Trimethylolpropane (TMP) Market Research Report 2023

The global Trimethylolpropane (TMP) market was valued at US$ 602 million in 2022 and is anticipated to reach US$ 727 million by 2029, witnessing a CAGR of 2.7% during the forecast period 2023-2029.

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rimethylolpropane (TMP) Market
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 influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Trimethylolpropane (TMP) key players include Perstorp, Lanxess, Oxea, etc. Global top three manufacturers hold a share about 55%.
Europe is the largest market, with a share over 25%, followed by China, and USA, both have a share over 50 percent.
In terms of product, Sodium Formate Method is the largest segment, with a share nearly 90%. And in terms of application, the largest application is Coating Pigment, followed by Plastic Additives, Synthetic Lubricants, etc.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Trimethylolpropane (TMP), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Trimethylolpropane (TMP).
The Trimethylolpropane (TMP) market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Trimethylolpropane (TMP) market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Trimethylolpropane (TMP) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
-Aldehyde Hydrogenation Obtained
-Sodium Formate Processed Trimethylolpropanes

Segment by Application
-Coating Pigment
-Plastic Additives
-Synthetic Lubricants
-Others

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This release was published on openPR.