Pentaerythritol, formula C5H12O4, is an organic compound having neopentane as the backbone. Generally, Pentaerythritol is polyhydric alcohol with four hydroxyl groups attached at the corner of the chain. Pentaerythritol is a typical neopentyl quaternary alcohol that formed by the condensation of acetaldehyde and formaldehyde. It is also known as tetramethylol methane. Pentaerythritol is a white crystalline powder that is mainly soluble in organic solvents such as ethanol, glycerol, acetone, carbon tetrachloride, and petroleum ether, among others. Pentaerythritol has typical chemical properties of polyols owing to which it can be used in reactions such as oxidation, nitration, halogenation, and etherification wherein polyols play a vital part.
Depending upon the contents and composition, industrial-grade pentaerythritol is available in four main categories; Mono-pentaerythritol (wt. fraction 87%-90%), mono-pentaerythritol (>98%), Di- pentaerythritol and tertiary pentaerythritol. In Industry, each type of pentaerythritol compound has a different set of applications. For Instance, mono-pentaerythritol is mainly used in the production of alkyd resins, fatty acid esters for the synthesis of lubricating oils & their additives, tallow oil esters initiators for the production of polyether polyols and polyester polyols production, among others. Moreover, Di- pentaerythritol is used for the production of fire retardant coatings and high-grade lubricants for automobiles. It is generally believed that the di and tertiary pentaerythritol are among the higher grade products that are prevalently used for the synthesis of high-grade paints and lubricants.
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The significant growth of the paint & coating industry in developing regions coupled with the rising demand from the automotive and Polymer & plastic industry will in turn help to boost the demand for pentaerythritol. Moreover, given the rising concerns regarding the high-grade quality of lubricants as well as fire protective coating products, the demand for di & tertiary pentaerythritol is expected to increase which in turn provides the impetus for the growth of the market. Furthermore, increasing demand for pentaerythritol from the chemicals and adhesive & sealant industry in developing and developed regions will drive the market. Apart from this, regulatory restrictions over the use of pentaerythritol in regions, such as Europe and North America, will hinder the growth of the market. Also, the fluctuating raw material prices and high cost of manufacturing are major restraining factors that are responsible for the slow growth of the pentaerythritol market in respective regions.
From the regional perspective, the global pentaerythritol market is dominated by developing countries such as China, India, and ASEAN countries and is expected to register healthy growth over the forecast period. This is mainly attributed to the significant growth of end-use industries such as paints & coating, adhesive & sealant, automotive, chemical, and polymer, among others in these countries. Along with this, the availability of raw material and less stringent growth regulation & policies in these region provides the impetus for the growth of the market. In terms of production and consumption, China dominates the global market and accounts for a significant share of the market. However, the pentaerythritol market in the developed region is relatively saturated. This is mainly due to the dropped in demand for alkyd resins owing to development of ecofriendly manufacturing process for epoxy resins and secondly, stringent government regulation over VoC limit of chemicals and high production cost in Europe. It is expected that Europe and North America pentaerythritol market will register slow growth over the forecast period. Further, Latin America and Middle East & Africa pentaerythritol market are expected to register steady growth over the forecast period
Some of the key player identified across the value chain of Pentaerythritol market are;
- Baoding GuoXiu Chemical Co., Ltd.
- Perstorp Holding AB
- Kanoria Chemicals & Industries Limited
- Lee Chang Yung Chemical Industry Corp
- HELM AG
- Chifeng Ruiyang Chemical Co.,Ltd.
- Yunnan Yuntianhua Co., Ltd.
- Jiangsu Ruiyang Chemical Co., Ltd. among others
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
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- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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On the basis of product type, global pentaerythritol market is segmented into;
- Di- pentaerythritol
On the basis of application, global pentaerythritol market is segmented into;
- Paints & Coatings
- Printing Ink
- Adhesives & sealant
- Polymers & Plastic
- Radiation Cure Coatings
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