Market Overview:
The Global Trimethylolpropane Trioleate Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for fire resistant & biodegradable hydraulic fluids and metal working fluids. In terms of volume, the liquid segment is projected to be the fastest-growing segment during the forecast period. North America accounted for majority of the global trimethylolpropane trioleate market in 2017 and is expected to maintain its dominance during the forecast period.
Product Definition:
A triglyceride that is composed of three molecules of oleic acid and one molecule of trimethylolpropane. It is a colorless, odorless, viscous liquid that is used as an emollient and lubricant.
Liquid:
Liquid is a transparent, odorless, and tasteless liquid. It has no color and does not boil or burn. It can be used as an alternative to oil in cooking by replacing it with the same amount of water or other liquids such as milk, wine or stock in baking recipes instead of oil. Liquid also acts as an excellent solvent for cleaning purposes which makes it extremely useful across various end-use industries such as cosmetics & personal care products manufacturing and pharmaceuticals among others.
Other:
Other is a chemical compound, which is colorless, odorless and volatile. It consists of hydrogen and oxygen. Other compounds are used as raw materials for the production of several chemicals such as ethylene glycols, polyethylene terephthalate (PET), polyamide (PA) and propylene glycols.
Application Insights:
The other application segment includes lubricating oils, plasticizers and hydraulic fluids. The product finds major applications in lubricating oils as it is a superior oil for most types of machinery. It has the ability to reduce friction and wear, which enables longer engine life and higher efficiency. In addition, it increases fuel efficiency by reducing combustion temperatures which reduces emissions. Major manufacturers of lubricating oil include Total S.A., Castrol Ltd.
The fire resistant & biodegradable hydraulic fluids segment accounted for over 20% of the overall volume share in 2017 on account of its rising demand from various end-use industries including construction materials, automotive & transportation systems.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global production owing to availability of raw materials at low cost as compared to other regions. China, India, Japan, and South Korea are some of the major countries that contribute significantly towards consumption in this region.
North America accounted for a significant share in global consumption as well as production owing to high demand from end-use industries such as construction and automotive. UHMWPE has found application scope not only in hydraulic fluids but also fire resistant & biodegradable hydraulic fluid which further boosts its demand within North America region.
Growth Factors:
- Increasing demand from end-use industries such as paints & coatings, adhesives, and sealants
- Rising demand for TMPTO in Asia Pacific region
- Growing use of TMPTO in personal care products
- Technological advancements in production process of TMPTO
- Increasing awareness about benefits of using Trimethylolpropane Trioleate
Scope Of The Report
Report Attributes
Report Details
Report Title
Trimethylolpropane Trioleate Market Research Report
By Type
Liquid, Other
By Application
Fire Resistant & Biodegradable Hydraulic Fluids, Metal Working Fluids, Other
By Companies
Oleon, Wilmar International, Shandong Ruijie Chemical Industry, KLK OLEO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Trimethylolpropane Trioleate Market Report Segments:
The global Trimethylolpropane Trioleate market is segmented on the basis of:
Types
Liquid, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fire Resistant & Biodegradable Hydraulic Fluids, Metal Working Fluids, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oleon
- Wilmar International
- Shandong Ruijie Chemical Industry
- KLK OLEO
Highlights of The Trimethylolpropane Trioleate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liquid
- Other
- By Application:
- Fire Resistant & Biodegradable Hydraulic Fluids
- Metal Working Fluids
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Trimethylolpropane Trioleate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Trimethylolpropane trioleate is a polyunsaturated fatty acid that is derived from vegetable oils. It has a chemical formula of C10H16O2 and can be found in foods such as margarine, shortening, and salad dressings. Trimethylolpropane trioleate is a liquid at room temperature, but it solidifies when it's cold or when it's exposed to light.
Some of the major companies in the trimethylolpropane trioleate market are Oleon, Wilmar International, Shandong Ruijie Chemical Industry, KLK OLEO.
The trimethylolpropane trioleate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Trimethylolpropane Trioleate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Trimethylolpropane Trioleate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Trimethylolpropane Trioleate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Trimethylolpropane Trioleate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Trimethylolpropane Trioleate Market Size & Forecast, 2020-2028
4.5.1 Trimethylolpropane Trioleate Market Size and Y-o-Y Growth
4.5.2 Trimethylolpropane Trioleate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Liquid
5.2.2 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Fire Resistant & Biodegradable Hydraulic Fluids
6.2.2 Metal Working Fluids
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trimethylolpropane Trioleate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Trimethylolpropane Trioleate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Liquid
9.6.2 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Fire Resistant & Biodegradable Hydraulic Fluids
9.10.2 Metal Working Fluids
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Liquid
10.6.2 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Fire Resistant & Biodegradable Hydraulic Fluids
10.10.2 Metal Working Fluids
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Liquid
11.6.2 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Fire Resistant & Biodegradable Hydraulic Fluids
11.10.2 Metal Working Fluids
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Liquid
12.6.2 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Fire Resistant & Biodegradable Hydraulic Fluids
12.10.2 Metal Working Fluids
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Liquid
13.6.2 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Fire Resistant & Biodegradable Hydraulic Fluids
13.10.2 Metal Working Fluids
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Trimethylolpropane Trioleate Market: Competitive Dashboard
14.2 Global Trimethylolpropane Trioleate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oleon
14.3.2 Wilmar International
14.3.3 Shandong Ruijie Chemical Industry
14.3.4 KLK OLEO
