Versatile Neopentyl Glycol – Stability Enhancement in Chemical Manufacturing Becomes Mainstream
Superior properties of neopentyl glycol, such as non-polar chemical nature, high resistance to oxidation, and improved stability towards water, heat, and light, are driving its adoption as an intermediate in manufacturing numerous chemical products. Growing use of neopentyl glycol as a base product for pesticides, pharmaceuticals, fabric softeners, and plasticizers is creating lucrative growth opportunities for stakeholders. 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 complementary to various end-use industries.
Neopentyl Glycol Market: Key Research Findings
Neopentyl glycol market size in 2018 – Approximately US$ 1.2 Bn
The neopentyl glycol market is expected to observe a moderate growth rate of 4.7% over 2018-2028.
Regulations regarding low-VOC to drive innovation of neopentyl glycol
There is increasing pressure from regulatory authorities, such as the US Environmental Protection Agency (EPA) and the European Commission, to reduce the volatile organic compound (VOC) content in all types of chemical products, including architectural and protective coatings, mainly due to health hazards.
Polyester resins manufactured by using neopentyl glycol as an intermediate provide an effective low-VOC alternative to other coating types, which is likely to play a key role in assisting the sustainability drive.
Asia Pacific is projected to hold a relatively prominent share in the global neopentyl glycol market owing to the strong growth of automotive & transportation and building & construction industries. Rising demand for paints & coatings, and plasticizers will continue to generate demand for neopentyl glycol in APAC.
In terms of growth opportunities in the neopentyl glycol landscape, India and China, will remain the most attractive markets.
By physical form, neopentyl glycol flakes hold almost 3/4th share of the total market value. The increasing neopentyl glycol consumption in chemical manufacturing processes is projected to boost the neopentyl glycol market.
Top Factors Shaping the Neopentyl Glycol Market
Wide Applicability & Unique Attributes to Push Consumption Levels
Neopentyl glycol is primarily used as an intermediate in the manufacturing of a number of chemical products, including resins for paints & coatings, plasticizers for plastic products, additives for printing inks, synthetic lubricants, hydraulic fluids, metal-working fluids, greases, and engine lubricants.
Neopentyl glycol is widely used in the manufacturing of these products, owing to the special properties it imparts to them, such as better scratch resistance and impact resistance for coatings. Thus, the wide variety of applications and the unique properties of NPG-based products are driving the demand for neopentyl glycol across the globe.
Growing Demand for Paints & Coatings, Especially Powder Coatings
Neopentyl glycol is used in the production of saturated and unsaturated polyester resins for the manufacturing of alkyd coatings, powder coatings, gel coats, etc. NPG-based powder coatings provide thermal protection and UV stability, better than the coatings manufactured from other types of glycols.
Moreover, the demand for powder coatings is increasing faster in the global market as compared to solvent-based coatings, which is also projected to help drive the demand for neopentyl glycol in the industry.
Growing Demand from End-use Industries
Key end-use industries for the products manufactured from neopentyl glycol (NPG) include automotive & transportation, building & construction, industrial plant & equipment, furniture & interiors, and others such as pharmaceuticals, textiles, consumer products, etc.
The need to provide best quality output, plus the introduction of stringent norms governing product quality, are helping drive the demand from key end-use industries for NPG-derived products, thus helping the growth of the neopentyl glycol (NPG) market.
Global Neopentyl Glycol Market: Structure Analysis
The global neopentyl glycol market is a moderately consolidated market, wherein, tier 1 companies hold more than 30-40% revenue share.
Top companies in the neopentyl glycol market include BASF SE, Perstorp AB and LG Chem, Ltd.
As a part of their business strategy, prominent players have been focusing on gaining market share in Asia Pacific and Europe, as these two regions account for prominent shares in terms of automotive & transportation and building & construction, and thus, are witnessing a rise in the demand for neopentyl glycol.
Some of the neopentyl glycol market players have also been showing keen interest in expanding their geographical presence in the North America & Western Europe regions, with increasing production facilities, transportation, and infrastructure, which is expected to create lucrative growth opportunities for market players.
As a differentiating strategy, neopentyl glycol market participants are focusing on cost reduction of neopentyl glycol products, and the development of new techniques used in the production of neopentyl glycol.
What Growing Demand for Protective Coatings Mean to Neopentyl Glycol Market?
The unique properties of neopentyl glycol, such as enhanced scratch resistance, are augmenting its traction for manufacturing protective coatings used in various industries. Growing demand for manufacturing paints and coatings especially powder coatings remains imperative to the growth of neopentyl glycol market. The industry for paints & coatings is accelerating at a fast pace, in light of burgeoning demand from the building & construction and automotive & transportation sectors, primarily. Growing need and penetration of protective coatings in the ever-evolving industrial sectors are shaping the growth of neopentyl glycol market, positively.
Asia Pacific to Hold a Relatively Prominent Market Share
India and China will remain the most lucrative markets in terms of growth opportunities in the neopentyl glycol landscape. Asia Pacific is anticipated to hold a significant market share due to the robust growth of the automotive & transportation and the building & construction industries. Burgeoning demand for paints & coatings and plasticizers will continue to drive sales of neopentyl glycol in APAC.
* This data is only a representation. Actual data may vary and will be available in report.
The Broader Perspective
Neopentyl glycol is witnessing impressive demand in the form of flake and slurry for extensive applications across proliferating building & construction industry and industrial plants & equipment. Neopentyl glycol based powder coatings provide thermal protection and UV stability better than coatings manufactured from other types of glycol. Increasing adoption of technical grade neopentyl glycol in manufacturing stable chemical compounds will continue to underpin gains in the neopentyl glycol market.
Flake to remain top selling physical form in neopentyl glycol market
Sales of slurry neopentyl glycol to witness significant growth
Technical grade neopentyl glycol will remain most lucrative for market
Demand for pharmaceutical grade neopentyl glycol to soar at impressive rate
Paints & coatings application to sustain highest growth
Impressive growth expected from Adhesives & Sealants applications of neopentyl glycol
Demand in building & construction industry to remain significant
Adoption of neopentyl glycol in industrial plant & equipment to grow steadily.
How Growth will Unfold
Burgeoning need to provide optimal quality output, coupled with the introduction of stringent regulations governing product quality is bringing significant traction to neopentyl glycol for various applications across key end-use industries. Neopentyl glycol is witnessing increased adoption for manufacturing protective coatings that are widely used in building & construction and automotive & transportation industries.
Building & Construction | Automotive & Transportation | Industrial Plant & Equipment | Furniture & Interiors | Others
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
Custom Market Research Services
FMI offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.
Neopentyl Glycol (NPG) Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028
A recent market study published by FMI “Neopentyl Glycol Market: Global Industry Analysis 2013-2017 & Forecast 2018-2028” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the Neopentyl Glycol market, the growth prospects of the market are obtained with maximum precision.
Neopentyl Glycol Market Taxonomy
The global Neopentyl Glycol market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
- Pharmaceutical Grade
- Technical Grade
- Paints & Coatings
- Adhesives & Sealants
- Insulation Materials
- Automotive & Transportation
- Building & Construction
- Industrial Plant & Equipment
- Furniture & Interiors
- North America
- Latin America
- Western Europe
- Eastern Europe
- Southeast Asia & Pacific
- Middle East & Africa
The report commences with the executive summary of the Neopentyl Glycol market, which includes a summary of the key findings and key statistics of the market. In this segment, demand side & supply side trend are also incorporate. It also includes the market value (US$ million) estimates of the leading segments of the Neopentyl Glycol market.
Readers can find the detailed taxonomy and the definition of the Neopentyl Glycol market in this Section, which will help them understand the basic information about the Neopentyl Glycol market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the Neopentyl Glycol market report.
In this segment our team has incorporated Macroeconomic Factors such as Global GDP outlook by region, and industry value added, among others. The section also include key market drivers, restraints, trends, and opportunities, which are the seeds of the global Neopentyl Glycol market. Moreover, our team have also mentioned impact analysis for the respective drivers and restraints. After that, we have included value chain, forecast factors in order to make accurate and in-depth analysis for Neopentyl Glycol Market
This section highlights the data analysis pertaining to physical form (Flakes, Molten, and Slurry). In the introduction slide, FMI highlights the forecasted the value, volume with their respective CAGR for 2018 and 2028. Based on product physical form, the Neopentyl Glycol market is segmented into three segment name as Flakes, Molten, and Slurry. In this Section, readers can find the information pertaining to market share & BPS, year-over-year growth, and attractive analysis, incremental & absolute $ value created in the Neopentyl Glycol.
By grade, global Neopentyl Glycol market is categorized into, pharmaceutical grade, technical grade. In this section, we have also analyzed market share analysis with respective BPS gain or lose, annual growth rate, and market attractiveness analysis. In the next slide of the same section our team give the market absolute $ opportunity, which is most valuable for small scale and large scale business companies.
By application, Neopentyl Glycol Market is segmented into, paints & coatings, adhesives & sealants, lubricants, plasticizers, insulation materials, and others. In this section, reader can find exclusive information for above mentioned segments.
By end-use industry, Neopentyl Glycol Market is segmented into, automotive & transportation, building & construction, industrial plant & equipment, furniture & interiors, and others. The segment addresses valuable insights for the above mentioned segment as well as reader can find the opportunity analysis, market share, absolute $ opportunity in between 2018 and 2028.
By region the global Neopentyl Glycol market is segmented into North America, Latin America, Western Europe, Eastern Europe, Southeast Asia & Pacific, China, India, Japan and Middle East & Africa. In this section readers can find the value, volume analysis from 2013 to 2028. Moreover, our team also give the treasured opportunity created by respective region throughout the forecast period.
This Section includes a detailed analysis of the growth of the North America Neopentyl Glycol market, along with a country-wise assessment that includes the U.S. and Canada. Additionally, FMI also give in-depth analysis for the each segment.
Readers can find detailed information about several factors, such as the pricing analysis which are impacting the growth of the Latin America Neopentyl Glycol market. This Section also includes the growth prospects of the Neopentyl Glycol market in the leading Latin America countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Neopentyl Glycol market based on its end users in several countries, such as Germany, United Kingdom, France, Italy, Spain, and rest of Western Europe are included in this Section.
This Section highlights the growth of the Neopentyl Glycol market in the Eastern Europe by focusing on Poland, Russia, and rest of Eastern Europe. This section also helps readers understand the key factors that are responsible for the growth of the Neopentyl Glycol market in Eastern Europe.
In this Section, ASEAN, Australia and New Zealand, and rest of South East Asia & Pacific are among the leading countries in the South East Asia & Pacific Neopentyl Glycol market, which are the prime subjects of assessment to obtain the growth prospects of the South East Asia & Pacific Neopentyl Glycol market.
In this Section, China Neopentyl Glycol market, is the prime subjects of assessment to obtain the growth prospects of the Neopentyl Glycol market. This section evaluate the present neopentyl glycol market scenario and growth prospects in China, while the forecast presented assesses the market size in terms of volume and value
In this Section, India Neopentyl Glycol market, is the prime subjects of assessment to obtain the growth prospects of the Neopentyl Glycol market. This section evaluate the present neopentyl glycol market scenario and growth prospects in India, while the forecast presented assesses the market size in terms of volume and value
In this Section, Japan Neopentyl Glycol market, is the prime subjects of assessment to obtain the growth prospects of the Neopentyl Glycol market. This section evaluate the present neopentyl glycol market scenario and growth prospects in Japan, while the forecast presented assesses the market size in terms of volume and value.
This section provides information about how the Neopentyl Glycol market will grow in the major countries in the Middle East & Africa region, such as South Africa, GCC, and the rest of Middle East & Africa region during the forecast period 2018 - 2028.
This section covers the overall market structure of the neopentyl glycol market, overall key players are classified into various tier structures, along with the market concentration, and market share analysis.
In this Section, readers can find a detailed information about the tier analysis of the key players in the Neopentyl Glycol market along with their market share in the global market. In this segment, investor can easily benchmarking the opted strategy by the leading players mentioned in the competitive dashboard.
Here, readers can find a comprehensive list of all the leading stakeholders in the Neopentyl Glycol market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are BASF SE, LG Chem Ltd, MITSUBISHI GAS CHEMICAL COMPANY, INC., Perstorp Holding AB, Eastman Chemical Company, and Wanhua Chemical Group Co., Ltd.
This Section includes a list of acronyms and assumptions that provide a base to the information and statistics included in the global Neopentyl Glycol report.
This Section helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the Neopentyl Glycol market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Yesteryear Trends
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near term and long term market growth prospects
- Market Segment Splits and Authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
- World of Chemicals
- Chemical Weekly
- Chemical Engineering World, etc.
- Industry Associations
- The European Chemical Industry Council
- The American Chemical Society
- China Chemical Society
- Indian Chemical Council
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
Neopentyl Glycol Market Reports - Table of Contents
21. Assumptions and Acronyms Used
22. Research Methodology