Pentaerythritol Prices: Latest Price, News, Market Analysis, Historical & Forecast, Database, Chart
In the first half of 2023, the Pentaerythritol market in Asia experienced mixed price patterns. Increased demand from downstream industries like adhesive, varnish, and construction, following the easing of Covid-19 lockdowns, led to an upward price trend. In contrast, the European market saw declining prices due to necessity-centric consumer sentiments and limited demands in construction and related sectors. The North American market initially faced bearish sentiments but witnessed rising demand as energy and crude oil prices stabilized, leading to an overall price increase by the end of the second quarter.
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Definition
Pentaerythritol, denoted by the chemical formula C5H12O4, manifests as a crystalline white powder. Its significance lies in being a crucial constituent in the synthesis of alkyd resins, pivotal in the formulation of paints, coatings, and varnishes. Beyond this primary application, Pentaerythritol plays a key role in diverse sectors, serving in the creation of explosives, acting as stabilizers for PVC, and functioning as a flame retardant in plastics and textiles.
Analyzing Pentaerythritol from an economic perspective, the Pentaerythritol Price Trend, Pentaerythritol Price Index, and Pentaerythritol Prices are essential indicators. These metrics provide insights into the fluctuations and dynamics of the market, contributing to a comprehensive understanding of the pricing landscape associated with Pentaerythritol. This information is valuable for stakeholders and industry participants seeking to navigate the market with awareness of the prevailing Price Trend.
Key Details About the Pentaerythritol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Pentaerythritol in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Pentaerythritol Price chart, including India Pentaerythritol price, USA Pentaerythritol price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Pentaerythritol Price Trend:
Pentaerythritol serves essential industrial purposes across multiple sectors. It is a crucial building block in the production of alkyd resins, widely used in paints, coatings, and varnishes, imparting durability, and adhesion properties. Additionally, Pentaerythritol finds applications in explosives manufacturing and acts as a stabilizer for PVC, ensuring its longevity. Its flame-retardant properties make it valuable in plastics and textiles, enhancing fire safety in various industrial applications.
Key Players:
- Mitsui Chemicals Inc
- Celanese Corp
- Perstorp
- Zarja Chemicals
- Ercros SA
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