Market Research Report
Pentaerythritol Market Forecasts to 2028 - Global Analysis By Product (Di-Pentaerythritol, Mono Pentaerythritol, Tri-Pentaerythritol), End User (Agriculture, Automobiles, Construction) and By Geography
|Pentaerythritol Market Forecasts to 2028 - Global Analysis By Product (Di-Pentaerythritol, Mono Pentaerythritol, Tri-Pentaerythritol), End User (Agriculture, Automobiles, Construction) and By Geography|
Published: August 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Pentaerythritol Market is accounted for $725.70 million in 2020 and is expected to reach $1,016.32 million by 2028 growing at a CAGR of 4.3% during the forecast period. The growing demand for stable polyols across several derivatives manufacturing industries and increasing application of pentaerythritol in transformer dielectric fluids are the factors driving the market growth. However, demand for formaldehyde and acetaldehyde is hampering the growth of the market.
Pentaerythritol or 2,2-bis(hydroxymethyl)propane-1,3-diol is an odorless white, crystalline, solid organic compound. It is tetrahydric neopentyl alcohol with chemical formula C5H12O4 and is non-hygroscopic, non-volatile, and stable in air. It is predominantly used in the surface coating industries.
Based on the application, the paints & coatings segment is going to have lucrative growth during the forecast period due to the increasing demand in the automotive and construction industries.
By geography, Asia Pacific is going to have high growth during the forecast period owing to the factors such as continuous expansion of various end-use industries, increasing disposable income along with growing production and sales of an automotive vehicle, rising purchasing power, inexpensive labor and land cost, low production set up cost, and moderately stringent regulatory framework.
Some of the key players profiled in the Pentaerythritol Market include Baoding Guoxiu Chemical Industry, Celanese Corp, Ercros SA, Evonik, Henan Pengcheng Group, Holding AB, Hubei Yihua Group Co. Ltd, Kanoria Chemicals & Industries Limited, Mitsui Chemicals Inc, Perstorp, Ruiyang Chemical, Shahid Rasouli, U-Jin Chemical, Yunnan Yuntianhua, and Zarja Chemical.
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NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.