Pentaerythritol Market – Overview
Pentaerythritol is a solid organic compound and find usage in some of the end use application such as plasticizers, adhesive & sealants, lubricants, paints & coatings, varnishes, inks, and others. The pentaerythritol market is projected to witness significant growth on account of their superior stability combined with excellent usage in various end use industries specifically in building & construction, automotive & transportation, and others. Paints & Coatings holds for the largest application segment and is estimated to retain their dominance due to expanding construction activities in emerging economies. The factors attributed to the pentaerythritol market growth are continuous growth of automotive industry in developing countries, growing mining and exploration activities, and high adoption rate in numerous end use application. Furthermore, expanding population coupled with burgeoning demand for good quality lubricants has raised the consumption of pentaerythritol which is likely to fuel the growth of the market over the estimated period.
Industry/ Innovation/ Related News:
February 2016- Perstorp announced to sign an agreement with Maharashtra Industrial Development Corporation to invest in a new production plant for pentaerythritol in India. This agreement will help company to boost their position in the Asian Market and tap the increasing market for coatings in India.
July 2015- Perstorp announced to acquire the pentaerythritol, sodium formate, and di-penta business from Japan’s Koei Chemical Company Ltd. This capacity expansion will help Perstorp to expand their global reach across the globe.
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KEY PLAYERS ANALYSIS :-
- Samyang Chemical Corporation
- Methanol Chemicals Company
- Kanoria Chemicals
- Perstorp Holding AB
- Ercros S.A
- Merck KGaA
- Hubei Yihua Group Co
- Jiangsu Ruiyang Chemical Co
- U-JIN Chemical Co.
Asia Pacific is anticipated to hold the leading pentaerythritol market share in 2016 which is followed by Europe and further trailed by North America. In North America the pentaerythritol market is anticipated to exhibit moderate growth over the assessment period owing to growing awareness regarding the benefits associated with product coupled with raised consumption in end use application in this region. Asia Pacific is predicted to witness substantial growth over the forecast period in pentaerythritol market due to growing application of pentaerythritol in various end use application segment. In Asia Pacific, the demand for pentaerythritol is predicted to enhance in numerous countries such Indonesia, the Philippines, Taiwan, India, Japan, South Korea, and China due to increasing population coupled with shifting of production units for most of the key manufacturers in this region. In Europe, pentaerythritol market is projected to register above average growth due to shifting consumer preference towards the pentaerythritol along with high adoption rate in paints & coatings and plasticizer application specifically in Germany, Poland, Spain, UK, France, Italy, Belgium, and Russia.
Europe emerged as the second largest market for pentaerythritol in 2016 followed by North America. North America is projected to witness a lucrative growth in pentaerythritol market owing to recovery of industrial sector along with growing expenditure on renovation & maintenance of construction sector during the assessment period. The U.S. is estimated to hold over two-thirds regional market share and is expected to retain its dominance on account of increasing pharmaceutical sector along with increasing onshore and offshore activities. European countries such as the U.K, Germany, France, Italy, and Russia are among the leading contributors to the regional market growth owing to the strong presence of automotive manufacturers along with rising innovation and R&D activities to develop bio-based lubricants. In Latin America, countries such as Mexico, Argentina, Brazil, Colombia, and Venezuela are expected to witness a steady growth on account of the robust consumer base for automotive & transportation sector. The Middle East & Africa is predicted to witness lucrative growth due to increasing building & construction activities specifically in the United Arab Emirates, Saudi Arabia, Kuwait, and Turkey.
PENTAERYTHRITOL COMPETITIVE LANDSCAPE:
The Pentaerythritol report has analysed the degree of competition among the major producers in pentaerythritol market as well as sector growth and market scenario. The global pentaerythritol market comprises of broad range of suppliers operating in the market which involves medium level and large scale suppliers. Some of the key players of pentaerythritol which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high level suppliers belongs to this province specifically from Japan, Australia, China, India, South Korea, the Philippines, Malaysia, Taiwan, and Thailand. Moreover, the key manufacturers of pentaerythritol are observed to follow numerous strategic plans to enhance their product portfolio such as product launches, strategic acquisition, distribution agreements, joint ventures, and mergers, and exclusive agreements. The key manufacturers in this market are expected to enhance their manufacturing capacity of pentaerythritol to meet the rising demand for pentaerythritol worldwide.
- Pentaerythritol manufacturers
- Traders and Distributors of pentaerythritol
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
MAJOR POINTS FROM 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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