Demand for Dipentaerythritol to Record a Volume CAGR of 3.0% Through 2027

According to a recent Fact.MR study, the dipentaerythritol market witnessed a volume sales of nearly 40 thousand tons in 2018, and is envisaged to record 2.8% Y-o-Y growth in 2019. Aspects influencing growth of the dipentaerythritol market range from traditional use of this chemical byproduct in paints & coatings and explosives manufacturing, to the advent of innovative application areas such as therapeutics and marine coatings.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=3179

The study expected APEJ to hold a sizeable share of the overall dipentaerythritol volume sales, attributed in part to shifting production facilities from EU and North America to emerging economies of Asia. In addition, China has been one of the leading producers of dipentaerythritol, however fast growth has translated into a phase of overcapacity. This has resulted in intensified competition in line with narrowing profit margins among dipentaerythritol producers in the country.

The study finds that chemical multinationals in China are tailoring their past practices along with adoption of novel strategies for ensuring long-term success, abreast tightening supply trends of dipentaerythritol. The onus of dipentaerythritol market players in China is on self-sufficiency, securing international access to key raw materials, and creating national champions with greater access to western technologies and processes. Such efforts of regional players are expected to retain the lead of APEJ in the dipentaerythritol market.

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=3179

Industrial Grade Dipentaerythritol Remains Sought-After

Dipentaerythritol variants usually come in two purity grades, namely, industrial and technical, as a consequence of difference in their requirements such as research laboratories and industries. The study opines that supremacy of industrial grade dipentaerythritol is here to stay, despite a relatively faster sales growth projected for the technical grade variant in 2019. Over 80% volume share of the dipentaerythritol market will be accounted by industrial grade variant in 2019.

According to the study, paints & coatings and lubrications remain the most lucrative application areas for dipentaerythritol worldwide, collectively estimated to account for over 50% of overall volume sales in 2019. Resurgent activities in residential and commercial construction, along with focus of various governments worldwide on infrastructure development, has resulted in an uptick in demand for paints & coatings, thereby underpinning the adoption of dipentaerythritol. Dipentaerythritol sales are significantly undergird by their use in alkyd paints production, as adoption of these paints in construction activities continue to become more pervasive.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/3179

Manufacturers Investing in Developing Innovative Offerings

Significance of thin film intumescent coatings has witnessed a marked uptick in the recent past, in light of their ability to provide cost-effective, passive fire protection, while maintaining the aesthetic attributes of steel. These coatings have gained immense popularity as effective remedy to issues resulting amid safety practices of construction vis-à-vis ornate, modern designs of architecture.

Development of thermoplastic polyacetals has emerged as a key trend in the dipentaerythritol market, in light of their good degradation properties, along with abundant accessibility and availability of the renewable resource-based building blocks. Dipentaerythritol manufacturers view thermoplastic polyacetals as a lucrative opportunity area, on the back of their potential for renewable sourcing, degradation capability, and excellent material properties.

This Fact.MR study also offers a detailed and accurate forecast of the dipentaerythritol market for the period between 2019 and 2027. The dipentaerythritol market is projected to record a volume CAGR of 3.0% through 2027.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/05/1995851/0/en/Consumption-of-Pine-Chemicals-Projected-to-Soar-at-over-5-CAGR-Through-2027-Bio-friendly-Products-to-Steal-the-Limelight-Says-a-Fact-MR-Report.html

Explore Fact.MR’s Comprehensive Coverage on Chemical & Materials Landscape

Stain Resistant Coatings Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031:https://www.factmr.com/report/stain-resistant-coatings-market

Fertilizer Fillers Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031: https://www.factmr.com/report/fertilizer-fillers-market

Polyaspartic Coatings Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031: https://www.factmr.com/report/polyaspartic-coatings-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com