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Global Pentaerythritol Market Worldwide Key Players, Industry Overview, Growth Rate, Supply, Drivers and Consumption Demand Analysis to 2024

04-10-2019 02:12 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: PS Intelligence

Global Pentaerythritol Market Worldwide Key Players, Industry

Emerging innovative applications of pentaerythritol such as marine coatings and therapeutics are expected to provide vast opportunities for the major players operating in the global pentaerythritol market. Development of new products along with the growth of niche application market segments such as flame retardants and explosives is expected to create new market opportunities for the pentaerythritol market participant.

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Pentaerythritol tetranitrate (PETN) is widely used as high explosive (with a relative effectiveness factor of 1.66) and as a vasodilator in treating angina pectoris, as a mixture with minor additives and RDX; it forms another plastic explosive named semtex. Pentaerythritol tetra-oleate, pentaerythritol tetrastearate, pentaerythrityl tetraisostearate, pentaerythritol tetracaprylate/caprate, pentaerythritol mono-oleate are some forms of pentaerythritol esters.

Pentaerythritol esters are an environment friendly substitute for fluids that are electrically transformed as they are biodegradable and less hazardous in water. Properties such as high flash point and low volatility offer resistance to ignition and make pentaerythritol an ideal substitute for dielectric fluids used in transformers.

One major trend in the pentaerythritol market is the use of pentaerythritol for automobile industry applications such as coatings, interiors, and high-grade lubricants. Pentaerythritol is also used in the synthesis of polyurethane foams, which are used in automobile interiors. Pentaerythritol finds its use in various industries such as paints, automobiles, construction and others.

Increasing use of alkyd paints in automotive and construction industry, especially in developing countries, is anticipated to lead the growth for the pentaerythritol market. In addition, environmentally friendly property of pentaerythritol is a key growth driver for pentaerythritol market. Pentaerythritol is also widely used as a substitute for electrical transformer fluid which is a major driver of the global pentaerythritol market.

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Pentaerythritol is a white, crystalline, water-soluble organic powder (in powder form) with the formula C5H12O4. Pentaerythritol is an alcohol with four hydroxyl groups. It is manufactured using acetaldehyde and formaldehyde through the aldol condensation process, which is followed by a crossed cannizzaro reaction.

Components of alkyd resins, polyvinyl chloride (PVC) stablizers, varnishes, tall oil esters and olefin antioxidants are some of the derivatives of pentaerythritol. Pentaerythritol has different derivatives such as pentaerythritol tetranitrate (nitrate ester of pentaerythritol), pentaerythritol esters, dipentaerythritol and pentaerythritol tri-acrylate.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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