TRIMETHYLOLETHANE MARKET ANALYSIS

Trimethylolethane MarketSize and Trends

Market Outlook

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.