Pentaerythritol, formula C5H12O4, is organic compound having neopentane as backbone. Generally, Pentaerythritol is a polyhydric alcohol with four hydroxyl group attached at corner of 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 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 plays vital part.
Depend upon the contents and composition, industrial grade pentaerythritol are available in four main category; Mono-pentaerythritol (wt. fraction 87%-90%), mono-pentaerythritol (>98%), Di- pentaerythritol and tertiary pentaerythritol. In Industry, each type of pentaerythritol compound have 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 paint & coating industry in developing region coupled with the raising demand form automotive and Polymer & plastic industry will in turn help to boost the demand for pentaerythritol. Moreover, given the rising concerns regarding high grade quality of lubricants as well as fire protective coating products, the demand for di & tertiary pentaerythritolis expected to increase which in turn provide impetus for the growth of market. Furthermore, increasing demand for pentaerythritolfrom the chemicals and adhesive & sealant industry in developing and the developed regions will drive the market. Apart from this, regulatory restrictions over the use of pentaerythritolin 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 a major restraining factor that are responsible for slow growth of pentaerythritol market in respective regions.
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
From the regional prospective, global pentaerythritol market is dominated by the developing countries such as China, India, and ASEAN countries and 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, availability of raw material and less stringent growth regulation & policies in these region provides impetus for the growth of market. In term of production and consumption, China dominates the global market and accounts for significant share of market. However, pentaerythritol market in 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.
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