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Global Neopentyl Glycol Market Size, Trends, Growth: By Type: Flakes, Molten, Slurry, Others; By Technology: Disproportionation Method, Hydrogenation Method; By Application: Paint and Coatings, Insulation Material, Adhesives and Sealants, Lubricants, Fibres, Plasticisers, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Neopentyl Glycol Market Outlook
The global neopentyl glycol market reached a volume of about 782.84 KMT in 2023. 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 2024-2032 to reach a volume of approximately 1085.65 KMT by 2032.
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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.
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.
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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 | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Neopentyl Glycol Market Analysis
8.1 Key Industry Highlights
8.2 Global Neopentyl Glycol Historical Market (2018-2023)
8.3 Global Neopentyl Glycol Market Forecast (2024-2032)
8.4 Global Neopentyl Glycol Market by Type
8.4.1 Flakes
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Molten
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Slurry
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Neopentyl Glycol Market by Technology
8.5.1 Disproportionation Method
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Hydrogenation Method
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Neopentyl Glycol Market by Application
8.6.1 Paint and Coatings
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Insulation Material
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Adhesives and Sealants
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Lubricants
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Fibres
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Plasticisers
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Pharmaceuticals
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Others
8.7 Global Neopentyl Glycol Market by Region
8.7.1 North America
8.7.2 Europe
8.7.3 Asia Pacific
8.7.4 Latin America
8.7.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
13 Feedstock Analysis
13.1 Global Isobutyraldehyde and formaldehyde Market Analysis
13.1.1 Key Industry Highlights
13.1.2 Global Isobutyraldehyde Historical Market (2018-2023)
13.1.3 Global Isobutyraldehyde Market Forecast (2024-2032)
13.1.4 Global Isobutyraldehyde Market by Application
13.1.5 Global Isobutyraldehyde Market by Region
13.1.5.1 North America
13.1.5.2 Europe
13.1.5.3 Asia Pacific
13.1.5.4 Latin America
13.1.5.5 Middle East and Africa
13.2 Global Formaldehyde Market Analysis
13.2.1 Key Industry Highlights
13.2.2 Global Formaldehyde Historical Market (2018-2023)
13.2.3 Global Formaldehyde Market Forecast (2024-2032)
13.2.4 Global Formaldehyde Market by Application
13.2.5 Global Formaldehyde Market by Region
13.2.5.1 North America
13.2.5.2 Europe
13.2.5.3 Asia Pacific
13.2.5.4 Latin America
13.2.5.5 Middle East and Africa
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 BASF SE
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Eastman Chemical Company
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Mitsubishi Gas Chemical Company, Inc
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Perstorp Group
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 LG Chem
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Neopentyl Glycol Market: Key Industry Highlights, 2018 and 2032
2. Global Neopentyl Glycol Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Neopentyl Glycol Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Neopentyl Glycol Historical Market: Breakup by Technology (USD Million), 2018-2023
5. Global Neopentyl Glycol Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. Global Neopentyl Glycol Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Neopentyl Glycol Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Neopentyl Glycol Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Neopentyl Glycol Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Neopentyl Glycol Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Neopentyl Glycol Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Neopentyl Glycol Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Neopentyl Glycol Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Neopentyl Glycol Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Neopentyl Glycol Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Neopentyl Glycol Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Neopentyl Glycol Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Neopentyl Glycol Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Neopentyl Glycol Market Forecast: Breakup by Country (USD Million), 2024-2032
20. North America Historical Price Trends and Forecast (2018-2028)
21. Europe Historical Price Trends and Forecast (2018-2028)
22. Asia Pacific Historical Price Trends and Forecast (2024-2032)
23. Latin America Historical Price Trends and Forecast (2018-2028)
24. Middle East and Africa Historical Price Trends and Forecast (2018-2028)
25. Global Isobutyraldehyde Market: Key Industry Highlights, 2018 and 2032
26. Global Isobutyraldehyde Historical Market: Breakup by Application (USD Million), 2018-2023
27. Global Isobutyraldehyde Market Forecast: Breakup by Application (USD Million), 2024-2032
28. Global Isobutyraldehyde Historical Market: Breakup by Region (USD Million), 2018-2023
29. Global Isobutyraldehyde Market Forecast: Breakup by Region (USD Million), 2024-2032
30. Global Formaldehyde Market: Key Industry Highlights, 2018 and 2032
31. Global Formaldehyde Historical Market: Breakup by Application (USD Million), 2018-2023
32. Global Formaldehyde Market Forecast: Breakup by Application (USD Million), 2024-2032
33. Global Formaldehyde Historical Market: Breakup by Region (USD Million), 2018-2023
34. Global Formaldehyde Market Forecast: Breakup by Region (USD Million), 2024-2032
35. Global Neopentyl Glycol Market Structure
Key Questions Answered in the Report
The market attained a volume of nearly 782.84 KMT in 2023.
The market is projected to grow at a CAGR of 3.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 1085.65 KMT by 2032.
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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