Product
Trimethylolpropane Price Trend and Forecast
Trimethylolpropane Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Trimethylolpropane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Trimethylolpropane Price Trend for the First Half of 2023
Asia
The Chinese Trimethylolpropane market exhibited mixed price trends during the said period as the prices fluctuated throughout. Till the middle of the second quarter, the Trimethylolpropane prices traversed in a zig-zag manner, continuously rising and falling every month. By the middle of Q2, the prices observed a straight fall.
Steady market demands from downstream textile, coating, adhesive, plasticizers, etc. industries and the inventory levels determined the price trends as the supply-demand dynamics ensured the product movement in the market, which caused many fluctuations. Demands drove the rising curves, while high inventory levels pushed the prices down. Overall, a swinging market behavior was observed.
Europe
The European Trimethylolpropane market mostly observed low swinging price trends throughout the discussed period. The high inflation here had affected the downstream industries severely. The construction, coating, etc. sectors were almost shut down and registered very few queries. An evident decline in demand guided the market sentiments, causing the Trimethylolpropane prices to waver on the lower end of the curve.
North America
The North American Trimethylolpropane market behaved no differently than its European counterpart as the prices tottered around the lower side here as well. Decreased downstream demands drove the market sentiments; with the failure of two major US banks, the market exhibited feeble sentiments.
Analyst Insight
According to Procurement Resource, the price trends for Trimethylolpropane will continue to fluctuate, rallying behind the unstable demands from the consuming industries and available stocks in the market.
Trimethylolpropane Price Trend for the Second Half of 2022
Asia
The price trends for trimethylolpropane were majorly affected by its feedstock materials, butanal, and formaldehyde. The formaldehyde market declined in the third quarter of 2022 as the demand from the domestic sector declined.
The prices, however, gained some momentum during the end months of the third quarter as the demand from downstream industries rose and invariably inclined the trimethylolpropane prices. The price trend was also stable in the initial months of the fourth quarter and then declined in the later months. The decreased demand and rise in inventories negatively impacted the market, declining the price trends for trimethylolpropane.
Europe
The feedstock prices in the European region for trimethylolpropane saw a weak demand from the end-sector industries and a rise in inventories. Weak economic conditions and low confidence of buyers due to the doom of recession further impacted the price trend of trimethylolpropane negatively. The unstable trading activities and increased production costs also fueled the declining price trends for trimethylolpropane.
North America
The market for feedstocks of trimethylolpropane fluctuated in the North American market. The prices were majorly affected by the upstream market and lower demand from the industries. The prices also suffered adversely from the rising inflation rates, uncertain crude oil prices, and low export levels. All these factors combinedly kept the price trends for trimethylolpropane in the negative zone.
Analyst Insight
According to Procurement Resource, the price trends for trimethylolpropane are expected to decline in the upcoming months as the demand from end-user industries will continue to remain unstable along with weak consumer confidence in the market.
Procurement Resource provides latest prices of Trimethylolpropane. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Trimethylolpropane (TMP) is a colourless to white solid widely used as a building block in the polymer industry. It is a triol- containing three hydroxyl groups: with a distinct odour. TMP is hygroscopic and is readily soluble in water and alcohol. Owing to its versatile nature, it is widely used in varnishes, plasticizers, surfactants, coatings, and lubricant products.
Product Details
| Report Features | Details |
| Product Name | Trimethylolpropane |
| HS CODE | 29054100 |
| CAS Number | 77-99-6 |
| Industrial Uses | Textiles, Paints/ Coatings, Adhesives/ Lubricants, Polymers, Plasticizers, Surfactants |
| Chemical Formula | C6H14O3 |
| Synonyms | TMP, 2-Ethyl-2-(hydroxymethyl)propane-1,3-diol |
| Molecular Weight | 134.17 g/mol |
| Supplier Database | Lanxess, Jilin Petrochemical, Oxea, Mitsubishi Gas Chemical, Perstorp |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Trimethylolpropane from formaldehyde
This method is usually carried out in two steps. Firstly, the condensation of butanal with formaldehyde followed by the Cannizzaro reaction – a base-induced disproportionation of two molecules of a non-enolizable aldehyde to give the required product, i.e., Trimethylolpropane.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Table Of Contents
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