Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Dimethylolpropionic acid is a free-flowing crystalline that is beneficial for the manufacturing and processing of water-soluble resins. It is widely used in the aqueous urethane dispersions for proving high gloss waterborne coatings with excellent flexibility and toughness. It is also used in the powder coatings as a modifier in epoxy polyester for enhancing gloss, flow property, and impact resistance. Furthermore, it is also used in urethane elastomers for improving adhesion to glass, steel, and plastic.

The global dimethylolpropionic acid market is projected to surpass US$ 530.0 million by the end of 2027, in terms of revenue, growing at CAGR of 8.0% during the forecast period (2020 to 2027).

Drivers

The growing production of polyurethane dispersion is expected to drive the market growth of dimethylolpropionic acid. This is attributed to the rising demand for polyurethane dispersion from various end-use applications such as leather, adhesives &sealants, fiberglass, furniture, etc. Thus rising demand for polyurethane dispersions is projected to favor the market growth over the forecast period.

Rising demand for electro-deposition coatings across the metal industry is projected to stimulate market growth. Electro-deposition is low-cost coatings that offer high performance and improve functional properties of the materials. It is widely used in appliances such as HVAC system. Thus growing demand for electro-deposition coatings across the various end-use application is expected to augment the market growth of dimethylolbutanoic acid over the forecast period.

Regionally, Asia-pacific dominated the global dimethylolpropionic acid market in 2019, reporting 41% market share in terms of revenue, followed by Europe and North America, respectively.

Figure 1. Global Dimethylolpropionic Acid Market, Revenue Share (%), By Region, 2019

Dimethylolpropionic Acid  | Coherent Market Insights

Market Restraints

The hazardous environmental effect of polyurethane dispersion is projected to restrict the use of dimethylolbutanoic acid over the forecast period.

The fluctuating price of raw materials used for the manufacturing of DMPA is expected to hamper the market growth of dimethylolbutanoic acid. Formaldehyde and propionaldehyde are widely used in the manufacturing of dimethylolpropionic acid over the forecast period.

Market Opportunities

The growing demand for powder coating from the automobile industry is expected to offer potential growth opportunity to the market of the dimethylolbutanoic acid. The automobile industry is emerging as the fastest-growing application of powder coating for enhancing the gloss and impact resistance on the component of the automobile. This is expected to accelerate market growth of dimethylolbutanoic acid over the forecast period.

Growth in the construction industry is propelling the demand for polyester resin which is further accelerating the market growth of the dimethylolbutanoic acid. Increasing development of infrastructure coupled with the rising adoption of advanced construction materials is further projected to fuel the market growth of dimethylolbutanoic acid over the forecast period. 

Figure 2. Global Dimethylolpropionic Acid Market – Opportunity Analysis

Dimethylolpropionic Acid  | Coherent Market Insights

Market Trends

Growing investment in the chemical and petrochemical industry is expected to fuel the market growth of the dimethylolbutanoic acid over the forecast period. An increase in the production, as well as consumption of petrochemical products around the globe, is anticipated to foster market growth of dimethylolbutanoic acid over the forecast period.

Rising demand for eco-friendly due to growing environmental concerns among manufacturer is expected to fuel the market growth of the dimethylolbutanoic acid. Moreover, growing demand for protective coating from the agricultural equipment industry is also projected to foster the market growth of the dimethylolbutanoic acid over the forecast period.

Figure 3. Global Dimethylolpropionic Acid Market, Revenue Share (%), By Application, In 2019

Dimethylolpropionic Acid  | Coherent Market Insights

On the basis of application, polyurethane dispersions dominated the global dimethylolpropionic acid market in 2019 with around 80% of market share in terms of revenue, followed by resin coatings and others, respectively

Competitive Section

Key players are operating in the global dimethylolpropionic acid market are Geo Specialty Chemicals, Inc., Perstorp Specialty Chemicals AB, Henan Tianfu Chemical Co. Ltd., Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd., and Shenzhen Vtolo Chemicals Co., Ltd.

Few Recent Developments

Perstorp

  • In November 2019, Perstorp, a global leader in the specialty chemicals market, has announced the extension of its Ymer nonionic dispersing monomer product range for Polyurethane Dispersion (PUD). PUDs are used in many applications such as adhesives and coatings for leather, textiles, wood and automotive.

Dimethylolpropionic acid is a crystalline solid with white appearance and flowing nature. It has chemical composition with one carboxylic group and two hydroxyl groups. The carboxylic group of free acid enhances the solubility of resin water and lightens the polar group’s exposure. Dimethylolpropionic acid improves the accessibility of synthetic fibre dye and adhesive property of coating.

Market Dynamics

The global dimethylolpropionic acid market has witnessed significant growth in recent past years, owing to the increase in demand of polyurethane dispersions across various end-user industries. The production of polyurethane dispersions has significantly grown owing to the surge in use of powder coatings in the automobile industry. This has led to increase in investments by key players in the market for polyester resin are some of the other factors fuelling the expansion of the global dimethylolpropionic acid (DMPA) market.

Rising urbanisation, changes in lifestyles and growth of building & construction industry is fuelling the growth of dimethylolpropionic acid market. The global dimethylolpropionic acid market. Easily availability of large number of substitutes in market for dimethylolpropionic acid are available at a lower cost and this hampers the growth of the global dimethylolpropionic acid market.

Key features of the study:

  • This report provides in-depth analysis of global dimethylolpropionic acid market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global dimethylolpropionic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Geo Specialty Chemicals, Inc., Perstorp Specialty Chemicals AB, Henan Tianfu Chemical Co. Ltd., Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd., and Shenzhen Vtolo Chemicals Co., Ltd.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Product Type up-gradation, market expansion, and marketing tactics
  • The global dimethylolpropionic acid market report caters to various stakeholders in this industry including investors, suppliers, global dimethylolpropionic acid manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global dimethylolpropionic acid market

Detailed Segmentation:

  • Global Dimethylolpropionic Acid Market, By Application:
    • Polyurethane Dispersions
    • Resin Coatings
    • Others
  • Global Dimethylolpropionic Acid Market, By Region:
    • North America
      • U.S.
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • Canada
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
    • Latin America
      • Brazil
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • Mexico
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • Rest of Latin America
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
    • Europe
      • France
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • Germany
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • U.K.
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • Russia
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • Benelux
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • Nordic
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • Rest of Europe
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
    • Asia Pacific
      • China
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • Japan
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • Australia & New Zealand
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • India
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • Rest of the Asia-pacific
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
    • Middle East & Africa
      • GCC
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • South Africa
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
      • Rest of Middle East & Africa
        • By Application
          • Polyurethane Dispersions
          • Resin Coatings
          • Others
  • Company Profiles
    • Geo Specialty Chemicals, Inc. *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Perstorp Specialty Chemicals AB
    • Henan Tianfu Chemical Co. Ltd.
    • Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd.
    • Shenzhen Vtolo Chemicals Co., Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  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 Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Dimethylolpropionic Acid Market, By Application 2017 - 2027 (US$ Million and Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Polyurethane Dispersions
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Resin Coatings
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  5. Global Dimethylolpropionic Acid Market, By Region, 2017- 2027 (US$ Million and Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
          •  
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
          •  
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
          •  
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
          •  
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
          •  
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
          •  
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Nordic
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Benelux
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Oceania
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
  6. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Geo Specialty Chemicals, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Perstorp Specialty Chemicals AB
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Henan Tianfu Chemical Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Shenzhen Vtolo Chemicals Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Dimethylolpropionic Acid Market” – global forecast to 2027

Frequently Asked Questions

The market for global dimethylolpropionic acid is forecast to surpass US$ 530.0 Million by 2027 witnessing a CAGR of 8.0% between 2020 and 2027.
Growing production of polyurethane dispersion and rising demand for electro-deposition coatings across the metal industry is fuelling the growth of the 3D printing materials market in the region.
Growing investment in the chemical and petrochemical industry and rising demand for eco-friendly among end-user industries are expected to favour market growth over the forecast period.
Hazardous environmental effect of polyurethane dispersion and fluctuating price of raw materials used for the manufacturing of dimethylolpropionic acid is expected to hamper the growth the market during the forecast period.
Major players operating in the global dimethylolpropionic acid market include Geo Specialty Chemicals, Inc., Perstorp Specialty Chemicals AB, Henan Tianfu Chemical Co. Ltd., Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd., and Shenzhen Vtolo Chemicals Co., Ltd.
The global dimethylolpropionic acid market was estimated to be valued around US$ 285.0 million in terms of revenue in 2019.
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