Cyclic Trimethylolpropane Formal (CTF) is a cycloaliphatic monofunctional alcohol. It is a clear colorless liquid. CTF is used in acrylic acid esters for radiation curing and in fatty acid esters in synthetic lubricants.
The major manufacturer is Perstorp in Europe At present, the production of Perstorp is 1740 MT in 2016. And the global Cyclic Trimethylolpropane Formal consumption market is led by North America and North America is the largest region consumption market, accounting for about 35.76% of global consumption of Cyclic Trimethylolpropane Formal.
Cyclic Trimethylolpropane Formal downstream is wide and recently Cyclic Trimethylolpropane Formal has acquired increasing significance in various fields of Synthetic Lubricants, Radiation Curing Coating and others. Globally, the Cyclic Trimethylolpropane Formal market is mainly driven by growing demand for Radiation Curing Coating. Radiation Curing Coating accounts for nearly 71.33% of total downstream consumption of Cyclic Trimethylolpropane Formal in global.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, Cyclic Trimethylolpropane Formal production will show a trend of steady growth. In 2023 the production of Cyclic Trimethylolpropane Formal is estimated to be 2650 MT. On product prices, the slow downward trend in recent years will maintain in the future.
The report offers detailed coverage of Cyclic Trimethylolpropane Formal (CTF) industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Cyclic Trimethylolpropane Formal (CTF) by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Cyclic Trimethylolpropane Formal (CTF) market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global Cyclic Trimethylolpropane Formal (CTF) market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Perstorp
At the same time, we classify Cyclic Trimethylolpropane Formal (CTF) according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
Industrial Grade
Lubricating Grade
Market by Application
Synthetic Lubricants
Radiation Curing Coating
Others
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Cyclic Trimethylolpropane Formal (CTF) market for the forecast period 2021 - 2025?
• What are the driving forces in the Cyclic Trimethylolpropane Formal (CTF) market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Cyclic Trimethylolpropane Formal (CTF) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?