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.
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Growing Palpability of Thin Film Intumescent Coatings
Thin film intumescent coatings continue to gain significance as a key solution for protecting structural steel. Dipentaerythritol is an essential agent for accomplishing intumescence in thin film coatings. This, coupled with the ability of thin film intumescent coatings to offer a passive yet cost-effective fire protection, and maintain aesthetic qualities of steel, continues to favor growth of the dipentaerythritol market. Additionally, use of this chemical derivative in new resin binder formulations, which play an integral role in intumescent coatings, will significantly underpin growth of the dipentaerythritol market in the foreseeable future. Intumescent coatings are a perfect solution to contradictions arising from considerations given to safety aspects of construction vis-à-vis modern & ornate architectural designs.
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https://www.factmr.com/report/3179/dipentaerythritol-market
Dipentaerythritol Market – Key Insights
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.
Request Free Sample Report Here:
https://www.factmr.com/connectus/sample?flag=S&rep_id=3179
Growing Palpability of Thin Film Intumescent Coatings
Thin film intumescent coatings continue to gain significance as a key solution for protecting structural steel. Dipentaerythritol is an essential agent for accomplishing intumescence in thin film coatings. This, coupled with the ability of thin film intumescent coatings to offer a passive yet cost-effective fire protection, and maintain aesthetic qualities of steel, continues to favor growth of the dipentaerythritol market. Additionally, use of this chemical derivative in new resin binder formulations, which play an integral role in intumescent coatings, will significantly underpin growth of the dipentaerythritol market in the foreseeable future. Intumescent coatings are a perfect solution to contradictions arising from considerations given to safety aspects of construction vis-à-vis modern & ornate architectural designs.
Browse Full report with TOC:
https://www.factmr.com/report/3179/dipentaerythritol-market
Dipentaerythritol Market – Key Insights
- Worldwide volume sales of dipentaerythritol recorded a sluggish growth at 5% CAGR between 2013 and 2018. However, this chemical by-product is expected to witness a sustained demand across industry verticals in light of its hydrophobic nature.
- Industry grade dipentaerythritol is expected to hold bulk shares of the market, despite relative faster growth estimated for sales of technical grade variant. Industry grade dipentaerythritol sales are expected to register a Y-o-Y growth at 2.7% in 2019 over 2018.
- Asia-Pacific excluding Japan continues to gain significance as the most lucrative landscape for growth of the dipentaerythritol market, with industry players across domains such as paints & coatings and cosmetics leveraging the latent opportunities in the region.
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