and across major regions (North America, Latin America, Eastern Europe, Western Europe, Japan, Middle East & Africa, Asia Pacific excluding Japan).

Explore FMI's Extensive Coverage on Chemicals and materials Domain

Acetone market: The global Acetone market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market's competitive landscape.

Di-electric gases market: Future Market Insights gives a detailed segmentation on the global Di-electric gases market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.

Coated fabrics market: The coated fabrics market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Abhishek Budholiya
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com 
For Media Enquiries: press@futuremarketinsights.com 
Report: https://www.futuremarketinsights.com/reports/dimethylolpropionic-acid-market 
Press Release Source: https://www.futuremarketinsights.com/press-release/dmpa-market

Logo : https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg

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