LONDON--(BUSINESS WIRE)--The global pentaerythritol market is expected to post a CAGR about 4% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Pentaerythritol-based esters have high thermal stability, hydrolytic resistance, and viscosity control. As a result, pentaerythritol is used in the automotive industry to produce high-grade automotive lubricants. It is also used in the synthesis of PU foams. These PU foams are extensively integrated in vehicle interiors and exteriors such as door handles, bumper system gear knobs, interior trims, dashboards, and seat cushions. With the increase in production of passenger cars, the consumption of pentaerythritol is increasing. Thus, the growth of the automotive industry will boost the growth of the pentaerythritol market during the forecast period.
To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30892
As per Technavio, the rising demand for bio-based polyols will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Pentaerythritol Market: Growing Preference for Bio-Based Polyols
The growing focus on product development and innovations is encouraging manufacturers to introduce environment-friendly polyols. Pentaerythritol is a bio-based polyol, which is extensively used to produce rosin esters, coatings, synthetic lubricants, and resins with low carbon footprint. The renewable grades of pentaerythritol can reduce almost 80% of the carbon footprint. Such benefits of bio-based, environment-friendly polyols will drive the demand for pentaerythritol. Thus, the market for pentaerythritol is expected to showcase a positive outlook during the forecast period.
“The growing demand for niche application segments and increase in global pentaerythritol production capacity are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Global Pentaerythritol Market: Segmentation Analysis
This market research report segments the global pentaerythritol market by application (alkyd paints, alkyd inks, adhesives and sealants, plasticizers, and others) and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2018, followed by Europe, North America, MEA, and South America, and respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the growing consumption of pentaerythritol in end-user industries such as construction and automotive industries in China, South Korea, Indonesia, and India.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Customer Landscape
Geographical Segmentation
- Geographic comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Vendor classification
- Market positioning of vendors
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
