Global Neopentyl Glycol (NPG) Market to Incur Steady Growth During 2018-2028
Consumer durable products are turning over as a prerequisite part of advanced & modern life. Majority of these products are derived from the various chemicals, among these chemical one of the most important and most consumed chemicals are polyols. Polyols with multi hydroxyl functional group such as diols, triols and tetrols are used in the production and synthesis of numerous synthetic polymeric products such as polyesters, polyurethanes, polyether polyols and more. Neopentyl glycol (NPG) is falls under the category of polyols
NPG is increasingly gaining traction and turning over as one of the chemical intermediate for the synthesis of numerous synthetic resins, polyester, alkyd resins, paints, plasticizers, polycarbonate resins, synthetic lubricants, and adhesives. It is further adopted and utilized by numerous automotive OEM’s, plastic manufacturers and other synthetic resin manufacturers. NPG enhances the stability of polyester resin and further increased its resistance against light, chemicals and heat which further enables longer & enhanced product life.
Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-6546
NPG and its derived product has found application in very large scale in the field of magnetic coatings, water based coatings , powder coatings, metal working fluids, aircraft engine lubricants, gel coats, coil coatings and multilayer coatings. It is also used for as a base product for the synthesis of adhesives, plasticizers, lubricants, mortar & cement system, plasticizers, pharmaceuticals, pesticides, fabric softeners and many more.
In the last few year there is substantial increase in the demand for NPG and its derivatives and the same roadmap is forecasted to be followed in the next 8-10 years. The main reason implicit behind this trend is the increase in the usage of paints and coatings in numerous number of industries such as automotive, aerospace to name a few. Much of the growth is associated with the healthy macroeconomic conditions & complex and heavily funded infrastructure projects in emerging countries and economies. Also major players in the region kept on enhancing the production capabilities in order to maintain the effective supply to the consumers. Also the companies are in a quest of adding new technologies with efficient reaction mechanism in order to enhance production capacities. Well lined up arrangements has aided companies to drop down their overall operational cost by 25-30%.
However the cheaper alternative such as ethylene glycol for various application may dents its growth in the near future. On the other hand new product development for niche application such as pharmaceutical is one of the prospective growth opportunity.
Product definition and Segmentation
Neopentyl glycol is one of the most consumed polyol with a unique chemical structure. With two hydroxyl and two methyl groups the chemical shows high thermal and chemical stability along with high weather ability and crystallinity. It is also used as a base product for the synthesis of synthetic lubricating esters which has reduced vulnerability towards oxidation when compared to natural esters. The NPG is synthesized from isobutyraldehyde and formaldehyde. On the commercial scale there are two methods available for the synthesis of NPG which are Aldol Condensation and Cannizzaro process technology out of which aldol condensation is gaining traction.
Global Neopentyl Glycol: Market Segmentation
On the basis of physical form, the global Neopentyl Glycol market has been segmented as:
On the basis of Production method, the global Neopentyl Glycol market has been segmented as:
Hydrogenation of HPA
Disproportionation (Cannizzaro process)
On the basis of application, the global Neopentyl Glycol market has been segmented as:
Plasticizers & Adhesives
Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/toc/rep-gb-6546
Global Neopentyl Glycol Market: Key Players
Examples of some of the key players operating in the global Neopentyl Glycol market are BASF AG, Eastman Chemicals, LG Chem , Mitsubishi Gas Chemical , OXEA , Polioli , Celanese, Perstorp AB ,Shandong Linzi Yongliu, Shandong Guanghe , Shandong Dongchen , Zouping Fenlian and Shandong Kangte Weiye among others.
In December 2017, BASF-YPC Co. Ltd a joint venture between two chemical giants Sinopec & BASF started to double the production Neopentyl Glycol through their NPG (Neopentyl Glycol) facility in Nanjing China. The facility was previously designed to give an annual output of 40,000 tons but after expansion the annual capacity will reach a mark of 80,000 tons/year. The expansion is expected to be completed by 2020. The increase in capacity enables to fulfill the growing demand of NPG especially in Asia Pacific region.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Neopentyl Glycol (NPG) Market to Incur Steady Growth During 2018-2028 here
News-ID: 1077579 • Views: 221
More Releases from Future Market Insights
Compounding Systems Market Size (Value & Volume), Future Trends, Opportunities a …
According to the latest research by Future Market Insights, the Compounding Systems Market will undergo a steady growth during 2021-2031. Automated compound system is a container that is used in transferring medicines. A gradual increase due to constant research studies being conducted and new verticals of disease treatment being opening can be seen over the mentioned forecast period. The growth is attributed because of the increase in the various techniques in
Nontuberculous Mycobacterium Treatment Market Trends, Strong Application Scope, …
According to the latest research by Future Market Insights, the nontuberculous mycobacterium treatment market will witness growth during 2021-2031. These are the non-motile, acid fast bacilli which are mostly seen soil and water. According to CDC, NTM has the ability to affect certain group of people which have underlying lung diseases or are immunocompromised. The market is expected to grow due to the rising ageing population, chronic disorders and rising R&D.
Dehydrated Culture Media Market is expected to grow at a CAGR of 7.7% during the …
According to the latest research by Future Market Insights, Dehydrated Culture Media market is expected to grow at a CAGR of 7.7% during the forecast period. During the forecast period, the demand for Dehydrated Culture Media will progressively rise, which will provide manufacturers with numerous favorable development opportunities in the near future. What are the key Drivers of Dehydrated Culture Media Demand Outlook? Due to recent technological advances, the demand for regenerative
Sperm Density Testing Market 2021: Global Industry Analysis, Size, Share, Growth …
According to the latest research by Future Market Insights, the Sperm density testing market is set to witness a growth of around 6% during 2021-2031. Sperm density testing which measures and analyses the sperm count as well as the sperm health is seeing a growth in recent years. As individuals are getting more concerned towards their health owing to increased obesity, changing lifestyles and increasing work- life imbalance taking a
More Releases for Neopentyl
High Purity Neopentyl Glycol Market Size, Share, Development by 2024
Global Info Research offers a latest published report on High Purity Neopentyl Glycol Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-high-purity-neopentyl-glycol-market_p110554.html Neopentyl glycol (NPG, IUPAC name 2,2-dimethyl-1,3-propanediol)
Neopentyl Glycol Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Neopentyl Glycol Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-neopentyl-glycol-npg-market_p108680.html Scope of the Report: The worldwide market for Neopentyl
Global Neopentyl Glycol Diisostearate Market Expected to Witness a Sustainable G …
New report published by Global Info Research which offers insights on the global Neopentyl Glycol Diisostearate market. Neopentyl Glycol Diisostearate is a diester of neopentyl glycol and isostearic acid. Neopentyl glycol is an organic chemical compound. It is used in the synthesis of polyesters, paints, lubricants, and plasticizers. When used in the manufacture of polyesters, it enhances the stability of the product towards heat, light, and water. Click to
Neopentyl Glycol Market Size, Trends - Industry Growth Report 2018 – 2023
The Global Neopentyl Glycol Market is segmented by Type, Application, End-Use Industries and Region. Get a Sample Report for Brief Overview @ https://www.marketresearchfuture.com/sample_request/6119 Neopentyl Glycol is available in various types including flakes, molten, and slurry. The type to be used is determined on the basis of the conditions specified for manufacturing and application. The molten type Neopentyl Glycol is used in saturated polyesters, unsaturated polyesters, and esters for powder coatings, gel coats,
Global Neopentyl Glycol Market 2017 LG Chemical, Wanhua, Eastman, Perstorp
Global Neopentyl Glycol Report 2017 Major Manufacture Analysis Of Neopentyl Glycol Market 2017. The report presents a Depth Research of the market growth factors and drivers. A Deep research of the Neopentyl Glycol Market limitations and the opportunities enable the user to make the future projection. The report also includes Company Profile, based on the manufacturing methods, technological advancements, and innovations. GET SAMPLE REPORT @ https://www.reportsmonitor.com/request-sample/?post=398508 The report has been prepared based
Neopentyl Polyhydric Alcohol Market Share 2017-2022: Kuraray, BASF SE, Lubrizol, …
Neopentyl Polyhydric Alcohol Market Research 2017 A market study ” Global Neopentyl Polyhydric Alcohol Market ” examines the performance of the Neopentyl Polyhydric Alcohol market 2017. It encloses an in-depth Research of the Neopentyl Polyhydric Alcohol market state and the competitive landscape globally. This report analyzes the potential of Neopentyl Polyhydric Alcohol market in the present and the future prospects from various angles in detail. The Global Neopentyl Polyhydric Alcohol Market 2017