Wilmington, Delaware, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Global Neopentyl Glycol (NPG) Market is valued at 752 kilotons in 2022 and is expected to grow at a significant CAGR of over 3.1% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
Neopentyl glycol is a common ingredient in the manufacture of high-performance coatings and paints. Its exceptional hardness, weather resistance, and UV stability make it ideal for use in automobile coatings, architectural paints, and industrial coatings.
The expansion of the construction industry stimulates the demand for paints and coatings, which influences the demand for NEOPENTYL GLYCOL. As global urbanization and infrastructure projects rise, so does the demand for long-lasting, high-quality coatings.
- According to a deep-dive market assessment by RationalStat, the global Neopentyl Glycol (NPG) market has been analyzed on the basis of market segments, including on type, application and geography/regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Neopentyl Glycol (NPG) market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/ equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Neopentyl Glycol (NPG) market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Neopentyl Glycol (NPG) Market: Segmental and Market Share Analysis
- On the basis of type, the flakes section is projected to maintain its dominance. This is owing to the convenience, ease of use, and little upkeep.
- On the basis of application, the construction industry dominates the market. The fast global expansion of the building and construction industry is driving up demand for paints and insulating materials.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | 752 kilotons |
| Market Size Forecast | 963 kilotons |
| Growth Rate | 3.1% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global neopentyl glycol (NPG) market include,
- In September 2022, OQ Chemicals has introduced a novel NPG-neopentyl glycol diheptanoate derivative that will be a crucial element in the beauty and personal care industries.
Some of the prominent players and suppliers operating and contributing significantly to the global neopentyl glycol (NPG) market growth include OXEA, BASF SE, LG Chem, Perstorp Group, Eastman Chemical Company, Mitsubishi Gas Chemical Company, Celanese among others.
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RationalStat has segmented the global neopentyl glycol (NPG) market based on type, application and region
- Global Neopentyl Glycol (NPG) Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Type
- Flakes
- Molten
- Slurry
- Global Neopentyl Glycol (NPG) Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Application
- Paints & Coatings
- Automotive
- Construction
- Textile
- Others
- Global Neopentyl Glycol (NPG) Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Region
- North America Neopentyl Glycol (NPG) Market
- US
- Canada
- Latin America Neopentyl Glycol (NPG) Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Neopentyl Glycol (NPG) Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Neopentyl Glycol (NPG) Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Neopentyl Glycol (NPG) Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Neopentyl Glycol (NPG) Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Neopentyl Glycol (NPG) Market
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Key Questions Answered in the Neopentyl Glycol (NPG) Report:
- What will be the market value of the global neopentyl glycol (NPG) market by 2030?
- What is the market size of the global neopentyl glycol (NPG) market?
- What are the market drivers of the global neopentyl glycol (NPG) market?
- What are the key trends in the global neopentyl glycol (NPG) market?
- Which is the leading region in the global neopentyl glycol (NPG) market?
- What are the major companies operating in the global neopentyl glycol (NPG) market?
- What are the market shares by key segments in the global neopentyl glycol (NPG) market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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