Los Angeles, CA -- (SBWire) -- 04/12/2019 --Trimethylolpropane is a trifunctional alcohol with a wide spectrum of applications in the chemical industry, e.g. for the synthesis of alkyd and polyester resins, synthetic lubricants, PU-foams and lacquers or glues and adhesives. Furthermore trimethylol propane is used for the production of dyestuffs, pigments, paints and silicone products.
The trimethylolpropane market is highly concentrated. The numbers of major manufacturer in this field would be no more than 50. For the past 20 years, trimethylolpropane has been a niche market, and advanced technology and sufficient raw material supply is vital in this industry. Consequently, only limited countries are able to produce trimethylolpropane in their own land. Regionally, Europe, USA and China are the main production base of trimethylolpropane, with Japan can also supply slight amount.
As a kind of fine chemical, the production of trimethylolpropane highly relies on the downstream demand. Pigment coating is the dominant use of TMP, with plastic industry and lubricant also consume a large amount. Perstorp, Lanxess and Oxea are the leading manufacturers of TMP with advanced technology. As China has been increasingly important in this field, China companies like Baichuan Chemical, Kosin and Jilin Petrochemical are also showing as competitive suppliers in this field.
The global Trimethylolpropane (TMP) market was 550 million US$ in 2018 and is expected to 660 million US$ by the end of 2025, growing at a CAGR of 2.7% between 2019 and 2025.
This report studies the Trimethylolpropane (TMP) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Trimethylolpropane (TMP) in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Perstop
Lanxess
Oxea
BASF
Polioli
Mitsubishi Gas Chemical
Chang Chun Group
Baichuan Chemical Industrial
Kosin Organics
Jilin Petrochemical
Hbyihua
By the product type, the market is primarily split into
Aldehyde Hydrogenation Obtained
Sodium Formate Processed Trimethylolpropanes
By the end users/application, this report covers the following segments
Plastic Industry
Synthetic Lubricants
Pigment Coating
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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Trimethylolpropane Market Growing at 2.70% CAGR Will Hit 660 Million US$ in 2025