Trimethylolpropane

Market Intelligence Report on Trimethylolpropane (TMP) – Recent Commodity Market Dynamics

I. Price Dynamics
- Recent Quotations (June 6–30, 2026):
Shandong Province: Shandong Hongyang Chemical Co., Ltd.: RMB 8,800/ton (99% purity); Shandong Hanyue Chemical Co., Ltd.: RMB 12,000/ton (99% purity); Shandong Beilu Hengsheng Chemical Co., Ltd.: RMB 11,500/ton (domestically produced).
Hubei Province: Wuhan Hengjiu Chemical Co., Ltd.: RMB 15,000/ton (99% purity).
Jiangsu Province: Nanjing Waien Chemical Technology Co., Ltd.: RMB 9,400/ton (99% purity); Nanjing Guanshan New Energy Industry Co., Ltd.: RMB 9,500/ton (≥99.4% purity).
Other Regions: Suzhou Senfeida Chemical Co., Ltd.: RMB 9,800/ton (Jiangsu Province/Suzhou City origin), RMB 8,800/ton (Shandong Province origin); Shandong Xima Supply Chain Management Co., Ltd.: RMB 8,400/ton (99.90% purity); Zibo Dehe Chemical Co., Ltd.: RMB 9,000/ton (99% purity).

- Price Divergence:
Low-price Segment: RMB 8,400–9,500/ton (e.g., Shandong Xima Supply Chain, Shandong Qiangsen Chemical, etc.).
High-price Segment: RMB 14,000–15,000/ton (e.g., Wuhan Hengjiu Chemical Co., Ltd.).

- Benchmark Price Volatility: According to B2B platform Shengyishe, the benchmark price declined from RMB 12,760/ton on June 3 to RMB 12,500/ton on June 9—a cumulative drop of 5.02%, placing it at a relatively low level within the past year. As of June 30, quotations in certain regions indicate a modest rebound.

II. Supply-Demand Dynamics
- Capacity Utilization Rate: As of June 4, domestic TMP capacity utilization stood at 62.82%, up 9.64 percentage points week-on-week, primarily driven by plant restarts in Shandong Province. Over the next four weeks, capacity utilization is projected to fluctuate between 40% and 55%, with several manufacturers scheduling maintenance shutdowns mid-June.
- Inventory & Operating Rates: Overall industry operating rates remain low; the average operating rate for 2023 was approximately 42%. Rapid capacity expansion has outpaced demand growth, resulting in supply surplus. Leading enterprises—including Baichuan Co., Ltd. and Hubei Yihua—maintain relatively high operating rates through technological optimization and cost control.

III. Market Drivers
- Downstream Application Demand:
UV Monomers: Account for ~60% of total TMP consumption. The global UV monomer market is projected to grow from USD 3.533 billion in 2023 to USD 5.507 billion by 2030, at a CAGR of 6.6%, thereby boosting demand for TMP as a key raw material.
Coatings & Adhesives: Environmental regulations promoting high-performance, low-VOC products are increasing demand for TMP-based formulations.
Emerging Applications: Rising demand for specialty resins and coatings in new-energy vehicles and electronic device manufacturing is expanding market opportunities.
- Cost Pressures: Prices of key feedstocks—acetone and propylene oxide—are sensitive to international crude oil price fluctuations, compressing producers’ profit margins.

IV. Competitive Landscape
- Market Share Distribution:
State-Owned Enterprises (SOEs): Sinopec and CNPC collectively hold over 40% market share, leveraging capital strength and scale advantages to dominate the market.
Private Enterprises: Companies such as Jiangsu Xinhai Petrochemical and Shandong Lukang Pharmaceutical account for ~15% market share, enhancing competitiveness via technological innovation and penetration into niche markets.
Foreign-Invested Enterprises: BASF, DuPont, and others hold ~10% share, occupying premium segments through technological superiority and global operational integration.
- Industry Concentration: The top five domestic producers—Baichuan Co., Ltd., Jiangxi Gaoxin Chemical, Shandong Perstorp, Hubei Yihua, and Chifeng Ruiyang—account for 87.8% of national TMP output, indicating a stable and highly consolidated competitive structure.

V. Analysis & Outlook
- Short-Term Outlook (July 2026):
Price Trend: With recent increases in capacity utilization and scheduled maintenance at select plants, supply may tighten temporarily. Concurrently, seasonal recovery in downstream UV monomer demand is expected to support pricing, leading to a high-range consolidation within RMB 12,000–15,000/ton.
Supply-Demand Balance: Low-capacity utilization and recovering downstream demand may offset each other, potentially easing short-term supply-demand imbalances.

- Medium-to-Long-Term Outlook (1–3 Years):
Market Size: China’s TMP market is projected to reach RMB 30 billion in 2026—up 50% from 2021—and exceed RMB 40 billion by 2031, growing at a CAGR of 6%.
Structural Upgrading: The share of premium products—such as low-toxicity, eco-friendly grades—is expected to rise above 30%, supporting industry profitability improvement.
Export Potential: Leveraging cost advantages and expanded production capacity, domestic producers are anticipated to achieve annual export growth of 10–15%, establishing exports as a new engine of growth.

- Key Risk Factors:
Feedstock Price Volatility: Crude oil price fluctuations could trigger cascading cost pressures across the value chain.
Environmental Regulations: Stricter emission standards may accelerate the exit of small- and medium-sized producers, intensifying competition among industry leaders.
International Trade Policies: Tariff adjustments or export restrictions could impact overseas market share.