PUBLISHER: QYResearch | PRODUCT CODE: 1862293
PUBLISHER: QYResearch | PRODUCT CODE: 1862293
The global market for Cyclic Trimethylolpropane Formal (CTF) was estimated to be worth US$ 19.42 million in 2024 and is forecast to a readjusted size of US$ 25.32 million by 2031 with a CAGR of 4.0% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Cyclic Trimethylolpropane Formal (CTF) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Cyclic Trimethylolpropane Formal (CTF) is a specialty cyclic acetal compound synthesized from trimethylolpropane (TMP) and formaldehyde. It is characterized by high thermal stability, low volatility, and excellent chemical reactivity, which make it suitable as an intermediate for advanced coating resins and energy-curable materials. Its key role lies in improving hardness, chemical resistance, and long-term durability of polymer systems, especially when further modified into acrylate derivatives. In 2024, global production of CTF reached approximately 5,510 tons, with an average global market price of around US$ 3,525 per ton. Despite its relatively limited market volume compared to bulk polyols, CTF is increasingly recognized as a performance-enhancing building block in coatings, inks, adhesives, and radiation-curable systems where durability and environmental compliance are critical.
The upstream supply of CTF relies mainly on trimethylolpropane (TMP) and formaldehyde as raw materials, with production carried out by specialized companies with experience in high-purity cyclic intermediates. At the CTF level, key producers include Perstorp (Sweden) and Baichuan Shares (China), both of which operate integrated supply chains that connect TMP feedstock to downstream resin customers. On the derivative side, cyclic trimethylolpropane formal acrylate (CTFA) is produced by a select group of companies, including Changxing Materials (China), IGM Resins (Netherlands), Arkema (France), Allnex (Germany), Osaka Organic Chemical (Japan), Miwon (Korea), and Guangdong Haohui New Materials (China).
In terms of downstream relationships, CTF and CTFA are primarily procured by coating and resin manufacturers that focus on UV-curable and EB-curable systems. Customers emphasize three procurement features: (1) narrow quality tolerance and low impurities, since any deviation directly affects polymerization behavior; (2) stable long-term contracts, as supply sources are concentrated among a limited number of producers; and (3) customized technical collaboration, because many end-use formulations-such as high-performance coatings, 3D printing materials, and specialty adhesives-require tailored oligomer structures.
The CTF market remains a small but strategically important segment, with growth mainly tied to the performance of UV-curable resins and high-value coatings. Supply is relatively concentrated, with Perstorp and Baichuan Shares playing central roles in ensuring availability. On the CTFA side, companies such as IGM Resins, Arkema, Allnex, Osaka Organic Chemical, Miwon, Changxing Materials, and Guangdong Haohui New Materials are expanding production capacities and refining product grades to support the fast-growing demand for low-VOC, fast-curing, and environmentally sustainable formulations.
Competition is expected to intensify as Chinese players increase production scale and seek to capture both domestic and export markets, while established European, Japanese, and Korean producers emphasize technology and quality leadership. Downstream demand growth is expected to be moderate in traditional construction and industrial coatings, but much stronger in electronics, automotive coatings, advanced packaging, and 3D printing applications, where high-performance UV- and EB-curable systems are rapidly expanding. As a result, the overall CTF and CTFA market is likely to evolve into a technology-driven niche industry, where supplier differentiation will depend on technical service, resin compatibility, and the ability to offer sustainable, high-purity products.
This report aims to provide a comprehensive presentation of the global market for Cyclic Trimethylolpropane Formal (CTF), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Cyclic Trimethylolpropane Formal (CTF) by region & country, by Technology, and by Application.
The Cyclic Trimethylolpropane Formal (CTF) market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cyclic Trimethylolpropane Formal (CTF).
Market Segmentation
By Company
Segment by Technology
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Cyclic Trimethylolpropane Formal (CTF) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Technology, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Cyclic Trimethylolpropane Formal (CTF) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Cyclic Trimethylolpropane Formal (CTF) in country level. It provides sigmate data by Technology, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.