Neopentyl Glycol (NPG) Market Types, Applications, Products, Share, Growth, Insights and Forecasts Report 2032

 The global Neopentyl Glycol (NPG) market size was USD 1.47 Billion in 2022 and is expected to register a steady revenue CAGR of 5.1% during the forecast period, according to latest analysis by Emergen Research. Rapid growth in the automotive and construction industries is a key factor driving market revenue growth. NPG-based coatings are widely used in the building industry for architectural paints and flooring materials as these offer weather resistance and durability. While, NPG is utilized in the automotive sector to create polyester resins for parts including body panels and bumpers because of their exceptional mechanical and thermal qualities. Specialty lubricants and plasticizers with enhanced characteristics and stability are in more demand than ever, particularly in sectors including automotive, aerospace, and electronics. In addition, manufacturers' Research & Development (R&D) initiatives are promoting innovations and technological breakthroughs in the NPG production process.

Some of the key factors driving the growth of the global Neopentyl Glycol (NPG) market include expanding R&D efforts to develop novel Neopentyl Glycol (NPG) products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.

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Effect of COVID-19 on the global market for Neopentyl Glycol (NPG)

The COVID-19 pandemic had a significant negative influence on the market for Neopentyl Glycol (NPG) in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Neopentyl Glycol (NPG) were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Neopentyl Glycol (NPG) in 2020. Additionally, demand for Neopentyl Glycol (NPG) decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Neopentyl Glycol (NPG) market : Competitive Landscape

The prominent players operating in the Neopentyl Glycol (NPG) market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Neopentyl Glycol (NPG) market .

Some of the prominent players operating in the market are:

BASF SE, Eastman Chemical Company, Perstorp Holding AB, Mitsubishi Gas Chemical Company, Inc., Huntsman Corporation, LG Chem, The Dow Chemical Company, Evonik Industries AG, Mitsui Chemicals, Inc., and Wanhua Chemical Group Co., Ltd

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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

Key questions answered in the report:

What will be the development pace of Neopentyl Glycol (NPG) market ?

What are the key factors driving the Global Neopentyl Glycol (NPG) market ?

Who are the key manufacturers in the market space?

What are the openings, hazards, and outline of the market?

What is sales, revenue, and price analysis of top manufacturers of Neopentyl Glycol (NPG) market ?

Who are the distributors, traders, and dealers of Neopentyl Glycol (NPG) market ?

What are the Neopentyl Glycol (NPG) market opportunities and threats faced by the vendors in the Global Neopentyl Glycol (NPG) industries?

What are deals, incomes, and value examinations by types and utilizations of the market?

What are deals, income, and value examinations by areas of enterprises?

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Segments Covered in this report are:

  • Technology Outlook (Revenue, USD Billion; 2019-2032)

    • Lubricants
    • Plasticizers
    • Others

  • Application Outlook (Revenue, USD Billion; 2019-2032)

    • Paints and Coatings
    • Automotive
    • Others

  • Regional Outlook (Revenue, USD Billion; 2019–2032)

    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of Middle East & Africa

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Regional Bifurcation of the Neopentyl Glycol (NPG) market Includes:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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