Trimethylolpropane Trioleate: Introduction

  • Trimethylolpropane trioleate possesses low pour point, excellent lubricity & oxidation stability, and high flash point
  • Trimethylolpropane trioleate is prepared by esterification of oleic acid with trimethylolpropane (TMP) without solvent in the presence of solid acid catalyst
  • Trimethylolpropane trioleate can be used as potential lubricating base oil due to its excellent comprehensive performance

Driving Factors of Trimethylolpropane Trioleate Market

  • Rise in demand for high-performance hydraulic fluids and increase in environmental concerns have boosted the use of esters base oils. Companies have been developing a high quality range of hydraulic ester base oils over the past few decades. These oils are compliant with all market standards.
  • Rise in production and sale of automobiles is a major factor driving the demand for base oils. Base oils are used as base fluids in the formulation of various types of lubricants. The automotive industry is a key end-user of lubricants. Lubricating products such as engine oils, transmission oils, and greases are used in automobiles. Rapid increase in population and urbanization is leading to consistent rise in production of vehicles across the globe. According to the International Organization of Motor Vehicle Manufacturers (OICA), sales of new vehicles increased from 87.5 million in 2013 to 95.05 million in 2018.
  • Increase in need for emission control in various sectors such as marine; and enactment of stringent norms to curb emissions of CO2, NOx, sulfur, and other particulate substances imposed by governments of various countries as well as the European Union have compelled oil companies to develop better methods of lubricant formulation. This has led to an increase in the adoption of hydraulic ester base oils for the production of lubricants. These factors are boosting the global trimethylolpropane trioleate market.

Request a sample to get extensive insights into the Trimethylolpropane Trioleate Market

Applications of Trimethylolpropane Trioleate

  • Trimethylolpropane trioleate is used in biolubricant base oil, fire resistant & biodegradable hydraulic fluids, and metalworking fluids
  • Trimethylolpropane trioleate is particularly recommended for usage in formulation of environmentally-friendly hydraulic fluids and metalworking fluids. It is also used for cutting and forming (including steel rolling and greases).

COVID-19 Impact on Global Trimethylolpropane Trioleate Market

  • The global coronavirus outbreak is posing severe challenges to the global trimethylolpropane trioleate market. The pandemic has disrupted the supply chain network in China, due to limited/no production in organizations owing to the lockdown. Some companies had limited access to their workforce. This impacted the overall production of factories. 
  • Trade activities in the Middle East have been hampered due to the pandemic. Refiners of base oil in China have been compelled to lower their operating costs in order to decrease the pressure on inventories due to transportation restrictions in certain provinces in the country.

Asia Pacific to Hold Major Share of Global Trimethylolpropane Trioleate Market

  • In terms of region, the global trimethylolpropane trioleate market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • In terms of volume, Asia Pacific dominated the global trimethylolpropane trioleate market in 2019. Rapid industrialization in China, India, and Indonesia is boosting the demand for trimethylolpropane trioleate in industrial applications such as process oils, hydraulic oils, metalworking fluids, and white oils. This is driving the trimethylolpropane trioleate market in the region. Most companies across the globe are shifting their manufacturing bases to India, Indonesia, and Vietnam primarily due to availability of inexpensive labor and raw materials; and supportive government regulations.
  • Europe is another key region of the global trimethylolpropane trioleate market. Rise in demand for hybrid electric vehicles (HEVs) and electric vehicles (EVs) is positively impacting the trimethylolpropane trioleate market in Europe.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Key Players Operating in Global Market

  • The global trimethylolpropane trioleate market is consolidated, with players focusing on incorporating advanced technologies to gain higher share. These players offer a complete portfolio of products; and focus on different business strategies to strengthen their position.

Prominent players operating in the global trimethylolpropane trioleate market include:

  • KLK OLEO
  • ltalmatch Chemicals Group
  • Synalloy Corporation
  • Oleon NV
  • Lakeland Chemicals (India) Ltd.

Global Trimethylolpropane Trioleate Market: Research Scope

Global Trimethylolpropane Trioleate Market, by Application

  • Biolubricant Base Oil
  • Fire Resistant & Biodegradable Hydraulic Fluids
  • Metalworking Fluids
  • Others

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Trimethylolpropane Trioleate Market