Trimethylolpropane Triacrylate Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
Trimethylolpropane triacylate, also known as TMPTA, is a colorless or pale yellow transparent liquid, soluble in aromatic hydrocarbon organic solvents and low carbon alcohol. It is used to manufacture inks, adhesives, and coatings. TMPTA can be found in various products such as automobile headlamps, hardwood floors, compact discs, and UV-curable lithographic inks among others. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1849 Increasing demand for trimethylolpropane triacrylate, owing to its advantageous properties as fast curing agent with good chemical resistance and hardness is expected to propel growth of the market. Furthermore, growing demand for trimethylolpropane triacrylate in coatings and varnishes as it is cost effective, is also fueling growth of the trimethylolpropane triacrylate market. According to Coherent Market Insights (CMI), the global paints and coatings market was valued at US$ 137.25 billion and 46,686.09 kilo tons in 2016, and is expected to exhibit a CAGR of 5.6% in terms of revenue during the forecast period (2018 – 2025). However, exposure to trimethylolpropane triacrylate may cause irritation to eyes and skin and the classification of trimethylolpropane triacrylate is regulated by European Union under Regulation (EC) No. 1272/2008, is expected to hinder growth of the trimethylolpropane triacrylate market. Market Trends Among applications, the paints and coatings segment is the fastest-growing segment, owing to increasing government investments in corporate and commercial infrastructure. For instance, in 2015, the Indian Ministry of Road Transport, Highways and Shipping announced a target of US$ 376.53 billion investment in the infrastructure sector by 2018. This in, turn creates a highly conducive environment for growth of the global paints and coatings application segment, which in turn, is driving growth of the trimethylolpropane triacrylate market, owing to its application in UV/radiation curable coatings.