In the first half of 2023, the Chinese Trimethylolpropane market experienced fluctuating prices, with a zig-zag pattern characterized by monthly fluctuations until the middle of the second quarter when prices took a sharp downturn. Market demand from textile, coating, adhesive, plasticizers, and other industries, influenced by inventory levels, drove these price swings, with rising demand pushing prices up and high inventory levels pushing them down.
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In Europe, the Trimethylolpropane market witnessed consistently lower prices due to high inflation and reduced demand in sectors like construction and coating. Similarly, in North America, Trimethylolpropane prices remained on the lower side due to decreased demand, exacerbated by the impact of struggling consumer economy.
Definition
In the first half of 2023, the Chinese Trimethylolpropane market experienced fluctuating prices, with a zig-zag pattern characterized by monthly fluctuations until the middle of the second quarter when prices took a sharp downturn. Market demand from textile, coating, adhesive, plasticizers, and other industries, influenced by inventory levels, drove these price swings, with rising demand pushing prices up and high inventory levels pushing them down. In Europe, the Trimethylolpropane market witnessed consistently lower prices due to high inflation and reduced demand in sectors like construction and coating. Similarly, in North America, Trimethylolpropane prices remained on the lower side due to decreased demand, exacerbated by the impact of two major US bank failures on market sentiments.
Key Details About the Trimethylolpropane Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Trimethylolpropane in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Trimethylolpropane Price chart, including India Trimethylolpropane price, USA Trimethylolpropane price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Trimethylolpropane Price Trend:
Trimethylolpropane (TMP) is widely utilized in industrial applications as a key building block for the production of resins, including alkyd, polyester, and acrylic resins. These resins are essential components in the manufacture of paints, coatings, and adhesives, providing them with qualities like durability, versatility, and adhesion properties. TMP's role in these industries contributes to the development of high-quality, long-lasting coatings and adhesives used in construction, automotive, and various other sectors.
Key Players:
- Lanxess
- Jilin Petrochemical
- Oxea
- Mitsubishi Gas Chemical
- Perstorp
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