Pentaerythritol is a white crystalline organic powder soluble in water. Its molecular formula is C5H12O4. Pentaerythritol is an alcohol with the blend of four hydroxyl groups. It is synthetized by blending acetaldehyde and formaldehyde through the aldol condensation process, followed by the crossed Cannizzaro reaction. Pentaerythritol tetrastearate is a derivative of pentaerythritol. Pentaerythritol tetrastearate, which is also termed as nitrate ester of pentaerythritol, has all four hydroxy groups of pentaerythritol converted into the respective nitrate ester.
Global Pentaerythritol Tetrastearate Market: Segmentation
The global pentaerythritol tetrastearate market can be segmented based on type, application, and region. In terms of type, the market can be segmented into cosmetic grade, industrial grade, and others. Industrial-grade pentaerythritol tetrastearate is significantly used as a high explosive and as a vasodilator in the treatment of angina pectoris. In terms of application, the pentaerythritol tetrastearate market can be divided into plastics, rubber, cosmetics, and others. Rising use of pentaerythritol tetrastearate in cosmetics is a key driver of the global market. Pentaerythritol tetrastearate is employed in cosmetics owing to its property of providing protection from UV rays and regeneration of collagen in the skin.
Global Pentaerythritol Tetrastearate Market: Trends & Developments
Demand for pentaerythritol tetrastearate has been increasing over the last few years, due to rise in its consumption in various applications such as consumer goods and plastics led by its excellent molding properties. Additionally, increase in concerns regarding beauty propels the demand for luxurious cosmetics. This, in turn, fuels the demand for pentaerythritol tetrastearate. Moreover, growing R&D activities to develop pentaerythritol tetrastearate from other raw materials are anticipated to fuel the market in the next few years. However, inadequate availability of raw materials required in the production of pentaerythritol tetrastearate, such as formaldehyde and acetaldehyde, is anticipated to restrain the pentaerythritol tetrastearate market during the forecast period. This inadequacy is because these raw materials are required in other commercial applications. Furthermore, volatile prices of raw materials inhibit the market.
Global Pentaerythritol Tetrastearate Market: Regional Outlook
Based on region, the global pentaerythritol tetrastearate market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is anticipated to be the prominent market for pentaerythritol tetrastearate between 2018 and 2026, due to significant consumption of the compound in the production of cosmetics in the region. In Asia Pacific, growth of population and rise in the per capita income boost the demand for lifestyle products. This, in turn, propels the pentaerythritol tetrastearate market. Moreover, the demand for pentaerythritol tetrastearate is increasing from manufacturers of plastics Asia Pacific region. The market in Europe is anticipated to expand at a rapid pace during the forecast period, followed by North America. The pentaerythritol tetrastearate market in North America and Europe is expected to witness significant growth during the forecast period, due to presence of developed economies and growing usage of skin care products in these regions. The pentaerythritol tetrastearate market in Middle East & Africa and Latin America is projected to expand at a moderate pace in the near future, due to presence of developing economies in these regions. However, the growing economy of Brazil create huge opportunity for pentaerythritol tetrastearate market in Latin America.
Global Pentaerythritol Tetrastearate Market: Key Players
Key players operating in the global pentaerythritol tetrastearate market are Xanadu Technologies Limited, Guangzhou Cardlo Biochemical Technology Co., Ltd, and Jiangsu Haian Petroleum Chemical Factory.
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