Pentaerythritol Prices December 2023
Product
|
Category |
Region |
Price |
Pentaerythritol |
Specialty Chemical |
USA |
1910 USD/MT |
Pentaerythritol |
Specialty Chemical |
China |
1220 USD/MT |
Pentaerythritol |
Specialty Chemical |
Belgium |
1435 USD/MT |
Pentaerythritol |
Specialty Chemical |
Saudi Arabia |
1180 USD/MT |
The price of pentaerythritol in the United States for Q4 2023 witnessed a bearish price trend. This is due to the vast availability of inventory and low demand from many end-use industries. Moreover, low shipping activities that led to a hike in inventory levels contributed to the downfall movement. Therefore, the market price in December concluded at 1910 USD/MT.
The price trend for pentaerythritol in China saw a decline in prices as transactions and offtakes witnessed a drop. This raised the inventory levels of pentaerythritol in the country. Also, the production levels were low during November. Moreover, prices witnessed a further dip towards the end of December because of a decrease in upstream costs supported by feedstock formaldehyde owing to weak consumption rates from disinfectants and adhesive manufacturers, stopping at 1220 USD/MT.
Belgium's pentaerythritol prices declined in the fourth quarter of 2023 with a bearish market sentiment. Due to the reduced price of methanol and low demand from several end-use industries, like agriculture, horticulture, plastics, and polyol, the market saw a dip in price, reaching 1435 USD/MT in December.
In the last quarter of FY 2023, Saudi Arabia’s pentaerythritol prices remained low on account of limited demand from downstream industries, such as plasticizers, paint, and food. Also, the rising geopolitical tension in the country, along with reduced buying activity among consumers, contributed to the bearish market sentiment, as it reached 1180 USD/MT.
Pentaerythritol Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Pentaerythritol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of pentaerythritol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing pentaerythritol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Pentaerythritol Market Analysis
The global pentaerythritol market size reached US$ 1.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.5 Billion, at a projected CAGR of 4.30% during 2023-2032.
- The paint and coating industry is experiencing an increase in the product demand due to rising construction globally. Pentaerythritol is used as a key component in alkyd resins to improve the qualities of paints, including durability, gloss retention, and resistance to environmental elements. Urbanization is also speeding up, which raises the need for raw materials like pentaerythritol in infrastructure and development projects. Through October 2023, financing under the Bipartisan Infrastructure Law (BIL) is expected to total about $350 billion in the United States. Among which, $5.9 billion has been set aside for ports and waterways, $9.8 billion for passenger and freight trains, $174.7 billion for major projects, roads, bridges, and public transportation, $7.8 billion for airports, and $34.1 billion for public transportation. Additionally, between 2024 and 2032, the real estate industry is predicted to expand at a 1.9% yearly pace.
- The automotive industry uses pentaerythritol for the production of adhesives and sealants. It improves the vehicle's durability and integrity as they bond parts, seal openings, and better structural strength. Moreover, as people's per capita income rises internationally, more people are buying cars, which spurs the need for PENT. The number of motor vehicles produced in 2022 was 85.4 million, a 5.7% rise from 2021. Of these, China produced 27,222 thousand units, followed by Europe with 16,391 thousand units and North America with 14,901 thousand units. Beyond this, the market for commercial vehicles is expected to be USD 1114.2 billion by 2032, growing at an annual rate of 3.6%.
- Moreover, due to health concerns associated with traditional phthalates, there has been a rising demand for non-phthalate plasticizers in consumer products and packaging materials. Pentaerythritol-based plasticizers are known to be safer and more sustainable. Packaging is important in various sectors and is seeing a growth of 3.9% yearly pace to reach $1.42 trillion in 2028. Packaging demand in Asia is also increasing rapidly and is expected to rise by 5.3% year-on-year (YoY) between 2023 and 2028. China will showcase the fastest demand and consumption of packaging materials as it will account for 25.3% of world packaging demand by value in 2028.
- The fire safety industry is also adopting pentaerythritol for manufacturing intumescent coatings in fireproofing buildings, vehicles, and equipment. These coatings expand when they are exposed to heat and create a char that protects the material beneath from fire. 1.5 million fires in the United States during the year 2022. They caused 3,790 civilian deaths, and 13,250 were injured. It is estimated that a loss of $18 billion occurred due to these fires. This data is crucial and encourages the adoption of PENT in proofing buildings for fire resistance.
- In addition, pentaerythritol production is showing growth as a result of its use in electronic enclosures and components. Manufacturers in the electronics sector are using PENT to protect their devices from fire hazards and to improve the safety of many components. Online sales of consumer electronics are seeing a hike as it is expected to reach €496.4 billion ($540 billion) in 2027, which is up from €434.99 billion ($473.2 billion) in 2020. India is also exporting several electronic devices to many countries worldwide. Its exports were valued at $101 billion in FY23. Of these, mobile phones accounted for 43%, IT hardware 5%, consumer electronics 12%, strategic electronics 5%, industrial electronics 12%, wearables & hearables 0.3%, PCBA 0.7, auto electronics 8%, LED lighting (3%), and electronic components (11%). This is making the use of pentaerythritol evident in these products and devices.
Pentaerythritol News
The report covers the latest developments, updates, and trends impacting the global pentaerythritol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in pentaerythritol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the pentaerythritol industry:
- In June 2023, Perstorp India announced an ISCC PLUS certification at the new production site Sayakha, that is located in Gujarat. The facility will produce Pentaerythritol as well as its renewable equivalent, Voxtar.
- In October 2021, Asian Paints Ltd proposed to double the production capacity of pentaerythritol to 1,500 tons per month from 730 tons per month for the manufacturing of paints and lubricants at its Cuddalore plant in Tamil Nadu.
Product Description
Pentaerythritol (C5H12O4) is a versatile organic compound that is known for its utility in various industrial applications. It is synthesized through the aldol condensation of formaldehyde and acetaldehyde, resulting in a white, crystalline powder characterized by its stability and high melting point. Pentaerythritol is classified as monopentaerythritol and is used in its polymeric forms, such as dipentaerythritol and tripentaerythritol, which offer varied properties like enhanced functionality.
It is recognized for its remarkable properties, including high flash point, excellent water solubility, and resistance to oxidation. Pentaerythritol is used in materials such as alkyd resins, lubricants, explosives, polyvinyl chloride (PVC) stabilizers, antioxidants, synthetic rubber, firefighting foams, printing inks, adhesives, and sealants. Pentaerythritol offers numerous benefits, including its efficiency in enhancing product performance, cost-effectiveness in production processes, and versatility. Moreover, it has the ability to act as a flame retardant and produce low volatile organic compound (VOC) paints.
Regional Coverage
The report provides a detailed analysis of the pentaerythritol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.
Global Pentaerythritol Price
The report offers a holistic view of the global pentaerythritol pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Pentaerythritol Price
The European region experienced a bearish price trend during final quarter of 2023 owing to weak demand fundamentals and a reduction in the costs of methanol. It was further exacerbated by the low demand from the agriculture and horticulture sectors, along with ink producers. Other downstream industries also showcased low demand for pentaerythritol, which contributed to its downward price movement.
This analysis can be extended to include detailed pentaerythritol price information for a comprehensive list of countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Pentaerythritol Price
In North America, the pentaerythritol market witnessed a bearish market sentiment in the final quarter of 2023 because of low product demand from end-use industries such as agriculture, horticulture, and paints. Moreover, the availability of excess inventory due to complications in shipping activities contributed to a fall in prices.
Specific data on pentaerythritol prices within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Pentaerythritol Price
The pentaerythritol market in the Middle East and Africa (MEA) region showcased a bearish sentiment owing to weaker demand fundamentals from downstream businesses. Moreover, limited consumption and increased tension in the region due to the Israel-Palestine war influenced the downward price trend.
In addition to region-wise data, information on pentaerythritol prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Pentaerythritol Price
The pentaerythritol pricing in the Asia Pacific region experienced a mixed price trajectory during the last quarter of 2023. While prices in regions like India rose due to restricted supply from exporting countries, the price in nations like China saw a dip owing to excess inventory and a reduction in upstream prices from feedstock formaldehyde due to weak consumption rates in various disinfectants and adhesive plants.
This analysis can be further extended to include detailed pentaerythritol prices for a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Pentaerythritol Price
The analysis of pentaerythritol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Pentaerythritol |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of pentaerythritol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting pentaerythritol price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the pentaerythritol industry.