The Global Pentaerythritol Market is estimated to exhibit a CAGR of 4.50% during the forecast period of 2021-2028 and is expected to reach USD 2,346.466 million by 2028. The rise in the demand for stable polyols across various derivatives manufacturing industries is escalating the growth of the pentaerythritol market.
On the other hand, the increasing need for formaldehyde and acetaldehyde for several applications is further projected to impede the growth of the pentaerythritol market.
Global Pentaerythritol Market
According to Data Bridge Market Research, the pentaerythritol market will exhibit a significant rise in its market value. Major factors that are expected to boost the growth of the pentaerythritol market in the forecast period are the rise in industrialization and the growth of automotive production and sales. Furthermore, the increase in the building and construction activities around the world and the upsurging of automotive production coupled with the rise in the application scope like surface coating and lubricants is further anticipated to propel the growth of the pentaerythritol market.
Currently, Asia-Pacific dominates the global pentaerythritol market owing to the constant development of several end-use industries such as transportation and automotive, agriculture, building and construction, and plastic industry, and so forth. Furthermore, the rise in disposable income and the increasing production and sales of an automotive vehicle will further boost the growth of the pentaerythritol market in the region during the forecast period.
Now the question is which are the other regions that the pentaerythritol market is targeting? Data Bridge Market Research has estimated a large growth in North America due to the recovery of the industrial sector. Moreover, the rise in the expenses on renovation and maintenance of the construction sector is further anticipated to propel the growth of the pentaerythritol market in the region in the coming years.
For more analysis on the global pentaerythritol market request for a briefing with our analysts https://www.databridgemarketresearch.com/ko/speak-to-analyst/?dbmr=global-pentaerythritol-market
Scope of the Pentaerythritol Market
The global pentaerythritol market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
- All country based analysis of pentaerythritol market is further analysed based on maximum granularity into further segmentation. The market is also segmented on the basis of types into pentaerythritol -95, pentaerythritol -98, and others. On the basis of application, the pentaerythritol market is segmented into paints and coatings, plasticizers, lubricants, adhesive and sealant, inks, varnishes, and other applications.
- Pentaerythritol or also referred to as 2,2-bis(hydroxymethyl)propane-1,3-diol, is a crystalline, odorless white, solid organic compound with the chemical formula of C5H12O4 and is non-volatile, non-hygroscopic, and stable in air. Additionally, it is also utilized for the manufacturing of synthetic drying oils by esterification reaction and other.
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Key Pointers Covered in the Pentaerythritol Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Regulatory Framework and Changes
- Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in Pentaerythritol Market Report
- Celanese Corporation
- Perstorp Holding AB
- Ercros S.A
- Merck KGaA, Dermstdat, Germany
- Hubei Yihua Group Co Ltd
- Mitsui Chemicals, Inc.
- SAMYANG CORPORATION
- The Chemical Company
- Kanoria Chemicals & Industries Ltd.
- jiangsu kailin ruiyang chemicai co., L.T.D.
- U-JIN Chemical Co.,Ltd
- KOEI CHEMICAL CO., LTD.
- Y.P.H.
- LCY GROUP.
- Hengyang Sanhua Industry Company Limited
- Eastman Chemical Company
- BASF SE
- LG Chem
- MITSUBISHI GAS CHEMICAL COMPANY, Inc.
- OQ Chemicals GmbH
Above are the key players covered in the report, to know about more and exhaustive list of pentaerythritol market companies contact https://www.databridgemarketresearch.com/ko/toc/?dbmr=global-pentaerythritol-market
Research Methodology : Global Pentaerythritol Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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