Global Pentaerythritol Market, By Application (Plasticizers, Paints & Coatings, Lubricants, Adhesive

Published Date: | Report Code : CH1958612

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The Pentaerythritol Market is expected to promise high growth owing to the increasing demand for automotive in recent years. Increasing demand from applications such as plasticizers, paints & coatings, lubricants, adhesives & sealants, varnishes, inks, others are expected to drive the growth of the pentaerythritol market. This market has witnessed a number of key developments by major companies including Celanese Corporation, Ercros S.A, Merck KGaA, Mitsui Chemicals, Inc, Samyang Chemical Corporation, and others with a focus on organic as well as inorganic growth strategies.  Developing regions including Asia Pacific and Middle East have been among the high potential markets with high growth in some of the key economies.

Pentaerythritol is a white, odorless, crystalline, organic compound, that has the chemical formula of C5H12O4. It is a tetrahydric neopentyl alcohol that has the characteristics of being non-volatile, non-hygroscopic, and it is also stable when exposed to air. It has various properties of a high flash point and low volatility, that make it a suitable substitute for the fluids used in the transformer. It also possess many excellent properties such as luster, alkali and water resistance and flexibility which make it great for use in many applications.

Segment Analysis:

This market is segmented based on the application and region.

Based on the application it is divided into Plasticizers, Paints & Coatings, Lubricants, Adhesives & Sealants, Varnishes, Inks, and Others. The paint & coatings segment is the leading segment as these have a wide application in the many end use industries such as automotive, construction, among others.

From among the other applications, plasticizers are expected to grow the fastest, as there is a growing demand for polymers with the properties of resistance against chemicals and flames.

The demand for Pentaerythritol is the most in the APAC region as there has been continuous development and industrialization in this region due to the growth of the end use industries such as construction, automotive, agriculture, plastic and many others. The increasing disposable income from the countries of this region is also a driver for the market as it has led to a growth in automotive sales.

Key Factors Impacting Market Growth:

  • Increase in the demand of automotives

  • Growing constructions activities

Regional Analysis:

On the basis of the region, the pentaerythritol market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in the pentaerythritol market during the forecast period. This demand is with regards to the growth of major applications such as plasticizers, paints & coatings, lubricants, adhesives & sealants, varnishes, inks, others. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for the pentaerythritol market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the pentaerythritol market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Celanese Corporation, Ercros S.A, Merck KGaA, Mitsui Chemicals, Inc, Samyang Chemical Corporation, Methanol Chemicals Company, Kanoria Chemicals & Industries Limited, and Jiangsu Ruiyang Chemical Co., Ltd...

Market Segmentation:

By Application:

  • Plasticizers

  • Paints & Coatings

  • Lubricants

  • Adhesives & Sealants

  • Varnishes

  • Inks

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global Pentaerythritol market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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