Global pentaerythritol market is expected to reach USD
1.85 billion by 2020, according to a new study by Grand View Research, Inc.
Strong shift towards the use of pentaerythritol as a substitute for electrical
transformer fluid is expected to drive global pentaerythritol market. Growth of
key end-use industries such as construction and automotive particularly in
emerging markets of Asia Pacific and Latin America is also expected to impact
the market growth positively. Overlapping of formaldehyde and acetaldehyde with
other key applications and volatile raw material prices are expected to remain
key challenges for market participants.
Alkyd paints emerged as the leading
application segment and accounted for 37.7% of total market volume in 2013.
Increasing use of alkyd paints in automotive and construction industries is
expected to remain a key driving factor for this segment. Alkyd paint is also
expected to witness the highest growth rate of 5.8% over the forecast period.
Global pentaerythritol demand for plasticizers is expected to grow at an
estimated CAGR of 5.6% from 2014 to 2020.
For full research report on Pentaerythritol
Market visit here:
https://www.grandviewresearch.com/industry-analysis/pentaerythritol-market
Further key
findings from the study suggest:
- Global pentaerythritol market demand was 540.5
kilo tons in 2013 and is expected to reach 781.7 kilo tons by 2020,
growing at a CAGR of 5.4% from 2014 to 2020.
- Asia Pacific was the leading regional market
and accounted for 42.5% of total volume in 2013. Increasing construction
spending coupled with positive outlook on automotive industry particularly
in high growth countries such as China, India and Indonesia is expected to
drive the regional pentaerythritol market. Asia Pacific is also expected
to witness the highest growth rate of 5.9% from 2014 to 2020.
- Europe and North America are mature markets
for pentaerythritol and are expected to grow relatively slower than other
high growth regions. Recovery of automotive industry in the U.S. post the
economic recession in 2008-09 is expected to drive the North American
pentaerythritol market. Growth of construction industry in Mexico is also
expected to complement the regional market growth.
- Global pentaerythritol market is highly
consolidated with top four companies including Perstorp, Hubei Yihua
Group, Ercros and Mitsui Chemical accounting for over 50% of total market
in 2013. Other companies operating in the global market include Henan Pengcheng
Group, Liyang Ruiyang Chemical, U-Jin Chemical and Yunnan Yuntianhua.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/pentaerythritol-market/request/rs1
Grand
View Research has segmented the pentaerythritol market on the basis of
application and region:
Pentaerythritol
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
- Alkyd paints
- Alkyd inks
- Alkyd
adhesives/sealants
- Plasticizers
- Alkyd varnishes
- Radiation cure
coatings
- Lubricants
- Others
Pentaerythritol
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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