Neopentyl Glycol (NPG) Market Pegged for Robust Expansion by 2031 | Type, Application, Scope & Key Companies

Global Neopentyl Glycol (NPG) Market report from Global Insight Services is the single authoritative source of intelligence on Neopentyl Glycol (NPG) Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Neopentyl glycol (NPG) is an organic compound with the formula CH3(CH2)4(OH)2. It is a colorless liquid that is miscible with water and is used as a solvent and as a raw material for the production of resins and polymers. NPG is a member of the class of compounds known as diols, which are compounds that contain two hydroxyl groups.

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Key Trends

Some of the key trends in neopentyl glycol (NPG) technology include the development of new and more efficient production methods, the use of NPG as a green solvent, and the increasing use of NPG in a variety of applications.

One of the most significant trends in NPG technology is the development of new production methods that are more efficient and less expensive. For example, new catalytic methods have been developed that allow for the direct conversion of propylene to NPG. This is a significant improvement over the traditional production method, which involves the indirect conversion of propylene to NPG via the intermediate compound propylene oxide.

Another trend is the use of NPG as a green solvent. NPG is an excellent solvent for a variety of materials, including plastics, resins, and dyes. It is also less toxic than many other solvents and does not contribute to ozone depletion.

Finally, the increasing use of NPG in a variety of applications is another key trend. NPG is now used in a wide range of industries, including the automotive, aerospace, and electronics industries. It is also used in a variety of consumer products, such as cosmetics and cleaning products.

Key Drivers

The key drivers of the Neopentyl Glycol (NPG) market are the increasing demand for NPG from the paints and coatings industry, and the growing demand for NPG from the plasticizers industry. The paints and coatings industry is the largest consumer of NPG, and the demand for NPG from this industry is expected to grow at a rapid pace in the next few years. This is due to the increasing demand for paints and coatings from the construction and automotive industries. The demand for NPG from the plasticizers industry is also expected to grow at a rapid pace in the next few years. This is due to the growing demand for plasticizers from the packaging, medical, and construction industries.

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Market Segments

The neopentyl glycol (NPG) market report is bifurcated on the basis of type, application, end use, and region. On the basis of type, it is segmented into pharmaceutical grade and technical grade. Based on application, it is analyzed across paints & coatings, lubricants, plasticizers, and others. By end use, it is categorized into building & construction, industrial plant, furniture, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Player

The neopentyl glycol (NPG) market report includes players such as BASF SE, Eastman, MITSUBISHI GAS , OXEA GmbH,, Wanhua Chemical Group Co., Ltd., TCI Chemicals Pvt. Ltd., LG Chem Ltd., Perstorp Holding AB, Shandong Dongchen, and Hefei TNJ.

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