Pentaerythritol Market New Opportunities, Segmentation Details With Financial Facts By 2026

Pentaerythritol Market

Pentaerythritol is an organic compound comprised of multiple (as many as four) hydroxyl groups and is present in white colored crystalline powder form with the formula C5H12O4.It contains sugar alcohols, which is why it is termed as polyhydric alcohol and acts as a key building block in the production of various components. Pentaerythritol is manufactured by reacting excess formaldehyde with acetaldehyde in an alkaline medium via the aldol condensation process, after which, the process is followed by a crossed Cannizzaro reaction. This process results in the production of white crystalline powder in huge quantities at an industrial scale. According to the statistics, nearly 225 million pounds of formaldehyde is used in the making of pentaerythritol, which is 3% of the total formaldehyde consumption. Acetaldehyde is also an important chemical intermediate, and almost 23% of total production is diverted into the manufacturing of pentaerythritol, in 2016, according to the Chemical Economics Handbook. Pentaerythritol has a vast scope of applications such as in alkyd varnishes and paints, radiation cure coatings, alkyd inks, plasticizers, lubricants, and alkyd adhesives and sealants, among others.

The Major Players Covered in this Report:
Baoding Guoxiu Chemical Industry (China), Ercros S.A (Spain), Hexion Inc. (U.S.), Hubei Yihua Chemical Industry Co., Ltd (China), Kanoria Chemicals and Industries Ltd (India), Methanol Chemicals Company (Saudi Arabia), MKS Marmara EntegreKimya (Turkey), Perstorp Holding AB (Sweden), Chifeng Ruiyang Chemical Co., Ltd (China), U-Jin Chemical Co., Ltd (South Korea) 

In 2018, the global pentaerythritol market was USD 1,326.1 Million and is expected to grow at the CAGR of 5.8% during the forecast period.

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Pentaerythritol Market: Segmentation

By Type, Technical Grade, Nitration Grade

By Application, Paint and Coating Additive, Adhesive and Sealant, Plasticizers, Varnishes and Lubricants, Others

Surging Demand for Pentaerythritol From the Construction Industry
The swift rise in industrialization, ongoing construction activities, and upcoming infrastructural development programs lure the demand for pentaerythritol. The thriving automotive industry, with an increase in production and sales, accelerates market growth. Growing preferences of industrialists toward pentaerythritol over electrical transformer dielectric fluid leaves a great impact on market growth. Characteristics such as low volatility, high melting point, high flash point, heat resistance, solubility, fire retardancy, weatherresistance, and alkali retardancy are some of the properties possessed by pentaerythritol that makes it ideal for usage in the construction industry. Pentaerythritol is also used in the making of printing inks and processing paper. Apart from this, paints and varnishes, floor coverings, and adhesives and sealants have pentaerythritol-based resin esters in their composition. Thus, the demand for pentaerythritol is expected to rise in the coming years.

Regional Analysis For Pentaerythritol Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Pentaerythritol are as follows:

• History Year: 2014-2019
• Base Year: 2019
• Estimated Year: 2020
• Forecast Year 2021 to 2026

The study objectives of this report are:

• To study and forecast the market size of the Pentaerythritol in the global market.
• To analyze the global key players, SWOT analysis, value, and global market share for top players.
• To define, describe and forecast the market by type, end-use, and region.
• To analyze and compare the market status and forecast among global major regions.
•  Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
• Identify the key trends and factors that are driving or holding back market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
• Strategic analysis of each submarket in light of individual growth trends and market contributions.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• Complete analysis of the strategic strategy and growth of key players

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