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Major Growth Opportunities of Trimethylolpropane Triacrylate Market by 2019 – 2026
Trimethylolpropane triacylate, also known as TMPTA, is a colorless or pale yellow transparent liquid, soluble in aromatic hydrocarbon organic solvents and low carbon alcohol.

BriefingWire.com, 9/11/2019 - Trimethylolpropane triacylate, also known as TMPTA, is a colorless or pale yellow transparent liquid, soluble in aromatic hydrocarbon organic solvents and low carbon alcohol. It is used to manufacture inks, adhesives, and coatings. TMPTA can be found in various products such as automobile headlamps, hardwood floors, compact discs, and UV-curable lithographic inks among others.

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Drivers and Restraints

Increasing demand for trimethylolpropane triacrylate, owing to its advantageous properties as fast curing agent with good chemical resistance and hardness is expected to propel growth of the market. Furthermore, growing demand for trimethylolpropane triacrylate in coatings and varnishes as it is cost effective, is also fueling growth of the trimethylolpropane triacrylate market. According to Coherent Market Insights (CMI), the global paints and coatings market was valued at US$ 137.25 billion and 46,686.09 kilo tons in 2016, and is expected to exhibit a CAGR of 5.6% in terms of revenue during the forecast period (2018 – 2025).

However, exposure to trimethylolpropane triacrylate may cause irritation to eyes and skin and the classification of trimethylolpropane triacrylate is regulated by European Union under Regulation (EC) No. 1272/2008, is expected to hinder growth of the trimethylolpropane triacrylate market.

Asia Pacific is expected to be the fastest-growing region in the global trimethylolpropane triacrylate market over the forecast period, owing to increasing plastic consumption in this region. Increasing income levels leading to increasing consumption of plastic products. According to India Brand Equity Foundation (IBEF), the per capita consumption of plastics in India accounted for around 4 kilograms per year. China and the U.S. recorded an average per capita consumption of 17 kg and 120 kg, respectively.

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Some of the leading players operating in the global trimethylolpropane triacrylate market are BASF S.E., J&K Scientific Ltd., Miwon Specialty Chemical Co., Ltd., and KPX Green Chemical Co. Ltd.

 
 
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