Press release
Dimethylolpropionic Acid (DMPA) Market Structure Analysis 2021-2031 | Top Players Geo Specialty Chemicals, Inc., Perstorp Specialty Chemicals AB, Henan Tianfu Chemical Co. Ltd.
The growing global demand for electrodeposition coatings particularly, arising from the metals production and processing sector is expected to positively influence market growth. Electro-deposition allows for low-cost production of coatings, while maintaining high performance standards, improving the functional properties of the material. Dimethylolpropionic acid is also widely used in electric appliances such as HVAC systems. Consequently, the use of associated coatings will drive growth over the forecast period.
ESOMAR-certified market analysis and consulting company Future Market Insights (FMI) delivers insights into key factors driving the dimethylolpropionic acid market in its latest report. Additionally, an evaluation of the effect of the COVID-19 pandemic on the dimethylolpropionic acid market in general, and an analysis of sales in 20+ high-growth markets and relevant end-use industries has been provided in the report.
Download FREE Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-339
What are the Leading Challenges Faced by Dimethylolpropionic Acid Manufacturers?
On one hand, the niche applications of DMPA have set up very positive expectations for the future of the market. However, manufacturers are expected to face a number of challenges in the near future to consolidate production and distribution operations.
The easy availability of numerous substitutes for DMPA including TME, TMP and DMBA, at relatively lower cost has emerged as a major threat to the growth of the global DMPA market. DMBA which is a tertiary carboxylic acid group and two reactive hydroxyl groups, is similar to DMPA in chemical characteristics.
In recent years, the rising penetration of DMBA in polyurethane dispersion applications has bolstered at adoption at a faster rate as compared to DMPA. This will continue to negatively impact demand for DMPA, which has resulted in some DMPA manufacturers around the world to shut down select operations. Research into widening the scope of applications in addition to strategic pricing will play key roles in the development of the market.
Get More Details @ https://www.futuremarketinsights.com/reports/dimethylolpropionic-acid-market
Dimethylolpropionic Acid Market - Competitive Landscape
Leading manufacturers in the moderately consolidated dimethylolpropionic acid market are focused increasingly on research and development efforts aimed towards portfolio expansion objectives, in addition to extensive efforts towards seeking strategic acquisitions and collaborations in the industry.
In September 2019, CPS Performance Materials announced the acquisition of GEO Specialty Chemicals, which will allow the company to expand its market portfolio, and special chemicals for personal care and nutrition applications.
In April 2021, CD Bioparticles introduced a series of dendrimers, including DMPA-G1-TMP-Azide, DMPA-G1-TMP-Acetylene, DMPA-G1-TMP-NHBOC, and DMPA-G1-TMP-Carboxyl for applications in coatings, theranostics adhesives, biosensors, and optics.
Waters™ leading chromatography data software (CDS), Empower™, with the introduction of Metrohm Ion Chromatograph, for applications in universal software platform, aimed towards faster sample turnaround.
Future Market Insights has also analyzed the following players in the dimethylolpropionic acid market in its detailed report*:
• 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.
Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-339
Dimethylolpropionic Acid (DMPA) Market Key Segments
Product Type
• Polyurethane dispersion
• Resins
• Powder Coating
• Electrodeposition Coatings
Application
• Adhesive
• Glass fiber sizing
• Automotive Topcoat
• Wood Finishing
• Others
As per the Future Market Insights report, the covid-19 pandemic cut into the short-term rate of growth in the dimethylolpropionic acid industry. However, the market is expected to witness a steady recovery through 2021 with an estimated CAGR between 7% and 10%. Countries across the Asia Pacific excluding Japan region will remain major contributors to growth. Increasing awareness and rapid adoption of polyurethane dispersion processes in the United States will provide major impetus to developments of the market in the near future.
Feel free to ask your queries at https://www.futuremarketinsights.com/ask-question/rep-gb-339
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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.
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