Market Research Reports

Pentaerythritol Market for Alkyd Paints, Alkyd Inks, Alkyd Adhesives and Sealants, Plasticizers, Alkyd Varnishes, Radiation Cure Coatings, Lubricants and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018

68pages
Published Date: 2013-08-19
 

Description


Pentaerythritol is an alcohol containing four hydroxyl groups obtained from the aldol condensation process of formaldehyde and acetaldehyde. Pentaerythritol is an odorless, light yellow crystalline powder soluble in water. Pentaerythritol has different derivatives such as pentaerythritol esters, pentaerythritol tetranitrate, pentaerythritol tri-acrylate and dipentaerythritol. Pentaerythritol esters are an environment friendly substitute for electrical transformer fluids as they are biodegradable and less hazardous in water. Properties such as high flash point and low volatility offer resistance to ignition and make pentaerythritol an ideal substitute for dielectric fluids used in transformers.

Pentaerythritol finds application in various industries such as automobiles, construction, paints, etc. The growing automobile and construction industry, especially in developing countries is expected to lead to a significant growth for pentaerythritol. In addition, a key growth driver for pentaerythritol will be its environmentally friendly property. However, limited availability and volatile raw material prices are expected to hamper the market. 

This report analyzes, estimates and forecasts the global demand for pentaerythritol in terms of volume (kilo tons) and revenue (USD million) from 2011to 2018. The report analyzes various factors driving and restraining global demand and the impact of these over the forecast period.

This study provides a comprehensive view of the pentaerythritol industry, including segmentation, key applications such as alkyd paints, alkyd inks, alkyd adhesives/sealants, plasticizers, alkyd varnishes, radiation cure coatings, lubricants and others. Each of these segments have been further analyzed to assess their potential using our market attractiveness tool and market data provided for the period from 2011 to 2018, in terms of volume (kilo tons) and revenue (USD million). The demand for pentaerythritol has been estimated by applications and by geography (North America, Europe, Asia Pacific and Rest of the World). 

A value chain analysis has been presented for a better understanding of the pentaerythritol supply chain right from raw material manufacturers to end users. Furthermore, we have included Porter’s five forces model which provides a detailed understanding of the degree of competition present in the market. This model also include understanding of other acting forces that include bargaining power of suppliers, bargaining power of buyers, threat from substitutes and threat from new entrants.

An extensive competitive landscape includes market share and company profiles of major participants in the global market. Key market participants profiled in this report are Perstorp, Mitsui Chemicals, Hubei Yichang Chemical Group Co., Ltd and so on. The market players are profiled using attributes such as company overview, financial overview, business strategies, SWOT analysis and recent developments in the field of pentaerythritol.

For this research, we conducted in-depth interviews and discussions with key industry participants and opinion leaders. Primary research represents bulk of the research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade and technical writing, Internet sources, statistical data from Government websites, trade associations and agencies. This approach has proven to be most reliable, effective and successful for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

To manage the scope of the research certain assumptions were made. All the market estimates and forecast have been calculated on the basis of sales and consumption. Inflation is not a part of pricing in this report and price has been kept constant throughout the year for calculating market size. Given that different end-users use different types of products, pricing for each application varies according to region while estimating and forecasting market revenue on the global basis. The global average bulk prices of chemicals have been used for computation of value of market.

The report segments the global pentaerythritol market as,

Pentaerythritol Market: Application Analysis,
  • Alkyd paints
  • Alkyd inks
  • Alkyd adhesives/sealants
  • Plasticizers
  • Alkyd varnishes
  • Radiation cure coatings
  • Lubricants
  • Other (including medicine, pesticides, etc)
Pentaerythritol Market: Regional Analysis,
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Table of Contents



Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.3 Research methodology

Chapter 2 Executive Summary
2.1 Global pentaerythritol market estimates and forecasts, 2011 - 2018 (Kilo Tons), (USD million)
2.2 Global pentaerythritol market snapshot, 2012 and 2018

Chapter 3 Pentaerythritol - Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
       3.3.1 Expected demand from automotive sector
       3.3.2 Increasing demand from construction industry
       3.3.3 Eco-friendly properties of pentaerythritol
3.4 Market restraints
       3.4.1 Limited availability and volatile raw material prices
3.5 Market opportunities
       3.5.1 Novel applications of pentaerythritol derivatives
3.6 Porter’s five forces analysis
       3.6.1 Bargaining power of suppliers
       3.6.2 Bargaining power of buyers
       3.6.3 Threat from new entrants
       3.6.4 Threat from substitutes
       3.6.5 Degree of competition
3.7 Pentaerythritol: Market attractiveness analysis
3.8 Pentaerythritol: Company market share analysis, 2011

Chapter 4 Pentaerythritol Market - Application Analysis
4.1 Global pentaerythritol market: Application overview
       4.1.1 Global pentaerythritol market volume share by application, 2011 and 2018
4.2 Global pentaerythritol market, by application
       4.2.1 Alkyd paints
               4.2.1.1 Global demand for pentaerythritol from alkyd paints, 2011 – 2018 (Kilo Tons) (USD Million)
       4.2.2 Alkyd inks
                4.2.2.1 Global demand for pentaerythritol from alkyd inks, 2011 – 2018 (Kilo Tons) (USD Million)
       4.2.3 Alkyd adhesives/sealants
               4.2.3.1 Global demand for pentaerythritol from alkyd adhesives/sealants, 2011 – 2018 (Kilo Tons) (USD Million)
       4.2.4 Plasticizers
                4.2.4.1 Global demand for pentaerythritol from plasticizers, 2011 – 2018 (Kilo Tons) (USD Million)
       4.2.5 Alkyd varnishes
                4.2.5.1 Global demand for pentaerythritol from alkyd varnishes, 2011 – 2018 (Kilo Tons) (USD Million)
       4.2.6 Radiation cure coatings
               4.2.6.1 Global demand for pentaerythritol from radiation cure coatings, 2011 – 2018 (Kilo Tons) (USD Million)
       4.2.7 Lubricants
               4.2.7.1 Global demand for pentaerythritol from lubricants, 2011 – 2018 (Kilo Tons) (USD Million)
       4.2.8 Other applications (including medicines, pesticides, etc.)
               4.2.8.1 Global demand for pentaerythritol from other applications, 2011 – 2018 (Kilo Tons) (USD Million)

Chapter 5 Pentaerythritol Market - Regional Analysis
5.1 Global pentaerythritol market: Regional overview
       5.1.1 Global pentaerythritol market volume share by region, 2011 and 2018
5.2 Global pentaerythritol market, by region
       5.2.1 North America
               5.2.1.1 North America pentaerythritol market estimates and forecasts, 2011 – 2018 (Kilo Tons), (USD Million)
               5.2.1.2 North America pentaerythritol market estimates and forecast, by application, 2011 - 2018 (Kilo tons)
               5.2.1.3 North America pentaerythritol market estimates and forecast, by application, 2011 - 2018 (USD million)
       5.2.2 Europe
               5.2.2.1 Europe pentaerythritol market estimates and forecasts, 2011 – 2018 (Kilo Tons), (USD Million)
               5.2.2.2 Europe pentaerythritol market estimates and forecast, by application, 2011 - 2018 (Kilo tons)
               5.2.2.3 Europe pentaerythritol market estimates and forecast, by application, 2011 - 2018 (USD Million)
       5.2.3 Asia Pacific
               5.2.3.1 Asia Pacific pentaerythritol market estimates and forecast, 2011 – 2018 (Kilo Tons), (USD Million)
       5.2.3.2 Asia Pacific pentaerythritol market estimates and forecast, by application, 2011 - 2018 (Kilo tons)
                  5.2.3.3 Asia Pacific pentaerythritol market estimates and forecast, by application, 2011 - 2018 (USD Million)
       5.2.4 Rest of the world (RoW)
                5.2.4.1 RoW pentaerythritol market estimates and forecasts, 2011 – 2018 (Kilo Tons), (USD Million)
               5.2.4.2 RoW pentaerythritol market estimates and forecast, by application, 2011 - 2018 (Kilo tons)
              5.2.4.3 RoW pentaerythritol market estimates and forecast, by application, 2011 - 2018 (USD Million)

Chapter 6 Company Profiles
6.1 Celanese Corporation
      6.1.1 Company overview
      6.1.2 Financial overview
      6.1.3 Business strategy
      6.1.4 SWOT analysis
6.2 Ercros, SA.
      6.2.1 Company overview
      6.2.2 Financial overview
      6.2.3 Business strategies
      6.2.4 SWOT analysis
6.3 Hubei Yihua Group Co.,Ltd
      6.3.1 Company overview
      6.3.2 Financial overview
      6.3.3 Business strategy
      6.3.4 SWOT analysis
6.4 Mitsui Chemicals, Inc.
      6.4.1 Company overview
      6.4.2 Financial overview
      6.4.3 Business strategies
      6.4.4 SWOT analysis
6.5 Perstorp Holding AB
      6.5.1 Company overview
      6.5.2 Financial overview
      6.5.3 Business strategy
      6.5.4 SWOT analysis
      6.5.5 Recent developments

List of Figures 

FIG. 1 Pentaerythritol: Market segmentation
FIG. 2 Global pentaerythritol market estimates and forecasts, 2011 - 2018 (Kilo Tons), (USD million)
FIG. 3 Pentaerythritol market: Value chain analysis
FIG. 4 Global automobile industry 2007 – 2011, (million units)
FIG. 5 Global construction market revenue estimates and forecasts, 2011 – 2018 (USD Billion)
FIG. 6 Formaldehyde used by application, 2011
FIG. 7 Global methanol prices 2007 - 2011 (USD per metric ton)
FIG. 8 Acetaldehyde use by application, 2011
FIG. 9 Porter’s five forces analysis for pentaerythritol market
FIG. 10 Pentaerythritol: Market attractiveness analysis
FIG. 11 Pentaerythritol: Company market share analysis, 2011
FIG. 12 Global pentaerythritol market volume share by application, 2011 and 2018
FIG. 13 Global demand for pentaerythritol from alkyd paints, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 14 Global demand for pentaerythritol from alkyd inks, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 15 Global demand for pentaerythritol from alkyd adhesives/sealants, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 16 Global demand for pentaerythritol from plasticizers, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 17 Global demand for pentaerythritol from alkyd varnishes, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 18 Global demand for pentaerythritol from radiation cure coatings, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 19 Global demand for pentaerythritol from lubricants, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 20 Global demand for pentaerythritol from other applications, 2011 – 2018 (Kilo Tons) (USD Million)
FIG. 21 Global pentaerythritol market volume share by region, 2011 and 2018
FIG. 22 North America pentaerythritol market estimates and forecasts, 2011 – 2018 (Kilo Tons), (USD Million)
FIG. 23 Europe pentaerythritol market estimates and forecast, 2011 – 2018 (Kilo Tons), (USD Million)
FIG. 24 Asia Pacific pentaerythritol market estimates and forecasts, 2011 – 2018 (Kilo Tons), (USD Million)
FIG. 25 RoW pentaerythritol market estimates and forecast, 2011 – 2018 (Kilo Tons), (USD Million)

List of Tables 

TABLE 1 Global pentaerythritol market snapshot, 2012 and 2018
TABLE 2 Major applications of pentaerythritol
TABLE 3 Drivers for pentaerythritol: Impact analysis
TABLE 4 Restraints for pentaerythritol: Impact analysis
TABLE 5 North America pentaerythritol market estimates and forecast, by application, 2011 - 2018 (kilo tons)
TABLE 6 North America pentaerythritol market estimates and forecast, by application, 2011 - 2018 (USD Million)
TABLE 7 Europe pentaerythritol market estimates and forecast, by application, 2011 - 2018 (kilo tons)
TABLE 8 Europe pentaerythritol market estimates and forecast, by application, 2011 - 2018 (USD Million)
TABLE 9 Asia Pacific pentaerythritol market estimates and forecast, by application, 2011 - 2018 (kilo tons)
TABLE 10 Asia Pacific pentaerythritol market estimates and forecast, by application, 2011 - 2018 (USD million)
TABLE 11 RoW pentaerythritol market estimates and forecast, by application, 2011 - 2018 (kilo tons)
TABLE 12 RoW pentaerythritol market estimates and forecast, by application, 2011 - 2018 (USD million)

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Free Market Analysis


Pentaerythritol is an alcohol containing four hydroxyl groups obtained from the aldol condensation process of formaldehyde and acetaldehyde. Pentaerythritol is an odorless, light yellow crystalline powder soluble in water. Pentaerythritol has different derivatives such as pentaerythritol esters, pentaerythritol tetranitrate, pentaerythritol tri-acrylate and dipentaerythritol. Pentaerythritol esters are an environment friendly substitute for electrical transformer fluids as they are biodegradable and less hazardous in water. Properties such as high flash point and low volatility offer resistance to ignition and make pentaerythritol an ideal substitute for dielectric fluids used in transformers.

Pentaerythritol is used in many applications in the automotive industry including high grade lubricants, interiors, coatings, etc. It is also used in the synthesis of polyurethane foams, which are further used in automobile interiors. The demand from emerging economies like China and India is driving growth of the automobile industry. Population growth, increase in disposable incomes, and easy loan schemes are key drivers of the market. These key driving factors have also led to greater demand in housing and a significant growth in construction sites. A burgeoning middle class, increasing income levels, coupled with government initiatives such as tax benefits towards loans for housing, has led to a surge in growth in the construction industry globally. However, increase in demand for acetaldehyde and formaldehyde for other applications will lead to their supply shortage which is further expected to hinder pentaerythritol market.

Alkyd paints dominated the market with 37.6% volume share of the total pentaerythritol demand in 2011. These paints are used in the construction industry and are expected to show significant growth in Asia-Pacific, especially in developing nations such as India and China. Alkyd paints was followed by alkyd inks which have usage in coatings, automobiles and interior decoration. Alkyd adhesives and sealants and plasticizers together accounted for over 20% of the total market in 2011. Plasticizers market is expected to be the fastest growing market at a CAGR of 5.9% from 2012 to 2018. Alkyd varnishes and radiation cure coatings accounted for 8.3% and 6.3% of the total market in 2011, respectively. Changing lifestyles in emerging economies like China and India, is affecting the market of both the applications. Growth in the automobile industry and the need for eco-friendly lubricants to reduce ozone depletion is expected to drive the market for pentaerythritol-based lubricants. Other applications of pentaerythritol and its derivatives include medicines, pesticides, etc. Some of the more innovative applications of pentaerythritol derivatives are in the treatment of heart diseases, where it has fewer side effects than conventional drugs.

Asia-Pacific dominated the global pentaerythritol market and accounted for 42.2% share in 2011. The growing demand and production of pentaerythritol in China and India coupled with the growing construction and automobile industry is expected to push the global demand for pentaerythritol. China is a major producer as well as the largest consumer of pentaerythritol and its derivatives. Europe and North America together accounted for almost 50% of the global demand. Rest of the World which includes Brazil, Africa, Middle East, etc. was the smallest market in 2011, due to slow technological progress and poor life style of people in the region.

The global market for pentaerythritol was highly concentrated with top four participants in the market accounting for 51.9% in 2011. The market was mainly dominated by Perstorp, Hubei Yihua Group, Ercros, Mitsui Chemical, etc.

global-pentaerythritol-market-share-by-application-2011-and-2018
 

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