TRIMETHYLOLPROPANE TRIACRYLATE MARKET ANALYSIS
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.
Trimethylolpropane Triacrylate Market Report Snapshots
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