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    Neopentyl Glycol Market Report

    Neopentyl Glycol Market Report
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    Neopentyl Glycol Market Size, Share, Trend, Forecast, & Industry Analysis – 2021 See more...

    Impact of COVID-19 on Neopentyl Glycol Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Neopentyl Glycol Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Neopentyl Glycol market is likely to witness a CAGR of 7.2% during the forecast period. The prime factor that is contributing to the demand for Neopentyl Glycol is mainly due to increasing demand for low VOC-compound and wide arrange of applications.

    Neopentyl Glycol Market - Snapshot

    Growth

    7.2% for the next five years

    Major Type

    Flakes

    Dominant Application Type

    Automotive Parts/Insulation

    Region with the highest demand

    Asia-Pacific

    Key Players

    BASF, Eastman Chemicals, LG Chem, Mitsubishi Gas Chemical, OXEA, Perstorp AB, and Wanhua Chemical Group

    Segment Analysis

    Neopentyl-Glycol-Market-Dominant-Segments

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    Neopentyl Glycol Market Share: 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 2020, 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.

    Neopentyl Glycol Market Share: By Application Type

    Based on the application type, the neopentyl glycol 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 2020 and is expected to lead the market during the forecast period as well. Neopentyl glycol is widely used in insulation application owing to its high thermal stability.

    Neopentyl Glycol Market Share: By Region

    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.

    Neopentyl-Glycol-Market-By-Region

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    Market Scope & Segmentation

    Neopentyl glycol is an organic chemical compound that finds use in the synthesis of paints, polyesters, lubricants, and plasticizers. Neopentyl glycol market is segmented by type into flakes, molten, and slurry; and by application type into automotive parts/insulation, construction insulation, furniture/footwear, plasticizers, electronic products, fibers, automotive/construction additives, lubricants, pharmaceuticals, agrochemicals, dyes, and others.

    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.

    Neopentyl Glycol Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    12

     

    The neopentyl glycol market is segmented into the following categories. 

    Neopentyl Glycol Market Size, Share, & Forecast, by Type:

    • Flakes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Molten (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Slurry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Neopentyl Glycol Market Size, Share, & Forecast, by Application Type:

    • Automotive Parts/Insulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction Insulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Furniture/Footwear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Plasticizers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electronic Products (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fibers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive/Construction Additives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lubricants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pharmaceuticals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Agrochemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Dyes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Neopentyl Glycol Market Size, Share, & Forecast, 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)

    Key Players

    Some of the major players in the neopentyl glycol 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 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 book, press release, journals, investor presentation, 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 the 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 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 [email protected]

    Frequently Asked Questions (FAQs)

    The neopentyl glycol market is expected to witness an impressive growth of 7.2% CAGR in the foreseeable future.

    BASF, Eastman Chemicals, LG Chem, Mitsubishi Gas Chemical, OXEA, Perstorp AB, and Wanhua Chemical Group are among the key players in the neopentyl glycol market.

    Asia-pacific is expected to be the largest neopentyl glycol market during the forecast period of 2021-26.

    The automotive parts/insulation segment is expected to lead the neopentyl glycol market in the coming years.

    The flakes segment is expected to remain dominant in the neopentyl glycol market over the next five years.

    The prime factor that is contributing to the demand for Neopentyl Glycol is mainly due to increasing demand for low VOC-compound and wide arrange of applications.

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