According to latest research conducted on Pentaerythritol market, it is expected to register a CAGR of over 5-6% during the forecast period. The market is being driven by its applications in paints & coatings, plastics, commercial products, and production of certain explosives.
Growing sectors such as construction & automotive, are expected to boost the demand for this market. However, the market’s growth is being hampered by unfavourable conditions caused by the COVID-19 outbreak, but in coming time period market is anticipated to grow with the same flow.
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Key Companies-
Who are the Key Manufacturers and Suppliers of Pentaerythritol?
The market is fragmented in nature, while the top players accounting for a major share of the market, as well as some small scale companies are also participating in the growth of the market. Some of the key companies in the market include
- Mitsui Chemicals Inc.
- Celanese Corp
- Perstorp
- Copenor
- Ercros SA
- Zarja Chemicals
- Henan Pengcheng Group
- U-Jin Chemical etc.
What is Driving Demand for Pentaerythritol?
It is a neopentane tetrol with hydroxy groups substituting for one of the four methyl hydrogens. It’s a chemical intermediate that’s used to produce items like explosives, plastics, paints, gadgets, and cosmetics. It acts as a laxative as well as a flame retardant. It’s a tetrol as well as a primary alcohol. It is composed of neopentane hydride.
Tetramethylolmethane, commonly known as pentaerythritol, is a white crystalline powder used in the manufacture of synthetic lubricants and resins. It is an organic chemical created by mixing acetaldehyde with formaldehyde that is used in high-end surface coatings, refrigeration systems, and varnishes.
It is soluble in organic solvents such as carbon tetrachloride, acetone, glycerol, ethanol, and petroleum, and it possesses physical properties such as a low volatility, high flash point, and fire resistance. Because of its unique characteristics, it is frequently utilised in the paints and coatings, and pharmaceutical and explosive production industries. The automotive industry is a major market driver since it is widely used.
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Key Segments
By Type
- Pentaerythritol -98
- Pentaerythritol -95
By Application
- Paints & Coatings
- Lubricants
- Plasticizers
- Varnishes
- Adhesives & Sealants
By Region
- North America
- U.S.
- Canada
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Europe
- Germany
- Italy
- France
- U.K
- Spain
- BENELUX
- Russia
- Rest of Europe
- South Asia
- India
- ASEAN
- Australia & New Zealand
- East Asia
- China
- Japan
- South Korea
- Middle East and Africa
- GCC Countries
- Turkey
- South Africa
- Northern Africa
- Rest of MEA
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