[Online Quarterly Update] Global neopentyl glycol demand is projected to grow at a healthy CAGR of 4.19% during the forecast period. Neopentyl glycol is polyalcohol having superior performance advantages in many end use areas due to its high chemical and thermal stability. There are two main routes to NPG using isobutyraldehyde and formaldehyde. In the first one, the raw materials react with a strongly alkaline catalyst to form NPG. In the process large amounts of formate salts are formed as byproduct. In a second and more common process, the aldolisation reaction is carried out in the presence of an amine catalyst. This is further hydrogenated in the presence of a catalyst and the molten NPG is solidified by means of a flaking roll, or a crystallising or cooling belt. Neopentyl glycol (NPG) is mainly used as a building block for coating resins such as saturated polyesters which have major application in powder coatings, unsaturated polyesters which have application in artificial marble and gel coat for boats, and alkyd resins which have application in metal coatings. NPG is also used for the production of polyurethane resins which have application as adhesives. Other applications of NPG include polyester lubricants and plasticizers. Major end uses for NPG include automotive, construction, furniture, electronics, pharmaceuticals. Growing demand for coating resins from the end use industries including construction and automotive is expected to drive the demand of neopentyl glycol (NPG) during the forecast period. Capacity expansions by companies including BASF and Sinopec expansion of capacity from 40 KT to 80 KT in China is expected to further the opportunities in the market for NPG.
Owing to the impact of COVID-19, neopentyl glycol demand has declined drastically due to nationwide lockdowns and subsequent disruptions in supply chains. Construction and automotive sectors were the most severely hit sectors during the pandemic. However overall good demand growth has been observed in China from the manufacturing sector due to continuation of production activities after the lockdowns.
Region wise, Asia Pacific region holds the major share of global demand for neopentyl glycol due to growing demand for commercial and residential construction and automotive sector. Increasing demand for downstream industries such as polyurethane resins, polyester lubricants and plasticizers have led various global companies to set up manufacturing plants in the region thereby increasing the overall capacity in the region. Increasing population and per capita income in emerging economies is another factor propelling demand growth for neopentyl glycol in Asia Pacific.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
Objective of the Study:
•To assess the demand-supply scenario of neopentyl glycol which covers production, demand and supply of neopentyl glycol market globally.
•To analyse and forecast the market size of neopentyl glycol .
•To classify and forecast global neopentyl glycol market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global neopentyl glycol market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global neopentyl glycol market.
•To identify and analyse the profile of leading players involved in the manufacturing of neopentyl glycol.
Major players for neopentyl glycol globally include BASF SE, BASF JCIC, Celanese, Eastman Chemicals, Koei-Perstorp Chemical, LG Chemical, Mitsubishi Gas Chemical, Perstorp, Polioli, Shandong Dongchen, Shandong Guanghe, Shandong Linzi Yongliu, and others.
To extract data for global neopentyl glycol market, primary research surveys were conducted with neopentyl glycol manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global neopentyl glycol market over the coming years.
ChemAnalyst calculated neopentyl glycol demand globally by analyzing the historical data and demand forecast which was carried out considering imported neopentyl glycol, prices, materials used for production of neopentyl glycol . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• neopentyl glycol manufacturers and other stakeholders
•Organizations, forums and alliances related to neopentyl glycol distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as neopentyl glycol manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global neopentyl glycol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
3. Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders, Retailers)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
BASF SE, BASF JCIC, Celanese, Eastman Chemicals, Koei-Perstorp Chemical, LG Chemical, Mitsubishi Gas Chemical, Perstorp, Polioli, Shandong Dongchen, Shandong Guanghe, Shandong Linzi Yongliu, and others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
12.6.4.Brazil Neopentyl glycol Demand-Supply Scenario, 2015-2030, By Volume
12.6.4.1.Demand
12.6.4.2.Supply
12.6.4.3.Gap
12.6.5.Brazil Neopentyl glycol Demand Outlook, 2015-2030, By Volume
12.6.5.1.By Application
12.6.5.2.By End Use
12.6.5.3.By Sales Channel
12.6.5.4.By Company Share (At least top 3 companies’ market share)
12.6.5.5.By Region
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Which are the major applications of neopentyl glycol?
Ans:
Saturated polyester resins, unsaturated polyester resins, alkyd resins and polyurethane resins are the major applications of neopentyl glycol.
Q2.
Which region holds the maximum demand share in the Global neopentyl glycol market as of 2020?
Ans:
Asia Pacific holds the major demand share of neopentyl glycol due increasing demand of construction and automotive sector.
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