The Global Cyclic Trimethylolpropane Formal Acrylate (CTFA) Market was valued at USD 148.7 Million in 2024 and is projected to reach USD 286.9 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period (2024–2032). This growth is being driven by increasing demand for high-performance radiation-curable coatings, strong growth in synthetic lubricants applications, and the accelerating adoption of sustainable material solutions across industrial, automotive, and electronics sectors.
As the specialty chemicals industry advances toward greener formulations and enhanced performance characteristics, the spotlight is on the key CTFA manufacturers who are driving innovation, efficiency, and cleaner chemical pathways. In this blog, we profile the Top 10 Companies in the Cyclic Trimethylolpropane Formal Acrylate (CTFA) Industry—a mix of global chemical leaders, specialized producers, and sustainable chemistry pioneers shaping the future of advanced materials.
🔟 1. Perstorp Holding AB
Headquarters: Malmö, Sweden
Key Offering: Industrial Grade CTFA, High-Purity CTFA, and Sustainable Variants
Perstorp is among the world’s leading specialty chemicals companies, offering Cyclic Trimethylolpropane Formal Acrylate across global markets. Their advanced materials division serves coatings manufacturers, adhesives producers, and lubricant formulators, with growing investments in sustainable CTFA technologies and bio-based formulations.
Sustainability Initiatives:
- Scaling advanced bio-based acrylates
- CTFA partnerships with global coatings companies
- Committed to becoming Finite Material Neutral by 2030
Download FREE Sample Report: Cyclic Trimethylolpropane Formal Acrylate (CTFA) Market – View in Detailed Research Report
9️⃣ 2. Sartomer (Arkema Group)
Headquarters: Exton, Pennsylvania, USA
Key Offering: High-Performance CTFA, Radiation-Curing CTFA
Sartomer operates as a leading global supplier of specialty acrylates, including CTFA formulations optimized for UV-curable applications across multiple industries.
Sustainability Initiatives:
- Strategic investments in sustainable acrylate technologies
- Development of CTFA variants with enhanced environmental profiles
8️⃣ 3. DSM (Now Part of Covestro)
Headquarters: Heerlen, Netherlands
Key Offering: Specialty CTFA Grades, Industrial Formulations
DSM’s advanced materials business has developed specialized CTFA formulations that offer superior performance in demanding applications while meeting evolving environmental standards.
Sustainability Initiatives:
- Bio-based CTFA development programs
- Partnerships with major industrial coating manufacturers
7️⃣ 4. Miwon Specialty Chemical Co., Ltd.
Headquarters: Seoul, South Korea
Key Offering: Radiation-Curing CTFA, Electronic Grade CTFAMiwon is a key player in the Asian CTFA market, supplying high-performance acrylates to the region’s growing coatings and electronics industries.
Sustainability Initiatives:
- Expansion of CTFA production capacity in Asia-Pacific
6️⃣ 5. Nippon Shokubai Co., Ltd.
Headquarters: Osaka, Japan
Key Offering: High-Purity CTFA, Electronics Grade CTFANippon Shokubai has established itself as a major CTFA supplier in the Japanese market, with expanding presence across Southeast Asia through strategic partnerships and joint ventures.
Sustainability Initiatives:
- Energy-efficient CTFA manufacturing processes
- Development of sustainable acrylate solutions for industrial applications
Download FREE Sample Report: Cyclic Trimethylolpropane Formal Acrylate (CTFA) Market – View in Detailed Research Report
5️⃣ 6. KPX Green Chemical Co., Ltd.
Headquarters: Seoul, South Korea
Key Offering: Industrial Grade CTFA, Custom CTFA FormulationsKPX Green Chemical has strengthened its position in the Asian CTFA market through continuous technological innovation and capacity expansion initiatives.
Sustainability Initiatives:
- Development of eco-friendly CTFA variants
- Investments in sustainable acrylate technologies
4️⃣ 7. Jilin Petrochemical Company (CNPC)
Headquarters: Jilin, China
Key Offering: Standard CTFA, Industrial Acrylate SolutionsJilin Petrochemical serves as a key domestic CTFA supplier in China’s rapidly expanding market, with production optimized for radiation-curing applications and synthetic lubricant formulations.
Sustainability Initiatives:
- CTFA production optimization for reduced environmental impact
- Research into cost-effective CTFA production methods
3️⃣ 8. Osaka Organic Chemical Industry Ltd.
Headquarters: Osaka, Japan
Key Offering: High-Performance CTFA, Radiation-Curing MonomersOsaka Organic Chemical has established a strong position in the Japanese CTFA market, supplying advanced acrylate solutions to domestic and international customers across multiple industries and applications.
Sustainability Initiatives:
- Development of sustainable acrylate formulations
2️⃣ 9. BASF SE
Headquarters: Ludwigshafen, Germany
Key Offering: Specialty Acrylates, CTFA for Industrial ApplicationsBASF’s performance materials division supplies CTFA to global customers, with focus on high-performance applications requiring excellent chemical resistance and durability.
Sustainability Initiatives:
- Investments in sustainable chemical production technologies
- Development of CTFA variants optimized for specific industry requirements and environmental standards.
1️⃣ 10. IGM Resins B.V.
Headquarters: Waalwijk, Netherlands
Key Offering: Radiation-Curing CTFA, High-Performance FormulationsIGM Resins has developed specialized CTFA formulations for demanding applications, with continuous innovation in production efficiency and product quality.
Sustainability Initiatives:
- Development of sustainable photoinitiator-CTFA systems
🌍 Outlook: The Future of Cyclic Trimethylolpropane Formal Acrylate is Greener and More Versatile
The CTFA market is undergoing a dynamic transformation. While traditional applications still dominate consumption, the industry is increasingly focusing on sustainable formulations, advanced production technologies, and expanding application portfolios across multiple industrial sectors.
📈 Key Trends Shaping the Market:
- Rapid expansion of radiation-curing technologies in emerging markets
- Regulatory push for lower VOC emissions and sustainable chemical solutions
- Digitalization of chemical manufacturing processes and supply chain optimization
- Strategic partnerships between CTFA producers and end-user industries
Get Full Report Here: Cyclic Trimethylolpropane Formal Acrylate (CTFA) Market – View in Detailed Research Report
The companies listed above are not only supplying advanced materials—they’re spearheading the sustainable transformation of industrial applications worldwide.
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