Trimethylolpropane Triacrylate Market is Estimated to Witness Steady Growth Owing to Rising Demand for Coatings, Inks and Adhesives
The global Trimethylolpropane Triacrylate Market is estimated to be valued at US$ 151.3 Mn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Trimethylolpropane triacrylate (TMPTA) is a colorless viscous liquid used as a key reactive diluent in ultraviolet and electron beam cured acrylate resins and coatings. TMPTA improves flexibility and durability of finished products. Due to its excellent performance properties, TMPTA based formulations are ideal for industrial and commercial applications. Market Key Trends: One of the key trends in the market is growing demand from thermoset composite industry. TMPTA is used as a reactive diluent in commercial thermoset composite formulations. It improves mechanical strength and durability of finished composites. Increasing applications of lightweight and high strength composites in aerospace and defense industries is ...