Report Code: A15906 | Pages: NA | Jul 2023 | 889 Views | ||
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Pandemic disrupted the entire world and affected many industries.
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Request Now !Pentaerythritol or 2,2-bis(hydroxymethyl)propane-1,3-diol is an odorless white, crystalline, solid organic compound. It is tetrahydric neopentyl alcohol with chemical formula C5H12O4 and is non-hygroscopic, non-volatile, and stable in air. It is predominantly used in the surface coating industries. Moreover, it is used for manufacturing synthetic drying oils by esterification reaction and other reaction with fatty acid esters. It possesses excellent property such as low volatility and the high flash point, which make it an ideal substitute for dielectric fluids in the transformer. It exhibits superior properties such as water resistance, luster, flexibility, and alkali resistance. Therefore, it is widely used in a range of applications such as adhesive & sealant, inks, paints & coatings, plasticizers, lubricants, varnishes, and others. Other applications include medicine, flame retardants, pesticide, and explosives. However, rise in the demand for formaldehyde and acetaldehyde for various application led to their shortage of supply, which is expected to hamper the growth of the market.
Market scope and Structure AnalysiCovid-19 Impact Analysis
Top Impacting Factors
Emerging innovative applications of pentaerythritol such as marine coatings and therapeutics are expected to provide vast opportunities for the major players operating in the global pentaerythritol market. Development of new products along with the growth of niche application market segments such as flame retardants and explosives is expected to create new market opportunities for the pentaerythritol market participant. Furthermore, alkyd paint is one of the main applications of pentaerythritol, which is expected to boost further opportunities in the pentaerythritol market in the forecast period. Alkyd paints find applications in residential as well as industrial construction. Applications of pentaerythritol in plasticizers are expected to be the fastest growing.
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