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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Pentaerythritol is a white, crystalline powder with chemical formula C5H12O4. It is an organic compound primarily used as a key building block in the production of alkyd resins, which are widely employed in paints, coatings, and varnishes. Additionally, Pentaerythritol finds applications in the manufacturing of explosives, stabilizers for PVC, and as a flame retardant in plastics and textiles.
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 Trends, 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.
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