Increasing Production and Launch of Paints and Coatings to Augment Growth of The Trimethylolethane Market

Trimethylolethane can be formed as a liquid, a semi-solid or a gaseous state and is typically used as an additive to polyester resins for foams. The solid vinyl has high resistance towards both light and heat and its three alcohol groups give it exceptional chemical stability and resistance to oxidation. Additionally, it is resistant to most chemicals which make up paints, varnishes and coatings. The use of this material in the production of polyester resins, foams and paints can be traced back to World War II and the production of adhesive gels which utilized trims to seal the surface of thermal tape. During those years, many different industries made use of vinyl and although production of this substance declined as production moved away from the military post-war, the material continues to be used extensively in the manufacturing sectors today.

Market Dynamics 
Increasing production and launch of paints and coatings is expected to propel growth of the trimethylolethane market. For instance, in October 2019, Akzo Nobel N. launched new Interpon Redox powder coatings range for a full array of substrates, surfaces and environments – from cable cars and chemical plants to window frames and wind turbines.

Ban of use of plastics is expected to hinder growth of the trimethylolethane market. For instance, in May 2018, the European Commission proposed a ban on 10 common items that it says make up about 70 percent of the litter in EU waters. This includes plastic straws, drink stirrers, plates, and more.

Moreover, stringent regulations on export of trimethylolethane is also expected to limit the market growth. For instance, in April 2020, Global Affairs Canada published an Order Amending the Export Control List that came into effect on May 1, 2020. The list included trimethylolethane among other chemicals.

Among regions, North America is expected to witness significant growth in the trimethylolethane market owing to increasing demand for paints and coatings. For instance, according to American Coatings Association, the production of paints and coatings in the U.S. was pegged at 1.35 billion gallons in 2019, registering a value of US$ 25.7 billion, compared to 1.33 billion gallons valued at US$ 24.9 billion in 2018.

Competitive Analysis 
Major players operating in the trimethylolethane market are Mitsubishi Gas Chemical Company, Inc., GEO Specialty Chemicals, Inc., LANXESS, DowDuPont, and Copperhead Chemical.

 

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