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 : November, 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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?