Asia Pacific Pentaerythritol Market Is Expected To Witness Highest Growth Rate Of 5.9% From 2014 To 2020: Grand View Research, Inc.

Global pentaerythritol market is expected to reach USD 1.85 billion by 2020, according to a new study by Grand View Research, Inc. Strong shift towards the use of pentaerythritol as a substitute for electrical transformer fluid is expected to drive global pentaerythritol market. Growth of key end-use industries such as construction and automotive particularly in emerging markets of Asia Pacific and Latin America is also expected to impact the market growth positively. Overlapping of formaldehyde and acetaldehyde with other key applications and volatile raw material prices are expected to remain key challenges for market participants.

Alkyd paints emerged as the leading application segment and accounted for 37.7% of total market volume in 2013. Increasing use of alkyd paints in automotive and construction industries is expected to remain a key driving factor for this segment. Alkyd paint is also expected to witness the highest growth rate of 5.8% over the forecast period. Global pentaerythritol demand for plasticizers is expected to grow at an estimated CAGR of 5.6% from 2014 to 2020.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/pentaerythritol-market

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