Pentaerythritol is an alcohol containing four hydroxyl groups obtained from the aldol condensation process of formaldehyde and acetaldehyde. Pentaerythritol is an odorless, light yellow crystalline powder soluble in water. Pentaerythritol has different derivatives such as pentaerythritol esters, pentaerythritol tetranitrate, pentaerythritol tri-acrylate and dipentaerythritol. Pentaerythritol esters are an environment friendly substitute for electrical transformer fluids as they are biodegradable and less hazardous in water. Properties such as high flash point and low volatility offer resistance to ignition and make pentaerythritol an ideal substitute for dielectric fluids used in transformers.
Pentaerythritol finds application in various industries such as automobiles, construction, paints, etc. The growing automobile and construction industry, especially in developing countries is expected to lead to a significant growth for pentaerythritol. In addition, a key growth driver for pentaerythritol will be its environmentally friendly property. However, limited availability and volatile raw material prices are expected to hamper the market.
This report analyzes, estimates and forecasts the global demand for pentaerythritol in terms of volume (kilo tons) and revenue (USD million) from 2011to 2018. The report analyzes various factors driving and restraining global demand and the impact of these over the forecast period.
This study provides a comprehensive view of the pentaerythritol industry, including segmentation, key applications such as alkyd paints, alkyd inks, alkyd adhesives/sealants, plasticizers, alkyd varnishes, radiation cure coatings, lubricants and others. Each of these segments have been further analyzed to assess their potential using our market attractiveness tool and market data provided for the period from 2011 to 2018, in terms of volume (kilo tons) and revenue (USD million). The demand for pentaerythritol has been estimated by applications and by geography (North America, Europe, Asia Pacific and Rest of the World).
A value chain analysis has been presented for a better understanding of the pentaerythritol supply chain right from raw material manufacturers to end users. Furthermore, we have included Porter’s five forces model which provides a detailed understanding of the degree of competition present in the market. This model also include understanding of other acting forces that include bargaining power of suppliers, bargaining power of buyers, threat from substitutes and threat from new entrants.
An extensive competitive landscape includes market share and company profiles of major participants in the global market. Key market participants profiled in this report are Perstorp, Mitsui Chemicals, Hubei Yichang Chemical Group Co., Ltd and so on. The market players are profiled using attributes such as company overview, financial overview, business strategies, SWOT analysis and recent developments in the field of pentaerythritol.
For this research, we conducted in-depth interviews and discussions with key industry participants and opinion leaders. Primary research represents bulk of the research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade and technical writing, Internet sources, statistical data from Government websites, trade associations and agencies. This approach has proven to be most reliable, effective and successful for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
To manage the scope of the research certain assumptions were made. All the market estimates and forecast have been calculated on the basis of sales and consumption. Inflation is not a part of pricing in this report and price has been kept constant throughout the year for calculating market size. Given that different end-users use different types of products, pricing for each application varies according to region while estimating and forecasting market revenue on the global basis. The global average bulk prices of chemicals have been used for computation of value of market.