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Trimethylolpropane (TMP) Market Size, Share, Development by 2024– Top Key players like Perstop,Lanxess,Oxea,Inc.
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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.
Market Segment by Manufacturers, this report covers
Perstop
Lanxess
Oxea
BASF
Polioli
Mitsubishi Gas Chemical
Chang Chun Group
Baichuan Chemical Industrial
Kosin Organics
Jilin Petrochemical
Hbyihua
Market Segment by Type, covers
Aldehyde Hydrogenation Obtained
Sodium Formate Processed Trimethylolpropanes
Market Segment by Applications, can be divided into
Plastic Industry
Synthetic Lubricants
Pigment Coating
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Related Information:
North America Trimethylolpropane (TMP) Market Growth 2019-2024
United States Trimethylolpropane (TMP) Market Growth 2019-2024
Asia-Pacific Trimethylolpropane (TMP) Market Growth 2019-2024
Europe Trimethylolpropane (TMP) Market Growth 2019-2024
EMEA Trimethylolpropane (TMP) Market Growth 2019-2024
Global Trimethylolpropane (TMP) Market Growth 2019-2024
China Trimethylolpropane (TMP) Market Growth 2019-2024
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