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Historical Year
Forecast Year
The global neopentyl glycol market reached a volume of about 782.84 KMT in 2023. The market for neopentyl glycol is being driven by increasing demand from multiple industries, such as paint and coatings. The market is further expected to grow at a CAGR of 3.7% in the forecast period of 2024-2032 to reach a volume of approximately 1085.65 KMT by 2032.
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Neopentyl glycol is known for its many properties and applications in various industries, which is directly boosting its growth significantly. Qualities of neopentyl glycol such as scratch resistance, high resistance to oxidation, and non-polar chemical nature, among others, accredit to the rising growth rate of the industry as these make neopentyl glycol employable in various industries. Due to such qualities, the demand for neopentyl glycol is growing for many applications such as resins, paint and coatings, plasiticisers, lubricants, etc., which is thereby bolstering the market growth for the product. The market is also driven by rising demand from pharmaceuticals, textiles, construction, etc., and is expected to witness new market opportunities in the forecast period to expand the market further.
Neopentyl glycol is an organic compound mainly obtained from isobutyraldehyde and formaldehyde. It is a white crystalline solid with a mint-like odour. Neopentyl glycol is used in wide ranges of applications, such as base resins for coatings, lubricant oils and greases, hydraulic fluids, textiles, pharmaceuticals, and pesticides, among others. It is also used in the manufacture of many polyesters due to its ability to enhance the heat, water, and light stability.
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Based on type, the market is divided into:
On the basis of technology, the market is segmented into:
By application, the market is segregated into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The paint and coatings industry additionally has rising demand from automobiles and transportation as well as building and construction industries, indirectly boosting the market growth of neopentyl glycol. Resistance to scratches and low VOC content of neopentyl glycol is expected to boost the use of the product in the paint and coatings industry during the forecast period. Moreover, the growing demand for adhesives and sealants is also supporting the growth of the neopentyl glycol industry. Powder coatings of neopentyl glycol have enhanced thermal protection and ultraviolet stability, making it a leading product in the paint and coating industry, thereby bolstering the growth rate of the industry.
The report gives a detailed analysis of the following key players in the global neopentyl glycol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a volume of nearly 782.84 KMT in 2023.
The market is projected to grow at a CAGR of 3.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 1085.65 KMT by 2032.
The major drivers of the market are rising demand from pharmaceutical, textile, and construction industries and increased adoption of low-VOC glycol products.
The key trends guiding the growth of the market include growing infrastructure projects and developments in personal care and pharmaceuticals.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Flakes, molten, and slurry, among others, are the different types of neopentyl glycol in the market.
Disproportionation method, and hydrogenation method are the various technologies of neopentyl glycol in the market.
The applications of neopentyl glycol include paint and coatings, insulation material, adhesives and sealants, lubricants, fibres, plasticisers, and pharmaceuticals, among others.
The key players in the global neopentyl glycol market are BASF SE, Eastman Chemical Company, Mitsubishi Gas Chemical Company, Inc, Perstorp Group, and LG Chem, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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