Market Overview:
The global neopentyl glycol market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for neopentyl glycol from various end-use industries, such as coatings field, automotive field, construction field, chemical field, electronic field and others. Neopentyl glycol is used as a raw material in various applications owing to its properties such as low toxicity, good solubility and high boiling point. It is also used as an intermediate for the production of other chemicals and polymers.
Product Definition:
A colorless, viscous liquid with a slightly sweet odor. It is used as a solvent and in the manufacture of plastics, resins, coatings, and other chemicals.
Disproportionation Method:
Disproportionation method is a process to separate and remove toxic substances from contaminated liquids. It is used in industries such as petrochemical, pharmaceuticals, food & beverage processing and chemical manufacturing. Disproportionation methods are widely used for the removal of heavy metals from wastewater.
The method has gained popularity owing to its ability to provide high-quality liquid products with minimum waste byproducts along with reduced energy consumption and maximum recovery of catalysts or active ingredients.
Hydrogenation Method:
The hydrogenation method is used to introduce a hydroxyl group in a molecule.
In this process, hydrogen gas is added to a liquid solution of neopentyl glycol in water. The mixture gets converted into an oily liquid that consists of neopentyl alcohol and water.
Application Insights:
The global demand for neopentyl glycol has witnessed a paradigm shift owing to the development of coatings and automotive sectors. In terms of volume, the automotive sector emerged as the largest application segment with a share of 33.3% in 2017. The product is used as an additive in paints & coatings for vehicles and buildings to enhance hardness, glossiness, dry-film thickness and durability among others. It is also used extensively in automotive cleaners which help remove oxidation from vehicle surfaces along with other compounds such as waxes, greases etc., thereby making them glossy again without having to use abrasives or high pressure water jets that may damage paintwork over time.
Regional Analysis:
Asia Pacific was the leading region and accounted for over 43% of global market share in terms of revenue in 2017. The regional demand is majorly driven by China, which is a key consumer as well as producer. Neopentyl glycol production capacity has increased significantly in recent years owing to the technological developments such as low-cost plant establishment and high-performance neopentyl glycol (HPNG) production from petrochemical feedstock. This has resulted into an increase neopentyl glycol consumption across end-use industries such as coatings, automotive, construction & infrastructure etc., thereby driving the growth of this industry across Asia Pacific region over the forecast period.
Europe emerged as a significant consumer with Germany being its largest contributor followed by U.K.
Growth Factors:
- Increasing demand for polyurethanes in end-use industries such as construction, automotive and furniture is expected to drive the neopentyl glycol market growth over the forecast period.
- Growing demand for high performance plastics in medical devices, electrical & electronics and consumer goods is also anticipated to fuel the market growth.
- Neopentyl glycol offers excellent thermal stability and low flammability which makes it suitable for use in various applications including coatings, adhesives, sealants and elastomers. This is likely to boost its demand over the forecast period.
- Stringent environmental regulations pertaining to VOC emissions are encouraging manufacturers to shift towards neopentyl glycol based products which are less harmful as compared with traditional solvents such as chlorinated hydrocarbons and aromatic hydrocarbons .
Scope Of The Report
Report Attributes
Report Details
Report Title
Neopentyl Glycol Market Research Report
By Type
Disproportionation Method, Hydrogenation Method
By Application
Coatings Field, Automotive Field, Construction Field, Chemical Field, Electronic Field, Others
By Companies
BASF, Celanese, Eastman Chemical, Koei-Perstorp Chemical, LG Chemical, Mitsubishi Gas Chemical, Perstorp, Polioli, Shandong Dongchen, Shandong Guanghe, BASF, Shandong Aifute, Shandong Kangte Weiye
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Neopentyl Glycol Market Report Segments:
The global Neopentyl Glycol market is segmented on the basis of:
Types
Disproportionation Method, Hydrogenation Method
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Coatings Field, Automotive Field, Construction Field, Chemical Field, Electronic Field, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Celanese
- Eastman Chemical
- Koei-Perstorp Chemical
- LG Chemical
- Mitsubishi Gas Chemical
- Perstorp
- Polioli
- Shandong Dongchen
- Shandong Guanghe
- BASF
- Shandong Aifute
- Shandong Kangte Weiye
Highlights of The Neopentyl Glycol Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Disproportionation Method
- Hydrogenation Method
- By Application:
- Coatings Field
- Automotive Field
- Construction Field
- Chemical Field
- Electronic Field
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Neopentyl Glycol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Neopentyl glycol is a type of alcohol that is often used as a solvent in cosmetics and other products. It can also be found in some smoke detectors.
Some of the major companies in the neopentyl glycol market are BASF, Celanese, Eastman Chemical, Koei-Perstorp Chemical, LG Chemical, Mitsubishi Gas Chemical, Perstorp, Polioli, Shandong Dongchen, Shandong Guanghe, BASF, Shandong Aifute, Shandong Kangte Weiye.
The neopentyl glycol market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Neopentyl Glycol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Neopentyl Glycol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Neopentyl Glycol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Neopentyl Glycol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Neopentyl Glycol Market Size & Forecast, 2020-2028
4.5.1 Neopentyl Glycol Market Size and Y-o-Y Growth
4.5.2 Neopentyl Glycol Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Disproportionation Method
5.2.2 Hydrogenation Method
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Coatings Field
6.2.2 Automotive Field
6.2.3 Construction Field
6.2.4 Chemical Field
6.2.5 Electronic Field
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Neopentyl Glycol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Neopentyl Glycol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Disproportionation Method
9.6.2 Hydrogenation Method
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Coatings Field
9.10.2 Automotive Field
9.10.3 Construction Field
9.10.4 Chemical Field
9.10.5 Electronic Field
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Disproportionation Method
10.6.2 Hydrogenation Method
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Coatings Field
10.10.2 Automotive Field
10.10.3 Construction Field
10.10.4 Chemical Field
10.10.5 Electronic Field
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Disproportionation Method
11.6.2 Hydrogenation Method
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Coatings Field
11.10.2 Automotive Field
11.10.3 Construction Field
11.10.4 Chemical Field
11.10.5 Electronic Field
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Disproportionation Method
12.6.2 Hydrogenation Method
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Coatings Field
12.10.2 Automotive Field
12.10.3 Construction Field
12.10.4 Chemical Field
12.10.5 Electronic Field
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Disproportionation Method
13.6.2 Hydrogenation Method
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Coatings Field
13.10.2 Automotive Field
13.10.3 Construction Field
13.10.4 Chemical Field
13.10.5 Electronic Field
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Neopentyl Glycol Market: Competitive Dashboard
14.2 Global Neopentyl Glycol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Celanese
14.3.3 Eastman Chemical
14.3.4 Koei-Perstorp Chemical
14.3.5 LG Chemical
14.3.6 Mitsubishi Gas Chemical
14.3.7 Perstorp
14.3.8 Polioli
14.3.9 Shandong Dongchen
14.3.10 Shandong Guanghe
14.3.11 BASF
14.3.12 Shandong Aifute
14.3.13 Shandong Kangte Weiye
