Trimellitic anhydride market forecast to witness phenomenal growth opportunities by 2025

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Trimellitic Anhydride Market share research by
applications and regions for 2019-2025 Global
Market Insights, Inc.
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Overview of Trimellitic Anhydride Market

• North America holds the promising position in the
  trimellitic anhydride market globally due to its
  extensive usage in specialized applications such
  as coil coatings and wire coatings of electrical
  appliances. Asia Pacific shows promising growth
  in building and construction sector and thus the
  demand of PVC products such as sidings and
  windows, water pipes, wiring and cables, etc. is
  increasing in the region. This gives positive
  growth direction to the demand of trimellitic
  anhydride over the forecast timeframe.
• Trimellitic Anhydride Market size is set to grow
  significantly during the forecast timeframe
  driven by rising demand of lightweight products
  across industries such as building and
  construction, packaging and various household
  products. This is owing to the fact that product
  is used majorly in synthesis of plasticizers for
  PVC resins. Polyvinyl chloride is the versatile
  product and is used in for manufacturing pipes,
  wires and cables, pliable plastic wraps, etc. The
  plasticizers made from TRIMELLITIC ANHYDRIDE
  offers various benefits over the which are not
  provided by phthalate and polymeric plasticizers.

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• Properties such as low volatility makes them
  ideal choice for high temperature applications
  such as automobile interiors, electrical cable
  and wire insulation, flat roof membranes and
  appliance gaskets, etc. Ability to withstand
  repeated washing and highly humid environment
  makes it the best choice for the vinyl
  upholstery, vinyl shower curtains and other types
  of sheet applications. Trimellitic anhydride have
  major applications in various medical products
  such as blood platelet storage and neonatal care,
  haemodialysis tubing, etc. due to good extraction
  resistance. Increasing healthcare spending in
  emerging economies and rising number of geriatric
  populations in some developed nations have
  resulted in the increasing demand of PVC medical
  products. All these above-mentioned factors will
  give a push towards positive growth of
  trimellitic anhydride market in near future.
• The trimellitic anhydrides are also used in
  various coating resins, as it enhances
  crosslinking and branching for improved
  resistance and hardness properties for all
  coatings in particular coil coatings and powder
  coatings. It is also used to make resin used in
  waterborne coatings more water dispersible.
  Trimellitic anhydride helps to increase the
  reactivity resulting in faster processing time
  for the coatings and this also helps to bring
  flexibility and hardness to resin. The product is
  used in various powder, waterborne, high solids,
  radiation cure compliant and coil coatings for
  applications in end use industries such as
  automotive refinishing and OEM, can coatings,
  industrial maintenance, etc.

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• The product is extensively used in making amide
  and ester amide high temperature, high
  performance magnet wire and enamel wire coatings
  used for aluminum and copper wire in electrical
  appliances such as transformers, generators and
  inductor motors. Rising electricity demand and
  efforts taken by governments of developing
  nations in Asia Pacific and Africa to increase
  electricity reach will increase the trimellitic
  anhydride market demand over the forecast
  timeframe. Lower interest rates of loans for
  residential sector is expected to catapult the
  demand of paints use in this sector. Higher
  disposable income in emerging economies has
  resulted in increasing demand of consumer
  products such as furniture, kitchen wares etc.
  This will further push the overall demand of the
  trimellitic anhydride.
• There are majorly two types of trimellitic
  anhydrides made from the product one is the MC
  method and the other is MGC method. These are one
  of the methods which is primarily used in
  manufacturing the product.

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• Different applications of the trimellitic
  anhydride market are adhesives, paints and
  coatings, insulation materials, polyester resins,
  plasticizer and others. The product is
  extensively used in waterborne, solvent base as
  well as in power coatings. The product is majorly
  used for the synthesis of the plasticizers used
  in PVC. Increasing usage of PVC across various
  end user industries will drive the market growth
  rate over the forecast timeframe.
• Some of the major manufacturer in the trimellitic
  anhydride market are Jiangsu Zhengdan Chemical,
  Mitsubishi Gas Chemical, Polynt, Ineos Joliet,
  Wuxi Baichuan Chemical, Anhui Taida New
  Materials, Flint Hills Resources, etc.

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Methodology

• Market
  research reports Key analytical components

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