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Pentaerythritol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

October 2023 | 148 pages | ID: P2952BBABE8CEN
IMARC Group

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Market Overview:

The global pentaerythritol market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Pentaerythritol, or tetramethyl methane, is a white crystalline powder that is primarily used in the manufacturing of synthetic lubricants and resins. It is an organic compound that is produced by the condensation of acetaldehyde and formaldehyde and is used in high-quality surface coatings, refrigeration systems and varnishes. It is soluble in organic solvents, such as glycerol, ethanol, acetone, carbon tetrachloride and petroleum and exhibits physical properties, such as high flash point, resistance to ignition, high thermal stability and low volatility. It also exhibits high luster, flexibility and water and alkali resistance, owing to which it is widely used in the manufacturing of medicines, flame retardants, pesticides and explosives.

Extensive utilization of pentaerythritol in the automotive industry is one of the key factors driving the growth of the market. In this industry, pentaerythritol is used in the manufacturing of automotive lubricants and polyurethane foams that are integrated into vehicle interiors and door handles, bumper systems, gear knobs, dashboards and seat cushions. Furthermore, the increasing demand for formaldehyde and acetaldehyde substitutes in the production of paints, coatings, alkyd adhesives, plasticizers, radiation-cured coatings and industrial inks and synthetic rubber is also providing a boost to the market growth. Apart from this, various industries are using pentaerythritol as a stable alternative for electrical transformer liquids. Additionally, growing environmental consciousness among the masses that has led to an increasing preference for bio-based polyols, including pentaerythritol, is creating a positive outlook for the market. Other factors, including rapid industrialization, along with extensive research and development (R&D) activities, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global pentaerythritol market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application and end-use industry.

Breakup by Product Type:

Penaerythritol-95

Penaerythritol-98

Others

Breakup by Application:

Alkyd Paints

Alkyd Inks

Alkyd Adhesives

Plasticizers

Alkyd Varnishes

Radiation Cure Coatings

Lubricants

Others

Breakup by End-Use Industry:

Paints

Automobiles

Construction

Others

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Celanese Corporation, Copenor Companhia Petroquнmica do Nordeste, Ercros S.A., Hubei Yihua Group Co. Ltd., Merck KGaA, Mitsui Chemicals Inc., etc.

Key Questions Answered in This Report:

How has the global pentaerythritol market performed so far and how will it perform in the coming years?

What are the key regional markets?

What has been the impact of COVID-19 on the global pentaerythritol market?

What is the breakup of the market based on the product type?

What is the breakup of the market based on the application?

What is the breakup of the market based on the end-use industry?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global pentaerythritol market and who are the key players?

What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL PENTAERYTHRITOL MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1 Penaerythritol-95
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Penaerythritol-98
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Others
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Alkyd Paints
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Alkyd Inks
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Alkyd Adhesives
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Plasticizers
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Alkyd Varnishes
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 Radiation Cure Coatings
  7.6.1 Market Trends
  7.6.2 Market Forecast
7.7 Lubricants
  7.7.1 Market Trends
  7.7.2 Market Forecast
7.8 Others
  7.8.1 Market Trends
  7.8.2 Market Forecast

8 MARKET BREAKUP BY END-USE INDUSTRY

8.1 Paints
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Automobiles
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Construction
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Others
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE INDICATORS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Celanese Corporation
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2 Copenor Companhia Petroquнmica do Nordeste
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3 Ercros S.A.
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4 Hubei Yihua Group Co. Ltd.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 Merck KGaA
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6 Mitsui Chemicals Inc.
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Pentaerythritol Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Pentaerythritol Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Pentaerythritol Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Pentaerythritol Market Forecast: Breakup by End-Use Industry (in Million US$), 2023-2028
Table 5: Global: Pentaerythritol Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Pentaerythritol Market Structure
Table 7: Global: Pentaerythritol Market: Key Players

LIST OF FIGURES

Figure 1: Global: Pentaerythritol Market: Major Drivers and Challenges
Figure 2: Global: Pentaerythritol Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Pentaerythritol Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Pentaerythritol Market: Breakup by Application (in %), 2022
Figure 5: Global: Pentaerythritol Market: Breakup by End-Use Industry (in %), 2022
Figure 6: Global: Pentaerythritol Market: Breakup by Region (in %), 2022
Figure 7: Global: Pentaerythritol Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Pentaerythritol (Penaerythritol-95) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Pentaerythritol (Penaerythritol-95) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Pentaerythritol (Penaerythritol-98) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Pentaerythritol (Penaerythritol-98) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Pentaerythritol (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Pentaerythritol (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Pentaerythritol (Alkyd Paints) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Pentaerythritol (Alkyd Paints) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Pentaerythritol (Alkyd Inks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Pentaerythritol (Alkyd Inks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Pentaerythritol (Alkyd Adhesives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Pentaerythritol (Alkyd Adhesives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Pentaerythritol (Plasticizers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Pentaerythritol (Plasticizers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Pentaerythritol (Alkyd Varnishes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Pentaerythritol (Alkyd Varnishes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Pentaerythritol (Radiation Cure Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Pentaerythritol (Radiation Cure Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Pentaerythritol (Lubricants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Pentaerythritol (Lubricants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Pentaerythritol (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Pentaerythritol (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Pentaerythritol (Paints) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Pentaerythritol (Paints) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Pentaerythritol (Automobiles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Pentaerythritol (Automobiles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Pentaerythritol (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Pentaerythritol (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Pentaerythritol (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Pentaerythritol (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: North America: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: North America: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: United States: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: United States: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Canada: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Canada: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Asia Pacific: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Asia Pacific: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: China: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: China: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Japan: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Japan: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: India: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: India: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: South Korea: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: South Korea: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Australia: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Australia: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Indonesia: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Indonesia: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Others: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Others: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Europe: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Europe: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Germany: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Germany: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: France: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: France: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: United Kingdom: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: United Kingdom: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Italy: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Italy: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Spain: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Spain: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Russia: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Russia: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Latin America: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Latin America: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Brazil: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Brazil: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Mexico: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Mexico: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Others: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Others: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Middle East and Africa: Pentaerythritol Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Middle East and Africa: Pentaerythritol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Global: Pentaerythritol Industry: SWOT Analysis
Figure 87: Global: Pentaerythritol Industry: Value Chain Analysis
Figure 88: Global: Pentaerythritol Industry: Porter’s Five Forces Analysis


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