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Trimellitic Anhydride Market Opportunity, Analysis, Growth Driver, Latest Trends by Top Players and Region-Forecasts to 2026

Author : Ravi Chawat | Published Date : 2020-08-20 

A key factor analyzed, Trimellitic anhydride market growth includes the widespread application scope of the product across the industrial spectrum. Trimellitic anhydride is used extensively for the manufacture of components such as powder coatings and resins. It is also utilized as a binder for aggregates such as glass fibres, curing agent for epoxy resins as well as an embossing agent for vinyl flooring.

Additionally, it is also applied as an intermediate to synthesize adhesives, surface coating chemicals, pharmaceuticals, agrochemicals, and polymers among others. These factors are poised to be significant growth drivers for the trimellitic anhydride market.

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Growth will predominantly come from Latin America. Trimellitic anhydride industry demand from the LATAM region is attributed largely to the robust use of the product for wire and cable insulation in the region. Furthermore, the broadening application scope of the product in the medical industry is likely to drive Latin America trimellitic anhydride market size. The regional growth is mainly slated to come from the rapid advancements in medical facilities across Chile, Panama, Guatemala, and Brazil, alongside the massive industrialization these regions are currently characterized by.

The expansive deployment of the product in waterborne coatings and PVC resins is also expected to upscale the growth map of Latin America trimellitic anhydride market.

Insulation materials, plasticizer, paints and coatings, adhesives, polyester resins and others will continue to remain as key applications in the trimellitic anhydride industry. Among these, the adhesives segment is likely to gain significant traction through 2026. Copolymers based on trimellitic anhydrides are used as essential components of adhesive production, in addition to other components such as foils, ink, coatings and more. The robust use of 4-Methacryloxyethyl trimellitic anhydride or 4-META as adhesion promoters in dental resins is poised to contribute heavily to trimellitic anhydride market growth.

Browse More News:

https://www.globenewswire.com/news-release/2020/02/10/1982149/0/en/Polyacrylamide-Market-is-likely-to-reach-8-billion-by-2026-Says-Global-Market-Insights-Inc.html

https://www.prnewswire.com/news-releases/flow-chemistry-market-value-to-hit-2-5-billion-by-2026-global-market-insights-inc-300961694.html

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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