Pentaerythritol Market Will Reach USD 1.59 Billion in By 2018 : Transparency Market Research
Transparency Market Research published new market report “Pentaerythritol Market for Alkyd Paints, Alkyd Inks, Alkyd Adhesives and Sealants, Plasticizers, Alkyd Varnishes, Radiation Cure Coatings, Lubricants and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018,” the global pentaerythritol market was valued at USD 1.01 billion in 2011 and is expected to reach USD 1.59 billion by 2018, growing at a CAGR of 6.8% from 2012 to 2018. In terms of volume, global consumption was 485.9 kilo tons in 2011 and is expected to reach 692.9 kilo tons by 2018, growing at a CAGR of 5.3% from 2012 to 2018.
Browse the full report at:
http://www.transparencymarketresearch.com/pentaerythritol-market.html
Pentaerythritol is majorly used for manufacturing alkyd paints which has been a key contributor to its market growth in recent times and owing to the growing infrastructure market mainly in Asia Pacific, this trend is expected to continue over the forecast period. In addition, eco-friendly nature of pentaerythritol has been gaining regulatory support as a non-hazardous and sustainable product for end-users. Furthermore, emerging innovative applications of pentaerythritol such as therapeutics and marine coatings are expected to provide immense opportunities for the major players operating in the global market.
However, limited availability of raw materials such as formaldehyde and acetaldehyde due to overlapping with their other commercial applications is expected to inhibit the market growth.
1. REPORT DESCRIPTION
Pentaerythritol Market Will Reach USD 1.59 Billion in By 2018 : Transparency
Market Research
Transparency Market Research published new market report “Pentaerythritol Market for
Alkyd Paints, Alkyd Inks, Alkyd Adhesives and Sealants, Plasticizers, Alkyd Varnishes,
Radiation Cure Coatings, Lubricants and Other Applications – Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2012 – 2018,” the global pentaerythritol market was
valued at USD 1.01 billion in 2011 and is expected to reach USD 1.59 billion by 2018,
growing at a CAGR of 6.8% from 2012 to 2018. In terms of volume, global consumption
was 485.9 kilo tons in 2011 and is expected to reach 692.9 kilo tons by 2018, growing at a
CAGR of 5.3% from 2012 to 2018.
Browse the full report at:
http://www.transparencymarketresearch.com/pentaerythritol-market.html
Pentaerythritol is majorly used for manufacturing alkyd paints which has been a key
contributor to its market growth in recent times and owing to the growing infrastructure
market mainly in Asia Pacific, this trend is expected to continue over the forecast period. In
addition, eco-friendly nature of pentaerythritol has been gaining regulatory support as a
non-hazardous and sustainable product for end-users. Furthermore, emerging innovative
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Published Date: Aug 2013
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2. applications of pentaerythritol such as therapeutics and marine coatings are expected to
provide immense opportunities for the major players operating in the global market.
However, limited availability of raw materials such as formaldehyde and acetaldehyde due
to overlapping with their other commercial applications is expected to inhibit the market
growth.
Alkyd paint was the largest application segment for pentaerythritol and accounted for over
37% of the total market in 2011. Alkyd paint application is expected to grow at a CAGR of
5.5% over the forecast period. These paints find applications in residential as well as
industrial construction. Applications of pentaerythritol in plasticizers are expected to be the
fastest growing applications and are projected to grow at a CAGR of 5.9% from 2012 to
2018.
Asia Pacific emerged as the leading consumer for pentaerythritol and accounted for over
40% of the total demand in 2011. Asia Pacific along with being the biggest market is also
expected to be the fastest growing market for pentaerythritol at a CAGR of 5.7% from 2012
to 2018. The growth of the construction and automobile industry, especially in China and
India is propelling the growth of pentaerythritol in this region. Europe is expected to show
significant growth at a CAGR of 6.4% over next five years, in terms of revenue. The demand
for pentaerythritol for alkyd paints in North America is expected to reach a market worth
USD 88.7 million by 2018, growing at a CAGR of 5.9% from 2012 to 2018.
Some of the key companies operating in the global pentaerythritol market include Celanese
Corporation, Ercros SA, Hubei Yichang Chemical, Mitsui Chemicals and Perstorp Holding AB.
There are also several small companies such as Copenor, Hunan Hengyang Sanhua and Lee
Chang Kung among others operating in the global and the regional market.
The report segments the global pentaerythritol market as:
3. Pentaerythritol Market: Application Analysis
Alkyd paints
Alkyd inks
Alkyd adhesives/sealants
Plasticizers
Alkyd varnishes
Radiation cure coatings
Lubricants
Other (including medicine, pesticides, etc)
Pentaerythritol Market: Regional Analysis
North America
Europe
Asia Pacific
Rest of the World
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