A historic supply-demand reversal is sweeping the pentaerythritol industry, officially kicking off a super cycle that has caught the attention of the global chemical market. With overseas production capacity halved amid multiple pressures, coupled with the explosive demand for AI computing power driving the surge in PCB core materials, pentaerythritol has seen both volume and price soar by over 60%, creating an unprecedented boom. As the world’s third-largest and Asia’s second-largest global pentaerythritol leader, Zhongyi Da is standing at the forefront of this industry upswing, effortlessly reaping the dividends of the super cycle with its core production capacity and in-depth layout in high-growth tracks.
The storm on the global supply side has become the trigger for the pentaerythritol super cycle, reshaping the entire industry’s supply pattern. Core production regions such as the Middle East and Europe are facing a triple squeeze: high natural gas prices pushing up production costs, ongoing geopolitical conflicts disrupting industrial chains, and tightened environmental policies raising industry thresholds. Under this pressure, more than 50% of overseas major factories have been forced to shut down, with many production lines permanently ceasing operations and no plans for resumption in the medium term. This has directly halved the global effective production capacity of pentaerythritol, leading to an industry pentaerythritol supply gap exceeding 50% and completely breaking the previous supply-demand balance.
The supply shortage has further intensified the tight market situation. Industry-wide inventories are approaching zero, and spot orders have been scheduled until the second half of 2026, making it extremely difficult for downstream enterprises to obtain goods. Price hikes have become the norm, and the bargaining power in the market has completely shifted to domestic leading enterprises. Unlike the temporary supply shock that the market initially expected, this supply contraction is a structural change caused by long-term cost pressure, policy constraints and geopolitical factors, meaning that overseas production capacity is unlikely to recover on a large scale within 12-18 months.
While the supply side is contracting sharply, the demand side is ushering in an explosive growth driven by multiple high-growth tracks, forming a “core with multiple wings” development pattern for pentaerythritol. The most striking driver is the surge in AI computing power—with the rapid construction of global AI servers and data centers, the demand for high-frequency and high-speed PCBs has skyrocketed, and pentaerythritol, as the core raw material for high-end photopolymer inks, has become an indispensable “hidden chip material” in the AI industry. It accounts for 40%-45% of the PCB inks used in AI servers and data centers, directly benefiting from the continuous expansion of global AI computing infrastructure.
Beyond the AI track, pentaerythritol is also achieving high growth in multiple fields. In the new energy sector, it is widely used in wind turbine blades, photovoltaic materials, and essential coatings for new energy vehicles; in high-end manufacturing, it serves as a core raw material for aerospace lubricants and high-end military materials; in addition, it has strong demand in high-end UV coatings, environmentally friendly adhesives and other fields. Driven by the triple impetus of AI, new energy, and military industries, the annual growth rate of pentaerythritol demand exceeds 25%, and its growth potential has been fully unlocked.
The imbalance between supply and demand has directly ignited a comprehensive price surge in the pentaerythritol market, with both single and double pentaerythritol showing a synchronized upward trend and continuously setting new historical highs. Specifically, the average price of monochloropentaerythritol rose from 9,500 yuan/ton at the end of 2025 to 15,500 yuan/ton in May 2026, an increase of about 63%; the average price of bis(2-ethylhexyl) ether jumped from 45,000 yuan/ton in the second half of 2025 to 74,000 yuan/ton in May 2026, an increase of about 64%. Industry insiders point out that the price increase logic is extremely strong: the supply gap is difficult to fill in the short term, demand continues to grow, and prices are prone to rise rather than fall, leaving ample room for further increases and continuously releasing the profit elasticity of leading enterprises.
Against the backdrop of the industry super cycle, Zhongyi Da, as the absolute leader in the pentaerythritol industry, is becoming the biggest beneficiary. Its wholly-owned subsidiary, Chifeng Ruiyang, holds core production capacity, with a total annual production capacity of 50,000 tons of pentaerythritol and about 5,000 tons of dipentaerythritol, ranking third in the world and second in Asia, with extremely strong industry influence. In 2025, the revenue from the pentaerythritol series accounted for 60% of the company’s total revenue, becoming the absolute core of its performance, and its profitability is deeply tied to the industry’s prosperity.
At present, Zhongyi Da’s production equipment is operating at full capacity, with a capacity utilization rate exceeding 100%. Orders are fully arranged, and the market demand is booming. The continuous increase in both output and price has driven a sustained performance boom for the company. In addition, the company has obvious technical barriers—it has independently developed a co-production process for single, double, and triple pentaerythritol, and the proportion of high-value-added dipentaerythritol in its product mix is higher than that of competitors, giving it a better product structure and stronger profitability. Its Zhongyi Da production capacity and technical advantages have further consolidated its leading position in the industry during the super cycle.
To sum up, the pentaerythritol industry is currently in a golden period of triple benefits: supply contraction, demand explosion, and price surge, and the super cycle has officially arrived. Overseas production capacity will not recover in the short term, and the demand for AI computing power will continue to grow, which will continue to support the strong price trend of pentaerythritol. As the world’s third-largest pentaerythritol leader, Zhongyi Da has complete barriers in production capacity, technology, and customers, and is deeply integrated into the golden tracks of AI, new energy, and military industries. It is fully grasping the industry dividends and ushering in dual opportunities for performance growth and valuation revaluation.
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