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Trimethylolpropane (C6H14O3) is an organic compound that appears to be a white crystalline solid/ viscous liquid. It has solubility in alcohol, water, and various organic solvents, like benzene, acetone and ether.
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It is a triol composed of three hydroxyl groups (-OH) linked to a propane backbone. It works like a building block for manufacturing various products like polyester resins, alkyd resins, synthetic lubricants, and plasticizers.
Key Details About the Trimethylolpropane Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Trimethylolpropane price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Trimethylolpropane Price analysis, including India Trimethylolpropane price, USA Trimethylolpropane price, pricing database, and chart can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Trimethylolpropane Price Trend:
Trimethylolpropane, or TMP, is a key feedstock used in many manufacturing processes for making products such as resins, coating, and adhesives. Owing to the rapid increase in demand for materials used in the automotive, construction, and electronics industry, the demand for the key raw material is also rising. Furthermore, the eco-friendly bio-based substitute of TMP compared to the conventional petroleum-based TMP is gaining a lot of traction among people since it is made using renewable sources like biomass and vegetable oils, which boosts its market demand. Also, other key factors, such as the rapid technological development for the production of TMP, which makes it affordable to produce and easily available, will likely create more opportunities in the industry.
Key Players:
- Lanxess
- Jilin Petrochemical
- Oxea
- Mitsubishi Gas Chemical
- Perstorp
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