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Dimethylolpropionic Acid Market<br>
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DIMETHYLOLPROPIONIC ACID MARKET ANALYSIS Dimethylolpropionic Acid Market, By Application (Polyurethane Dispersions, Resin Coatings, Others), and By Region (North America, Latin America, Europe, Asia-pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
Market Overview • 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). • Market Drivers 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
Market & Opportunities Restraints The hazardous environmental effect of polyurethane dispersion is projected to restrict the use 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
Figure 3. Global Dimethylolpropionic Acid Market, Revenue Share (%), By Application, In 2019
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 NanchengHongdu Chemical Technology Development Co., Ltd., and Shenzhen Vtolo Chemicals Co., Ltd. • Perstorp • In November 2019, Perstorp, a global leader in the specialty chemicals market, has announced the extension of its Ymernonionic 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.
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