The neopentyl glycol market is expected to witness market growth at a rate of 5.70% in the forecast period of 2021 to 2028. Data Bridge Market Research report on neopentyl glycol market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing use in manufacturing lubricants for automotive and aircraft engines is escalating the growth of neopentyl glycol market.

Neopentyl glycol which is also called dimethylolpropan is a hydroscopic crystalline organic chemical compound. It is colorless-to-white in color. Neopentyl glycol is industrially synthesized by the aldol reaction of formaldehyde and isobutyraldehyde, resulting in formation of intermediate hydroxypivaldehyde. This can be converted to neopentyl glycol with the help of catalytic hydrogenation of aldehyde group to an alcohol group.  

 Request a Sample Copy of this report@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-neopentyl-glycol-market

The increasing industrialization and urbanization especially in developing nations and rise in demand for fabric softeners, plasticizers, pesticides and pharmaceuticals are the major factors driving the neopentyl glycol market. The high resistance to oxidation, non-polar chemical nature, increasing demand from automotive, transportation and building and construction sectors and expansion of paints and oil coatings accelerate the neopentyl glycol market growth. The high utilization of as an intermediate in manufacturing of numerous chemical products, housing subsidies along with socio-economic development by the regional governments and increasing necessity for advanced adhesives & sealants with easy usability and low VOC content influence the neopentyl glycol market. The shifting trends in the preparation of chemicals using organic compounds, adoption of advanced industrial synthesis such as green catalytic process and adoption of advanced industrial synthesis further boosts the neopentyl glycol market. Additionally, raw material supply dynamics, stringent government regulations concerning VOC emissions and use in numerous commercial and industrial applications positively affect the neopentyl glycol market. Furthermore, product innovations and the production of organic chemicals used in agrochemicals, skincare and pharmaceutical application industries extend profitable opportunities to the neopentyl glycol market players in the forecast period of 2021 to 2028.  

On the other hand, the threat of substitution by availability of cheaper alternative such as ethylene glycol is expected to obstruct the neopentyl glycol market growth. The negative impact of COVID-19 on the manufacturing industries is projected to challenge the neopentyl glycol market in the forecast period of 2021 to 2028.  

Competitive Landscape and Neopentyl Glycol Market Share Analysis

The neopentyl glycol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to neopentyl glycol market.

The major players covered in neopentyl glycol market report are BASF SE, Eastman Chemical Company, LG Chem, MITSUBISHI GAS CHEMICAL COMPANY, INC., OQ Chemicals GmbH, Perstorp, Wanhua, Celanese Corporation, Polioli S.p.A., Oleon NV., shenjiang, NYU Tandon, AKEE GROUP, Guanhua Chemical, KNAGTEWEIYE, Xinhua Pharm, Jinan IFT Science & Technology, Zouping Fenlian Biotech Co.,Ltd, Eastar Holding Group Company Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

 


Check the report in detail: https://www.databridgemarketresearch.com/reports/global-neopentyl-glycol-market

This neopentyl glycol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on neopentyl glycol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Neopentyl Glycol Market Scope and Market Size

The neopentyl glycol market is segmented on the basis of type, application and end-use industries. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

  • On the basis of type, the neopentyl glycol market is segmented into flake, molten and slurry.
  • On the basis of application, the neopentyl glycol market is segmented into coatings, adhesives and sealants and insulation.
  • On the basis of end-use industries, the neopentyl glycol market is segmented into paints, automotive, construction, chemicals, plastics and textiles.

Global Neopentyl Glycol Market Country Level Analysis

The neopentyl glycol market is analyzed and market size, volume information is provided by country, type, application and end-use industries as referenced above.    

The countries covered in the globally neopentyl glycol market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the neopentyl glycol market because of the manufacturer’s inclination towards producing environment-friendly powder coatings with low emission of VOC’s, increased production and the high-quality NPG demand in China and rest of the region. Middle East and Africa is expected to witness significant growth in investments in the construction sector, rapid growth in automotive production and domestic appliances sector and increasing number of expatriates in the region.

About Data Bridge Market Research:

Data Bridge Market Research is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability levels and advanced approaches. We are committed to uncovering the best consumer prospects and fostering useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expanded its reach by opening a new office in the Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”

We provide a variety of services such as market verified industry reports, technology trend analysis, Formative market research, strategic consulting, vendor analysis, production and demand analysis, and consumer impact studies among many others.

Contact Us
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email – [email protected]