Global Trimethylolethane Market Analysis and Forecast by 2023: Growing Demand and Impressive CAGR 5.3%

Global Industry Analysis

Trimethylolethane is an organic compound that belongs to the category of polyols. It is a colorless and odorless liquid that is soluble in water and other organic solvents. It is a widely used building block in the production of polyurethane resins, coatings, adhesives, and other related materials.

The global Trimethylolethane market was valued at USD 325.1 million in 2015 and is projected to grow at a CAGR of 5.3% from 2015 to 2023. The growth of the market can be attributed to the increasing demand for polyurethane-based products in various end-use industries such as automotive, construction, and furniture.

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Through a two-step process beginning with the condensation of propionaldehyde and formaldehyde, trimethylolethane is produced. The products of the process are then subjected to a Cannizzaro reaction, trimethylolethane, along with any excess formaldehyde, which is then removed using distillation under pressure. Trimethylolethane has a stable neopentyl structure, making it suitable for a variety of applications, including resins.

Applications in alkyd and polyester liquid resins make trimethylolethane ideal for architectural coatings, powder coatings, and coatings for the transportation and marine industries. This application largely dominates the use of trimethylolethane and is in demand across the globe. Excellent corrosion resistance, better abrasion resistance, and reduced discoloration of coating resins outperform similar compound groups. Trimethylolethane is also used to make oil-free polyester resins with excellent color retention.

Polyester prepared from trimethylolethane, siliconized to provide enhanced heat and weather resistance. Trimethylolethane is also one of the best compounds in the surface treatment of titanium dioxide, thereby improving its performance and providing resistance to heat discoloration. Trimethylolethane is also used in synthetic lubricants based on polyol esters. Other applications include solid-phase thermal storage media, making them suitable for applications such as insulating fabrics, solar energy storage devices, and more.   

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The major market for trimethylolethane and other neopentyl polyols is Western Europe, mainly owing to the use of trimethylolethane in the coatings industry, which has a high demand across several industries. China is one of the largest markets for the use of trimethylolethane in coatings. This application of trimethylolethane in coatings holds the largest share among all its other uses. The wide range of applications has enabled the trimethylolethane market to flourish in several countries across the globe.

Trimethylolethane-based alkyd resins exhibit better dry times and provide excellent strand performance, making them widely accepted compared to other polyols. These applications have a wide demand in Asian countries such as China and Japan. This will further drive the trimethylolethane market. Titanium dioxide is widely used in consumer products and industrial applications such as coatings, cardboard, plastics and adhesives. However, to make it suitable for many applications, surface treatment is required. Trimethylolethane is one of several compounds widely used in the surface treatment of titanium dioxide.

This makes the trimethylolethane market very important and the market is expected to witness steady growth. Overall, the growth of the trimethylolethane market is expected to be highest in the Asia Pacific and Middle East (RoW) regions, followed by countries in Europe and North America.  
Major companies operating in the global trimethylolethane market are GEO Specialty Chemicals, Inc. and Mitsubishi Gas Chemical Company, Inc. etc.  

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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