- In February 2024, Perstorp inaugurated a state-of-the-art plant in Gujrat, India, to manufacture a diverse Penta product range, including the renewable-based, ISCC PLUS-certified Voxtar. The plant will produce Penta Mono and Calcium Formate, using raw materials sourced from renewable resources and a hybrid electricity supply. Operating with a traceable mass balance approach, Voxtar aims to minimize carbon footprints and promote the use of renewable and recycled materials across the value chain
- In June 2023, Perstorp India achieved ISCC PLUS certification for its new production site at Sayakha, Gujarat. This Greenfield facility will manufacture both traditional Pentaerythritol and its renewable alternative, Voxtar. The certification ensures the site meets sustainability standards, enabling the production of eco-friendly products. This expansion supports Perstorp's commitment to sustainability and strengthens its position in the renewable chemicals market
- In October 2021, Asian Paints Ltd announced plans to increase its pentaerythritol production capacity at its Cuddalore plant in Tamil Nadu. The company aims to double the monthly output from 730 tons to 1,500 tons. This expansion is crucial for meeting growing demand in the production of paints and lubricants, reinforcing Asian Paints' commitment to enhancing its manufacturing capabilities and supporting the development of key materials used in coatings
- In March 2021, Celanese Corporation revealed its plans to expand its integrated chemical manufacturing facility in Clear Lake, Texas. The expansion will incorporate the use of recycled carbon dioxide (CO2) as an alternative feedstock in methanol production. This initiative is part of Celanese’s broader strategy to enhance sustainability by reducing carbon emissions and utilizing renewable resources, which will further support the production of essential acetyls products such as acetic acid and vinyl acetate monomer
Frequently Asked Questions
The market is segmented based on Segmentation, By Product (Mono-Pentaerythritol, Di-Pentaerythritol, Tri-Pentaerythritol), Application (Alkyd paints, Alkyd adhesives/sealants, Alkyd varnishes, Plasticizers, Alkyd inks, Radiation cure coatings, Lubricants, and Others), Product Type (Penaerythritol-95, Penaerythritol-98, and Others), End-Use Industry (Paints, Automobiles, Construction, and Others) - Industry Trends and Forecast to 2032
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The Global Pentaerythritol Market size was valued at USD 1.98 USD Billion in 2024.
The Global Pentaerythritol Market is projected to grow at a CAGR of 4.5% during the forecast period of 2025 to 2032.
The market report covers data from the 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, South Africa, Egypt, Israel, 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.
