Global Pentaerythritol Market Research Report- Information By Application (Paints & Coatings, Plasticizers, Lubricants, Adhesive & Sealant, Inks, Varnishes, And Others) Region – Forecast Till 2023
PentaerythritolSegmentation
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.
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Pentaerythritol Industry Key Players : 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) among others.
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 Intended Audience
- Pentaerythritol manufacturers
- Traders and Distributors of pentaerythritol
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Pentaerythritol Segmentation
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 Regional Analysis
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.
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.
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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