Global Neopentyl Glycol Market Poised to Expand at 4.7 % CAGR During 2018 - 2028 - PowerPoint PPT Presentation

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Global Neopentyl Glycol Market Poised to Expand at 4.7 % CAGR During 2018 - 2028


The market for neopentyl glycol is expected to accelerate at a bullish pace due to its growing adoption in manufacturing paints and coatings, which are – PowerPoint PPT presentation

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Title: Global Neopentyl Glycol Market Poised to Expand at 4.7 % CAGR During 2018 - 2028

Neopentyl Glycol Market to Incur High Value
Growth at 4.7 CAGR During 2018 - 2028
  • March 2020

Report Id REP-GB-6546 Published On 8 April,
2019 Category Chemicals and Materials
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Neopentyl Glycol Market
    neopentyl glycol (NPG) consumption was registered
    over 680 thousand tons in 2018, which is likely
    to witness a moderate 4.2 Y-o-Y increase in
    2019. As per the findings of a new research study
    of Future Market Insights (FMI), neopentyl
    glycol of technical grade currently accounts for
    over 95 share in the NPG market and will remain
    dominant over its pharma-grade counterpart
    through the course of coming years.
  • Application in Paints Coatings Accounts for
    over 60 of NPG Demand
  • More than 3/5th of the total consumption of
    neopentyl glycol is registered by applications in
    paints and coatings industry, as indicated by the
    report. In recent years, the use of protective
    coatings in surface finishing and protection
    applications has been increasing at a
    considerable pace, which is in turn favoring the
    demand for neopentyl glycol for incorporation
    into coating materials.
  • Lubricants and insulation materials are likely to
    remain the next key application areas for
    manufacturers of neopentyl glycol and NPG based
    products. The report also foresees relatively
    promising opportunities lying in the adhesives
    and sealants category, over the years to come.

Neopentyl Glycol Market
  • Building Construction Industry to Accommodate
    Higher Opportunities
  • While the collective share of NPG consumption by
    automotive and transportation, and building and
    construction industries is currently over 75 of
    the global consumption of neopentyl glycol, FMIs
    analysis opines that the latter will accommodate
    relatively higher opportunistic potential for
    neopentyl glycol manufacturers. Moreover,
    industrial plant and equipment domain is strongly
    likely to reflect relatively profitable
    opportunities for the growth of NPG manufacturing
    companies in the near future.
  • With an approximate share of 3/4th of the total
    consumption of neopentyl glycol, NPG flakes are
    highly likely to remain the most preferred form
    in the global market. Neopentyl glycol slurry,
    though also is a choice of form among several end
    use industry operators, will continue to reflect
    a gradual growth outlook in the NPG market. High
    convenience quotient, easy usability, and low
    maintenance in terms of transportation and
    application will remain the key growth
    influencers for neopentyl glycol flakes in the
  • Potential as a Sustainability Vehicle to Propel
    Consumption of Neopentyl Glycol
  • The overall growth outlook of neopentyl glycol
    market will remain promising, majorly owing to a
    rapid legislative shift toward low/non-VOC
    chemical compounds, across industries worldwide.
    Neopentyl glycol is being increasingly explored
    as a phase change material for potential
    application in LTHS (latent heat storage)
    devices, which is cited as a significant
    opportunity for manufacturers.

Neopentyl Glycol Market
  • In addition, to mitigate the challenges
    associated with extensive usage of PET
    (polyethylene terephthalate), the role of
    neopentyl glycol in the chemical recycling of PET
    is being tested. According to the report,
    emergence of such innovative applications will
    uplift the growth prospects of neopentyl glycol
    market in coming years.
  • China, with over a third of the total NPG
    consumption, is forecast to retain the worlds
    leading neopentyl glycol supplier further
    trailed by the US and Germany. China has also
    been the most prominent consumer of neopentyl
    glycol over the years and is likely to discover
    the highest incremental opportunity in long run,
    which has been attributed to thriving markets of
    unsaturated polyesters, coatings and lubricants,
    and plasticizers within China. On the other side,
    Western Europe and North America hold a combined
    share of around 1/3rd of the total neopentyl
    glycol consumption in the global market.
  • Key Manufacturers Eye Production Capacity
  • The global neopentyl glycol market is a fairly
    consolidated competition landscape, which is
    currently witnessing a major trend of
    manufacturing capacity expansion. Apart from
    BASF-YPCs highly anticipated 2X NPG production
    expansion project that will go on-stream by 2020,
    Oxea GmbH also recently announced the NPG
    expansion project planned for European base.
    Several key players in the market are prominently
    concentrating on competitive pricing through
    distribution/supply agreements with regionally
    leading end use industries.

Neopentyl Glycol Market
  • The report has covered detailed strategic
    profiles of some of the leading companies in
    global neopentyl glycol market, including BASF
    SE, Eastman Chemical Company, MITSUBISHI GAS
    Chemical Group Co., Ltd., TCI Chemicals (India)
    Pvt. Ltd., LG Chem Ltd., Perstorp Holding AB,
    Shandong Dongchen Ind. Group. Corp., Zouping
    Fenlian Biotech Co., Ltd., and Hefei TNJ Chemical
    Industry Co., Ltd.
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    intelligence, statistical anecdotes, technology
    inputs, valuable growth insights and an aerial
    view of the competitive framework and future
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