Neopentyl Glycol Market is Segmented by Type (Flakes, Molten, and Slurry), by Application Type (Automotive Parts/Insulation, Construction Insulation, Furniture/Footwear, Plasticizers, Electronic Products, Fibers, Automotive/Construction Additives, Lubricants, Pharmaceuticals, Agrochemicals, Dyes, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Neopentyl Glycol Market is Segmented by Type (Flakes, Molten, and Slurry), by Application Type (Automotive Parts/Insulation, Construction Insulation, Furniture/Footwear, Plasticizers, Electronic Products, Fibers, Automotive/Construction Additives, Lubricants, Pharmaceuticals, Agrochemicals, Dyes, and Others), and by Region ...
The neopentyl glycol market size is estimated at USD 1.5 billion in 2022 and is likely to grow at a CAGR of 4.01%during the forecast period to reach USD 1.96 billion in 2028.
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The prime factor that is contributing to the demand for Neopentyl Glycol is mainly the increasing demand for low-VOC compounds and a wide arrange of applications.
What is neopentyl glycol?
Neopentyl glycol is an organic chemical compound that finds use in the synthesis of paints, polyesters, lubricants, and plasticizers.
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Segment Analysis
By Type
Based on the type, the market is segmented as flakes, molten, and slurry. The flakes segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. Ease in handling during storage, enhanced usability, and low maintenance in terms of transportation and application has boosted the demand for neopentyl glycol across the resin & coating industry.
By Application Type
Based on the application type, the market is segmented as automotive parts/insulation, construction insulation, furniture/footwear, plasticizers, electronic products, fibers, automotive/construction additives, lubricants, pharmaceuticals, agrochemicals, dyes, and others. The automotive parts/insulation segment dominated the market in 2021 and is expected to lead the market during the forecast period as well. Neopentyl glycol is widely used in insulation applications owing to its high thermal stability.
Regional Insights
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for neopentyl glycol during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. Inclination towards producing environment-friendly powder coatings with low VOC emission is likely to propel the market growth across the regions. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories.
By Type
Flakes
Molten
Slurry
By Application Type
Automotive Parts/Insulation
Construction Insulation
Furniture/Footwear
Plasticizers
Electronic Products
Fibers
Automotive/Construction Additives
Lubricants
Pharmaceuticals
Agrochemicals
Dyes
Others
By Region
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
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Key Players
Some of the major players in the market are-
BASF
Eastman Chemicals
LG Chem
Mitsubishi Gas Chemical
OXEA
Perstorp AB
Wanhua Chemical Group
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
Report Features
Market Segmentation
3
Regions Covered
4
Countries/Sub-Regions Covered
15
No. of Figures & Tables
>150
Company Profiles
12
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to 3 players)
SWOT analysis of key players (up to 3 players)
Market Segmentation
Current market segmentation of any one of the application types by type.
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
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The prime factor that is contributing to the demand for neopentyl glycol is mainly due to increasing demand for low VOC-compound and a wide arrange of applications.