Global Neopentyl Glycol (NPG) Market: Overview
Neopentyl glycol or Dimethylolpropan, is chemical compound that is hydroscopic crystalline. It is colorless to white in color and is synthesized industrially by adol reaction of isobutyraldehyde and formaldehyde. The reaction results in production of intermediate hydroxypivaldehyde which can be converted into neopentyl glycol using catalytic hydrogenation that converts aldehyde group to an alcohol group. Since manufacturing is relatively easy for the businesses, the global neopentyl glycol market is experiencing a major boost in the forecast period of 2019 to 2027.
A report by Transparency Market Research provides in-depth analysis of global neopentyl glycol market. The report covers facets such as notable developments, major opportunities, proliferates prominent players of the global neopentyl glycol market.
Is something restraining your company’s growth in the Neopentyl Glycol (NPG) Market? Ask for the report brochure here
Global Neopentyl Glycol (NPG) Market: Notable Developments and Competitive Analysis
The global neopentyl glycol (NPG) market is highly competitive. The competitive landscape of the market is based on the players leveraging lucrative opportunities such as easy manufacturing and convenient raw materials availability. As a result of these benefits, the global neopentyl glycol (NPG) market is witnessing a major influx of players.
Since the competition is extreme in the global neopentyl glycol (NPG) market, businesses are adopting strategies that can help them accumulate resources to have a sustainable future in the forecast period of 2019 to 2027. Strategies such as mergers and acquisition are some tools that the players are resorting to gain an edge over their rivals.
Global Neopentyl Glycol (NPG) Market: Key Drivers
Unique Property of Compound Draws Maximum Revenue
The unique properties of the neopentyl glycol like improved scratch resistance is gaining major traction these days. The compound finds its extensive application in the manufacturing of the protective coatings that is further used by industries such as automotive, construction, and building industry. Moreover, resisting scratches also makes the compound a feasible solution in the pain manufacturing sector. Based on the rising demand for neopentyl glycol in various industries, the global neopentyl glycol (NPG) market is experiencing a major boost in the coming years.
Feasible Chemical Intermediate
The neopentyl glycol is soluble in water, benzene, chloroform, and ethanol. The solubility of the compound makes it a feasible choice for the development of chemical interface that can further help manufacturers to develop compounds smoothly. The compound helps the manufacturers in producing polyester, resins, alkyd resins, and synthetic lubricants. As a result of this hiked adoption the global neopentyl glycol (NPG) market is experiencing a major thrust in the forecast period of 2019 to 2027.
Support Space Crafts’ Re-entry to Earth
Neopentyl glycol has exceptional property of resisting heat along with physical scratches. This property is extensively beneficial for space crafts while re-entering the Earth’s atmosphere. The coating saves the craft from burning to ashes due to immense friction and extreme temperature. For instance, Space Shuttle Columbia burned to ashes while re-entering as a result of failure of its heat resistance shield. Based on the application of compound in aerospace industry, the global neopentyl glycol (NPG) market is expected to witness a robust growth in the coming years of forecast period 2019 to 2027.
Looking for Regional Analysis or Competitive Landscape in Global Neopentyl Glycol (NPG) market, ask for a customized report
Global Neopentyl Glycol (NPG) Market: Regional Analysis
Based on the hiked demand in India and China Asia Pacific is expected to emerge as most prominent region in the global neopentyl glycol (NPG) market. The dominance of the region is the result of growing building and construction industry in China, India, and South Korea. These countries are investing a good amount in infrastructure that are meant to deal with harsh nature and various other catastrophic events. Based on these projects, Asia Pacific will dominate other region of global neopentyl glycol (NPG) market in the forecast period of 2019 to 2027.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.