Pentaerythritol Market Potential Growth, Share, Demand and Analysis of Key Players Till 2023by Deepak Kumar Sr. SEO Executive
Emerging innovative applications of pentaerythritol such as marine coatings and therapeutics are expected to provide vast opportunities for the major players operating in the global pentaerythritol market. Development of new products along with the growth of niche application market segments such as flame retardants and explosives is expected to create new market opportunities for the pentaerythritol market participant.
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Pentaerythritol is a white, crystalline, water-soluble organic powder (in powder form) with the formula C5H12O4. Pentaerythritol is an alcohol with four hydroxyl groups. It is manufactured using acetaldehyde and formaldehyde through the aldol condensation process, which is followed by a crossed cannizzaro reaction. Components of alkyd resins, polyvinyl chloride (PVC) stablizers, varnishes, tall oil esters and olefin antioxidants are some of the derivatives of pentaerythritol.
The pentaerythritol market can be segmented on the basis of applications: alkyd paints, alkyd inks, plasticizers, alkyd varnishes, alkyd adhesives/sealants, lubricants and radiation cure coatings and others (including medicines and pesticides).
One major trend in the pentaerythritol market is the use of pentaerythritol for automobile industry applications such as coatings, interiors, and high-grade lubricants. Pentaerythritol is also used in the synthesis of polyurethane foams, which are used in automobile interiors. Pentaerythritol finds its use in various industries such as paints, automobiles, construction and others.
Limited availability of raw materials such as formaldehyde and acetaldehyde due to overlapping with their other commercial applications is expected to inhibit the growth for pentaerythritol market. On the other hand, volatile raw material prices are another major hindrance for the global pentaerythritol market.
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Asia-Pacific region dominated the global pentaerythritol market in 2013. Some of the key competitors operating in the global pentaerythritol market include Celanese Corporation, Mitsui Chemicals, Ercros S.A, Perstorp Holding AB and Hubei Yichang Chemical Group Co. Ltd. Other competitors includeCopenor Cia Petroquímica do Nordeste, , Lee Chang Kung and Hengyang Sanhua Industry Company Limited among others operating in the global and the regional pentaerythritol market.
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Created on Nov 13th 2018 15:33. Viewed 130 times.