PUBLISHER: Value Market Research | PRODUCT CODE: 1547693
PUBLISHER: Value Market Research | PRODUCT CODE: 1547693
The global demand for Neopentyl Glycol Market is presumed to reach the market size of nearly USD 3.93 Billion by 2032 from USD 2.05 Billion in 2023 with a CAGR of 7.51% under the study period 2024-2032.
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 research 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 an inclusive assessment of each segment in the global market of Neopentyl Glycol. The growth and trends of Neopentyl Glycol industry provide a holistic approach to this study.
This section of the Neopentyl Glycol market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Neopentyl Glycol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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 SF, Eastman Chemicals, LG Chem, Mitsubishi Gas Chemical Co, OXEA, Perstorp AB, Wanhua Chemical Group. This section consists of 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.
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