Trimethylolpropane Market: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)

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Trimethylolpropane Market: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)

Status : March, 2020 | Chemical & Materials | PPT format

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Introduction

Trimethylolpropane is an organic compound that contains three hydroxyl group. It is widely used as a building block by the polymer industry. Trimethylolpropane is white in colour and solid at room temperature. It melts into a colourless liquid at 59oC and is soluble in water as well as organic solvents such as alcohols. However, it is not soluble in benzene. It is highly stable against light and other environmental influences. The structure of trimethylolpropane makes it well-balanced and flexible for use in products. Trimethylolpropane is highly stable against oxidation, hydrolysis and pyrolysis. It can improve the strength of a product and make it corrosion resistant. It is a widely used raw material for the production of alkyd resins, polyurethane coatings and for other high-end coatings. Trimethylolpropane can also be used in the manufacturing of various plasticizers, lubricants, heat insulators, surfactants, etc. It is also used in the production of paints, pigments and dyestuff. Trimethylolpropane is used in the electrical industry as it offers insulation. It is also used for making glues and adhesives. Trimethylolpropane is a key raw material in the production of Trimethylolpropane Methacrylate (TMPTM) and Trimethylolpropane Triacrylate (TMPTA). Due to its wide range of applications in various industries, its demand in the market is gaining traction. Increase in the demand for trimethylolpropane has led to a rise in its production.

Trimethylolpropane Market: Dynamics

The plastic and polymer industry is growing all over the world. As trimethylolpropane is a building block for plastic and polymer, its demand is also increasing. As there is rise in the demand for TMPTM and TMPTA, there is growth in the production of trimethylolpropane. Rise in population and urbanization is leading to the growth of the construction industry and the development of infrastructure, which is contributing to the growth of the paints & coating industry. This is also boosting the demand for trimethylolpropane. Moreover, the growth of the textile, cosmetic and printing industries is also boosting the trimethylolpropane market.

The growth of the petroleum and lubricants market is propelling the trimethylolpropane market as it is used as a fuel additive as well as for the production of lubricants. The growth of the automotive industry is also leading to an increase in the demand for coatings, which is, in turn, boosting the market for trimethylolpropane. In addition, as trimethylolpropane is used for producing insulating wires and cables, its demand is increasing owing to the growth of the electrical industry. Its high stability and flexibility along with its non-corrosive nature has boosted its value in the global market.

However, as it is flammable, it requires proper handling and storage. Its storage facility needs proper ventilation and safety measures. These can act as restraining factors for the market. 

Trimethylolpropane Market: Segmentation

The global trimethylolpropane market can be segmented on the basis of its application in various industries, which include the following:

  • Polymer and Plastic industry
  • Paints and coating industry
  • Textile industry
  • Cosmetics
  • Fuel and Lubricants
  • Electrical industry

The global trimethylolpropane market can be segmented on the basis of its applications as follows:

  • Alkyd Resins
  • Emulsifier
  • Plasticizers
  • Polyester resins
  • Polyurethane resins
  • Acrylates
  • Silicon products
  • Electric insulation coating
  • Surfactants
  • Epoxy products
  • Fuel additives
  • Lubricants

Global trimethylolpropane market can also be segmented on the basis of its usage as a raw material in the production of the following:

  • Trimethylolpropane Triacrylate (TMPTA)
  • Trimethylolpropane Methaacrylate (TMPTM)
  • Trimethylolpropane Triesters (TMPTE)

Trimethylolpropane Market: Regional outlook

The plastic and polymer industry in China & India as well as other Asia Pacific countries is growing. The growth of these industries in North America, Latin America, Europe, Middle East and African countries has also been steady. Hence, there is huge demand for trimethylolpropane in these regions because it is a building block for polymer and a key component in plasticizer production. As it is a useful component in the paints and coating industry, its demand will be increase in proportion with the growth of the construction industry and infrastructure development. As population and urbanization is increasing in countries such as China & India, the construction industry in China, India and other Asia Pacific countries along with countries in Latin America is also expected to grow. Regions such as North America, Europe and the Middle East are mainly focused on the development of infrastructure. Therefore, these regions are potential markets for trimethylolpropane.

Trimethylolpropane Market: Market Participants

Some of the global participants in market are:

  • Perstorp Holding AB
  • Lanxess
  • OXEA GmbH
  • Polioli Spa
  • Chang Chun Group
  • BASF SE
  • Mitsubishi Gas Chemical Company, Inc.
  • Jiangxi Kosin Organic Chemical Co., Ltd.
  • Hubei Yihua Group Co., Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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