Rockville, MD -- (SBWIRE) -- 06/28/2019 -- Dipentaerythritol Market – Key Insights
Worldwide volume sales of dipentaerythritol recorded a sluggish growth at 5% CAGR between 2013 and 2018. However, this chemical by-product is expected to witness a sustained demand across industry verticals in light of its hydrophobic nature.
Industry grade dipentaerythritol is expected to hold bulk shares of the market, despite relative faster growth estimated for sales of technical grade variant.Industry grade dipentaerythritol sales are expected to register a Y-o-Y growth at 2.7% in 2019 over 2018.
Asia-Pacific excluding Japan continues to gain significance as the most lucrative landscape for growth of the dipentaerythritol market, with industry players across domains such as paints & coatings and cosmetics leveraging the latent opportunities in the region.
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APEJ will also retain its position as the fastest-growing market for dipentaerythritol, with volume sales in the region estimated at over 4.0% through 2028.
What are Key Growth Drivers of the Dipentaerythritol Market?
Dipentaerythritol continues to witness a significant demand from alkyd paint producers, as the trend toward adoption of these paints in commercial as well as residential construction takes a paradigm shift from being ephemeral to pervasive
Constant new product development activities being carried out in line with notably rising significance of new applications such as explosives and flame retardant products, will continue to create new growth opportunities for the dipentaerythritol market
Dipentaerythritol market growth will also remain sustained by adoption of this chemical derivative as a sustainable alternative to electrically transformed fluids, in light of their water resistance and biodegradable properties
Demand for dipentaerythritol will remain high in formulation of mixtures and key packaging processes, along with their lucrativeness in the production of plastic products
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The advent of innovative uses of dipentaerythritol, such as a key agent in the management and treatment of heart diseases, as it deprives side-effects associated with conventional drugs, further undergirds growth of the dipentaerythritol market
Resurgent growth in the construction industry worldwide, coupled with focus of governments on infrastructure development, which entails demand for paints & coatings, will uphold growth of the dipentaerythritol market
What are Key Challenges Faced by Companies Operating in the Dipentaerythritol Market?
Volatile prices of raw materials continues to remain a key challenge for the dipentaerythritol manufacturers, who are currently taking continuous efforts toward seeking sustainable sources and production techniques
Limited availability of raw materials such as acetaldehyde and formaldehyde, owing to overlapping demand in other commercial applications of these materials, will also remain a key concern among dipentaerythritol market players
Dipentaerythritol Market – Assessment on the Competitive Landscape
JenKem Technology USA introduced its 6ARM-PEG Derivatives (dipentaerythritol), which are synthesized with ethoxylation of dipentaerythritol. Number of units of ethylene oxide in this dipentaerythritol may vary in different arms, according to the company.
Samyang's recently introduced its industry grade dipentaerythritol, which is white odorless crystalline compound, deeming its safety at ambient temperature. Although it has a slight risk of explosion with fine powder, it is still considered to be a relatively stable dipentaerythritol produced.
The FDA has recently added mixed esters of fatty acids comprising pentaerythritol and dipentaerythritol, in its inventory of the Effective Food Contact Substances (FCS). This will further create opportunities for established as well as emerging players in the dipentaerythritol market.
Key players profiled in this report on the dipentaerythritol market include Ercros S.A., Kanoria Chemicals & Industries Ltd., Merck KgaA, Henan Tianfu Chemical Co. Ltd, Jiangsu World Chemical Industry Co., Ltd., Alder S.p.A, Watson International Ltd, BOC Sciences, Kanoria Chemicals & Industries, TCI Chemicals (India) Pvt. Ltd., Baoding GuoXiu Chemical Co., Ltd., and Samyang Chemical Corporation.
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Table of Contents Covered in the report are:
1. Global Dipentaerythritol Market - Executive Summary
1.1. Dipentaerythritol Market- Opportunity Assessment
1.1.1. Component Market Value (US$ Mn)
1.1.2. Winning and Losing Components
1.1.3. Competitive Analysis (Wheel of Fortune)
1.2. Fact.MR View Point
2. Global Dipentaerythritol Market Overview
2.1. Global Dipentaerythritol Market Definition
2.2. Research Scope
2.3. Global Dipentaerythritol Market Size (US$ Mn) & Volume (Tons) and Forecast, 2013-2027
2.3.1. Global Dipentaerythritol Market Y-o-Y Growth
3. Key Indicators Assessment
3.1. Global Chemical Industry Overview
3.1.1. Global Chemical Industry Analysis and Forecast, 2013-2027
3.1.2. Global Chemical Industry Sales and Forecast by Regions
3.1.3. Global Chemical Industry Sales by Key Countries
3.2. Global Formaldehyde Market Overview
3.2.1. Global Formaldehyde Market Analysis and Forecast, 2013-2027
3.2.2. Global Formaldehyde Market Share and BPS Analysis and Forecast by Region, 2019 & 2027
3.2.3. Global Formaldehyde Demand Share by Derivatives, 2019 & 2027
184.108.40.206. Urea Formaldehyde (UF) Resins & Concentrates
220.127.116.11. Phenol Formaldehyde (PF) Resins
18.104.22.168. Polyoxymethylene/ Polyacetal (POM)
22.214.171.124. Methylene Diphenyl Diisocyanate (MDI)
126.96.36.199. Melamine Formaldehyde (MF) Resin
3.3. Global Pentaerythritol Market Overview
3.3.1. Global Pentaerythritol Market Analysis and Forecast, 2013-2027
3.3.2. Global Pentaerythritol Market Share and BPS Analysis and Forecast by Region, 2019 & 2027
3.3.3. Global Pentaerythritol Demand Share by Grades, 2019 & 2027
188.8.131.52. Penta Mono Technical
184.108.40.206. Penta Nitration Grade
3.4. PATENT Analysis
3.5. Dipentaerythritol Market Analysis – Forecast Scenario
3.5.1. Dipentaerythritol Market Analysis – Forecast Factors
3.5.2. Key Takeaways
3.6. Market Dynamics
3.6.1. Key Drivers and Trends
3.6.2. Market Challenges
3.7. Supply Chain
3.7.1. List of Raw Material Suppliers
3.7.2. List of Manufacturers
3.7.3. List of Distributors/Suppliers
3.7.4. List of End Use Industries
3.8. Porter's Five Factors Analysis
3.9. Macro-Economic Factors
3.9.1. Global Chemical Industry Outlook
3.9.2. Global Paints & Coatings Industry Outlook
3.9.3. Global Adhesives and Sealants Industry Outlook
3.9.4. Global Lubricants Industry Outlook
3.9.5. Global Plasticizers Industry Outlook
3.9.6. Global Pentaerythritol Industry Outlook
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