Dimethylolpropionic Acid Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027

Report Code: CMR 99487 Report Format: PDF + Excel

Dimethylolpropionic Acid (DMPA) Market Overview

Dimethylolpropionic Acid (DMPA) Market size is estimated to grow at a CAGR of 8.6% during 2022-2027 and is expected to reach a value of USD$534 million by the year 2027. Dimethylolpropionic Acid (DMPA) is an organic compound with one carboxyl and two hydroxy groups. It is an odorless, non-toxic crystalline solid which is used in a variety of syntheses. DMPA is primarily used in the production of aqueous anionic polyurethane dispersions and is used in the field of powder coatings, epoxy ester coatings, urethane elastomers, adhesives, and so on. It is also used in the production of water-soluble resins and adds improved stability to it. In this report, we will take a look at the various segments of the Dimethylolpropionic Acid (DMPA) Market and analyze the market landscape, drivers, and challenges within the forecast period of 2022-2027.

COVID-19 Impact

During the COVID-19 Pandemic, many industries had suffered a decrease in demand, and it was no different for the Dimethylolpropionic Acid (DMPA) Market. Many governments across the globe implemented lockdown regulations and factories & production facilities in many sectors came to a halt. The supply chain was greatly disrupted as many businesses followed the lockdown protocols. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the production of passenger vehicles decreased by 16.9% from 2019 to 2020. Similarly, according to Textile Exchange, the total textile production volume decreased from 111 million metric tonnes in FY 2019 to 109 million metric tonnes in FY 2020. The decline in business in the automotive and textile sector negatively impacted the Dimethylolpropionic Acid (DMPA) Market as dimethylolpropionic acid is used in the production of coatings used in these industries. However, the situation has vastly improved in recent times and Dimethylolpropionic Acid (DMPA) Market is predicted to grow significantly during the forecast period of 2022-2027.

Report Coverage

The report: “Dimethylolpropionic Acid (DMPA) Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Dimethylolpropionic Acid (DMPA) Industry.

By Application: Polyurethane Dispersion, Adhesives & Sealants, Alkyd Resins, Architectural Coatings, Automotive & Industrial Coatings, Polyester Resins, Wood & Leather Finishes, Others.
By End-Use Industry: Paints & Coatings, Building & Construction, Automotive Industry, Textile & Leather, Industrial, Furniture & Upholstery, Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa). 

Key Takeaways

  • Asia-Pacific holds the largest share by region in the Dimethylolpropionic Acid (DMPA) Market due to the growing demand of various industries like the automotive, furniture & upholstery, and the textile industry.
  • Dimethylolpropionic Acid is primarily used in the production of polyurethane dispersions which are polyurethane resins dispersed in water.
  • The increase in demand for the automotive and textile industry proves to be an excellent driver for the Dimethylolpropionic Acid (DMPA) market.
  • The presence of a variety of substitutes like trimethylolethane and trimethylolpropane is a threat to the growth of the Dimethylolpropionic Acid (DMPA) market.

Figure: Asia-Pacific Dimethylolpropionic Acid (DMPA) Market 2021-2027 (USD $ Million) 

Dimethylolpropionic Acid Market

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Dimethylolpropionic Acid (DMPA) Market Analysis – By Application

Polyurethane dispersion held the largest share of 37% in 2021. Dimethylolpropionic acid is primarily used in the production and synthesis of polyurethane dispersions which are essentially polyurethane polymer resins dispersed in water rather than a solvent. Polyurethane dispersions are extremely desirable for their environment-friendly properties and their ease of use. According to Trademap (ITC), the estimated global export value of Polyurethane is USD $ 6,484 million in the year 2020. Dimethylolpropionic acid is also used in the production of water-soluble alkyd and polyester resins, various types of coatings like industrial and automotive coatings, and so on.

Dimethylolpropionic Acid (DMPA) Market Analysis – By End-Use Industry

Paints & Coatings held the largest share of 39% in the Dimethylolpropionic Acid (DMPA) Market by end-use industry in 2021. Dimethylolpropionic acid is primarily used in the production of various types of coatings which are used in various industries like the automotive industry, building & construction, textile & leather, and so on. According to the American Coatings Association, the U.S. Paints & Coatings Industry alone is worth USD $26 billion, with California alone accounting for USD $2.4 billion. They have also stated that the Paints & Coatings Industry has seen a growth from the previous year as well. One of the most common applications of coatings is in the Automotive Industry. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), a total of 57.2 million passenger vehicles were manufactured from January to September 2021. The growth of the Paints & Coatings Market, and similarly of the Automotive Industry, reinforces the growth of the Dimethylolpropionic Acid (DMPA) Market.

Dimethylolpropionic Acid (DMPA) Market Analysis – By Geography

Asia-Pacific region holds the largest share in the geography segment by 42% in the Dimethylolpropionic Market in 2021. This is because countries like China, India, South Korea, and Japan have seen a tremendous increase in demand in various industries like the automotive industry, the textile & leather industry, the furniture, and upholstery industry, and so on. This can primarily be attributed to their growing economy and the increase in quality of life. According to the Trade Promotion Council of India, the Indian domestic furniture market is expected to grow at a CAGR of 12.91% while China is the leading exporter of furniture products with a global share of 37.5%. A total of 29.8 million passenger vehicles were produced in these countries which accounts for 53.4% of total passenger vehicles produced globally, as stated by Organisation Internationale des Constructeurs d’Automobiles (OICA). Dimethylolpropionic acid is used in a variety of coating and adhesive solutions in these industries and as such, the demand for the Dimethylolpropionic Acid (DMPA) Market has significantly grown in the Asia-Pacific region.

Dimethylolpropionic Acid (DMPA) Market Drivers

Significant growth of the automotive industry & textile industry:

The demand for the automotive industry and textile industry has observed a significant hike in 2021 and is forecasted to grow significantly larger within the forecast period of 2022-2027. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the global total production of cars, LCVs, HCVs, and heavy buses in 2021 is 40,338,536 as opposed to 31,223,533 in 2020. According to India Brand Equity Foundation (IBEF), India’s home textile exports grew by 9% in FY 2021 despite the Pandemic. The Dimethylolpropionic Acid (DMPA) Market is an essential provider to the automotive industry as well as the textile industry. As such, the demand for the Dimethylolpropionic Acid (DMPA) Market is also expected to grow within the forecast period.

Dimethylolpropionic Acid (DMPA) Market Challenges

Availability of substitutes:

Dimethylpropionic acid has a wide variety of substitutes that are used to produce and add various effects to coatings and adhesives. Some common examples are trimethylolethane (TME), trimethylolpropane (TMP), 2,4-dimethoxylbenzaldehyde (DMBA), and so on. TME and TMP are both used in the production of polyester & alkyd resins and are used in the synthesis of coatings. They are also used for stabilizing plastics and are known for their resistance to alkali and heat. These products pose a threat to the Dimethylolpropionic Acid (DMPA) Market and hence prove to be a challenge to the growth of the market.

Dimethylolpropionic Acid (DMPA) Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Dimethylolpropionic Acid (DMPA) Market. The key companies in the Dimethylolpropionic Acid (DMPA) Market are:

  1. GEO Specialty Chemicals, Inc.
  2. Perstorp Specialty Chemicals AB
  3. Henan Tianfu Chemical Co. Ltd.
  4. Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd.
  5. Shenzhen Vtolo Chemicals Co., Ltd.
  6. CD Bioparticles
  7. Merck
  8. Yigyooly Enterprise Limited
  9. Jiangxi Selon Industrial Co.,Ltd.
  10. Biosynth Carbosynth

Recent Developments

  • In September 2019, CPS Performance Materials, a diversified specialty chemicals group, acquired GEO Specialty Chemicals, a supplier of specialty chemicals and materials to the coatings, adhesives, medical, water treatment & construction market.
  • In April 2021, Perstorp Specialty Chemicals AB increased the price of their Dimethylolpropionic Acid offering, Bis-MPA, to counteract inflation in global supply-chain costs.

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1. Dimethylolpropionic Acid (DMPA) Market- Market Overview
    1.1 Definitions and Scope
2. Dimethylolpropionic Acid (DMPA) Market - Executive Summary
    2.1 Key Trends by Application
    2.2 Key Trends by End-Use Industry
    2.3 Key Trends by Geography
3. Dimethylolpropionic Acid (DMPA) Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Dimethylolpropionic Acid (DMPA) Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Dimethylolpropionic Acid (DMPA) Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Dimethylolpropionic Acid (DMPA) Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Dimethylolpropionic Acid (DMPA) Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Dimethylolpropionic Acid (DMPA) Market – By Application (Market Size -$Million/Billion)
    8.1 Polyurethane Dispersion
    8.2 Adhesives & Sealants
    8.3 Alkyd Resins
    8.4 Architectural Coatings
    8.5 Automotive & Industrial Coatings
    8.6 Polyester Resins
    8.7 Wood & Leather Finishes
    8.8 Others
9. Dimethylolpropionic Acid (DMPA) Market – By End-Use Industry (Market Size -$Million/Billion)
    9.1 Paints & Coatings
    9.2 Building & Construction
    9.3 Automotive Industry
    9.4 Textile and Leather
    9.5 Industrial
    9.6 Furniture and Upholstery
    9.7 Others
10. Dimethylolpropionic Acid (DMPA) Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zealand
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Dimethylolpropionic Acid (DMPA) Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Dimethylolpropionic Acid (DMPA) Market – Industry / Segment Competition landscape Premium Premium
    12.1 Company Benchmarking Matrix – Major Companies
    12.2 Market Share at Global Level - Major companies
    12.3 Market Share by Key Region - Major companies
    12.4 Market Share by Key Country - Major companies
    12.5 Market Share by Key Application - Major companies
    12.6 Market Share by Key Product Type/Product category - Major companies
13. Dimethylolpropionic Acid (DMPA) Market – Key Company List by Country Premium Premium
14. Dimethylolpropionic Acid (DMPA) Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies"

LIST OF TABLES

1.Global Dimethylolpropionic Acid Market Competitive Landscape Market 2019-2024 ($M)
1.1 Geo Specialty Chemicals, Inc Market 2019-2024 ($M) - Global Industry Research
1.2 Perstorp Specialty Chemical Ab Market 2019-2024 ($M) - Global Industry Research
1.3 Henan Tianfu Chemical Co Ltd Market 2019-2024 ($M) - Global Industry Research
1.4 Jiangxi Nancheng Hongdu Chemical Technology Development Co , Ltd Market 2019-2024 ($M) - Global Industry Research
1.5 Shenzhen Vtolo Chemical Co , Ltd Market 2019-2024 ($M) - Global Industry Research
2.Global Dimethylolpropionic Acid Market Competitive Landscape Market 2019-2024 (Volume/Units)
2.1 Geo Specialty Chemicals, Inc Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Perstorp Specialty Chemical Ab Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Henan Tianfu Chemical Co Ltd Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Jiangxi Nancheng Hongdu Chemical Technology Development Co , Ltd Market 2019-2024 (Volume/Units) - Global Industry Research
2.5 Shenzhen Vtolo Chemical Co , Ltd Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Dimethylolpropionic Acid Market Competitive Landscape Market 2019-2024 ($M)
3.1 Geo Specialty Chemicals, Inc Market 2019-2024 ($M) - Regional Industry Research
3.2 Perstorp Specialty Chemical Ab Market 2019-2024 ($M) - Regional Industry Research
3.3 Henan Tianfu Chemical Co Ltd Market 2019-2024 ($M) - Regional Industry Research
3.4 Jiangxi Nancheng Hongdu Chemical Technology Development Co , Ltd Market 2019-2024 ($M) - Regional Industry Research
3.5 Shenzhen Vtolo Chemical Co , Ltd Market 2019-2024 ($M) - Regional Industry Research
4.South America Dimethylolpropionic Acid Market Competitive Landscape Market 2019-2024 ($M)
4.1 Geo Specialty Chemicals, Inc Market 2019-2024 ($M) - Regional Industry Research
4.2 Perstorp Specialty Chemical Ab Market 2019-2024 ($M) - Regional Industry Research
4.3 Henan Tianfu Chemical Co Ltd Market 2019-2024 ($M) - Regional Industry Research
4.4 Jiangxi Nancheng Hongdu Chemical Technology Development Co , Ltd Market 2019-2024 ($M) - Regional Industry Research
4.5 Shenzhen Vtolo Chemical Co , Ltd Market 2019-2024 ($M) - Regional Industry Research
5.Europe Dimethylolpropionic Acid Market Competitive Landscape Market 2019-2024 ($M)
5.1 Geo Specialty Chemicals, Inc Market 2019-2024 ($M) - Regional Industry Research
5.2 Perstorp Specialty Chemical Ab Market 2019-2024 ($M) - Regional Industry Research
5.3 Henan Tianfu Chemical Co Ltd Market 2019-2024 ($M) - Regional Industry Research
5.4 Jiangxi Nancheng Hongdu Chemical Technology Development Co , Ltd Market 2019-2024 ($M) - Regional Industry Research
5.5 Shenzhen Vtolo Chemical Co , Ltd Market 2019-2024 ($M) - Regional Industry Research
6.APAC Dimethylolpropionic Acid Market Competitive Landscape Market 2019-2024 ($M)
6.1 Geo Specialty Chemicals, Inc Market 2019-2024 ($M) - Regional Industry Research
6.2 Perstorp Specialty Chemical Ab Market 2019-2024 ($M) - Regional Industry Research
6.3 Henan Tianfu Chemical Co Ltd Market 2019-2024 ($M) - Regional Industry Research
6.4 Jiangxi Nancheng Hongdu Chemical Technology Development Co , Ltd Market 2019-2024 ($M) - Regional Industry Research
6.5 Shenzhen Vtolo Chemical Co , Ltd Market 2019-2024 ($M) - Regional Industry Research
7.MENA Dimethylolpropionic Acid Market Competitive Landscape Market 2019-2024 ($M)
7.1 Geo Specialty Chemicals, Inc Market 2019-2024 ($M) - Regional Industry Research
7.2 Perstorp Specialty Chemical Ab Market 2019-2024 ($M) - Regional Industry Research
7.3 Henan Tianfu Chemical Co Ltd Market 2019-2024 ($M) - Regional Industry Research
7.4 Jiangxi Nancheng Hongdu Chemical Technology Development Co , Ltd Market 2019-2024 ($M) - Regional Industry Research
7.5 Shenzhen Vtolo Chemical Co , Ltd Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
2.Canada Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
3.Mexico Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
4.Brazil Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
5.Argentina Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
6.Peru Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
7.Colombia Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
8.Chile Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
9.Rest of South America Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
10.UK Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
11.Germany Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
12.France Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
13.Italy Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
14.Spain Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
15.Rest of Europe Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
16.China Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
17.India Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
18.Japan Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
19.South Korea Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
20.South Africa Dimethylolpropionic Acid Market Revenue, 2019-2024 ($M)
21.North America Dimethylolpropionic Acid By Application
22.South America Dimethylolpropionic Acid By Application
23.Europe Dimethylolpropionic Acid By Application
24.APAC Dimethylolpropionic Acid By Application
25.MENA Dimethylolpropionic Acid By Application