The global pentaerythritol market exhibited moderate growth during 2015-2020.
Looking forward, the analyst expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Pentaerythritol, or tetramethyl methane, is a white crystalline powder that is primarily used in the manufacturing of synthetic lubricants and resins. It is an organic compound that is produced by the condensation of acetaldehyde and formaldehyde and is used in high-quality surface coatings, refrigeration systems and varnishes. It is soluble in organic solvents, such as glycerol, ethanol, acetone, carbon tetrachloride and petroleum and exhibits physical properties, such as high flash point, resistance to ignition, high thermal stability and low volatility. It also exhibits high luster, flexibility and water and alkali resistance, owing to which it is widely used in the manufacturing of medicines, flame retardants, pesticides and explosives.
Extensive utilization of pentaerythritol in the automotive industry is one of the key factors driving the growth of the market. In this industry, pentaerythritol is used in the manufacturing of automotive lubricants and polyurethane foams that are integrated into vehicle interiors and door handles, bumper systems, gear knobs, dashboards and seat cushions. Furthermore, the increasing demand for formaldehyde and acetaldehyde substitutes in the production of paints, coatings, alkyd adhesives, plasticizers, radiation-cured coatings and industrial inks and synthetic rubber is also providing a boost to the market growth. Apart from this, various industries are using pentaerythritol as a stable alternative for electrical transformer liquids. Additionally, growing environmental consciousness among the masses that has led to an increasing preference for bio-based polyols, including pentaerythritol, is creating a positive outlook for the market. Other factors, including rapid industrialization, along with extensive research and development (R&D) activities, are projected to drive the market further.
Breakup by Product Type: Penaerythritol-95 Penaerythritol-98 Others
Breakup by End-Use Industry: Paints Automobiles Construction Others
Breakup by Region: North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The report has also analysed the competitive landscape of the market with some of the key players being Celanese Corporation, Copenor, Ercros S.A, Hubei Yihua Group Co. Ltd., Merck KGaA, Mitsui Chemicals Inc., etc. Key Questions Answered in This Report:
How has the global pentaerythritol market performed so far and how will it perform in the coming years? What are the key regional markets? What has been the impact of COVID-19 on the global pentaerythritol market? What is the breakup of the market based on the product type? What is the breakup of the market based on the application? What is the breakup of the market based on the end-use industry? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global pentaerythritol market and who are the key players? What is the degree of competition in the industry?
Our reports have been used by over 10K customers, including:
The global synthetic latex polymers market reached a value of US$ 31 Billion in 2020. Synthetic latex is a laboratory-made aqueous dispersion of petroleum polymers. It is an artificially synthesized compound with high-strength, flexibility and water-resistance properties. These polymers are derived from styrene and...
The industrial agitator market is expected to grow from US$ 1,931.76 million in 2021 to US$ 2,638.61 million by 2028; it is estimated to grow at a CAGR of 4.0% during 2021-2028. The industrial agitator market is widely used in food and beverages, paint, and coatings, chemical, mineral, pharmaceutical, cosmetics, paper & pulp, water...
Global ADAS and Autonomous Sensor Maintenance Equipment Market to reach $34.6 Million by 2031 Market Report Coverage - ADAS and Autonomous Sensor Maintenance Equipment Market Segmentation • Level of Autonomy: Level 3, Level 4, and Level 5 • Vehicle Type: Passenger Vehicle and Commercial...
Root Canal Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product (Instruments, and Consumables); End User (Hospitals, Dental Clinics, and Others), and Geography The Root Canal market is projected to reach US$ 1,388.29 million by 2028 from US$ 1,018.21 million in 2021; it is expected to grow at a CAGR of 4.5% from 2021...
The global digital manufacturing market exhibited moderate growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of 7.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the...
The global actuators market is expected to exhibit strong growth during 2021-2026. An actuator is a mechanical component that assists in converting energy into motion and controls machinery equipment and systems. The device usually works on hydraulic and pneumatic forces and can be operated manually, electronically...
What’s Ahead for the Automotive Industry?--Emerging Opportunities and Growth Strategies for Suppliers The series includes current assessments of more than 1,000 companies worldwide. Depending on the company’s business nature and structure, the assessments include all or some of the following analyses: Organization...
The global dispersing agents market exhibited moderate growth during 2015-2020. Dispersing agents or dispersants refer to chemical additives that are used to reduce the viscosity of an aqueous medium and allow suspension of solid material in it. The principal function of dispersants is to facilitate separation of particles...
Oil And Gas
Research And Development
Paint And Coating
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.