PUBLISHER: QYResearch | PRODUCT CODE: 1866741
PUBLISHER: QYResearch | PRODUCT CODE: 1866741
The global market for Trimethylolpropane (TMP) was estimated to be worth US$ 422 million in 2024 and is forecast to a readjusted size of US$ 538 million by 2031 with a CAGR of 3.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Trimethylolpropane (TMP) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Trimethylolpropane (TMP) is a polyhydric alcohol with three hydroxyl groups, produced mainly by the condensation of n-butyraldehyde and formaldehyde, followed by catalytic hydrogenation. This unique molecular structure gives TMP excellent reactivity, making it a vital raw material in the production of coatings, resins, and specialty polymers. In 2024, global production of TMP reached approximately 263 kilotons, with an average global market price of around US$1,605 per ton. TMP is extensively used in UV-curable coatings, polyurethane curing agents, alkyd resins, titanium dioxide surface treatments, unsaturated resins, and polyester resins. Beyond these, it is also applied in the synthesis of aviation lubricants, plasticizers, surfactants, wetting agents, explosives, printing inks, textile auxiliaries, and PVC stabilizers. The breadth of TMP's application underscores its importance as a multifunctional intermediate that supports industries ranging from automotive coatings and packaging to plastics and specialty chemicals. Major global producers include Perstorp, Lanxess, Oxea, BASF, Mitsubishi Chemical, and Chang Chun, while Chinese suppliers such as Baichuan are expanding their presence in regional and export markets.
Supply Chain Dynamics
The upstream supply of TMP depends primarily on feedstocks such as n-butyraldehyde, isobutyraldehyde, and formaldehyde, tying the cost base closely to petrochemical derivatives and refinery operations. Companies with integrated operations, such as BASF and Perstorp, enjoy cost efficiency and feedstock security, while smaller Chinese producers rely more on external procurement. Downstream, TMP serves as a crucial polyol in the production of alkyd resins and polyurethane coatings, which together account for more than 65% of total consumption. Automotive coating manufacturers-including PPG, AkzoNobel, Sherwin-Williams, and Nippon Paint-are among the largest end users, as TMP-based alkyd and polyurethane resins provide durability, gloss retention, and chemical resistance. Polyurethane foam and plasticizer producers, such as Covestro and Wanhua Chemical, represent another 25% of global demand, seeking consistent supply to support large-scale polymer production. Specialty applications include aviation lubricant formulators like ExxonMobil and Shell, who demand high-purity TMP grades, while ink and adhesive manufacturers procure smaller but quality-sensitive volumes. Procurement practices vary: coatings producers often establish long-term supply agreements to ensure stable quality; polyurethane and plasticizer manufacturers emphasize price competitiveness and large-volume contracts; and specialty chemical players focus on high consistency and tailored logistics services.
Market Trends
The global TMP market is experiencing steady demand growth, driven by its dominant role in coatings and polyurethanes. Consumption has risen consistently in recent years, with coatings alone accounting for over 65% of demand, particularly in automotive paints where TMP-derived alkyd and polyurethane systems are widely used. The recovery and expansion of the automotive sector, coupled with rising demand for high-performance coatings, have provided a solid demand base. In addition, increasing regulatory pressure on volatile organic compounds (VOCs) is accelerating the adoption of UV-curable systems, further boosting TMP consumption. Polyurethane foams and plasticizers, which together consume around 25% of TMP, are benefiting from the expansion of construction and furniture markets in Asia-Pacific. Looking ahead, new applications such as di-TMP (di-trimethylolpropane) are emerging, albeit from a low base, with potential growth in high-performance lubricants and specialty resins. However, the industry also faces challenges: overcapacity risks in China, feedstock price volatility, and competitive pressure from alternative polyols. Global leaders such as Perstorp and BASF are responding by strengthening backward integration, developing bio-based TMP to meet sustainability goals, and focusing on premium-grade markets. The balance between expanding Asian capacity and differentiated specialty applications will define the next stage of the TMP industry's evolution, with demand growth closely linked to the performance and environmental trends in coatings and automotive sectors.
This report aims to provide a comprehensive presentation of the global market for Trimethylolpropane (TMP), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Trimethylolpropane (TMP) by region & country, by Technology, and by End User.
The Trimethylolpropane (TMP) market size, estimations, and forecasts are provided in terms of sales volume (K MT) 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 Trimethylolpropane (TMP).
Market Segmentation
By Company
Segment by Technology
Segment by Application
Segment by End User
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 Trimethylolpropane (TMP) 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 End User, 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 Trimethylolpropane (TMP) 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 Trimethylolpropane (TMP) in country level. It provides sigmate data by Technology, and by End User 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.