Trimethylolethane is a colorless organic, non-toxic compound, with a chemical structure of 3 main hydroxyl groups in compact neopentyl structure. Trimethylolethane is majorly used in production of stabilizers for plastics, polyester resins, powder coating resins, and synthetic lubricants based on polyol esters. Nitration of trimethylolethane forms trimethylolethane nitrate, which is used as a liquid explosive, similar to nitroglycerin. Production of trimethylolethane is a two-step process, which starts with the condensation of propionaldehyde with formaldehyde. Thereafter, Cannizaro’s reaction is followed to produce trimethylolethane along with excess formaldehyde, which is removed with the distillation process under high pressure. Due to its anti-corrosive property, better abrasion resistance, and reduced discoloration, trimethylolethane finds major application in architectural coating, powder coatings, and coating in the maritime industry, which accounts for the largest share among other uses.
Global trimethylolethane market size is projected to expand significantly during the forecast period (2019-2027), owing to growing use of trimethylolethane in various industries. Increasing use of trimethylolethane in coating industry is expected to demand for trimethylolethane thereby drive the market growth. Trimethylolethane possesses corrosion resistance, abrasion resistance properties, which is why it finds applications in powder coating, architectural coating, and coating in maritime industry. Increasing use of trimethylolethane in these industries is expected to propel growth of the market during the forecast period. Furthermore, trimethylolethane is used for production of oil-free polyester resins. These polyester resins possess excellent retention property and when they are siliconized offer weather and heat resistance. Increasing demand for polyester resins from various industries around the world is expected to boost the market growth in the near future. Moreover, trimethylolethane used in production of lubricants, which are based on polyol esters. Increasing demand for lubricants from end-use industries is expected to drive the market growth.
Significant growth of coating industry across the globe poses excellent opportunities for market players in the global trimethylolethane market during the forecast period.
Market Regional Analysis
Asia Pacific is projected to account for the largest market share in the global trimethylolethane market during the forecast period. This is owing to increasing demand for trimethylolethane from coatings segment in emerging economies such as China. Furthermore, Europe is expected to witness significant market growth during the forecast period, owing to growing use of trimethylolethane in coating industry in the region. Rest of the World (ROW) is expected to witness moderate growth during the forecast period.
Key players operating in the global trimethylolethane market are Mitsubishi Gas Chemical Company, Inc., GEO Specialty Chemicals, Inc., LANXESS, DowDuPont, and Copperhead Chemical.