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.
According to this study, over the next five years the Trimethylolpropane (TMP) market will register a 2.5% CAGR in terms of revenue, the global market size will reach US$ 620 million by 2024, from US$ 550 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Trimethylolpropane (TMP) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Trimethylolpropane (TMP) market by product type, application, key manufacturers and key regions and countries.
This study considers the Trimethylolpropane (TMP) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Aldehyde Hydrogenation Obtained
Sodium Formate Processed Trimethylolpropanes
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Plastic Industry
Synthetic Lubricants
Pigment Coating
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Perstop
Lanxess
Oxea
BASF
Polioli
Mitsubishi Gas Chemical
Chang Chun Group
Baichuan Chemical Industrial
Kosin Organics
Jilin Petrochemical
Hbyihua
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Trimethylolpropane (TMP) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Trimethylolpropane (TMP) market by identifying its various subsegments.
Focuses on the key global Trimethylolpropane (TMP) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Trimethylolpropane (TMP) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Trimethylolpropane (TMP) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Trimethylolpropane (TMP) . Industry analysis & Market Report on Trimethylolpropane (TMP) is a syndicated market report, published as Global Trimethylolpropane (TMP) Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Trimethylolpropane (TMP) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.