Pentaerythritol Market Size, Industry Share, Evaluation, Global Growth, Recent Developments and Latest Technology, Future Forecast Research Report 2023

Pentaerythritol Market Size, Industry Share,  Evaluation, Global Growth, Recent Developments and Latest Technology, Future Forecast Research Report 2023

“Global Pentaerythritol Market Share by application 2019-2023”
Pentaerythritol Market 2019 Global Market research report studies latest Pentaerythritol industry aspects market size, share, trends, growth, business overview and Pentaerythritol industry scenario during the forecast period (2019-2023)

Pentaerythritol Market Overview

Pentaerythritol (C5H12O4) is a white, crystalline powder, which contains four hydroxyl groups and is derived from aldol condensation process of acetaldehyde and formaldehyde. Derivatives of pentaerythritol such as pentaerythritol tetranitrate, pentaerythritol tri-acrylate, pentaerythritol esters, and dipentaerythritol are used in the production of explosives, paints, inks, and others.

Pentaerythritol finds wide usage in various ends use applications such as lubricants, inks, adhesive & sealant, paints & coatings, plasticizers, varnishes, and others on account of their superior adhesion, weather & chemical resistance, high melting point, and high flash point.

Pentaerythritol Industry Competitive Analysis

The major players operating in the pentaerythritol are Celanese Corporation (U.S.), Perstorp Holding AB (Sweden), Ercros S.A (Spain), Merck KGaA (Germany), Hubei Yihua Group Co.,Ltd (China), Mitsui Chemicals, Inc (Japan), Samyang Chemical Corporation (South Korea), Methanol Chemicals Company (Saudi Arabia), Kanoria Chemicals & Industries Limited (India), Jiangsu Ruiyang Chemical Co., Ltd. (China), U-JIN Chemical Co.,Ltd  (South Korea)

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Some of the prominent factors that positively influence the growth of the pentaerythritol market are increasing consumption in the production of lubricants, growing urbanization, and improved living standard. Moreover, booming building & construction sector along with increasing consumption of pentaerythritol-based adhesive & sealant is estimated to drive the growth of the market over the forecast period 2017-2023.

Increasing mining activities to extract minerals along with rising consumption of pentaerythritol-based explosives is estimated to propel the growth of the market in various economies across the globe. Increasing middle-class population along with government initiatives such as housing for all and cheaper loans in developing countries has driven the construction sector which is likely to propel the growth of the market during the review period.

Pentaerythritol Market Segmentation

The global pentaerythritol market is further classified on the basis of the application, and region. On the basis of the application, the market is segmented into paints & coatings, plasticizers, lubricants, adhesive & sealant, inks, varnishes, and others. Other application of pentaerythritol includes medicine, pesticide, flame retardants, and explosives.

Among them, paints & coatings accounted for the largest market share in 2016 and is estimated to hold around 39% of the total application market share. The factors behind the segmental growth are rising automotive production and sales, increasing consumption of high-quality paints & coatings in the construction and transportation sector.

Adhesive and sealant application segment is expected to register healthy growth over the assessment period at a healthy CAGR due to increasing various rail-road construction projects in emerging economies across the globe. Furthermore, increasing health-related awareness coupled with the continuous growth of the pharmaceutical & healthcare sector in developed and developing countries is estimated to drive the growth of the market over the assessment period. Rising innovation and R&D activities to develop bio-based polyols along with stringent regulations regarding solvent-based coatings is estimated to give new momentum to the growth of the market.

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Pentaerythritol Industry Regional Analysis

The Asia Pacific is estimated to be the largest pentaerythritol market in 2016, which is further followed by Europe and trailed by North America on account of growing demand from paints & coatings, lubricants, and adhesive & sealants among others.

In Europe, Italy, Germany, and France are estimated to capture the largest market share and is projected to retain their dominance owing to rising demand from automotive & other transportation manufacturers.

In North America, the U.S. and Canada are among the leading contributors to the regional pentaerythritol market and is estimated to retain their dominance over the estimated period due to the strong growth of the pharmaceutical sector and increasing demand from the mining sector.

Developing countries of Latin America and the Middle East & Africa is expected to register a significant growth on account of increasing quarrying and mining activities along with rising construction sector in this region.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Pentaerythritol Market

5 Industry Overview Of Global Pentaerythritol Market

LIST OF FIGURES

FIGURE 1 Global Pentaerythritol Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis Of Global Pentaerythritol Market

FIGURE 4 Value Chain Of Global Pentaerythritol Market

FIGURE 5 Share Of Global Pentaerythritol Market In 2016, By Country (In %)

FIGURE 6 Global Pentaerythritol Market, 2016-2023,

FIGURE 7 Sub Segments Of Application

FIGURE 8 Global Pentaerythritol Market Size By Application, 2016

FIGURE 9 Share Of Global Pentaerythritol Market By Application, 2016 To 2023

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