Pentaerythritol - Market Scope
Pentaerythritol is a white crystalline powder. It contains four primary hydroxyl groups (tetra functional compound). It helps to provide outstanding properties due to the nature of compact structure and high density of hydroxyl. It helps in the production of Alkyd resin, Pentaerythritol tetranitrate (PETN – an explosive), Pentrinitrol (Petrin), Normosterol (PAG), Pentaerythritol tetraacrylate (polymer cross-linking agent). It has a wide application that provides excellent performance related to drying speed, viscosity, water resistance properties of the paints. Geographically, Asia-pacific is leading due to wide adoption in various sector and application that is propelling the market growth over the forecast period
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Kanoria Chemicals & Industries Ltd (India), Chemanol (Saudi arabia), KOEI CHEMICAL CO., LTD (Tokyo), Solventis (United Kingdom), Hexion (United States), The Chemical Co (United States), BariteWorld (United States), Mil-Spec Industries (United States), Merck KGaA (Germany), Biesterfeld AG (Switzerland), Asianpaints (India), The Lubrizol Corporation (United States), TER HELL & CO. GMBH (Germany), The Chemical Company (United States), HELM AG (Germany) and Others |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the chemical and automobile industry. It has wide applications for coating and melting. Several companies such as Kanoria Chemicals & Industries Ltd, Solventis are operating in the market to provide customers with a better offer with various features & unique offerings. The market is a partially fragmented market with the presence of several market players and local players. The demand of the market is huge that is triggering the market growth over the forecast period Research Analyst at AMA estimates that (United States) Vendors will contribute to the maximum growth of Global Pentaerythritol - market throughout the predicted period.
Kanoria Chemicals & Industries Ltd (India), Chemanol (Saudi arabia), KOEI CHEMICAL CO., LTD (Tokyo), Solventis (United Kingdom), Hexion (United States), The Chemical Co (United States), BariteWorld (United States), Mil-Spec Industries (United States), Merck KGaA (Germany), Biesterfeld AG (Switzerland), Asianpaints (India), The Lubrizol Corporation (United States), TER HELL & CO. GMBH (Germany), The Chemical Company (United States), HELM AG (Germany) and Others are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Pentaerythritol - market by Type , by Application (Alkyd-based coatings, Synthetic lubricants, Hot-melt adhesives, Rosin esters and Others) and Region with country level break-up.
On the basis of geography, the market of Pentaerythritol - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Influencing Trend:
It has huge treatment and prevention of angina pectoris
Market Growth Drivers:
It helps to improve filterability and molecular weight control. and Restraint
Challenges:
Excessive exposure may lead to effect to skin disease
Restraints:
Most of the local player hampering the market growth
Opportunities:
It has huge demand in various industry
Key Target Audience
Raw Material Manufacturer, Distributor, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-use Industry