Trimellitic Anhydride Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4359
Trimellitic Anhydride Market size is set to grow significantly during the forecast timeframe driven by rising demand of lightweight products across industries such as building and construction, packaging and various household products. This is owing to the fact that product is used majorly in synthesis of plasticizers for PVC resins. Polyvinyl chloride is the versatile product and is used in for manufacturing pipes, wires and cables, pliable plastic wraps, etc. The plasticizers made from TRIMELLITIC ANHYDRIDE offers various benefits over the which are not provided by phthalate and polymeric plasticizers. Properties such as low volatility makes them ideal choice for high temperature applications such as automobile interiors, electrical cable and wire insulation, flat roof membranes and appliance gaskets, etc. Ability to withstand repeated washing and highly humid environment makes it the best choice for the vinyl upholstery, vinyl shower curtains and other types of sheet applications. Trimellitic anhydride have major applications in various medical products such as blood platelet storage and neonatal care, haemodialysis tubing, etc. due to good extraction resistance. Increasing healthcare spending in emerging economies and rising number of geriatric populations in some developed nations have resulted in the increasing demand of PVC medical products. All these above-mentioned factors will give a push towards positive growth of trimellitic anhydride market in near future.
The trimellitic anhydrides are also used in various coating resins, as it enhances crosslinking and branching for improved resistance and hardness properties for all coatings in particular coil coatings and powder coatings. It is also used to make resin used in waterborne coatings more water dispersible. Trimellitic anhydride helps to increase the reactivity resulting in faster processing time for the coatings and this also helps to bring flexibility and hardness to resin. The product is used in various powder, waterborne, high solids, radiation cure compliant and coil coatings for applications in end use industries such as automotive refinishing and OEM, can coatings, industrial maintenance, etc. The product is extensively used in making amide and ester amide high temperature, high performance magnet wire and enamel wire coatings used for aluminum and copper wire in electrical appliances such as transformers, generators and inductor motors. Rising electricity demand and efforts taken by governments of developing nations in Asia Pacific and Africa to increase electricity reach will increase the trimellitic anhydride market demand over the forecast timeframe. Lower interest rates of loans for residential sector is expected to catapult the demand of paints use in this sector. Higher disposable income in emerging economies has resulted in increasing demand of consumer products such as furniture, kitchen wares etc. This will further push the overall demand of the trimellitic anhydride.
There are majorly two types of trimellitic anhydrides made from the product one is the MC method and the other is MGC method. These are one of the methods which is primarily used in manufacturing the product.
Different applications of the trimellitic anhydride market are adhesives, paints and coatings, insulation materials, polyester resins, plasticizer and others. The product is extensively used in waterborne, solvent base as well as in power coatings. The product is majorly used for the synthesis of the plasticizers used in PVC. Increasing usage of PVC across various end user industries will drive the market growth rate over the forecast timeframe.
North America holds the promising position in the trimellitic anhydride market globally due to its extensive usage in specialized applications such as coil coatings and wire coatings of electrical appliances. Asia Pacific shows promising growth in building and construction sector and thus the demand of PVC products such as sidings and windows, water pipes, wiring and cables, etc. is increasing in the region. This gives positive growth direction to the demand of trimellitic anhydride over the forecast timeframe.
Some of the major manufacturer in the trimellitic anhydride market are Jiangsu Zhengdan Chemical, Mitsubishi Gas Chemical, Polynt, Ineos Joliet, Wuxi Baichuan Chemical, Anhui Taida New Materials, Flint Hills Resources, etc.
By Type, 2014-2025 (Kilo Tons) (USD Million)
- MC Method
- MGC Method
By Application, 2014-2025 (Kilo Tons) (USD Million)
- Paints and coatings
- Polyester resins
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- DOW Chemical
- Land O'lakes
- Platform Specialty Products
- Sepro Corporation
- Sanco IndustriesClariant
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