The Global Pentaerythritol Market size was USD 890.51 million in 2019 and is projected to reach USD 1.05 billion by 2027, growing at a CAGR of 2.3% during the forecast period.

Growing demand for stable polyols across several derivatives manufacturing industries is expected to drive market growth. Pentaerythritol has been gaining prominence as a substitute for electrical transformer fluids owing to its biodegradability and safe nature.

Various characteristics such as low volatility, as well as high flash point offer ignition resistance owing to which, pentaerythritol has emerged as an ideal substitute for dielectric fluids used for transformers. Increasing the application of pentaerythritol in transformer dielectric fluids is also expected to have a positive growth impact on the market over the forecast period. Pentaerythritol finds applications in numerous end-use industries, which include automotive, paints, and construction. Automotive applications such as lubricants, interior, coatings, and polyurethane foam have increased over the last few years.

Population expansion and increasing disposable income in addition to the willingness to spend, have driven infrastructural developments in emerging economies of the Asia Pacific and Latin America, which would fuel market demand in the coming years.

The burgeoning middle class, along with initiatives from governments towards cheaper home loans, has driven the construction industry in countries such as India and China. Expanding the automotive and construction industries in these countries are expected to drive the demand for pentaerythritol market.

Increasing demand for substitutes, including formaldehyde and acetaldehyde for applications in paints, coatings, and synthetic rubber, is anticipated to pose a challenge for the growth of the pentaerythritol market. Volatile raw material prices may hinder the growth over the forecast period.

Competitive Landscape:

Some of the prominent companies in the field include Ercros SA, Celanese Corp., Holding AB, Perstorp, Evonik, Zarja Chemical, Yunnan Yuntianhua, Ruiyang Chemical, Henan Pengcheng Group, Baoding Guoxiu Chemical Industry, Hubei Yihua Group Co. Ltd., Mitsui Chemicals Inc., U-Jin Chemical, Shahid Rasouli, MKS Marmara Entegre Kimya, Kanoria Chemicals & Industries Limited, Copenor.

Application Outlook:

On the basis of applications, the pentaerythritol market has been classified into alkyd inks, alkyd paints, alkyd adhesives and sealants, and others. Alkyd paints was the leading application segment in 2019. The increasing use of alkyd paints in the automotive and construction industries is projected to drive growth over the coming years.

Alkyd ink segment is projected to grow at a fast rate but has a low penetration rate. The rising demand for pentaerythritol is speculated to boost the growth of alkyd inks. This alkyd ink exhibits properties such as pigment interaction and film foaming. Phthalate is the most used type of plasticizer.

Get a sample copy of the Pentaerythritol Market report: https://www.reportsanddata.com/download-free-sample/348

Segments covered in the report

This report shows revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2017 to 2027. For this study, Reports and Data has segmented the pentaerythritol market based on type, application, and region

Type Outlook (Revenue in USD Million; 2017–2027)

• Pentaerythritol -95
• Pentaerythritol -98
• Others

Application Outlook (Revenue in USD Million; 2017–2027)

• Alkyd Paints
• Alkyd Inks
• Alkyd Adhesives and Sealants
• Others

 Pentaerythritol Market: Drive factors

Factors Driving the Pentaerythritol Market:

1.      Growing Demand in Various Industries: The pentaerythritol market is being driven by the increasing demand for the compound in various industries. Pentaerythritol is extensively used in the production of alkyd resins, which find applications in coatings, paints, and varnishes. Additionally, it is used in the manufacturing of synthetic lubricants, plasticizers, explosives, and adhesives. The rising demand for these end-use products fuels the growth of the pentaerythritol market.

2.      Expansion of Construction and Automotive Sectors: The construction and automotive sectors are significant consumers of coatings, paints, and varnishes, which are major applications of pentaerythritol. The growth of these sectors, particularly in emerging economies, drives the demand for pentaerythritol. Increasing urbanization, infrastructure development, and the rising purchasing power of consumers contribute to the expansion of these sectors and, consequently, the pentaerythritol market.

3.      Shifting Consumer Preferences towards Environmentally Friendly Products: Pentaerythritol is considered an environmentally friendly compound due to its low toxicity and biodegradability. With growing environmental concerns, there is a rising demand for sustainable and eco-friendly products. Pentaerythritol meets these requirements, leading to its increased adoption in various applications. The shift in consumer preferences towards environmentally friendly options acts as a driving factor for the pentaerythritol market.

4.      Technological Advancements and Product Innovations: Ongoing technological advancements and product innovations in the pentaerythritol industry contribute to market growth. Manufacturers are continuously investing in research and development activities to improve the quality and performance of pentaerythritol-based products. This enhances their suitability for diverse applications and expands their market potential, driving the overall growth of the pentaerythritol market.

Overall, the pentaerythritol market is driven by the growing demand in industries such as coatings, paints, varnishes, construction, automotive, and adhesives. Additionally, the shift towards environmentally friendly products, technological advancements, and the rise in disposable income and standards of living act as significant driving factors for the market's growth.

Explore Trending Reports:

Long Fiber Thermoplastics Market: https://www.reportsanddata.com/report-detail/long-fiber-thermoplastics-market

Membrane Contactor Market: https://www.reportsanddata.com/report-detail/membrane-contactor-market

Corn Fiber Market: https://www.reportsanddata.com/report-detail/corn-fiber-market

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/348

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data    

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact:

John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs