Global DMPA Market Projected to Reach $974.5 Million by 2033, Growing at 6.4% CAGR: Future Market Insights

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Dimethylolpropionic Acid (DMPA) Market is Set to Reach US$ 974.5 Million at a CAGR of 6.4% During the Forecast Period of 2023 to 2033 | Future Market Insights, Inc.
(DMPA) Market, Forecast, CAGR, Future Market Insights, Global Market, Growth, Trends

Dimethylolpropionic Acid (DMPA) Market Set to Reach US$ 974.5 Million by 2033

The global market for dimethylolpropionic acid (DMPA) is expected to grow at a CAGR of 6.4% during the forecast period from 2023 to 2033, according to a recent report by Future Market Insights, Inc. The report states that the current market for DMPA is worth US$ 524 million and is set to reach US$ 974.5 million by 2033, driven by the increasing demand for DMPA in various end-use applications.

DMPA, also known as Bis-(hydroxymethyl) propionic acid, is a carboxylic acid that is widely used in the production of coatings, adhesives, and resins. It is a versatile chemical that offers excellent properties such as enhanced adhesion, flexibility, and durability to various products.

Growth Drivers

The DMPA market is expected to grow significantly during the forecast period due to several factors such as rising demand for eco-friendly coatings and adhesives, increasing investment in the construction industry, and growing demand for polyurethane and polyester resins.

DMPA finds widespread applications in the production of paints and coatings. It helps in improving the properties of coatings such as scratch resistance, water resistance, weatherability, and adhesion. The global market for paints and coatings is growing due to increasing demand from the construction and automotive sectors, which is expected to drive the growth of the DMPA market in the coming years.

DMPA is also widely used as a crosslinking agent in the production of adhesives, which are used in various industries such as automotive, construction, and packaging. The growing construction industry and increasing demand for flexible and durable adhesives are expected to drive the demand for DMPA in the adhesive industry.

Regional Analysis

Asia Pacific is the largest market for DMPA, accounting for over 45% of the global market share. The region is expected to grow at the highest CAGR during the forecast period due to the increasing demand for coatings and adhesives in China and India. Additionally, the growth of the construction industry in the region is also driving the demand for DMPA.

North America and Europe are also significant markets for DMPA, driven by the increasing demand for eco-friendly coatings and adhesives in the region. The regions are expected to grow at a moderate CAGR during the forecast period.

Key Players

The key players in the global DMPA market include BASF SE, Evonik Industries AG, Tianjin Kaihong Chemical Co. Ltd., Zhejiang Wynca Chemical Industry Group Co. Ltd., GEO Specialty Chemicals, and Solvay SA.

Conclusion

The global dimethylolpropionic acid (DMPA) market is set to grow significantly during the forecast period due to the increasing demand for eco-friendly coatings and adhesives, rising investment in the construction industry, and growing demand for polyurethane and polyester resins. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period, driven by the increasing demand for coatings and adhesives in China and India. The key players in the market are BASF SE, Evonik Industries AG, and Solvay SA, among others.

Company News & Blog

Protecting Composites with Coatings and Gel Coats

Evonik Industries, a global leader in specialty chemicals, has been at the forefront of innovation in the coatings and gel coats industry for decades. The company's cutting-edge solutions have helped protect various composites used in a wide range of applications, from yachts and pipes to wind turbine rotor blades. As industries continue to evolve and the demand for high-performance coatings and gel coats increases, Evonik remains committed to developing innovative solutions that meet the needs of its customers.With a rich history spanning over a century, Evonik has established itself as a reliable partner to customers across the globe. The company's portfolio of products and services caters to a wide range of applications across various industries, including coatings, adhesives, and sealants, construction, healthcare, personal care, and animal nutrition. Its customer-centric approach and commitment to excellence have won Evonik numerous accolades and recognition from different stakeholders across the industry.One of the areas where Evonik has made significant strides is in the coatings and gel coats industry. As composites continue to find wider applications across different industries, there is an increasing need to protect them from external elements such as sunlight, humidity, and abrasion. That's where coatings and gel coats come in. These products help protect the surface of composites and enhance their appearance, making them more durable and long-lasting. Evonik's high-performance coatings and gel coats are widely used in applications such as marine, automotive, aerospace, wind energy, and construction.In the marine industry, for instance, Evonik's coatings and gel coats are used to protect yachts from harsh seawater, UV radiation, and abrasion. These products help maintain the appearance of the yacht and protect it from corrosion and damage. In the automotive industry, Evonik's coatings and gel coats help improve the durability of car parts and enhance their appearance. These products are used on car bodies, chassis, wheels, and other parts exposed to external elements.In the wind energy industry, Evonik's coatings are used to protect the rotor blades of wind turbines from the effects of weather and wear and tear. These coatings enhance the aerodynamic properties of the blades and help improve their performance. In the construction industry, Evonik's coatings and gel coats are used to protect building facades, roofs, and floors from the elements and enhance their appearance.Evonik's coatings and gel coats portfolio comprises a wide range of products tailored to meet the specific needs of customers in different industries. The company's product portfolio includes solvent-borne, water-borne, and powder coatings, as well as gel coats, primers, surfacers, and topcoats. Evonik's coatings and gel coats are designed to provide excellent adhesion, hardness, scratch resistance, chemical resistance, and weathering resistance, among other properties.In addition to its product portfolio, Evonik offers a range of value-added services to help customers optimize their coatings and gel coats applications. The company's technical experts work closely with customers to understand their specific needs and provide customized solutions that help them improve productivity, reduce costs, and enhance the quality of their products.As industries continue to evolve and demand for innovative coatings and gel coats solutions grows, Evonik remains committed to investing in research and development to develop cutting-edge products that meet the evolving needs of its customers. The company's strong financial position and its commitment to sustainability ensure that it can continue to make a difference in the coatings and gel coats industry for decades to come.

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High-performing Water-based Polyurethane Coating System with Chemical and UV Resistance

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Waterborne technology has been around for a while, but with the increasing focus on sustainability, its demand has significantly increased in recent years. This technology involves creating coatings or paints that can be applied to various surfaces and materials to make them water-resistant, replacing the traditional solvent-based coatings. The use of waterborne technology has significant environmental benefits as it reduces the emission of volatile organic compounds (VOCs) into the atmosphere.One of the leading companies in the development and production of high-performance waterborne coatings is {A}. With over 50 years of experience in this field, {A} has established itself as a reliable and innovative solutions provider.{A}’s waterborne coatings are designed to be highly durable while also being environmentally friendly. They offer a range of coating solutions for various industries, including automotive, industrial, aerospace, and marine. The coatings have been extensively tested and are known for their excellent adhesion, corrosion resistance, and weatherability.One of the key benefits of {A}’s waterborne coatings is their ability to reduce VOC emissions. VOCs are hazardous air pollutants that can have adverse effects on human health and the environment. Traditional solvent-based coatings release high levels of VOCs into the atmosphere during the application process. In contrast, waterborne coatings emit very low levels of VOCs, making them a more sustainable option.Another benefit of {A}’s waterborne coatings is their ease of application. They can be applied using conventional spraying equipment, making the transition from solvent-based coatings to waterborne coatings easy for manufacturers.{A}’s commitment to sustainability extends beyond its products to its operations. The company is actively working to reduce its carbon footprint and water usage. In 2020, {A} launched its “30 by 2030” initiative, which aims to reduce its greenhouse gas emissions by 30% by 2030.In conclusion, {A}’s waterborne coating technology offers a sustainable and durable alternative to traditional solvent-based coatings. Its commitment to sustainability and innovation has positioned it as a leader in the field. As more industries prioritize sustainability, the demand for waterborne coatings is likely to continue to grow, and {A} is well-positioned to meet that demand.

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article about the benefits of using polyurethane tennis court coatings.Cardiff, Wales - Tennis enthusiasts in Cardiff and the surrounding areas are set to benefit from the latest advances in polyurethane technology as the city's sports facilities upgrade their courts to give players and spectators alike the best possible experience. Polyurethane coatings, which are known for their durability, resistance to wear and tear, and outstanding traction, are becoming increasingly popular among tennis court managers and players alike.Polyurethane coatings have been used in a wide range of industries for decades, including construction, automotive, packaging, and footwear. Today, this versatile polymer is making inroads into the world of sports surfaces. Polyurethanes are now being used in the production of polymeric (rubber) sports surfaces, which provide greater safety and performance benefits to tennis players.The installation of polyurethane coatings on tennis courts in Cardiff has been deemed necessary to help improve player safety and enhance the performance of the courts. Polyurethane coatings can help improve player traction and reduce the risk of injury. These coatings can also enable tennis players to play more consistently by providing a uniform playing surface.One of the leading brands of polyurethane coatings being used in the Cardiff sports facilities is (need to remove brand name). This coating is designed to enhance any sports surface, providing improved grip, slip resistance, and overall performance. The high-skid resistance of the (need to remove brand name) coating helps players maintain their footing on the court, reducing the likelihood of slips and injuries.Furthermore, the (need to remove brand name) coating is available in a wide range of colors that can be customized according to the specific needs of the sports facility. Whether the tennis court needs a bright, eye-catching appearance or a more subdued and professional look, (need to remove brand name) coating can be tailored to fit the requirements.This polyurethane coating is especially suited for outdoor sports surfaces. It is hard-wearing, and the coating is UV resistant, ensuring that it will retain its visibility and brightness even after years of exposure to the sun. In addition, the (need to remove brand name) coating is highly resistant to abrasion, ensuring that it maintains its grip and slip resistance even after prolonged use.The installation of polyurethane coatings on tennis courts in Cardiff has been praised by the city's sports enthusiasts and players. The polyurethane tennis court coating has helped enhance their playing experiences and provide a safe platform for them to enjoy their favorite sport."It's great to see the city's sports facilities are prioritizing the safety of tennis players by installing polyurethane coatings on their courts," says a spokesperson for the (need to remove brand name) company. "The company is proud to offer a high-quality coating that improves the performance of sports surfaces and ensures the safety of players."Polyurethane coatings are not only essential for the safety of players but are also beneficial to the environment. Polyurethane coatings can be applied using low-emission, solvent-free materials, helping reduce the environmental impact of sports facilities and their activities.In conclusion, the installation of polyurethane coatings on tennis courts in Cardiff is set to revolutionize the way tennis is played in the city. Polyurethane coatings offer unrivaled safety features, performance benefits, and environmental sustainability, making them an excellent choice for sports facilities worldwide. For anyone who wants to take their tennis game to the next level, polyurethane coatings are a must-have.

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