Pentaerythritol Tetrakis Market Size, Share, Growth, and Industry Analysis by Type (Purity Above 95% and Purity Below 95%) By Application (Organic Intermediate, Adhesive and Coating, and Others), Regional Insights, and Forecast From 2023 To 2031

Updated On: 04 September 2023

Pentaerythritol Tetrakis Market REPORT OVERVIEW

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The global Pentaerythritol Tetrakis market size was USD 6 million in 2020 and market is expected to reach USD 9.00 million in 2031, exhibiting a CAGR of 3.0% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Pentaerythritol Tetrakis is a chemical substance made of 4 sterically stalled phenols connected over a pentaerythritol core. It is used as the main antioxidant for calming polymers, mostly polyethylene and polypropylene. The joining of phenols composed with pentaerythritol retains their action with significantly concentrated unpredictability. This is vital throughout the dispensation and casting stages where the plastic is heated to mold, usually several hundred grades. It may be formed by the transesterification of 3-(3,5-ditert-butyl-4-hydroxyphenyl) propanoate esters with pentaerythritol.

Pentaerythritol Tetrakis is a living compound with a corrupt odor which are typically used as an organic Intermediary. It is used as an acid ion exchange activator, organic intermediate, and coupler in business. It also can be used as a polymeric converter.

COVID-19 Impact: Supply Chain Disruption and Lockdown Restrictions to Impede Market Progress

Due to enforced lockdowns and imposed limits by separate regulatory bodies in the wake of the recent COVID-19 outbreak, numerous industries' operations have either been temporarily halted or are operating with reduced personnel. Various factors such as social distancing actions, workforce displacement, and supply chain disruptions have directed to the postponement of the construction sector in most nations owing to the shortage of raw materials, disruption in the supply chain and shortage of labor. Manufacturing companies with a high amount of outstanding and lower cash assets confronted a liquidity disaster. Though, the construction of momentary hospitals and quarantine centers augmented with this outburst of coronavirus.

LATEST TRENDS

"R&D Activities to Facilitate Industry Growth"

Upsurge in chemical advancements and R&D activities has poured the demand for a varied collection of electronic devices such as smartphones, tablets, laptops, and others where adhesives and coatings are extensively used for bonding several components. Additionally, factors such as increasing population, urbanization, and rise in government expenses have directed the construction industry to observe a substantial growth where pentaerythritol tetrakis are broadly used to plug openings, cracks, and seal joints. This has directed to an increase in the approval construction sector. Therefore, these factors are expected to boost pentaerythritol tetrakis market growth.

Pentaerythritol Tetrakis Market Segmentation

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• By Type Analysis

As per type, the market is classified into Purity Above 95% and Purity Below 95%.

• By Application Analysis

The market is categorized into Organic Intermediate, Adhesive and Coating, and Others.

DRIVING FACTORS

"Rising Adoption of Paints and Coatings to Facilitate Market Development"

The major factor driving the pentaerythritol tetrakis market is the rising demand for pentaerythritol from paints and coatings. New developments in paint technology, favorable government measures, and construction activities are expected to increase the demand for paints and coatings in the coming years. Increasing demand for pentaerythritol from environmentally friendly paints and coatings is projected to deal with several prospects for the development of the market during the forecast period. Pentaerythritol from paints and coating use is anticipated to lead the market in coming years.

"Increasing Adoption in Automotive Sector to Foster Industry Progress"

One of the major driving factors in the pentaerythritol market is the application in automobile sector applications such as interiors, coatings, and high-grade lubricants. It is also used in the fusion of polyurethane froths, which are used in automobile interiors. It is used in various industries such as automobiles, paints, construction and others. The growing use of alkyd paints in the construction and automotive sector, mainly in emerging countries, is estimated to lead to the development of the pentaerythritol market. Moreover, the natural property of pentaerythritol is a significant growth driver for the market. It is also broadly used as a substitute for electrical converter fluid which is a key driver of the global pentaerythritol market.

RESTRAINING FACTORS

"High Costs to Hinder Market Progress "

Inadequate accessibility of raw materials such as acetaldehyde and formaldehyde owing to overlying with their other commercial applications is anticipated to hinder the growth of the pentaerythritol market. Moreover, unstable raw material costs are another key hindrance to the global pentaerythritol market. 

Pentaerythritol Tetrakis Market REGIONAL INSIGHTS

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"Increasing Demand from Automotive Sector to Foster Market Growth in Asia Pacific"

Asia Pacific is projected to dominate the pentaerythritol tetrakis market share because of the increasing demand for pentaerythritol from coatings paints, and the automotive sector in emerging countries such as Japan, China, and India is projected to drive the demand in the region. Various government initiatives, such as the Housing for All by 2022 act, are profitable to alter the dynamic forces of the construction sector.

North America is expected to have a sizable market share. The increasing demand for composites connections and construction schemes under improvement are the main features driving the market. The U.S. is anticipated to lead the market, with consumption focused mainly on sectors such as automotive, construction, and electronics.

KEY INDUSTRY PLAYERS

"Companies Invest Heavily in Research and Development Activities to Improve Market Position"

The prominent companies of Pentaerythritol Tetra are presently executing technologically advanced construction methods to upsurge production efficiency and improve product portfolios. The existing growth prospects in the sector have also been examined by observing at the enduring process expansion of leading corporations contracted down by following the NAICS standard to inspect their market location and communicate lucrative development schemes.

List of Market Players Profiled

• Bruno Bock (Germany)
• Yodo Kagaku (Japan)
• Qingdao ZKHT (China)
• Jiahua Chem (China)
• Guangzhou Sanwang (China)

INDUSTRY DEVELOPMENT

• January 2020: GE Sealants & Adhesives announced a new nine-product line of Siliconized Acrylic Latex caulks and sealants to shield painting tasks of inside and outside household makeover, comprising painting & sealing, bath & kitchen, and doors & windows.

REPORT COVERAGE

The report examines end-user applications in various product areas and the global market for pentaerythritol tetrakis. The report observes the growth of various market segments by gathering significant data from relevant sources. In addition, the study explains the market size and growth rate of each sector. The study examines important geographic divisions and details all of the beneficial factors that are propelling market expansion. The research report inspects the key variables that are driving the market's growth. It generates trends, limitations, and impulses that influence the market favorably or badly. The numerous segments and applications are also discussed in this section.