The global demand for Neopentyl glycol Market is presumed to reach the valuation of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2020 - 2027. Whereas with regards to volume, the market was calculated XX Thousand Tons in 2020 and foreseen to touch XX Thousand Tons by 2027 with a CAGR of XX% during 2021-2027.
Neopentyl glycol is an organic chemical mixture. It is utilized in the production of paints, polyesters, lubricants, and plasticizers. NPG is a white crystalline solid compound that has a mint-like odor. It reacts aggressively with oxidants, and its finely dispersed particles form explosive mixtures in air. It has brilliant thermal stability for low resin color, exceptional weathering, and shows high chemical and stain resistance. Neopentyl glycol (NPG) is primarily used in base resins for coatings. The significant uses are synthetic lubricant oils, hydraulic fluids, metal-working fluids, greases, and aircraft engine lubricants. NPG is shipped as molten, flake, and in a slurry.
The growing demands for coatings in the automotive & aerospace industry and high consumption in chemical manufacturing industries are the primary factors driving the neopentyl glycol market. The ever increasing government's focus on reducing volatile organic compound (VOC) emissions in all types of chemical products contributes to the neopentyl glycol market's growth. The growing urbanization, rise in construction spending, and high product adoption in the furniture industry are positively impacting the neopentyl glycol market's growth. Moreover, the expansion of production capacity by major players and growing application areas across different end-user industries is likely to generate profitable growth opportunities for key players of the neopentyl glycol market in the coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of neopentyl glycol.
This section of the neopentyl glycol market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
By End-Use Industry
- Paints & Coatings
- Adhesives & Sealants
- Automotive parts Insulation Materials
- Automotive & Transportation
- Building & Construction
- Industrial Plant & Equipment
- Furniture & Interiors
This section covers regional segmentation which accentuates on current and future demand for Neopentyl glycol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Neopentyl Glycol Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the neopentyl glycol market include BASF SE, LG Chem,Eastman Chemical Company, OXEA GmbH, Mitsubishi Gas Chemical Company, IncOleon NV, Oleon NVCelanese Corporation, Perstorp AB, Mohini Organics Pvt. Ltd.,Wanhua Chemical Group Co. Ltd, Kowa India Pvt. Ltd. Zouping Fenlian Biotech Co. Ltd, Zibo Ruibao chemical Co. Ltd.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.