Global Market for Dimethylolpropionic Acid (DMPA): Dynamics
The demand for dimethylolpropionic acid in the automobile industry is increasing significantly on the basis of polyurethane dispersion industry (PUD) growth with a strong infiltration of powder coating. Besides, increasing application in polyurethane dispersions is boosting the demand for dimethylolpropionic acid in APEJ market. Automobile industry’s maximum usage of powder coatings and surging investments in polyester resins are driving the expansion of DMPA market in the global dimethylolpropionic acid market. Other than these, DMPA is also used in manufacturing photographic chemicals and printing inks. Depending upon all these above drivers, the report is estimating a significant development of the global dimethylolpropionic acid (DMPA) market throughout the forecast period.
Global Market for Dimethylolpropionic Acid (DMPA): Regional Outlook
On the basis of regional segmentation, the global market for dimethylolpropionic acid (DMPA) includes Western Europe, Eastern Europe, Latin America, North America, Japan, Middle East & Africa (MEA) and Asia-Pacific excluding Japan (APEJ). Among all other regions, the two most popular provinces Western Europe and Asia-Pacific excluding Japan (APEJ) jointly recorded a high revenue share of around 58.4% in 2014. As the rate of consuming this free acid is high, the market for dimethylolpropionic acid in APEJ region is estimated to rule over the global dimethylolpropionic acid market throughout the forecast period. Over the years, the market in Middle East and Africa is expecting an average growth. In addition, chemicals and petrochemicals industries are propelling the market growth in this region. North American market for dimethylolpropionic acid is estimating US$ 14.0 Mn by the end of 2020 with an expanded CAGR of 6.8%. Dimethylolpropionic acid is used for protective coating along with PUDs and resins, which is propelling the demand for dimethylolpropionic acid in Latin America significantly. Some developed countries including France, Italy, Germany and UK in Western Europe region were scored the second highest position in the global market.
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