Dimethylolpropionic acid or DMPA is an organic compound that finds wide application as a curing agent in coatings, adhesives and binders. It helps impart excellent moisture resistance, water solubility and flex qualities. DMPA is used in construction materials such as tile adhesives, grout and floor finishing products. The global construction industry has witnessed steady growth over the past few years on account of rapid urbanization, infrastructure projects and rising spending power. Countries in Asia Pacific and Middle East are expected to drive significant construction activities in the coming years. The increasing use of advanced construction materials with desired properties has propelled the demand for DMPA.
The global Dimethylolpropionic Acid Market is estimated to be valued at US$ 603.65 Bn in 2024 and is expected to exhibit a CAGR of 21% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends fuelling growth in the global Dimethylolpropionic acid market size is its increasing consumption in concrete floor coatings. DMPA when added to concrete floor coatings helps improve adhesion, flexibility and freeze/thaw resistance of the finish. This has enabled wider use of coated concrete floors in commercial and residential infrastructure. Moreover, stringent environmental regulations regarding emission of volatile organic compounds from floor coatings is further boosting the replacement of traditional coating agents with bio-based and low VOC alternatives like DMPA. Leading coating manufacturers are focusing on developing advanced low odor and zero VOC flooring systems incorporating DMPA to capitalize on growth opportunities in the green building movement.
Segment Analysis
The global dimethylolpropionic acid market is dominated by the paints and coatings subsegment. Dimethylolpropionic acid finds wide application in manufacturing various paints and coating formulations due to its ability to act as an excellent crosslinking agent. It allows for the production of protective and durable paints and coatings with high-quality finishing. The growth of the paints and coatings industry across major economies is driving the demand for dimethylolpropionic acid.
Key Takeaways
The global dimethylolpropionic acid market is expected to witness high growth over the forecast period of 2024 to 2031.
Regional analysis: The Asia Pacific region dominates the global dimethylolpropionic acid market and is anticipated to maintain its leading position during the forecast period. This can be attributed to flourishing industries such as automotive, construction, and paints & coatings in China, India, Japan, and other developing Asian countries. The growing infrastructure development activities are further propelling the demand for dimethylolpropionic acid in the region.
Key players operating in the dimethylolpropionic acid market are Active Motif, Inc., Illumina, Inc., Life Technologies, Affymetrix, Inc., Agilent Technologies, Bio-Rad Laboratories, Inc., Qiagen, Knome, Inc., GE Healthcare, Geneva Bioinformatics SA, Quest Diagnostics, bitBiome, Inc., Intomics, Advanced BioInformatics GmbH, and Fios Genomics Ltd.
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Comprehensive Research on Global Dimethylolpropionic Acid Dmpa Market(By Types, By Applications, By Leading Regions and vital Players) by Crystal Market Research -Segments Outlook, Business evaluation, Competition Scenario, Trends and Forecast 2020-2027 Researches of significant facets of this Dimethylolpropionic Acid Dmpa Industry predicated on prevailing industry events, market demands, business strategy endorsed by Dimethylolpropionic Acid Dmpa market Prime players along with their growth scenario.Get Sample Report @ https://www.crystalmarketresearch.com/report-sample/CM116818Competitive Analysis of Dimethylolpropionic Acid Dmpa Market:Jiangxi JiYu New MaterialShanghai Daishang ChemicalDongyang Baihang ChemicalDongyang Tianyu ChemicalShijiazhuang Dowell ChemicalContinue...The report also exhibits the Top market players that are estimated on diverse parameters such as the manufacturers summary, revenue generation, product portfolio, and sales analysis of Dimethylolpropionic Acid Dmpa share in the forecast period.
Dimethylolpropionic Acid Dmpa Market is foreseen to encounter a significant expansion over the figure time span.Key Businesses Segmentation:Dimethylolpropionic Acid (DMPA) Market , By Type, Estimates and Forecast (2016-2027)Purity ≥98%Purity ≥99%Dimethylolpropionic Acid (DMPA) Market , By Application, Estimates and Forecast (2016-2027)Leather Finishing AgentsPaints & ResinsAdhesivesOthersDimethylolpropionic Acid (DMPA) Market By KeyRegional Overview:The report gives an overview of the Dimethylolpropionic Acid Dmpa Market mainly in the regions of North America, Europe, Asia-Pacific, South America and the Middle East and Africa.Report Highlights:1.
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Dimethylolpropionic Acid (DMPA) (CAS 4767-03-7) market is segmented by region (country), players, by Type, and by Application.
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The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Dimethylolpropionic Acid (DMPA) (CAS 4767-03-7) market is segmented into:Standard Grade Dimethylolpropionic AcidLow Sodium Dimethylolpropionic AcidFine Dimethylolpropionic AcidDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/58225/global-china-dimethylolpropionic-acid-2026-903Segment by Application, the Dimethylolpropionic Acid (DMPA) (CAS 4767-03-7) market is segmented into:Polyurethane DispersionsResinsPowder CoatingsPrinting InksLubricatsOthersRegional and Country-level Analysis:The Dimethylolpropionic Acid (DMPA) (CAS 4767-03-7) market is analysed and market size information is provided by regions (countries).The key regions covered in the Dimethylolpropionic Acid (DMPA) (CAS 4767-03-7) market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Dimethylolpropionic Acid (DMPA) (CAS 4767-03-7) Market Share Analysis:Dimethylolpropionic Acid (DMPA) (CAS 4767-03-7) market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
