Neopentyl Glycol Market Analysis By Application (Paints and coatings, Plasticizers, Lubricants, Others), By Type (Conventional neopentyl glycol, Bio-based neopentyl glycol), and By Region Forecast to 2032
- Report ID: ME_00111629
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.95 |
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The Neopentyl Glycol Market size is estimated to grow at a CAGR of 5.2% between 2022 and 2032. The market size is forecast to increase by USD 1,567.89 million. The growth of the market depends on several factors, including the rising demand for environmentally friendly products, increasing use in the automotive and construction industries, and the growing demand for high-performance coatings and adhesives. Neopentyl glycol (NPG) is a chemical compound that is widely used as a building block in the production of various polymers, resins, and coatings. It is a versatile compound that offers excellent chemical and thermal stability, low volatility, and resistance to moisture and UV radiation. These properties make it suitable for a wide range of applications, including paints, coatings, adhesives, synthetic fibers, and plasticizers.
Neopentyl Glycol Market Overview
Drivers
One of the key factors driving the neopentyl glycol market growth is the rising demand for environmentally friendly products. With increasing environmental concerns and regulations, there is a growing demand for sustainable and eco-friendly materials. Neopentyl glycol is a non-toxic and biodegradable compound that is considered environmentally friendly. It is widely used as a substitute for traditional petrochemical-based compounds in various applications, including paints, coatings, and adhesives. The shift towards sustainable and green products is expected to drive the market growth during the forecast period.
Moreover, the automotive and construction industries are major consumers of neopentyl glycol. The automotive industry uses neopentyl glycol in the production of high-performance coatings, adhesives, and sealants, which offer excellent durability, weather resistance, and corrosion protection. Similarly, the construction industry uses neopentyl glycol-based coatings and adhesives for various applications, including architectural coatings, flooring, and insulation. The growth of these industries is expected to drive the demand for neopentyl glycol during the forecast period.
Trends
A key trend shaping the neopentyl glycol market growth is the increasing use in high-performance coatings and adhesives. Neopentyl glycol offers excellent chemical resistance, weatherability, and adhesion properties, making it suitable for demanding applications. It is widely used in the production of automotive coatings, industrial coatings, and high-performance adhesives. The increasing demand for durable and high-quality coatings and adhesives in various industries, including automotive, construction, and aerospace, is expected to drive the market growth during the forecast period.
Additionally, there is a growing trend of technological advancements and innovations in the neopentyl glycol market. Manufacturers are focusing on developing new grades and formulations of neopentyl glycol to meet the specific requirements of different applications. For instance, there is a growing demand for low-VOC (volatile organic compounds) coatings and adhesives, which has led to the development of neopentyl glycol-based formulations with reduced VOC emissions. Such innovations and advancements are expected to drive market growth during the forecast period.
Restraints:
One of the key challenges hindering the neopentyl glycol market growth is the volatility in raw material prices. Neopentyl glycol is primarily derived from petroleum-based feedstocks, and its production is influenced by fluctuations in crude oil prices. The volatility in raw material prices can impact the production costs of neopentyl glycol, which can, in turn, affect its market price and demand. Manufacturers need to closely monitor and manage the raw material costs to remain competitive in the market.
Furthermore, the neopentyl glycol market is highly competitive, with the presence of several major players. The intense competition among manufacturers can lead to price wars and margin pressures. Additionally, the market is characterized by the presence of various substitutes and alternative compounds, which can pose a challenge to the market growth. Manufacturers need to focus on product differentiation, quality, and innovation to stay ahead in the market.
Neopentyl Glycol Market Segmentation By Application
The paints and coatings segment is estimated to witness significant growth during the forecast period. Neopentyl glycol is widely used as a building block in the production of high-performance coatings for various applications, including automotive, industrial, and architectural coatings. It offers excellent durability, weather resistance, and chemical resistance, making it suitable for demanding coating applications. The increasing demand for high-quality and long-lasting coatings in industries such as automotive, construction, and aerospace is expected to drive the growth of this segment, which in turn will drive the market growth during the forecast period.
The adhesives segment is another significant application of neopentyl glycol. Neopentyl glycol-based adhesives offer excellent adhesion properties, chemical resistance, and durability. They are widely used in various industries, including automotive, construction, and electronics, for bonding and sealing applications. The increasing demand for high-performance adhesives with superior bonding strength and durability is expected to fuel the growth of this segment, which in turn will drive the market growth during the forecast period.
Neopentyl Glycol Market Segmentation By Type
The technical grade neopentyl glycol segment is estimated to witness significant growth during the forecast period. Technical grade neopentyl glycol is widely used in various industrial applications, including paints, coatings, adhesives, and synthetic fibers. It offers excellent chemical and thermal stability, low volatility, and resistance to moisture and UV radiation. The increasing demand for high-quality and high-performance materials in industries such as automotive, construction, and textiles is expected to drive the growth of this segment, which in turn will drive the market growth during the forecast period.
Regional Overview:
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Request pdf SampleAPAC is estimated to contribute 40% to the growth of the global market during the forecast period. The main factor significantly contributing to the growth of the neopentyl glycol market in APAC is the rapid industrialization and urbanization in countries such as China and India. These countries are witnessing significant growth in industries such as automotive, construction, and electronics, which are major consumers of neopentyl glycol. The increasing demand for high-performance coatings, adhesives, and synthetic fibers in these industries is expected to drive the market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global neopentyl glycol market witnessed a significant slowdown due to the temporary closure of manufacturing facilities and disruptions in the supply chain. However, in 2021, the initiation of large-scale vaccination drives and the easing of lockdown restrictions led to the resumption of industrial activities and the recovery of the market. The gradual recovery of end-use industries and the increasing demand for high-performance materials are expected to drive the market during the forecast period.
Neopentyl Glycol Market Customer Landscape
The neopentyl glycol market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Neopentyl Glycol Market Companies?
Companies in the neopentyl glycol market are implementing various strategies to enhance their market presence, including strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches.
Some of the major companies in the neopentyl glycol market include:
- Eastman Chemical Company
- Perstorp Holding AB
- Mitsubishi Gas Chemical Company, Inc.
- LG Chem Ltd.
- BASF SE
- Evonik Industries AG
- Huntsman Corporation
- Lanxess AG
- Mitsui Chemicals, Inc.
- Shandong Dongchen Chemical Co., Ltd.
The research report provides detailed analyses of the competitive landscape and information about key market players. It includes qualitative and quantitative analysis to categorize companies based on their business environment, strengths, and weaknesses.
Segment Overview
The neopentyl glycol market report forecasts market growth by revenue at the global, regional, and country levels. It provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
- Paints and coatings
- Plasticizers
- Lubricants
- Others
- Type Outlook (USD Million, 2019 - 2032)
- Conventional neopentyl glycol
- Bio-based neopentyl glycol
- Geography Outlook (USD Million, 2019 - 2032)
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- K.
- Rest of Europe
- APAC
- China
- India
- Japan
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Content
Chapter 1 About the Neopentyl Glycol (CAS No. 126-30-7) Industry
1.1 Industry Definition
1.1.1 Types of Neopentyl Glycol (CAS No. 126-30-7) industry
1.2 Main Market Activities
1.3 Similar Industries
1.4 Industry at a Glance
Chapter 2 World Market Competition Landscape
2.1 Neopentyl Glycol (CAS No. 126-30-7) Markets by Regions
2.1.1 USA
Market Revenue (M USD) and Growth Rate 2015-2020
Market Revenue (M USD) by Applications, Through 2025
Major Players Revenue (M USD) in 2020
2.1.2 Europe
Market Revenue (M USD) and Growth Rate 2015-2020
Market Revenue (M USD) by Applications, Through 2025
Major Players Revenue (M USD) in 2020
2.1.3 China
Market Revenue (M USD) and Growth Rate 2015-2020
Market Revenue (M USD) by Applications, Through 2025
Major Players Revenue (M USD) in 2020
2.1.4 India
Market Revenue (M USD) and Growth Rate 2015-2020
Market Revenue (M USD) by Applications, Through 2025
Major Players Revenue (M USD) in 2020
2.1.5 Japan
Market Revenue (M USD) and Growth Rate 2015-2020
Market Revenue (M USD) by Applications, Through 2025
Major Players Revenue (M USD) in 2020
2.1.6 South East Asia
Market Revenue (M USD) and Growth Rate 2015-2020
Market Revenue (M USD) by Applications, Through 2025
Major Players Revenue (M USD) in 2020
2.2 World Neopentyl Glycol (CAS No. 126-30-7) Market by Types
2.3 World Neopentyl Glycol (CAS No. 126-30-7) Market by Applications
Polyesters
Paints
Plasticizers
Lubricants
Others
2.4 World Neopentyl Glycol (CAS No. 126-30-7) Market Analysis
2.4.1 World Neopentyl Glycol (CAS No. 126-30-7) Market Revenue and Growth Rate 2015-2020
2.4.2 World Neopentyl Glycol (CAS No. 126-30-7) Market Consumption and Growth rate 2015-2020
2.4.3 World Neopentyl Glycol (CAS No. 126-30-7) Market Price Analysis 2015-2020
Chapter 3 World Neopentyl Glycol (CAS No. 126-30-7) Market share
3.1 Major Production Market share by Players
3.2 Major Revenue (M USD) Market share by Players
3.3 Major Production Market share by Regions in 2020, Through 2025
3.4 Major Revenue (M USD) Market share By Regions in 2020, Through 2025
Chapter 4 Supply Chain Analysis
4.1 Industry Supply chain Analysis
4.2 Raw material Market Analysis
4.2.1 Raw material Prices Analysis 2015-2020
4.2.2 Raw material Supply Market Analysis
4.2 Manufacturing Equipment Suppliers Analysis
4.3 Production Process Analysis
4.4 Production Cost Structure Benchmarks
4.5 End users Market Analysis
Chapter 5 Company Profiles
5.1 BASF
5.1.1 Company Details (Foundation Year, Employee Strength and etc)
5.1.2 Product Information (Picture, Specifications and Applications)
5.1.3 Revenue (M USD), Price and Operating Profits
5.2 Eastman
5.2.1 Company Details (Foundation Year, Employee Strength and etc)
5.2.2 Product Information (Picture, Specifications and Applications)
5.2.3 Revenue (M USD), Price and Operating Profits
5.3 LG Chem
5.3.1 Company Details (Foundation Year, Employee Strength and etc)
5.3.2 Product Information (Picture, Specifications and Applications)
5.3.3 Revenue (M USD), Price and Operating Profits
5.4 OXEA
5.4.1 Company Details (Foundation Year, Employee Strength and etc)
5.4.2 Product Information (Picture, Specifications and Applications)
5.4.3 Revenue (M USD), Price and Operating Profits
5.5 Perstorp
5.5.1 Company Details (Foundation Year, Employee Strength and etc)
5.5.2 Product Information (Picture, Specifications and Applications)
5.5.3 Revenue (M USD), Price and Operating Profits
5.6 IFT
5.6.1 Company Details (Foundation Year, Employee Strength and etc)
5.6.2 Product Information (Picture, Specifications and Applications)
5.6.3 Revenue (M USD), Price and Operating Profits
5.7 SANJU
5.7.1 Company Details (Foundation Year, Employee Strength and etc)
5.7.2 Product Information (Picture, Specifications and Applications)
5.7.3 Revenue (M USD), Price and Operating Profits
5.8 FENLIAN
5.8.1 Company Details (Foundation Year, Employee Strength and etc)
5.8.2 Product Information (Picture, Specifications and Applications)
5.8.3 Revenue (M USD), Price and Operating Profits
5.10 Mitsubishi Gas Chemical
5.10.1 Company Details (Foundation Year, Employee Strength and etc)
5.10.2 Product Information (Picture, Specifications and Applications)
5.10.3 Revenue (M USD), Price and Operating Profits
Chapter 6 Globalisation & Trade
6.1 Business Locations
6.2 Supply channels
6.3 Marketing strategy
6.4 Barriers to Entry
Chapter 7 Distributors and Customers
7.1 Major Distributors and contact information by Regions
7.2 Major Customers and contact information by Regions
Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
8.1 USA
8.2 Germany
8.3 China
8.4 Japan
8.5 India
Chapter 9 World Neopentyl Glycol (CAS No. 126-30-7) Market Forecast through 2025
9.1 World Neopentyl Glycol (CAS No. 126-30-7) Demand by Regions Forecast through 2025
9.2 World Neopentyl Glycol (CAS No. 126-30-7) Price(by Regions, Types, Applications)Analysis Forecast through 2025
9.3 World Neopentyl Glycol (CAS No. 126-30-7) Revenue (M USD)(by Regions, Types, Applications) Forecast through 2025
9.4 World Neopentyl Glycol (CAS No. 126-30-7) Market Analysis
9.4.1 World Neopentyl Glycol (CAS No. 126-30-7) Market Revenue and Growth Rate through 2025
9.4.2 World Neopentyl Glycol (CAS No. 126-30-7) Market Consumption and Growth rate through 2025
9.4.3 World Neopentyl Glycol (CAS No. 126-30-7) Market Price Analysis through 2025
Chapter 10 Key success factors and Market Overview
Tables and figures
Table Main Market Activities by Regions
Table Market Revenue (M USD) and Growth Rate 2015-2020
Table Major Players Revenue (M USD) in 2020
Table Market Revenue (M USD) and Growth Rate 2015-2020
Table Major Players Revenue (M USD) in 2020
Table Market Revenue (M USD) and Growth Rate 2015-2020
Table Major Players Revenue (M USD) in 2020
Table Market Revenue (M USD) and Growth Rate 2015-2020
Table Major Players Revenue (M USD) in 2020
Table Market Revenue (M USD) and Growth Rate 2015-2020
Table Major Players Revenue (M USD) in 2020
Table Major Production Market share by Players 2020
Table Major Revenue (M USD) Market share by Players 2020
Table Production Market share by Major Regions in 2020-2020
Table Production Market share by Major Regions in 2020-2025
Table Revenue (M USD) Market share by Regions in 2020-2020
Table Revenue (M USD) Market share by Regions in 2020-2025
Table Industry Supply chain Analysis
Table Raw material Prices Analysis 2015-2020
Table Raw material Suppliers Market Analysis
Table Manufacturing Equipment Suppliers Analysis
Figure Production Process Analysis
Figure Production Cost Structure
Table major End Users by Regions
Table BASF Information List
Figure Neopentyl Glycol (CAS No. 126-30-7)Neopentyl Glycol (CAS No. 126-30-7) Picture, Specifications and Applications of BASF
Table Neopentyl Glycol (CAS No. 126-30-7) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of BASF 2020
Figure Neopentyl Glycol (CAS No. 126-30-7) Sales Volume and World Market Share of BASF 2020
Table Eastman Information List
Figure Neopentyl Glycol (CAS No. 126-30-7) Picture, Specifications and Applications of Eastman
Table Neopentyl Glycol (CAS No. 126-30-7) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Eastman 2020
Figure Neopentyl Glycol (CAS No. 126-30-7) Sales Volume and World Market Share of Eastman 2020
Table LG Chem Information List
Figure Neopentyl Glycol (CAS No. 126-30-7) Picture, Specifications and Applications of LG Chem
Table Neopentyl Glycol (CAS No. 126-30-7) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of LG Chem 2020
Figure Neopentyl Glycol (CAS No. 126-30-7) Sales Volume and World Market Share of LG Chem 2020
Table OXEA Information List
Figure Neopentyl Glycol (CAS No. 126-30-7) Picture, Specifications and Applications of OXEA
Table Neopentyl Glycol (CAS No. 126-30-7) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of OXEA 2020
Figure Neopentyl Glycol (CAS No. 126-30-7) Sales Volume and World Market Share of OXEA 2020
Table Perstorp Information List
Figure Neopentyl Glycol (CAS No. 126-30-7) Picture, Specifications and Applications of Perstorp
Table Neopentyl Glycol (CAS No. 126-30-7) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Perstorp 2020
Figure Neopentyl Glycol (CAS No. 126-30-7) Sales Volume and World Market Share of Perstorp 2020
Table IFT Information List
Figure Neopentyl Glycol (CAS No. 126-30-7) Picture, Specifications and Applications of IFT
Table Neopentyl Glycol (CAS No. 126-30-7) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of IFT 2020
Figure Neopentyl Glycol (CAS No. 126-30-7) Sales Volume and World Market Share of IFT 2020
Table SANJU Information List
Figure Neopentyl Glycol (CAS No. 126-30-7) Picture, Specifications and Applications of SANJU
Table Neopentyl Glycol (CAS No. 126-30-7) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of SANJU 2020
Figure Neopentyl Glycol (CAS No. 126-30-7) Sales Volume and World Market Share of SANJU 2020
Table FENLIAN Information List
Figure Neopentyl Glycol (CAS No. 126-30-7) Picture, Specifications and Applications of FENLIAN
Table Neopentyl Glycol (CAS No. 126-30-7) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of FENLIAN 2020
Figure Neopentyl Glycol (CAS No. 126-30-7) Sales Volume and World Market Share of FENLIAN 2020
Table Mitsubishi Gas Chemical Information List
Figure Neopentyl Glycol (CAS No. 126-30-7) Picture, Specifications and Applications of Mitsubishi Gas Chemical
Table Neopentyl Glycol (CAS No. 126-30-7) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Mitsubishi Gas Chemical 2020
Figure Neopentyl Glycol (CAS No. 126-30-7) Sales Volume and World Market Share of Mitsubishi Gas Chemical 2020
Table Business Locations
Figure Supply channels
Figure Marketing strategy
Table Barriers Analysis to Entry
Table Major Distributors and contact information by Regions
Table Major Customers and contact information by Regions
Table USA Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Germany Supply, Import, Export, Consumption and Consumption Value(M USD)
Table China Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Japan Supply, Import, Export, Consumption and Consumption Value(M USD)
Table India Supply, Import, Export, Consumption and Consumption Value(M USD)
Table World Demand by Regions Forecast Analysis of Neopentyl Glycol (CAS No. 126-30-7) (2020-2025)
Table World Price by Regions Forecast Analysis of Neopentyl Glycol (CAS No. 126-30-7) (2020-2025)
Table World Price by Types Forecast Analysis of Neopentyl Glycol (CAS No. 126-30-7) (2020-2025)
Table World Price by Applications Forecast Analysis of Neopentyl Glycol (CAS No. 126-30-7) (2020-2025)
Table World Revenue (M USD) by Regions Forecast Analysis of Neopentyl Glycol (CAS No. 126-30-7) (2020-2025)
Table World Revenue (M USD) by Types Forecast Analysis of Neopentyl Glycol (CAS No. 126-30-7) (2020-2025)
Table World Revenue (M USD) by Applications Forecast Analysis of Neopentyl Glycol (CAS No. 126-30-7) (2020-2025)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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