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Report Overview
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
Global Neopentyl Glycol Market Outlook
The global neopentyl glycol market reached a volume of about 782.84 KMT in 2024. The market for neopentyl glycol is being driven by increasing demand from multiple industries, such as paint and coatings. The market is further expected to grow at a CAGR of 3.7% in the forecast period of 2025-2034 to reach a volume of approximately 1085.65 KMT by 2034.
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Rising Demand from Multiple Application Segments Boosting the Industry Growth
Neopentyl glycol is known for its many properties and applications in various industries, which is directly boosting its growth significantly. Qualities of neopentyl glycol such as scratch resistance, high resistance to oxidation, and non-polar chemical nature, among others, accredit to the rising growth rate of the industry as these make neopentyl glycol employable in various industries. Due to such qualities, the demand for neopentyl glycol is growing for many applications such as resins, paint and coatings, plasiticisers, lubricants, etc., which is thereby bolstering the market growth for the product. The market is also driven by rising demand from pharmaceuticals, textiles, construction, etc., and is expected to witness new market opportunities in the forecast period to expand the market further.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Neopentyl Glycol: Market Segmentation
Neopentyl glycol is an organic compound mainly obtained from isobutyraldehyde and formaldehyde. It is a white crystalline solid with a mint-like odour. Neopentyl glycol is used in wide ranges of applications, such as base resins for coatings, lubricant oils and greases, hydraulic fluids, textiles, pharmaceuticals, and pesticides, among others. It is also used in the manufacture of many polyesters due to its ability to enhance the heat, water, and light stability.
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Based on type, the market is divided into:
- Flakes
- Molten
- Slurry
- Others
On the basis of technology, the market is segmented into:
- Disproportionation Method
- Hydrogenation Method
By application, the market is segregated into:
- Paint and Coatings
- Insulation Material
- Adhesives and Sealants
- Lubricants
- Fibres
- Plasiticisers
- Pharmaceuticals
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Paint and Coatings Industry Aiding the Market Growth of Neopentyl Glycol
The paint and coatings industry additionally has rising demand from automobiles and transportation as well as building and construction industries, indirectly boosting the market growth of neopentyl glycol. Resistance to scratches and low VOC content of neopentyl glycol is expected to boost the use of the product in the paint and coatings industry during the forecast period. Moreover, the growing demand for adhesives and sealants is also supporting the growth of the neopentyl glycol industry. Powder coatings of neopentyl glycol have enhanced thermal protection and ultraviolet stability, making it a leading product in the paint and coating industry, thereby bolstering the growth rate of the industry.
Key Industry Players in the Global Neopentyl Glycol Market
The report gives a detailed analysis of the following key players in the global neopentyl glycol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- BASF SE
- Eastman Chemical Company
- Mitsubishi Gas Chemical Company, Inc
- Perstorp Group
- LG Chem
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a volume of nearly 782.84 KMT in 2024.
The market is projected to grow at a CAGR of 3.7% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a volume of 1085.65 KMT by 2034.
The major drivers of the market are rising demand from pharmaceutical, textile, and construction industries and increased adoption of low-VOC glycol products.
The key trends guiding the growth of the market include growing infrastructure projects and developments in personal care and pharmaceuticals.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Flakes, molten, and slurry, among others, are the different types of neopentyl glycol in the market.
Disproportionation method, and hydrogenation method are the various technologies of neopentyl glycol in the market.
The applications of neopentyl glycol include paint and coatings, insulation material, adhesives and sealants, lubricants, fibres, plasticisers, and pharmaceuticals, among others.
The key players in the global neopentyl glycol market are BASF SE, Eastman Chemical Company, Mitsubishi Gas Chemical Company, Inc, Perstorp Group, and LG Chem, among others.
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