Pentaerythritol Market Company Analysis , Swot, Marketing Strategy By 2020 | Grand View Research Inc

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Global Pentaerythritol Market is expected to reach USD 1.85 billion by 2020, according to a new study by Grand View Research, Inc. Strong shift towards the use of pentaerythritol as a substitute for electrical transformer fluid is expected to drive global pentaerythritol market. Growth of key end-use industries such as construction and automotive particularly in emerging markets of the Asia Pacific and Latin America is also expected to impact the market growth positively. Overlapping of formaldehyde and acetaldehyde with other key applications and volatile raw material prices are expected to remain key challenges for market participants.
Alkyd paints emerged as the leading application segment and accounted for 37.7% of the total market volume in 2013. Increasing use of alkyd paints in the automotive and construction industries is expected to remain a key driving factor for this segment. Alkyd paint is also expected to witness the highest growth rate of 5.8% over the forecast period. Global pentaerythritol demand for plasticizers is expected to grow at an estimated CAGR of 5.6% from 2014 to 2020.
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www.grandviewresearch.com/industry-analysis/pentaerythritol-market
Global pentaerythritol market volume by application, 2012-2020 (Kilo Tons)

Further key findings from the study suggest:

  • Global pentaerythritol market demand was 540.5-kilo tons in 2013 and is expected to reach 781.7-kilo tons by 2020, growing at a CAGR of 5.4% from 2014 to 2020.
  • The Asia Pacific was the leading regional market and accounted for 42.5% of the total volume in 2013. Increasing construction spending coupled with a positive outlook on the automotive industry particularly in high growth countries such as China, India and Indonesia is expected to drive the regional pentaerythritol market. The Asia Pacific is also expected to witness the highest growth rate of 5.9% from 2014 to 2020.
  • Europe and North America are mature markets for pentaerythritol and are expected to grow relatively slower than other high growth regions. Recovery of the automotive industry in the U.S. post the economic recession in 2008-09 is expected to drive the North American pentaerythritol market. Growth of the construction industry in Mexico is also expected to complement the regional market growth.
  • Global pentaerythritol market is highly consolidated with the top four companies including Perstorp, Hubei Yihua Group, Ercros and Mitsui Chemical accounting for over 50% of the total market in 2013. Other companies operating in the global market include Henan Pengcheng Group, Liyang Ruiyang Chemical, U-Jin Chemical and Yunnan Yuntianhua.

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