+1-888-308-5802     
News Contact Us

Global neopentyl glycol market is highly consolidated owing to the presence of a few dominating companies

Author : Ravi Chawat | Published Date : 2020-12-02 

Positive application outlook in manufacturing lubricants for automotive and aircraft engines, greases and hydraulic fuels owing to its high thermal and chemical stability is anticipated to propel neopentyl glycol market. Shifting trend toward the use of low/non-VOC chemical compounds as an alternative to conventional resins will supplement industry growth in the coming years. Surging demand across paints and coatings industry, particularly powder coatings will create new business opportunities for industry participants.

For Sample:

https://www.gminsights.com/industry-analysis/neopentyl-glycol-market

Rapid industrialization & urbanization along with the economic boom in India, Indonesia, Mexico, and South Korea will also provide a positive outlook for business expansion. Growing demand for fabric softeners, plasticizers, pesticides, and pharmaceuticals will positively influence the neopentyl glycol market penetration rate. Factors such as high resistance to oxidation, non-polar chemical nature along with availability in the form of flakes, molten, and slurry type, will support product utilization as an intermediate in manufacturing of numerous chemical products.

Global paints & coatings industry is accelerating at a fast pace owing to the escalating demand from automotive, transportation, and building & construction sectors. Housing subsidies along with socio-economic development by the regional governments will also positively impact the product demand. Increasing necessity for advanced adhesives & sealants with easy usability and low VOC content will further promulgate the overall neopentyl glycol market development.

Request of TOC : https://www.gminsights.com/toc/detail/neopentyl-glycol-market

Shifting trends in the preparation of chemicals using organic compounds along with the adoption of advanced industrial synthesis, such as green catalytic process, are among the major factors stimulating the raw material supply dynamics. Stringent government regulations concerning VOC emissions will also support the neopentyl glycol business operations. The organic nature of the product will further help in the production of organic chemicals used in agrochemicals, skincare, and pharmaceutical application industries.

Neopentyl glycol sales from flakes generated over USD 900 million in 2018 and expected to  hold a significant industry share. Key benefits including ease of handling during storage, enhanced usability, and low maintenance in terms of transportation and application have enhanced the demand neopentyl glycol flake demand across the resins & coatings industry. Increasing product adoption rate in saturated polyesters for coil coatings, powder coatings & stoving enamels fueling neopentyl glycol market growth.

Neopentyl glycol slurry market is set to witness over 6.5% CAGR up to 2025. The market will witness a substantial growth due to neopentyl glycol’s unique structure and high thermal stability, making it an attractive option for a wide variety of applications including fibreglass reinforced resins, alkyd coating resins, polyester polyols plasticizer, powder coating resins, etc. High crystalline and weatherability assistance of the product are among the key factors supporting the market demand.

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

Linear alpha olefins (LAO) market to witness increased traction from HDPE application

Published Date: 2021-01-22         Author: Ravi Chawat

The HDPE application will stimulate the growth of linear alpha olefins maret, accounting for more than USD 2.4 billion in value by 2024. Linear alpha olefins (LAO) market share is poised to gain major traction on account of its rising demand from prime HDPE applications. There has been a growin... Read More

Monoethylene glycol market Demand by Application, Grade, End-Use and Region-Forecasts up to 2024

Published Date: 2021-01-22         Author: Ravi Chawat

Global monoethylene glycol market demand is substantiated by steady demand from key end use industries such as packaging, automotive, paints & coatings, textiles, and others. In terms of revenue, global monoethylene glycol market is likely to surpass USD 40 bn by 2024. The product is extensively... Read More

Phosphate Ester Market volume will exhibit CAGR of over 7.5% from 2018 to 2025

Published Date: 2021-01-22         Author: Ravi Chawat

The phosphate esters market is set to grow from $1.7 billion in 2017 to $3 billion by 2025, according to a 2018 Global Market Insights, Inc. report. The industry is witnessing steady growth from Asia Pacific and North America due to increased use of non-halogenated phosphorus esters in numerous indu... Read More

© 2021 Fractovia. All Rights Reserved