Global Pentaerythritol Market – Industry Trends and Forecast to 2028

 The pentaerythritol market is expected to witness market growth at a rate of 4.5% in the forecast period of 2021 to 2028 and is expected to reach USD 2,346.466 million by 2028. Data Bridge Market Research report on the pentaerythritol market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for stable polyols across various derivatives manufacturing industries is escalating the growth of the pentaerythritol market

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Pentaerythritol or also referred to as 2,2-bis(hydroxymethyl)propane-1,3-diol, is a crystalline, odorless white, solid organic compound. It is tetrahydric neopentyl alcohol with the chemical formula of C5H12O4 and is non-volatile, non-hygroscopic, and stable in air. It is mainly utilized in the surface coating industries. Additionally, it is also utilized for the manufacturing of synthetic drying oils by esterification reaction and other reactions with the fatty acid esters. It possesses excellent properties like the high flash point and low volatility, which makes it a perfect alternative for dielectric fluids in the transformer.

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Major factors that are expected to boost the growth of the pentaerythritol market in the forecast period are the rise in industrialization and the growth of automotive production and sales. Furthermore, the increase in the building and construction activities around the world and the upsurging of automotive production coupled with the rise in the application scope like surface coating and lubricants is further anticipated to propel the growth of the pentaerythritol market. Moreover, the growth of the population, the increase in the per capita disposable income, and the rising of the consumer expenditure are further estimated to cushion the growth of the pentaerythritol market. On the other hand, the increasing need for formaldehyde and acetaldehyde for several applications is further projected to impede the growth of the pentaerythritol market in the timeline period.

Pentaerythritol Market Scope and Market Size

The pentaerythritol market is segmented on the basis of type, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. 

• On the basis of Types, the pentaerythritol market is segmented into pentaerythritol -95, pentaerythritol -98, and others.
• On the basis of application, the pentaerythritol market is segmented into paints and coatings, plasticizers, lubricants, adhesive and sealant, inks, varnishes, and other applications.

Pentaerythritol Market Country Level Analysis

The pentaerythritol market is analyzed, and market size, volume information is provided by country, type and application as referenced above.    

The countries covered in the pentaerythritol market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and rest of South America as part of South America. 

Asia-Pacific dominates the pentaerythritol market due to the constant development of several end-use industries such as transportation and automotive, agriculture, building and construction, and plastic industry, and so forth. Furthermore, the rise in disposable income and the increasing production and sales of an automotive vehicle will further boost the growth of the pentaerythritol market in the region during the forecast period. North America is projected to observe a significant amount of growth in the pentaerythritol market due to the recovery of the industrial sector. Moreover, the rise in the expenses on renovation and maintenance of the construction sector is further anticipated to propel the growth of the pentaerythritol market in the region in the coming years.

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Competitive Landscape and Pentaerythritol Market Share Analysis

The pentaerythritol market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the pentaerythritol market.

The major players covered in the pentaerythritol market report are Celanese Corporation, Perstorp Holding AB, Ercros S.A, Merck KGaA, Dermstdat, Germany, Hubei Yihua Group Co Ltd, Mitsui Chemicals, Inc., SAMYANG CORPORATION, The Chemical Company, Kanoria Chemicals & Industries Ltd., jiangsu kailin ruiyang chemicai co., L.T.D., U-JIN Chemical Co.,Ltd, KOEI CHEMICAL CO., LTD., Y.P.H., LCY GROUP., Hengyang Sanhua Industry Company Limited, Eastman Chemical Company, BASF SE, LG Chem, MITSUBISHI GAS CHEMICAL COMPANY, INc., and OQ Chemicals GmbH, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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