Industry Background:
Neopentyl glycol is also known as Dimethylolpropionic. It is a colorless-to-white, hygroscopic crystalline, organic chemical compound. It is soluble in water, chloroform, benzene and very soluble in ethanol and diethyl ether. The industrial uses of the neopentyl glycol involve adhesives and sealant chemicals, agricultural chemical, dyes, fillers, fuels and fuel additives, intermediates and others. The consumer uses includes personal care products, leather products, paper products and many others.
According to AMA Research, the market for Neopentyl Glycol is expected to register a CAGR of 6.5% during the forecast period to 2027. This growth is primarily driven by Rising Demand as a Chemical Intermediate in Paints, Synthetic Lubricants Etc.
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Eastman Chemical Company (United States), Sigma-Aldrich (United States), Mitsubishi Chemical Corporation (Japan), BASF (Germany), LG Chem (South Korea), Oxea (Germany), Perstorp Group (Sweden), Alfa Aesar (United States), Wanhua Chemical Group (China) and Celanese Corporation (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident To use low/non-VOC chemical compounds as an alternative is the new shift in trend which is supplementing industry growth.. Major Vendors, such as Eastman Chemical Company (United States), Sigma-Aldrich (United States), Mitsubishi Chemical Corporation (Japan), BASF (Germany), LG Chem (South Korea), Oxea (Germany), Perstorp Group (Sweden), Alfa Aesar (United States), Wanhua Chemical Group (China) and Celanese Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
International Palladium Medal will be awarded by the Société de Chimie Industrielle award 2022 to Eastman Board Chair and Chief Executive Officer Mark J. Costa. He will receive the award at a dinner in his honor on September 12, 2022, at the New York Hilton Midtown.
Regulatory Insights:
Adhesives may be safely used as components of articles intended for use in packaging, transporting, or holding food in accordance with the following prescribed conditions:, The adhesive is prepared from one or more of the optional substances named in paragraph (c) of this section, subject to any prescribed limitations., The adhesive is either separated from the food by a functional barrier or used subject to the following additional limitations: and In dry foods. The quantity of adhesive that contacts packaged dry food shall not exceed the limits of the good manufacturing practice.
Market Drivers
- Rising Demand as a Chemical Intermediate in Paints, Synthetic Lubricants Etc.
- Ease of Availability of Neopentyl Glycol
- Easy Handling, Storage and Transport
Market Trend
- To use low/non-VOC chemical compounds as an alternative is the new shift in trend which is supplementing industry growth.
Restraints
- Slightly Toxic Compound Can Be Harmful If Ingested or Absorbed Through Skin Contact
Opportunities
Growing Demand from Automobile Industry for Polish/Wax, Brake Grease Etc. and Rising Applications in the Construction Industry
Challenges
Impurities in the Products
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Neopentyl Glycol Study Sheds Light on
The Neopentyl Glycol Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Neopentyl Glycol industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Neopentyl Glycol industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.