TRIMETHYLOLPROPANE TRIACRYLATE MARKET ANALYSIS
Market Trends
Among applications, the paints and coatings segment is the fastest-growing segment, owing to increasing government investments in corporate and commercial infrastructure. For instance, in 2015, the Indian Ministry of Road Transport, Highways and Shipping announced a target of US$ 376.53 billion investment in the infrastructure sector by 2018. This in, turn creates a highly conducive environment for growth of the global paints and coatings application segment, which in turn, is driving growth of the trimethylolpropane triacrylate market, owing to its application in UV/radiation curable coatings.
The plastic segment is expected to exhibit significant growth over the forecast period. This is attributed to increasing demand for plastic in the automotive industry. According to the Plastic Europe, 322 million tons of plastic was produced globally in 2015, which increased to 335 million tons in 2016.
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