Global Trimethylolpropane Trimethacrylate Market: Overview
Trimethylolpropane trimethacrylate is a reactive trifunctional acrylic monomer. Acrylic monomer is an ester of acrylic and methacrylic acid. This trifunctional methacrylate is also known as triacrylate 2-Propenoic acid, trimethylolpropane, and 2-ethyl-2-[[(1-oxo-2-propenyl)oxy]methyl]-1,3-propanediyl ester. The empirical formula of trimethylolpropane trimethacrylate is C18H26O6. Trimethylolpropane triacrylate is a viscous and colorless liquid, which possesses an acrylic or pungent odor. It is immiscible in water and hygroscopic in nature. This light sensitive chemical is incompatible with strong acids and bases. Trimethylolpropane trimethacrylate may undergo spontaneous polymerization, but it can be stabilized with monomethyl ester of hydroquinone. Trimethylolpropane trimethacrylate possesses low viscosity, high cross-link density, rapid cure response rate, excellent hardness, and chemical resistant properties. It is widely used in industrial applications as a cross-linker in radiation curing. Trimethylolpropane trimethacrylate is used as a co-agent in plasticizer systems, PVC plastisols, and elastomers.
Global Trimethylolpropane Trimethacrylate Market: Drivers and Restraints
The global trimethylolpropane trimethacrylate market is primarily driven by the increase in demand for cross-linking agents in various applications. Trimethylolpropane trimethacrylate is used as a cross-linker, co-activator, and co-agent for polybutadiene, plastisols, polyethylene, vinyl acetate latexes, hard rubber rolls, adhesives, molding compounds, and moisture barrier films & coatings. Increase in usage of trimethylolpropane trimethacrylate in radiation curing applications is anticipated to boost the global trimethylolpropane trimethacrylate market. Trimethylolpropane trimethacrylate is used in ultraviolet light (UV) and electron beam (EB) curable coatings and inks due to its characteristics such as reactivity, hardness, gloss, and resistance to chemical and wear. Research & development in improving the utilization of trimethylolpropane trimethacrylate is expected to offer lucrative opportunities to the trimethylolpropane trimethacrylate market during the forecast period.
Based on form, the trimethylolpropane trimethacrylate market can be bifurcated into powder and liquid. The liquid segment held key share of the global trimethylolpropane trimethacrylate market in 2017. Trimethylolpropane trimethacrylate acts as a processing aid for molding and extrusion of rubber compounds.
Based on application, the trimethylolpropane trimethacrylate market can be segregated into plastics, adhesives, coatings, acrylic glue, anaerobic sealants, and ink. The plastics segment accounted for major share of the global trimethylolpropane trimethacrylate market in 2017. Trimethylolpropane trimethacrylate is employed in the manufacture of inks and coatings for wood, paper, glass, metal, textiles, vinyl, and other plastics. It is also used as an ingredient in coating formulations, print varnishes, inks, and other polymer systems. Trimethylolpropane trimethacrylate is utilized in various products such as alkyd coatings, hardwood floors, screen printing, compact discs, dental polymers, concrete polymers, lithography, letterpress, elastomers, automobile headlamps, acrylics, and plastic components for medical applications.
In terms of geography, the trimethylolpropane trimethacrylate market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific accounts for substantial share of the global trimethylolpropane trimethacrylate market due to the high availability of raw materials at competitive prices in the region. Presence of a large number of chemical producers in countries such as China, Japan, India, and those in Southeast Asia is projected to boost the demand of trimethylolpropane trimethacrylate in the near future. North America and Europe also constitute key share of the trimethylolpropane trimethacrylate market.
Global Trimethylolpropane Trimethacrylate Market: Key Players
Key players operating in the global trimethylolpropane trimethacrylate market include allnex group, Arkema Group, BASF SE, Evonik, Hunan Farida Technology, Kowa Chemicals, Seiko Chemical, and Tianjin Jiuri New Materials.
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.