Pentaerythritol Market Size, Development History, Current Analysis and EstimatedPosted by Rishab Gupta on December 4th, 2019 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 Key Players
Pentaerythritol Segments The global pentaerythritol market is categorized on the basis of application, and region. On the basis of the application, the market is categorized into paints & coatings, plasticizers, lubricants, adhesive & sealant, inks, varnishes, and others. Others application comprises of medicine, flame retardants, pesticide, and explosives. On the basis of the regions, pentaerythritol market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa. Pentaerythritol Regions The global pentaerythritol market spanned over five regions: Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa. The Asia Pacific region is estimated to grow at the highest CAGR over the forecast period on account of the continuous expansion of various end-use industries such as transportation & automotive, agriculture, building & construction, and plastic industry among others. The demand for pentaerythritol is estimated to surge in several countries of the Asia Pacific such as South Korea, China, India, the Philippines, Australia, Taiwan, Japan, Thailand, Malaysia, Indonesia, Bangladesh, and Vietnam due to increasing population along with rising consumption of pesticide to produce high-quality crops. Moreover increasing disposable income along with growing production and sales of an automotive vehicle is estimated to propel the market growth in this region. Additionally, rising purchasing power, inexpensive labor and land cost, low production set up cost, and moderately stringent regulatory framework are some of the important factors in the regional market growth. The Asia Pacific is estimated to be the largest pentaerythritol market in 2019, 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 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 2019, By Country (In %) Like it? Share it! More by this author |