Pentaerythritol Market Size & Share, by Application (Explosives, Plastics, Paints, Cosmetics); End-user (Automobiles, Mining, Construction) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 4008
  • Published Date: Aug 19, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Pentaerythritol Market size was valued at USD 2.87 billion in 2023 and is set to cross USD 5.97 billion by 2036, expanding at more than 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of pentaerythritol is evaluated at USD 3 billion. Pentaerythritol is a compound with five carbon atoms and four alcohol groups. It is scientifically written as C(CH2OH)4. The growth of the market can be attributed to the growing application in the mining and quarrying, as it is used as an intermediate during the production of explosives. Moreover, it is also used as chemical intermediate to produce paints, plastics, and high-end surface coatings. Another major factor driving the market growth is the growing demand for paints in automotive and construction industry. Further, the growth in the end-use industries is also estimated to promote the market growth. For instance, the revenue share of the global construction industry totaled to approximately USD 6 trillion in 2020, which is expected to reach over USD 14.5 trillion in 2030. On the other hand, the global automotive manufacturing industry was sized at about USD 2.5 trillion in 2021. Such factors are estimated to boost the market growth.


Pentaerythritol Market
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Pentaerythritol Sector: Growth Drivers and Challenges

Growth Drivers

Challenges

  • High Production Cost of Industrial Intermediates

Pentaerythritol Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

5.8%

Base Year Market Size (2023)

USD 2.87 billion

Forecast Year Market Size (2036)

USD 5.97 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Pentaerythritol Segmentation

The market is segmented by application into explosives, plastics, paints, cosmetics, and others, out of which, the paints segment is anticipated to hold a substantial share in the global pentaerythritol market over the forecast period on account of growing use of paints in the automotive and construction industries. Pentaerythritol is extensively used to manufacture paint owing to its properties, such as, high luster, and water and alkali resistance. 

Our in-depth analysis of the global market includes the following segments:

           By Application

  • Explosives
  • Plastics
  • Paints
  • Cosmetics
  • Others

             By End-User

  • Automobiles
  • Mining
  • Construction
  • Others

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Pentaerythritol Industry - Regional Synopsis

On the basis of geographical analysis, the global pentaerythritol market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific industry is likely to account for largest revenue share by 2036, driven by growth in the chemical manufacturing industry in the region. For instance, the chemical industry in Asia accounted for more than 55% share of the revenue generated by the global chemical industry.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the increasing construction activities in the region. For instance, the U.S. construction sector generated a revenue of around USD 1.3 trillion in 2020.

 

Research Nester
Pentaerythritol-Market-Share
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Companies Dominating the Pentaerythritol Landscape

    • Solvay S.A.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • BASF SE
    • Eastman Chemical Company
    • The Dow Chemical Company
    • KH Neochem Co., Ltd.
    • Saudi Basic Industries Corporation
    • OQ Chemicals GmbH
    • Solventis Ltd.
    • Galaxy Surfactants Limited
    • PPG Industries, Inc.

In the News

  • March, 2020: PPG Industries, Inc. announced the acquisition of Alpha Coating Technologies, LLC, which is a manufacturer of powder coatings for light industrial applications.

  • December, 2018: BASF SE will launch new industrial level raw materials for the coatings, paint, and resins at the 2019 European Coatings Show (ECS).

Author Credits:  Rajrani Baghel


  • Report ID: 4008
  • Published Date: Aug 19, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of pentaerythritol is evaluated at USD 3 billion.

Pentaerythritol Market size was valued at USD 2.87 billion in 2023 and is set to cross USD 5.97 billion by 2036, expanding at more than 5.8% CAGR during the forecast period i.e., between 2024-2036. The increasing use of pentaerythritol for manufacturing paints, plastics, and explosives will boost the market growth.

Asia Pacific industry is likely to account for largest revenue share by 2036, driven by growth in the chemical manufacturing industry in the region.

The major players in the market are BASF SE, Eastman Chemical Company, The Dow Chemical Company, KH Neochem Co., Ltd., Saudi Basic Industries Corporation, OQ Chemicals GmbH, Solventis Ltd., and Galaxy Surfactants Limited.
Pentaerythritol Market Report Scope
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