Neopentyl Glycol Market is set for a Rapid Growth and is expected to Reach USD 1.65 Billion by 2026

Zion Market Research has published a new report titled “Neopentyl Glycol (NPG) Market Report by Type (Flake, Molten, and Slurry), by Application (Coatings, Adhesives & Sealants, and Insulation), and by End-Use Industry (Paints, Automotive, Construction, Chemicals, Plastics, and Textiles): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026.”According to the report, the Neopentyl Glycol Market accounted for USD 1 Billion in 2018 and is expected to reach USD 1.65 Billion by 2026, growing at a CAGR of around 6.5% between 2019 and 2026.

Browse the full “Neopentyl Glycol (NPG) Market: Report by Type (Flake, Molten, And Slurry), by Application (Coatings, Adhesives & Sealants, and Insulation), and by End-Use Industry (Paints, Automotive, Construction, Chemicals, Plastics, and Textiles): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026” Report at https://www.zionmarketresearch.com/report/neopentyl-glycol-npg-market

The global neopentyl glycol market is anticipated to observe noticeable growth over the years. The neopentyl glycol is a hydroscopic crystalline organic chemical compound that is industrially synthesized by the aldol reaction of isobutyraldehyde and formaldehyde. There is tremendous scope for the market owing to its superior properties such as excellent resistance to oxidation, improved stability towards heat, water, & light, and non-polar chemical nature. The rising demand for the product from the pharmaceutical industry, owing to its utilization in pesticide vibration dampers fabric softeners fragrances plasticizers as a base product is projected to drive the market growth within the forecast timeframe. In addition, the neopentyl glycol market is likely to grow due to its growing demand for manufacturing paints and coatings.

The global neopentyl glycol market has been segmented on the basis of type, application, and end-use industry. In terms of the type, the neopentyl glycol market is classified into molten, flake, and slurry. The neopentyl glycol flake is anticipated to grow at a faster pace within the forecast period. The neopentyl glycol flakes are the highly preferred form in the international market. The neopentyl glycol slurry is also likely to grow at a noteworthy rate within the forecast timeframe. This form is considered by several end-use industry operators owing to the superior thermal stability and unique structure. This aspect makes it an attractive option for several varieties of applications including alkyd coating resins, fibreglass reinforced resins, polyester polyols plasticizer, powder coating resins, etc. On the basis of application, the neopentyl glycol market is segmented into adhesives & sealants, coatings, and insulation. End-use industry-wise, the market is classified into automotive, chemicals, construction, paints, plastics, and textiles. The paint industry segment is projected to have a maximum market share within the forecast period. The neopentyl glycol is extensively used in paint and coating industries, owing to the property of superior scratch resistance. The effective penetration of protective coatings in the growing industrial sectors is propelling the growth of the neopentyl glycol market, positively. Moreover, NPG used as a base resin for greases, hydraulic fuels, and aircraft engine lubricant which has a significant opportunity to upsurge the demand in the market.

Key players for the neopentyl glycol market are BASF SE, Eastman Chemical Company, LG Chem, Celanese Corporation, Perstorp Orgnr, Polioli S.p.A., MITSUBISHI GAS CHEMICAL COMPANY, INC., OXEA GmbH, Oleon NV, and Shandong Dongchen New Technology Co, Ltd among others.

This report segments the global valve positioners market as follows:

Global Neopentyl Glycol Market: Type Segment Analysis

• Flake
• Molten
• Slurry  

Global Neopentyl Glycol Market: Application Analysis

• Coatings
• Adhesives & Sealants
• Insulation

Global Neopentyl Glycol Market: End-Use Industry Analysis

• Paints
• Automotive
• Construction
• Chemicals
• Plastics
• Textiles

Global Neopentyl Glycol Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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