The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
The report offers actionable and valuable market insights of Dipentaerythritol Coatings. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Dipentaerythritol Coatings Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Dipentaerythritol Coatings market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Dipentaerythritol Coatings
This newly published and insightful report sheds light on Market Insights of Dipentaerythritol Coatings, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Dipentaerythritol Coatings Market.
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.
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.
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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.
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.
Dipentaerythritol finds widespread acceptance as an essential agent in the production of the thin film intumescent coatings. In addition, use of dipentaerythritol in various new formulations of resin binder, which play a vital role in manufacturing intumescent coatings, is expected to underpin growth of the dipentaerythritol market.
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.
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More Valuable Insights on Dipentaerythritol Coatings Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Dipentaerythritol Coatings, Sales and Demand of Dipentaerythritol Coatings, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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