Report Studies Growth in Dimethylolpropionic Acid Market
VALLEY COTTAGE, NY - Future Market Insights (FMI) delivers key insights on the global dimethylolpropionic acid market in its upcoming report, titled Dimethylolpropionic Acid (DMPA) Market: Global Industry Analysis and Opportunity Assessment 2015–2020. According to the report, the global dimethylolpropionic acid (DMPA) market is projected to expand at a CAGR of over 8 percent during the forecast period (2015–2020), largely due to increasing demand for polyurethane dispersions. The report predicts that the global market for dimethylolpropionic acid is poised to bring in $115.9 million by 2020.
On the basis of application, the market has been segmented into polyurethane dispersions, resin coatings and others. The polyurethane dispersions applications segment is estimated to remain the largest application area for DMPA, accounting for over 80 percent share of global consumption in 2014. DMPA is most widely used in polyurethane dispersions (PUDs) in order to improve hydrophilic properties of polyurethane polymer. PUDs are also used in applications such as adhesives, glass fiber sizing, automotive topcoats, wood finishing and others.
The resin coatings application area also consumes a substantial amount of DMPA. DMPA is used in water-soluble alkyd resins and polyester resins for improved hydrolytic stability. DMPA improves early water-spot resistance in air-dried resins. Consumption of DMPA in both polyurethane dispersions and resin coatings applications is projected to expand at a CAGR between 7 to 10 percent through the forecast period. The “others” segment, which includes powder coatings, electrode position coatings, epoxy ester coatings and print inks, is expected to expand at a moderate CAGR of 5.4 percent during the forecast period and is expected to account for over $6 million by the end of 2025.
Growth of the global DMPA market is mainly driven by increasing demand for polyurethane dispersions along with demand for polyester and alkyd resins. Moreover, increasing demand for eco-friendly products and functional finishes are other factors driving growth of the DMPA market. According to the analysis, growth in the polyurethane dispersions industry, especially in developing economies, coupled with the increasing penetration of powder coating in the automobile industry, is bolstering demand for DMPA. The automotive industry is the fastest-growing end-user of powder coating, which is projected to increase at a CAGR of 6.5 percent during the forecast period. This in turn, is expected to fuel demand for DMPA.
The report covers trends that are driving growth of each segment and the respective sub-segments and offers analysis and insights on the potential of the DMPA market in specific regions. APEJ (Asia-Pacific except Japan) is expected to dominate the DMPA market, accounting for over 36 percent share of the overall market by the end of 2015 and is anticipated to remain dominant until the end of 2025. Western Europe is estimated to be the second-largest market, accounting for over 22 percent of market share by the end of 2015. Japan is estimated to account for over 8.9 percent of the total DMPA market by the end of 2015. The APEJ market is anticipated to expand at the highest CAGR during the forecast period, followed by Eastern Europe, due to increasing investment and economic development in these regions.
For additional information about this report, visit http://www.futuremarketinsights.com/reports/dimethylolpropionic-acid-market.
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