Trimethyl Pentanediol Monoisobutyrate Market Introduction;
- Trimethyl pentanediol monoisobutyrate is a colorless liquid with a mild characteristic odor. It is the premier coalescent for latex paints. Trimethyl pentanediol monoisobutyrate is also known as texanol. It performs well in all types of latex paints, in a variety of weather conditions, and over substrates with different levels of porosity.
- Trimethyl pentanediol monoisobutyrate is manufactured by the self-condensation process of dry, acid-free isobutyraldehyde in the presence of sodium isobutoxide. The mixture is then washed with water to remove other chemicals formed during the reaction and the remaining liquid is trimethyl pentanediol monoisobutyrate.
- In terms of application, the global trimethyl pentanediol monoisobutyrate market can be segmented into latex paints, solvents, oil-drilling muds, wood preservative carriers, ore flotation, floor polishes, and others. The latex paints segment is expected to expand at a rapid pace during the forecast period. Consumption of trimethyl pentanediol monoisobutyrate is increasing in latex paints primarily due to its non-yellowing and non-chipping properties.
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Key Drivers of Trimethyl Pentanediol Monoisobutyrate Market
- Increase in demand for trimethyl pentanediol monoisobutyrate in the paint industry is projected to augment the global trimethyl pentanediol monoisobutyrate market during the forecast period. Trimethyl pentanediol monoisobutyrate provides the highest level of film integrity at low levels of coalescent, thus enhancing the performance properties of the paint including low temperature coalescence, touch-up, scrub resistance, washability, color development, thermal flexibility, and resistance to mud cracking. Trimethyl pentanediol monoisobutyrate also enhances the thickening efficiency of paints when used with associative thickeners.
- Rapid growth in the construction industry is anticipated to boost the global trimethyl pentanediol monoisobutyrate market during the forecast period. Demand for trimethyl pentanediol monoisobutyrate formulations is increasing, especially in the construction industry, due to their environment compliant properties. Trimethyl pentanediol monoisobutyrate is used in exteriors as well as interiors of residential and commercial buildings.
Trimethyl Pentanediol Monoisobutyrate Market Restraints
- High cost of raw materials is projected to hamper the global trimethyl pentanediol monoisobutyrate market. Raw materials such as isobutyraldehyde and sodium isobutoxide are used in the preparation of trimethyl pentanediol monoisobutyrate. The prices of these raw materials are considerably high. This raises the overall production cost of trimethyl pentanediol monoisobutyrate.
- Stringent environmental regulations and lack of universal directives pertaining to applications of trimethyl pentanediol monoisobutyrate are likely to hamper the trimethyl pentanediol monoisobutyrate market. Stringent environment regulatory measures have been imposed on the usage of trimethyl pentanediol monoisobutyrate due to a rise in environmental concerns across the globe. Compliance with these regulations is mandatory and often tedious for various market players. This can discourage investment in the trimethyl pentanediol monoisobutyrate the market, thereby adversely affecting the market growth.
COVID-19 Impact on Trimethyl Pentanediol Monoisobutyrate Market
- The global trimethyl pentanediol monoisobutyrate market includes major tier I and II manufacturers and suppliers such as OXEA, Eastman Corporation, Univar Solutions, Hallstar, Eastman Chemical Company, and Honeywell International Inc. Manufacturing facilities of these manufacturers and suppliers are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these market players have curtailed their production output over the last few months due to the COVID-19 pandemic. The pandemic has led to lower demand and supply chain bottlenecks. Thus, demand for trimethyl pentanediol monoisobutyrate is estimated to decline in 2020.
- Supply chains of global the trimethyl pentanediol monoisobutyrate market have been disrupted by the COVID-19 pandemic in key countries such as China, India, Japan, the U.S., and Germany. Demand for trimethyl pentanediol monoisobutyrate is projected to decline in the near future due to uncertainty in the global economy and capital markets
Asia Pacific to Hold Major Share of Trimethyl Pentanediol Monoisobutyrate Market
- Based on region, the global trimethyl pentanediol monoisobutyrate market can be classified into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America
- In terms of consumption, Asia Pacific is projected to hold major share of the global market during the forecast period owing to rapid expansion in packaging and construction industries and rise in technological advancements in the paints industry in the region. The construction industry is expanding at a rapid pace in China, India, Japan, ASEAN, and countries in Southeast Asia owing to growth in per capita income and rise in infrastructure spending.
- China is major country of the trimethyl pentanediol monoisobutyrate market in Asia Pacific owing to availability of low cost labor and lenient regulations by various regulatory authorities
- The market in North America is expected to expand at a significant pace during the forecast period owing to favorable government regulations and rise in demand for trimethyl pentanediol monoisobutyrate in the coatings industry. Demand for trimethyl pentanediol monoisobutyrate is increasing in the paints & coatings industry in the region due to rise in renovation and reconstruction of old buildings.
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Prominent Players in Trimethyl Pentanediol Monoisobutyrate Market
Major players operating in the global trimethyl pentanediol monoisobutyrate market are adopting various organic and inorganic growth strategies, such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development, to increase their regional presence and business operations. Key players operating in the market include:
- Eastman Corporation
- Univar Solutions
- Eastman Chemical Company
- Honeywell International Inc.
- Runtai Chemical Co.
- Shijiazhuang Xinlongwei Chemical Co., Ltd
- Paras Enterprises
- Wego Chemical Group
Trimethyl Pentanediol Monoisobutyrate Market, by Application
- Latex Paints
- Oil-drilling Muds
- Wood Preservative Carriers
- Ore Flotation
- Floor Polishes
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.