Global Pentaerythritol Market 2019-2023 | Increase in Preference for Bio-Based Polyols to Boost Demand | Technavio

The global pentaerythritol market is expected to post a CAGR of over 4% during the period 2019-2023, according to the latest market research report by Technavio.

A key factor driving the growth of the global pentaerythritol market is the growth in the automobile industry. The sale of automobiles is increasing at a rapid pace across the world, especially in developing countries such as China, India, Brazil, and Indonesia. Pentaerythritol-based esters are mainly used to produce high-grade automotive lubricants owing to their viscosity control, thermal stability, and hydrolytic resistance. Pentaerythritol is also used in the synthesis of PU foams that are used in vehicle interiors and exteriors, such as dashboards, seat cushions, interior trims, door handles, and bumpers system gear knobs. Thus, the use of PU foams and synthetic lubricants in the automobile industry coupled with the constant growth in the sale of automobiles will fuel the consumption of pentaerythritol during the forecast period.

As per Technavio, increase in preference for bio-based polyols will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global pentaerythritol market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global pentaerythritol market: Increase in preference for bio-based polyols

The demand for bio-based polyols is increasing at a significant rate. The use of renewable grades of pentaerythritol can reduce almost 80% of the carbon footprint incurred during the production process when compared with the use of petroleum-based pentaerythritol. Thus, product innovations for the development of environment-friendly polyols such as pentaerythritol are likely to augment the growth of the market. In recent times, there has been an increase in demand for environment-friendly pentaerythritol in the production of coatings, rosin esters, synthetic lubricants, and resins.

WANT TO BUILD A FINANCIAL EMPIRE?

Subscribe to the Global Banking & Finance Review Newsletter for FREE
Get Access to Exclusive Reports to Save Time & Money

By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

The pentaerythritol market is witnessing increased demand from developing countries such as India, China, Indonesia, Brazil, and Mexico. Many manufacturers of pentaerythritol are shifting their plants to the developing countries owing to factors including the easy availability of raw materials, land, low transportation costs, inexpensive labor, and less stringent government regulations. With countries such as China and India becoming the hub of the construction, automotive, and general industries, the demand for pentaerythritol in these countries will increase further over the forecast period, says a senior research analyst at Technavio.

Global pentaerythritol market: Segmentation analysis

This market research report segments the global pentaerythritol market by application (alkyd paints, alkyd inks, adhesives and sealants, plasticizers, and others) and geography (APAC, Europe, MEA, North America, and South America).

The alkyd paints segment held the largest pentaerythritol market share in 2018. The growing construction activities in APAC region will be one of the key factors impacting the growth of alkyd paints segment in the pentaerythritol market during the forecast period.

The APAC region led the market in 2018 with a market share of close to 41%, followed by Europe, North America, MEA, and South America respectively. The market in APAC is driven by the growth of the end-user industries such as construction, automotive, and industrial sector in developing countries including China, India, Japan, South Korea, and Indonesia.

Looking for more information on this market? Request a free sample report

Technavios sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com