DIMETHYLOLPROPIONIC ACID MARKET ANALYSIS
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).
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 Trends
Growing investment in the chemical and petrochemical industry is expected to fuel the market growth of the dimethylolbutanoic acid over the forecast period. An increase in the production, as well as consumption of petrochemical products around the globe, is anticipated to foster market growth of dimethylolbutanoic acid over the forecast period.
Rising demand for eco-friendly due to growing environmental concerns among manufacturer is expected to fuel the market growth of the dimethylolbutanoic acid. Moreover, growing demand for protective coating from the agricultural equipment industry is also projected to foster the market growth of the dimethylolbutanoic acid over the forecast period.
Figure 3. Global Dimethylolpropionic Acid Market, Revenue Share (%), By Application, In 2019
Dimethylolpropionic Acid Market Report Snapshots
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