Market Overview:
The global high purity 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 high purity neopentyl glycol from various end-use industries, such as automotive and transportation, building and construction, industrial plant and equipment, furniture and interiors, and others. In terms of volume, North America is expected to lead the global high purity neopentyl glycol market during the forecast period.
Product Definition:
High Purity Neopentyl Glycol is a clear, colorless and odorless liquid with a boiling point of 204 degrees Celsius. It is used as an ingredient in the production of polyester resins, plasticizers and solvents.
Flakes:
Flakes, also known as flakes or pellet fuel, is a highly refined form of pentane. It has been derived from crude oil by means of fractionation and is therefore a type of petroleum liquid. Pentane has the ability to dissolve most materials and can be used as an effective solvent for cleaning purposes in various industries such as automotive, pharmaceuticals and electronics among others.
Molten:
Molten is a high purity, liquid form of polyether ketone. It is a transparent liquid that has an odor similar to petroleum or butane. Molten can be used as an alternative to petrochemical-based products and other non-toxic solvents in the pharmaceutical industry.
It also finds application in personal care, cosmetics, food processing & packaging industries for its non-toxic and biodegradable properties.
Application Insights:
Building and construction was the leading application segment in 2016, accounting for over 35% of the global market. Neopentyl glycol is widely used as a coolant in HVAC (heating, ventilation, and cooling) systems owing to its superior thermal properties. It is also used as an anti-freeze agent in refrigeration systems owing to its low freezing point depression property. The product plays a vital role in automotive cooling system functioning by providing heat transfer from the engine compartment to the intercooler/charge air cooler where it dissipates through fins or pipes into ambient air.
Neopentyl glycols are extensively utilized for manufacturing polyester fibers that are further processed into fabrics such as geotextiles and roofing membranes that are employed across various end-use industries including building.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to witness a significant CAGR of XX% over the forecast period. The growth can be attributed to increasing automotive production in China, India, Japan, and South Korea. In addition, rising investments in construction projects by foreign players such as Infosys Ltd., Wipro Ltd., and others are likely to boost industry expansion over the coming years.
The product demand is also anticipated to increase owing to its use as an anti-microbial agent for wood preservation coupled with furniture manufacturing companies including IKEA Group; DFS Group; Kirtland Furniture Co.; Crate & Barrel Inc.; Pottery Barn LLC; West Elm Inc.; among others are projecteded grow at a rapid pace over the next eight years due high purity neopentyl glycol market growth rate of 5.9%.
Growth Factors:
- Increasing demand for high purity neopentyl glycol in various end-use industries such as automotive, pharmaceuticals, and cosmetics is expected to drive the market growth.
- Growing demand for polyester resins and engineering plastics owing to their properties such as heat resistance, durability, and chemical resistance is anticipated to boost the market growth.
- Rising investments in research & development activities by key players for product innovation is likely to propel the market growth over the forecast period.
- Growing popularity of green solvents owing to their environmental friendly nature is projected to fuel the market expansion during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Neopentyl Glycol Market Research Report
By Type
Flakes, Molten, Slurry
By Application
Automotive and Transportation, Building and Construction, Industrial Plant and Equipment, Furniture and Interiors, Others
By Companies
LG Chem, BASF, OXEA, Eastman Chemical, Tokyo Chemical Industry, Wanhua Chemical Group, Hefei TNJ Chemical Industry
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Neopentyl Glycol Market Report Segments:
The global High Purity Neopentyl Glycol market is segmented on the basis of:
Types
Flakes, Molten, Slurry
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
Automotive and Transportation, Building and Construction, Industrial Plant and Equipment, Furniture and Interiors, 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:
- LG Chem
- BASF
- OXEA
- Eastman Chemical
- Tokyo Chemical Industry
- Wanhua Chemical Group
- Hefei TNJ Chemical Industry
Highlights of The High Purity 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:
- Flakes
- Molten
- Slurry
- By Application:
- Automotive and Transportation
- Building and Construction
- Industrial Plant and Equipment
- Furniture and Interiors
- 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 High Purity 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
High purity neopentyl glycol is a type of propylene glycol that has been purified to the highest degree. It is typically used in cosmetics and other products that need a high level of purity, as it does not contain any impurities.
Some of the major players in the high purity neopentyl glycol market are LG Chem, BASF, OXEA, Eastman Chemical, Tokyo Chemical Industry, Wanhua Chemical Group, Hefei TNJ Chemical Industry.
The high purity neopentyl glycol market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Purity Neopentyl Glycol Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Purity Neopentyl Glycol Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Purity Neopentyl Glycol Market - Supply Chain
4.5. Global High Purity Neopentyl Glycol Market Forecast
4.5.1. High Purity Neopentyl Glycol Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Purity Neopentyl Glycol Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Purity Neopentyl Glycol Market Absolute $ Opportunity
5. Global High Purity Neopentyl Glycol Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Purity Neopentyl Glycol Market Size and Volume Forecast by Type
5.3.1. Flakes
5.3.2. Molten
5.3.3. Slurry
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Purity Neopentyl Glycol Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Purity Neopentyl Glycol Market Size and Volume Forecast by Application
6.3.1. Automotive and Transportation
6.3.2. Building and Construction
6.3.3. Industrial Plant and Equipment
6.3.4. Furniture and Interiors
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Purity Neopentyl Glycol Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Purity Neopentyl Glycol Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Purity Neopentyl Glycol Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Purity Neopentyl Glycol Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Purity Neopentyl Glycol Demand Share Forecast, 2019-2026
9. North America High Purity Neopentyl Glycol Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Purity Neopentyl Glycol Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Purity Neopentyl Glycol Market Size and Volume Forecast by Application
9.4.1. Automotive and Transportation
9.4.2. Building and Construction
9.4.3. Industrial Plant and Equipment
9.4.4. Furniture and Interiors
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Purity Neopentyl Glycol Market Size and Volume Forecast by Type
9.7.1. Flakes
9.7.2. Molten
9.7.3. Slurry
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Purity Neopentyl Glycol Demand Share Forecast, 2019-2026
10. Latin America High Purity Neopentyl Glycol Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Purity Neopentyl Glycol Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Purity Neopentyl Glycol Market Size and Volume Forecast by Application
10.4.1. Automotive and Transportation
10.4.2. Building and Construction
10.4.3. Industrial Plant and Equipment
10.4.4. Furniture and Interiors
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Purity Neopentyl Glycol Market Size and Volume Forecast by Type
10.7.1. Flakes
10.7.2. Molten
10.7.3. Slurry
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Purity Neopentyl Glycol Demand Share Forecast, 2019-2026
11. Europe High Purity Neopentyl Glycol Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Purity Neopentyl Glycol Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Purity Neopentyl Glycol Market Size and Volume Forecast by Application
11.4.1. Automotive and Transportation
11.4.2. Building and Construction
11.4.3. Industrial Plant and Equipment
11.4.4. Furniture and Interiors
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Purity Neopentyl Glycol Market Size and Volume Forecast by Type
11.7.1. Flakes
11.7.2. Molten
11.7.3. Slurry
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Purity Neopentyl Glycol Demand Share, 2019-2026
12. Asia Pacific High Purity Neopentyl Glycol Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Purity Neopentyl Glycol Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Purity Neopentyl Glycol Market Size and Volume Forecast by Application
12.4.1. Automotive and Transportation
12.4.2. Building and Construction
12.4.3. Industrial Plant and Equipment
12.4.4. Furniture and Interiors
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Purity Neopentyl Glycol Market Size and Volume Forecast by Type
12.7.1. Flakes
12.7.2. Molten
12.7.3. Slurry
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Purity Neopentyl Glycol Demand Share, 2019-2026
13. Middle East & Africa High Purity Neopentyl Glycol Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Purity Neopentyl Glycol Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Purity Neopentyl Glycol Market Size and Volume Forecast by Application
13.4.1. Automotive and Transportation
13.4.2. Building and Construction
13.4.3. Industrial Plant and Equipment
13.4.4. Furniture and Interiors
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Purity Neopentyl Glycol Market Size and Volume Forecast by Type
13.7.1. Flakes
13.7.2. Molten
13.7.3. Slurry
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Purity Neopentyl Glycol Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Purity Neopentyl Glycol Market: Market Share Analysis
14.2. High Purity Neopentyl Glycol Distributors and Customers
14.3. High Purity Neopentyl Glycol Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LG Chem
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. OXEA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eastman Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tokyo Chemical Industry
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wanhua Chemical Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hefei TNJ Chemical Industry
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
