Pentaerythritol Market Forecasts to 2028 – Global Analysis By Product (Di-Pentaerythritol, Mono Pentaerythritol, Tri-Pentaerythritol), End User (Agriculture, Automobiles, Construction) and By Geography
According to Stratistics MRC, the Global Pentaerythritol Market is accounted for $725.70 million in 2020 and is expected to reach $1,016.32 million by 2028 growing at a CAGR of 4.3% during the forecast period. The growing demand for stable polyols across several derivatives manufacturing industries and increasing application of pentaerythritol in transformer dielectric fluids are the factors driving the market growth. However, demand for formaldehyde and acetaldehyde is hampering the growth of the market.
Pentaerythritol or 2,2-bis(hydroxymethyl)propane-1,3-diol is an odorless white, crystalline, solid organic compound. It is tetrahydric neopentyl alcohol with chemical formula C5H12O4 and is non-hygroscopic, non-volatile, and stable in air. It is predominantly used in the surface coating industries.
Based on the application, the paints & coatings segment is going to have lucrative growth during the forecast period due to the increasing demand in the automotive and construction industries.
By geography, Asia Pacific is going to have high growth during the forecast period owing to the factors such as continuous expansion of various end-use industries, increasing disposable income along with growing production and sales of an automotive vehicle, rising purchasing power, inexpensive labor and land cost, low production set up cost, and moderately stringent regulatory framework.
Some of the key players profiled in the Pentaerythritol Market include Baoding Guoxiu Chemical Industry, Celanese Corp, Ercros SA, Evonik, Henan Pengcheng Group, Holding AB, Hubei Yihua Group Co. Ltd, Kanoria Chemicals & Industries Limited, Mitsui Chemicals Inc, Perstorp, Ruiyang Chemical, Shahid Rasouli, U-Jin Chemical, Yunnan Yuntianhua, and Zarja Chemical.
Estimated Market Size in 2020:
USD 725.70 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1,016.32 million
Tables, Graphs & Figures
Type, Product, Grade, Application, End User, Sales Channel, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Pentaerythritol -95
• Pentaerythritol -98
• Mono Pentaerythritol
• Nitration Grade
• Technical Grade
• Alkyd Adhesives and Sealants
• Alkyd Inks
• Alkyd Varnishes
• Paints & Coatings
• Radiation Cure Coatings
• Other Applications
End Users Covered:
Sales Channels Covered:
• Online Channel
• Traditional Marketing Channel (Offline)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2054 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Pentaerythritol Market is majorly driven by growing demand for stable polyols across several derivatives manufacturing industries and increasing application of pentaerythritol in transformer dielectric fluids.
The automobiles segment is growing at a highest CAGR owing to the wide range of applications of pentaerythritol in vehicle exterior as well as interior parts.
North America dominated with a significant market share due to the factors such as increasing onshore and offshore activities and growing pharmaceutical sector.
Europe market is growing at a highest CAGR owing to the strong presence of automotive manufacturers in the region.
Key players in Pentaerythritol Market include Baoding Guoxiu Chemical Industry, Celanese Corp, Ercros SA, Evonik, Henan Pengcheng Group, Holding AB, Hubei Yihua Group Co. Ltd, Kanoria Chemicals & Industries Limited, Mitsui Chemicals Inc, Perstorp, Ruiyang Chemical, Shahid Rasouli, U-Jin Chemical, Yunnan Yuntianhua, and Zarja Chemical.
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