Dipentaerythritol Market Scenario Indicates Prime Trends & Growth Parameters, 2019 - 2027
Verfasser: ashwani_kailiya on Tuesday, 2 July 2019According 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.
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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.