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Market Sale of Neopentyl Glycol Offers Increased Growth Prospects for Manufacturers

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Charles Burns
Market Sale of Neopentyl Glycol Offers Increased Growth Prospects for Manufacturers

Neopentyl glycol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on neopentyl glycol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

The neopentyl glycol market is expected to witness market growth at a rate of 5.70% in the forecast period of 2021 to 2028

Neopentyl glycol which is also called dimethylolpropan is a hydroscopic crystalline organic chemical compound. It is colorless-to-white in color. Neopentyl glycol is industrially synthesized by the aldol reaction of formaldehyde and isobutyraldehyde, resulting in formation of intermediate hydroxypivaldehyde. This can be converted to neopentyl glycol with the help of catalytic hydrogenation of aldehyde group to an alcohol group. 

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The increasing industrialization and urbanization especially in developing nations and rise in demand for fabric softeners, plasticizers, pesticides and pharmaceuticals are the major factors driving the neopentyl glycol market. The high resistance to oxidation, non-polar chemical nature, increasing demand from automotive, transportation and building and construction sectors and expansion of paints and oil coatings accelerate the neopentyl glycol market growth. The high utilization of as an intermediate in manufacturing of numerous chemical products, housing subsidies along with socio-economic development by the regional governments and increasing necessity for advanced adhesives & sealants with easy usability and low VOC content influence the neopentyl glycol market.

The major players covered in neopentyl glycol market report are BASF SE, Eastman Chemical Company, LG Chem, MITSUBISHI GAS CHEMICAL COMPANY, INC., OQ Chemicals GmbH, Perstorp, Wanhua, Celanese Corporation, Polioli S.p.A., Oleon NV., shenjiang, NYU Tandon, AKEE GROUP, Guanhua Chemical, KNAGTEWEIYE, Xinhua Pharm, Jinan IFT Science & Technology, Zouping Fenlian Biotech Co.,Ltd, Eastar Holding Group Company Limited among other domestic and global players.

The countries covered in the globally neopentyl glycol market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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Global neopentyl glycol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to neopentyl glycol market.

Neopentyl Glycol Market Scope and Market Size

The neopentyl glycol market is segmented on the basis of type, application and end-use industries. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

  1. On the basis of type, the neopentyl glycol market is segmented into flake, molten and slurry.
  2. On the basis of application, the neopentyl glycol market is segmented into coatings, adhesives and sealants and insulation.
  3. On the basis of end-use industries, the neopentyl glycol market is segmented into paints, automotive, construction, chemicals, plastics and textiles.

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