Global Neopentyl Glycol Market was valued at USD 3.25 billion in 2018 and is expected to reach USD 4.17 billion by 2026 at a CAGR of 3.15% during the forecast period, 2021–2026.

Neopentyl Glycol Market 2021

This Newly added report provided by Straits Research Neopentyl Glycol market Presents an Analysis of Market Situation and Challenges. Experts have studied the historical data and compared it with the Current Market Situation- 2021. The Research Report covers all the necessary information and remarkable data required by new market entrants as well as the existing players to gain a deeper insight into the market.

In the last couple of years, there has been a substantial rise in the demand of NPG and its derivatives owing to industrialization and increasing commercial zone. Growing usage of paints and coatings along with flourishing industrial sector including automotive, construction, shipbuilding, aerospace, healthcare and many others drives the growth of the market. Highly funded infrastructure projects, various product launch, and development in personal care and pharmaceuticals tend to open new doors for the neopentyl glycol market.

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The Major Manufacturers Covered in this Report:
Oxea (Germany), BASF SE (Germany), LG Chem (Korea), MGC (Japan), Eastman (U.S.), Celanese (Germany), Perstorp (Sweden), Wanhua (China), BJNC (China).

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Market Segmentation:

By Physical Form

Flakes
Molten
Slurry

By Production Method

Hydrogenation of HPA
Disproportionation

By End Users

Paints & Coatings
Construction
Chemicals
Plastics
Textiles
Pharmaceuticals
Cosmetics & Personal Care
Others

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Regional Analysis

Global neopentyl glycol market geographically is segmented into North America, Europe, Asia-Pacific, Latin America and MEA.

Europe is expected to witness a potential growth owing to the increasing use of powder coating chemicals in the region. Additionally, usage of NPG as an additive in the powder coating for stability and resistance adds to the growth of the neopentyl glycol market. Market growth for NPG in Europe is supported primarily by growing production capacities. For instance, Oxea Germany based company that offers a vast product portfolio of oxo-chemicals has recently expanded its production limit to 45000 metric tons that directly lifts up the overall market of Europe.

Growing automotive industry in Asia-Pacific is likely to fuel the demand for eco-efficient powder coatings and resins further stimulates the growth of the neopentyl glycol market. NPG is an important substance in the production of cement and concrete that provides durability and reliability. This will drive the demand for NPG in Asia-Pacific. Thus, the burgeoning construction sector in the emerging economies of such as China, India, Indonesia, and Malaysia is expected to boost the growth of market in the region.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Neopentyl Glycol Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Neopentyl Glycol Market sub-markets, depending on key regions (various vital states).
To analyze the Global Neopentyl Glycol Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Neopentyl Glycol Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Neopentyl Glycol Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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