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Trimethylopropane Market

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Global trimethylopropane market size is projected to increase significantly during the forecast period (2019-2027), owing to growing use of trimethylopropane in various industries.
Trimethylopropane Market Size and Forecast Till 2027
Trimethylopropane is a solid, white-colored crystalline, an organic compound
with three hydroxyl functional groups in it. It is a hydroscopic compound, which
is why it needs to be stored carefully to avoid moisture absorption. The
compound is readily soluble in water, acetone, and alcohol and when melted it
forms a transparent liquid. Generally, it is manufactured in the form of
semi-transparent white flakes and is used in professional, consumer, and
industrial applications. Trimethylopropane majorly used in the production of
inks, greases, metalworking fluid, adhesives, wax-blends, sealants, coatings,
polymer, plastics, polish, and others. Moreover, it is used in saturated polyesters
such as acrylic acid esters, coil paintings, alkyds for painting, polyurethane, and
more. It is also used as building block in polymer industry and as a base
lubricant in motor oils.
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Market Regional Analysis
Asia Pacific is projected to gain major market share in the global
trimethylopropane market during the forecast period, owing to high disposable
income of consumers in emerging economies such as China and India.
Moreover, the continuous growth of construction and automotive industries is
expected to drive growth of the market in the region. North America is expected
to witness significant growth during the forecast period, owing to increasing
demand for trimethylopropane in the region. Moreover, Europe and Latin
America are also expected to witness significant market growth in the near
future, owing to rapid growth of automotive industry in respective regions.
Market Players
Key players operating in the global trimethylopropane market include Hubei
Yihua Group Co. Ltd, Beijing Beilang Organic Chemical Plant, Fabbrica
Adesivi Resine, Heibei Qinhuangdao Dahua Organic Chemical Plant, and
BASF SE.
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pallavi.reddy
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