New York, NY 16 Feb 21: The global pentaerythritol market is anticipated to reach USD 2.34 billion in 2026 and is estimated to grow at a CAGR of 6.1 % from 2018 to 2026. Pentaerythritol market is anticipated to witness significant growth over the forecast period. Pentaerythritol, an environment-friendly raw material has an advantage of utilizing it as a material for manufacturing. It has a greener process of chemical reactions which leads to the less wasteful material. The overall amount of pollution and waste can be reduced by finding ways to embed greener raw material in the current process, which is still using the non-green material.
By using alcohols on a huge industrial scale of the reaction, both acetaldehyde and formaldehyde can be formed which will not waste resources. Formaldehyde can be synthesized from the oxidation of CH3OH (methanol, wood alcohol) with approximately 90% yield. Since the above-mentioned materials can be procured from nature, the preparation results in a greener reaction.
Owing to eco-friendly nature, pentaerythritol is a greener and useful material to use. The preparation of it creates very less waste and is created from materials which are derived naturally. It is created by condensing formaldehyde (CH2O) and acetaldehyde (CH3CHO) in a liquid solution with the presence of sodium hydroxide (NaOH), a strong basic hydroxide.
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Alkyd paints application segment had the highest market penetration in 2013. The segment is also expected to show the highest growth rate over the forecast period. Owing to less price and its toughness, alkyd coating is more common than natural oil paints. Based on oil coating, few applications include residential trim, cabinets, furniture, and doors. Moreover, metal doors & railings, and industrial equipment are its few applications.
Alkyd ink and plasticizers emerged as the second-largest segment in terms of growth rate but have a low penetration rate. The increase in demand for pentaerythritol is expected to propel the growth of alkyd inks. The alkyd ink includes properties such as film foaming, pigment interaction. Phthalate is the most generally expended kind of plasticizers, with low phthalates being at the cutting edge. DOP is broadly utilized as a universally useful plasticizer particularly with PVC.
Taking lubricants into consideration, the market size, as well as the penetration in the market, is low as compared to other applications. The year on year growth of lubricant is low owing to high drain out time which reduces the consumption of the same. Lubricants are also open to the volatility of price owing to crude oil as a source. Fluctuation in prices of crude oil is expected to affect the cost and price of lubricants which in turn is forecasted to persist low market size and low penetration rate.
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Pentaerythritol is majorly bought in bulk by the companies wherein the buyer and supplier enter into long term contract thus contributing favorably to buyer power. The importance of pentaerythritol for various end use customers, contributes negatively to buyer power. The bargaining power increases because of negligible difference of the pentaerythritol with every supplier. Hence, the bargaining power of buyer for pentaerythritol is moderate owing to aforementioned factors.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
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