Global Pentaerythritol Market Outlook, 2019-2023 with Baoding GuoXiu Chemical, Ercros, Hubei Yihua Chemical, Merck, and Perstorp Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 21, 2019--The “Global Pentaerythritol Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The pentaerythritol market will register a CAGR of about 4% by 2023.
The growth in automobile industry is one of the primary factors driving the global pentaerythritol market growth. Several factors such as thermal stability, hydraulic resistance, and viscosity control of pentaerythritol-based esters helps to produce high-grade automotive lubricants.
Additionally, with the growing demand for passenger cars, the demand for synthesis lubricants and PU foams will increase, which will further drive the need for pentaerythritol from the automobile industry.
Increasing demand for pentaerythritol from developing countries
One of the growth drivers of the global pentaerythritol market is the increasing demand for pentaerythritol from developing economies. The emergence of China and India as the hubs of the construction, general industries and automotive is expected to increase the demand for pentaerythritol during the forecast period.
Threat of substitutes
One of the challenges in the growth of global pentaerythritol market is the threat of substitutes. The extensive use of substitutes such as acrylic resins, PU resins, and epoxy resins to produce paints and coatings will hamper the growth of the market during the forecast period.
The market appears to be moderately fragmented and with the presence of several vendors. The vendors in the market are expanding their pentaerythritol production capacities, which will propel the growth of the market.
This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/research/2m42br/global?w=4
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 03/21/2019 07:25 AM/DISC: 03/21/2019 07:25 AM