H1 2023: in H1 2023, Asia Pacific region was the key consumer of Pentaerythritol (PENT). In the first three months of 2033, Pentaerythritol (PENT) experienced a positive price trend following a period of stability in the first two months. The upturn in PENT prices was a consequence of heightened manufacturing activities in downstream industries. This surge in demand contributed to an increased market consumption of the product, prompting a subsequent rise in prices. In the second quarter of 2023, the Pentaerythritol price trajectory exhibited fluctuations in the Asian market. In April, prices experienced an uptick driven by heightened demand from the paint sector, spurred by increased orders from the construction and automotive industries, coupled with moderate supply availability. Trading activities in China surged prior to the Labour Day holidays, contributing to elevated inventory levels in the mid-May, despite relatively subdued offtakes from downstream buyers. This surplus in product stocks led to a decline in market prices. Till June, production costs contracted due to the sudden reduction in feedstock Formaldehyde prices. In China, prices contracted due to weakened demand for paint swelling agents, coupled with reduced orders from insecticides and ink producers. Contrary, in India, quotations experienced growth due to stable demand-supply dynamics amid limited supplies from exporters.
The global Pentaerythritol (PENT) market stood at approximately 625 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 5.5% during the forecast period until 2032.
Pentaerythritol, a versatile polyhydric alcohol renowned for its unique chemical attributes, boasts a myriad of applications spanning diverse industries. Crucially, it serves as a pivotal component in the formulation of alkyd resins, integral to the creation of coatings, paints, and varnishes. Its role extends to the production of explosives, where its capacity to enhance both stability and energy content is harnessed. Pentaerythritol, functioning as plasticizers, enhances the flexibility and durability of plastics, while its presence in ink formulations contributes to adhesive and drying properties. In the adhesive industry, it plays a significant role in determining the bonding properties of various adhesives. Pentaerythritol's application as synthetic lubricants elevates its usage in high-performance scenarios by providing superior lubrication. It also finds a place in fire-retardant formulations, particularly in materials like textiles and plastics. The medical domain benefits from pentaerythritol's involvement in the synthesis of certain pharmaceuticals. As a stabilizer, it prevents degradation in the production of specific plastics, ensuring integrity during processing and use. Its contribution extends to the creation of polyurethane foams, enhancing both structural integrity and insulation properties. Furthermore, pentaerythritol esters act as fuel additives, improving the performance and stability of certain fuels.
Pentaerythritol (PENT) (PEG) exhibits robust market growth, propelled by its applications to produce alkyd resins which is further employed to produce paints & coatings. The demand for pentaerythritol is intricately linked to its diverse applications across various industries. Its use in sectors such as paints and coatings, plastics, lubricants, and explosives have a profound impact on overall demand. Furthermore, the automotive industry significantly contributes to the dynamics of the pentaerythritol market, as the compound is essential in the production of high-quality coatings for vehicles. The construction industry, a major consumer of paints and coatings employing pentaerythritol, is a key driver influenced by factors like economic growth, urbanization, and infrastructure development. Collectively, the growth in end-use industries, construction activities, and the automotive sector plays a pivotal role in shaping the positive demand dynamics for pentaerythritol. The anticipated upswing in pentaerythritol demand is poised to propel the expansion of alkyd ink applications. This type of alkyd ink is characterized by features such as pigment interaction and film foaming. Due to these factors, the global Pentaerythritol (PENT) market is anticipated to reach nearly 1070 thousand tonnes by 2032.
Based on region, Asia Pacific region is the biggest consumer of Pentaerythritol (PENT). The Asia Pacific region is poised to maintain its status as the leading consumer of Pentaerythritol (PENT) due to robust industrialization, a burgeoning construction sector, and a thriving automotive industry. Rapid economic growth in the region has propelled demand for Pentaerythritol in applications such as paints, coatings, adhesives, and plasticizers. The construction sector growth fuelled by urbanization and infrastructure projects, significantly contributes to Pentaerythritol consumption in paints and coatings. The flourishing automotive sector, one of the world's largest, relies on Pentaerythritol for high-quality coatings. Moreover, the region's expanding chemical manufacturing, agricultural activities, growing population, and supportive government policies further drive the demand for Pentaerythritol.
Based on the end-user industry, the global Pentaerythritol (PENT) market is divided into Alkyd Paints, Alkyd Inks, Plasticizers, Lubricants, and Others. However, Alkyd Paints is the major segment and held approximately 32% of the global Pentaerythritol (PENT) market in 2022.
Major players in the Global Pentaerythritol (PENT) market are Celanese Corporation, Perstorp Holding AB, Ercros S.A. Hubei Yihua Group Co., Ltd., Methanol Chemicals Co., Perstorp Holding AB, Samyang Chemical Group, and U-JIN Chemical Co. Ltd.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Pentaerythritol (PENT) which covers production, demand and supply of Pentaerythritol (PENT) market in the globe.
• To analyse and forecast the market size of Pentaerythritol (PENT)
• To classify and forecast Global Pentaerythritol (PENT) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Pentaerythritol (PENT) market in the globe.
To extract data for Global Pentaerythritol (PENT) market, primary research surveys were conducted with Pentaerythritol (PENT) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Pentaerythritol (PENT) market over the coming years.
ChemAnalyst calculated Pentaerythritol (PENT) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Pentaerythritol (PENT). ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Pentaerythritol (PENT) manufacturers and other stakeholders
• Organizations, forums and alliances related to Pentaerythritol (PENT) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Pentaerythritol (PENT) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Pentaerythritol (PENT) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
625 thousand tonnes
Market size Volume in 2032
1070 thousand tonnes
Growth Rate
CAGR of 5.5% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Alkyd Paints, Alkyd Inks, Plasticizers, Lubricants, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Pentaerythritol (PENT) in terms of volume in 2022?
Ans:
The global market size of Pentaerythritol (PENT) had reached approximately 625 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Pentaerythritol (PENT)?
Ans:
Asia Pacific region is the leading consumer of Pentaerythritol (PENT) globally.
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