The Global Pentaerythritol for Alkyd Paints Market size was USD 890.51 million in 2019 and is projected to reach USD 1.05 billion by 2027, growing at a CAGR of 2.3% during the forecast period.
Growing demand for stable polyols across several derivatives manufacturing industries is expected to drive market growth. Pentaerythritol has been gaining prominence as a substitute for electrical transformer fluids owing to its biodegradability and safe nature.
Various characteristics such as low volatility, as well as high flash point offer ignition resistance owing to which, pentaerythritol has emerged as an ideal substitute for dielectric fluids used for transformers. Increasing the application of pentaerythritol in transformer dielectric fluids is also expected to have a positive growth impact on the market over the forecast period. Pentaerythritol finds applications in numerous end-use industries, which include automotive, paints, and construction. Automotive applications such as lubricants, interior, coatings, and polyurethane foam have increased over the last few years.
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Top Players in the Global Pentaerythritol for Alkyd Paints Market:
Ercros SA, Celanese Corp., Holding AB, Perstorp, Evonik, Zarja Chemical, Yunnan Yuntianhua, Ruiyang Chemical, Henan Pengcheng Group, Baoding Guoxiu Chemical Industry, Hubei Yihua Group Co. Ltd., Mitsui Chemicals Inc., U-Jin Chemical, Shahid Rasouli, MKS Marmara Entegre Kimya, Kanoria Chemicals Industries Limited, Copenor.
Population expansion and increasing disposable income in addition to the willingness to spend, have driven infrastructural developments in emerging economies of the Asia Pacific and Latin America, which would fuel market demand in the coming years.
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Global Pentaerythritol for Alkyd Paints Market Segmentation:
- Pentaerythritol -95
- Pentaerythritol -98
- Alkyd Paints
- Alkyd Inks
- Alkyd Adhesives and Sealants
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
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