Dimethylolpropionic Acid Market

Dimethylolpropionic Acid (DMPA) Market– Growth in polyurethane dispersion coupled with intensifying penetration of powder coating in automobile industry: Global Industry Analysis and Opportunity Assessment 2014 – 2020

Dimethylolpropionic acid is a free flowing white crystalline solid consisting of one tertiary carboxylic group and two hydroxyl groups. The carboxylic acid group is less reactive and hence, DMPA act as a diol. The free acid group promotes resin water solubility, eases the introduction of a polar group in order to improve coating adhesion and synthetic fibre dye receptivity. In addition, the free acid group also increases the alkali solubility of deposited films, which finds numerous applications in processing of water soluble resins. The key raw materials for producing DMPA are formaldehyde and propionaldehyde. DMPA is most widely used in Polyurethane Dispersions (PUDs) in order to improve hydrophilic properties of polyurethane polymer. PUDs is further used in applications such as adhesives, glass fibre sizing, automotive topcoats, wood finishing and other such applications. In resin coating application, DMPA is used in water soluble alkyd resins and polyester resins for improved hydrolytic stability, minimal coupling solvent. DMPA improves early water spot resistance in air dried resins. In powder coatings application, DMPA is used in epoxy-polyester systems to improve gloss, impact resistance and flow properties and flexibility of coatings. Usage of DMPA in electrodeposition coatings improves the cure response and enables the resin to be water soluble. Overall revenue of the powder coating market is witnessing substantial growth. Appliances industry is the foremost end-user of powder coating, accounting for over 20% share. The automobile industry is the fastest growing end-user of powder coating, owing to which demand for powder coating is projected to increase at a CAGR of 6.5% during the forecast period. This in turn is expected to fuel demand for DMPA. Increasing urbanisation, changing lifestyles and growing building and construction industry is bolstering growth of the global polyester resin market. The global polyester resin market recorded revenue of US$ 10.98 Bn in 2014, which is anticipated to increase at a CAGR of 7.3% during the forecast period. Availability of large number of substitutes for DMPA such as TMP, TME and DMBA are available at a lower cost and thus pose a threat to growth of the global DMPA market. DMBA holds one tertiary carboxylic acid group and two reactive hydroxyl groups, which is similar to DMPA. Over the past few years, penetration of DMBA in the polyurethane dispersion industry has increased at a faster rate in comparison to DMPA. This continues to negatively impact demand for DMPA, prompting some manufacturers globally to shut down plants.

Drivers & Trends

Growing polyurethane dispersion industry, especially in developing economies, coupled with intensifying penetration of powder coatings in the automobile industry is fuelling demand for DMPA. Demand for DMPA is also driven by the substantial increase in application in polyurethane dispersions, primarily in Asia Pacific Excluding Japan (APEJ).

Also, increasing application of powder coatings in the automobile industry and increasing investments in the polyesters resins market is driving growth of the global DMPA market.

DMPA is primarily used in the manufacture of polyurethane dispersions and resins. However, it also finds application in the production of various products such as printing inks and photographic chemicals. Over the past two years, demand for these products has increased substantially across the globe. This in turn is likely to fuel growth of the global DMPA market in the near future

Analysis by Geography

Geographically, the global Dimethylolpropionic Acid (DMPA) market is segmented into seven regions: North America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East and Africa (MEA), Latin America and Japan, of which the most prominent regional markets are Western Europe and APEJ, which together constituted around 58.4% of the revenue in 2014.

APEJ market is expected to remain dominant in the global DMPA market throughout forecast period, 2014–2020, owing to increasing consumption in the concerned region. MEA region is expected to witness a moderate increase in Y-o-Y growth rate over the forecast period. Increased investments in the chemicals and petrochemicals industry is also expected to contribute to growth of the DMPA market in the region.

The market in the North America is expected to account for US$ 14.0 Mn by 2020 end, from US$ 9.1 Mn in 2013, expanding at a CAGR of 6.8% over the forecast period. Demand for DMPA in Latin America is expected to increase significantly due to increasing applications in protective coatings, wherein PUDs and resins are used. Demand for DMPA from developed countries in Western Europe such as Germany, Italy, France and the U.K. was second highest as compared to countries in other regions in 2014. Europe was second largest in terms of manufacturing capacity of polyurethane dispersions, wherein Western European countries accounted for higher manufacturing capacity as compared to Eastern European countries in 2014. Owing to increased production of PUDs, demand for DMPA was high in Western Europe.

Dimethylolpropionic Acid Market

This Future Market Insights report examines the ‘Global Dimethylolpropionic Acid (DMPA)” market for the period 2014-2020. The primary objective of the report is to offer updates on DMPA market and its various applications. The report highlights the market opportunities in the global DMPA market. 

DMPA is a compound with one tertiary carboxylic group and two hydroxyl groups. Carboxylic acid group is less reactive, hence DMPA reacts as a diol. The free acid group promotes resin water solubility, eases the introduction of a polar group in order to improve coating adhesion and synthetic fibre dye receptivity. In addition, the free acid group also increases the alkali solubility of deposited films. DMPA is in the form of white crystalline powder, with melting point between 170–180oC. 

Substantial growth in production of polyurethane dispersion primarily in APAC, growing penetration of powder coating in automobile industry and growing investments in polyester resin market are some of the drivers of global DMPA market. The report also depicts some of the major challenges of the market such as availability of low cost substitutes such as trimethylolpropane (TMP), timethylolethane (TME) and dimethylol butanoic acid (DMBA) and price volatility.

The report starts with an overview of DMPA market across the globe. The report also depicts the marketing strategies undertaken by the key market players which is significantly transforming the DMPA market. This study analyses the DMPA market from supply perspective, in terms of revenue (US$ Mn) during the forecast period 2014-2020. The report also includes the analysis of key trends, drivers, restraints and their impact analysis. Impact analysis of key growth drivers and inhibitors based on the weighted average model providing a crystal clear decision making insights to the clients.

The next section of the report analyses the DMPA market based on applications and presents the forecast in terms of value for the forecast period. DMPA is most widely used in Polyurethane Dispersions (PUDs) in order to improve hydrophilic properties of polyurethane polymer.  PUDs is further used in applications such as adhesives, glass fibre sizing, automotive topcoats, wood finishing and other such applications. The DMPA market has been broadly segmented as Polyurethane Dispersions, resins, powder coatings and electrodeposition coatings. In powder coatings, DMPA is used in epoxy-polyester systems to improve gloss, impact resistance and flow properties and flexibility of coatings and in electrodeposition coatings, usage of DMPA improves the cure response and enables the resin to be water soluble.

To understand and assess the opportunities in this market the report is categorically divided under various sections such as market analysis by regions (Western Europe, Eastern Europe, North America, APEJ, Japan, Latin America and Middle East & Africa); competitive landscape (inclusive of competition dashboard and company profiles) The report analyses the global DMPA devices market in terms of market value (US$ Mn).

Regions covered in the report include:

  • Eastern Europe
  • Western Europe
  • North America
  • APEJ
  • Japan
  • Latin America
  • MEA

To calculate the market size, the report considers various aspects based on both secondary and primary research. To arrive at appropriate market estimates, qualitative inputs and data points such as regional split and market split by applications have been incorporated from primary respondents. 

Some of the key inputs form primary respondents are as follows:

“Resins will be the fastest growing DMPA application by 2020 end.”

-Director of Strategic Sales 

“Growth in polyurethane dispersion industry, especially in developing economies, coupled with intensifying penetration of powder coating in the automobile industry is fuelling demand for DMPA.”

-Director of Sales 

“The market in APEJ will be most attractive, followed by Western Europe and North America. Also, APEJ will to be the fastest growing market for DMPA by 2020 end.”

 -Vice President 

The forecast assessment in the report assess the total revenue of DMPA market. The very first step is the market sizing of the current market, which forms the basis for the forecast of how the market is anticipated to take shape in the near future. Following the characteristics and assessing the current and future market trends, we triangulated the data via different analysis based on supply side and dynamics of related markets.

It is crucial to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the DMPA market.

Another key feature of this report is analysis of DMPA market forecast in terms of absolute dollar. Absolute dollar opportunity is very important in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global DMPA market.

Furthermore, to understand key growth segments in terms of growth & performance of DMPA market, Future Market Insight s developed market attractiveness index. The resulting index should help providers identify real market opportunities.

Few of the market players featured in the section include

  • Geo Specialty Chemicals, Inc.
  • Perstorp Specialty Chemicals AB
  • Henan Tianfu Chemical Co. Ltd. 
  • Shenzhen Vtolo Chemicals Co., Ltd.

Table Of Content

1. Executive Summary

2. Research Methodology

3. Assumptions & Acronyms Used

4. Global Dimethylolpropionic Acid Market Definition & Taxonomy

   4.1. Introduction

4.1.1. Market Definition

4.1.2. Market Taxonomy

5. Global Dimethylolpropionic Acid Market Overview

   5.1. Market Size (US$ Mn) & Y-O-Y Growth (%), 2013 – 2020

5.1.1. Incremental Opportunity, 2013 – 2020

   5.2. Market Size (Kilotonne) And Y-O-Y Growth (%), 2013 – 2020

6. Global Dimethylolpropionic Acid Market Dynamics

   6.1. Drivers & Restraints

   6.3. Impact Analysis Of Drivers & Restraints

7. Global Dimethylolpropionic Acid Market Analysis & Forecast, By Region

   7.1. Introduction

7.1.1. Y-O-Y Growth (%) Comparison

7.1.2. Bps Analysis

   7.2. North America Dimethylolpropionic Acid Market Analysis & Forecast, 2013 – 2020

7.2.1. Market Size (US$ Mn) Forecast & Y-O-Y Growth (%)

7.2.2. Incremental Opportunity

7.2.3. Market Size (Kilotonne) Forecast & Y-O-Y Growth

   7.3. Latin America Dimethylolpropionic Acid Market Analysis & Forecast, 2013 – 2020

7.3.1. Market Size (US$ Mn) Forecast & Y-O-Y Growth (%)

7.3.2. Incremental Opportunity

7.3.3. Market Size (Kilotonne) Forecast & Y-O-Y Growth

   7.4. Western Europe America Dimethylolpropionic Acid Market Analysis & Forecast, 2013 – 2020

7.4.1. Market Size (US$ Mn) Forecast & Y-O-Y Growth (%)

7.4.2. Incremental Opportunity

7.4.3. Market Size (Kilotonne) Forecast & Y-O-Y Growth

   7.5. Eastern Europe Dimethylolpropionic Acid Market Analysis & Forecast, 2013 – 2020

7.5.1. Market Size (US$ Mn) Forecast & Y-O-Y Growth (%)

7.5.2. Incremental Opportunity

7.5.3. Market Size (Kilotonne) Forecast & Y-O-Y Growth

   7.6. APEJ Dimethylolpropionic Acid Market Analysis & Forecast, 2013 – 2020

7.6.1. Market Size (US$ Mn) Forecast & Y-O-Y Growth (%)

7.6.2. Incremental Opportunity

7.6.3. Market Size (Kilotonne) Forecast & Y-O-Y Growth

   7.7. Middle East & Africa Dimethylolpropionic Acid Market Analysis & Forecast, 2013 – 2020

7.7.1. Market Size (US$ Mn) Forecast & Y-O-Y Growth (%)

7.7.2. Incremental Opportunity

7.7.3. Market Size (Kilotonne) Forecast & Y-O-Y Growth

   7.8. Japan Dimethylolpropionic Acid Market Analysis & Forecast, 2013 – 2020

7.8.1. Market Size (US$ Mn) Forecast & Y-O-Y Growth (%)

7.8.2. Incremental Opportunity

7.8.3. Market Size (Kilotonne) Forecast & Y-O-Y Growth

   7.9. Market Attractiveness Analysis By Region

8. Global Dimethylolpropionic Acid Market Analysis & Forecast, By Application

   8.1. Introduction

8.1.1. Y-O-Y Growth (%) Comparison

8.1.2. BPS Analysis

   8.2. Polyurethane Dispersions Segment Market Analysis & Forecast, 2013 – 2020

8.2.1. Market Size (US$ Mn) Forecast & Y-O-Y Growth (%)

8.2.2. Incremental Opportunity

8.2.3. Market Size (Kilotonne) Forecast & Y-O-Y Growth

   8.3. Resins Segment Market Analysis & Forecast, 2013 – 2020

8.3.1. Market Size (US$ Mn) Forecast & Y-O-Y Growth (%)

8.3.2. Incremental Opportunity

8.3.3. Market Size (Kilotonne) Forecast & Y-O-Y Growth

   8.4. Others Segment Market Analysis & Forecast, 2013 – 2020

8.4.1. Market Size (US$ Mn) Forecast & Y-O-Y Growth (%)

8.4.2. Incremental Opportunity

8.4.3. Market Size (Kilotonne) Forecast & Y-O-Y Growth

   8.5. Market Attractiveness Analysis By Application

9. Global Dimethylolpropionic Acid Market – Competitive Landscape

   9.1. Competition Dashboard

   9.2. Company Profile

9.2.1. Geo Specialty Chemicals, Inc.

9.2.2. Perstorp Specialty Chemicals AB

9.2.3. Henan Tianfu Chemical Co. Ltd.

9.2.4. Jiangxi Nancheng Hongdu Chemical Technology Development Co., Ltd.

9.2.5. Shenzhen Vtolo Chemicals Co., Ltd.

List of Tables

Table 1: Global DMPA Market Value (US$ Mn) Forecast By Region, 2013–2020

Table 2: Global DMPA Market Volume (Kilo Tonne) Forecast By Region, 2013–2020 

Table 3: Global DMPA Market Value (US$ Mn) Forecast By Application, 2014–2020

Table 4: Global DMPA Market Volume (Kilo Tonne) Forecast By Application, 2014–2020

List of Figures

Figure 1: Global DMPA Market Size in Value  (US$ Mn) and Y-o-Y Growth Forecast (%), 2013–2020

Figure 2: Global DMPA Market Incremental Opportunity (US$ Mn), 2013–2020

Figure 3: Global DMPA Market Size (Kilo Tonne) 2013–2020

Figure 4: Global DMPA Market Size in Volume Y-O-Y Growth Forecast (%), 2014–2020

Figure 5: Global DMPA Market Y-o-Y Growth (%) Comparison By Region 2014–2020

Figure 6: Global DMPA Market BPS Analysis By Region, 2015 & 2020

Figure 7: North America DMPA Market By Value (US$  Mn) and Y-o-Y Growth Forecast (%), 2013–2020

Figure 8: North America DMPA Market Incremental Opportunity (US$ Mn), 2013–2020

Figure 9: North America DMPA Market By Volume (Kilo Tonne), 2013–2020

Figure 10: North America DMPA Market Size Y-O-Y Growth Forecast (%), 2014– 2020

Figure 11: Latin America DMPA Market By Value (US$  Mn) and Y-o-Y Growth Forecast (%), 2013–2020

Figure 12: Latin America DMPA Market Incremental Opportunity (US$ Mn), 2013–2020

Figure 13: Latin America DMPA Market By Volume (Kilo Tonne), 2013–2020

Figure 14: Latin America DMPA Market Size Y-O-Y Growth Forecast (%), 2014–2020

Figure 15: Western Europe DMPA Market By Value (US$  Mn) and Y-o-Y Growth Forecast (%), 2013–2020

Figure 16: Western Europe DMPA Market Incremental Opportunity (US$ Mn), 2013–2020

Figure 17: Western Europe DMPA Market By Volume (Kilo Tonne), 2013–2020

Figure 18: Western Europe DMPA Market Size in Volume Y-O-Y Growth Forecast (%), 2014–2020

Figure 19: Eastern Europe DMPA Market By Value (US$  Mn) and Y-o-Y Growth Forecast (%), 2013–2020

Figure 20: Eastern Europe DMPA Market Incremental Opportunity (US$ Mn), 2013–2020

Figure 21: Eastern Europe DMPA Market By Volume (Kilo Tonne), 2013–2020

Figure 22: Eastern Europe DMPA Market Size in Volume Y-O-Y Growth Forecast (%), 2014–2020

Figure 23: APEJ DMPA Market By Value (US$  Mn) and Y-o-Y Growth Forecast (%), 2013–2020

Figure 24: APEJ DMPA Market Incremental Opportunity (US$ Mn), 2013–2020

Figure 25: APEJ DMPA Market By Volume (Kilo Tonne), 2013–2020

Figure 26: APEJ DMPA Market Size in Volume Y-O-Y Growth Forecast (%), 2014–2020

Figure 27: MEA DMPA Market By Value (US$  Mn) and Y-o-Y Growth Forecast (%), 2013–2020

Figure 28: MEA DMPA Market Incremental Opportunity (US$ Mn), 2013–2020

Figure 29: MEA DMPA Market By Volume (Kilo Tonne), 2013–2020

Figure 30: APEJ DMPA Market Size in Volume Y-O-Y Growth Forecast (%), 2014–2020

Figure 31: Japan DMPA Market By Value (US$ Mn) and Y-o-Y Growth Forecast (%), 2013–2020

Figure 32: Japan DMPA Market Incremental Opportunity (US$ Mn), 2013–2020

Figure 33: Japan DMPA Market By Volume (Kilo Tonne), 2013–2020

Figure 34: Japan DMPA Market Size in Volume Y-O-Y Growth Forecast (%), 2014–2020

Figure 35: Global DMPA Market Attractiveness By Region

Figure 36: Global DMPA Market Value Y-o-Y Growth (%)  Comparison By Application, 2014–2020

Figure 37: Global DMPA Market Value BPS Analysis By Application, 2015 & 2020

Figure 38: Global PUDs Application Segment Market Value (US$  Mn) and Y-o-Y Growth Forecast (%), 2013–2020

Figure 39: Global PUDs Application Segment Incremental Opportunity (US$ Mn), 2013–2020

Figure 40: Global PUDs Application Segment Volume (Kilo Tonne), 2013–2020

Figure 41: Global PUDs Application Segment Volume Y-o-Y Growth Forecast (%), 2014–2020

Figure 42: Global Resin Application Segment Market Value (US$  Mn) and Y-o-Y Growth Forecast (%), 2013–2020

Figure 43: Global Resin Application Segment Incremental Opportunity (US$ Mn), 2013–2020

Figure 44: Global Resin Application Segment Volume (Kilo Tonne), 2013–2020

Figure 45: Global Resin Application Segment Volume Y-o-Y Growth Forecast (%), 2014–2020

Figure 46: Global Others Application Segment Market Value (US$  Mn) and Y-o-Y Growth Forecast (%), 2013–2020

Figure 47: Global Others Application Segment Incremental Opportunity (US$ Mn), 2013–2020

Figure 48: Global Others Application Segment Volume (Kilo Tonne), 2013–2020

Figure 49: Global Others Application Segment Volume Y-o-Y Growth Forecast (%), 2014–2020

Figure 50: Global DMPA Market Attractiveness By Application, 2014–2020