Global Spiroglycol Market: Introduction

Spiroglycol (SPG) is manufactured by an intermediate of neopentyl glycol. The structure of spiroglycol is in the molecule form. The derivatives are excellent at thermal stability. The main application of spiroglycol is in polyester, polyurethan, UV cure resin, additives for synthetic resin, and others.

Global Spiroglycol Market: Trends & Developments

Increase in demand for polyester fibers, owing to their lower cost, versatility, and relatively large areas of applications is likely to drive the spiroglycol market. Moreover, rise in demand of polyester in the textile industry for the production of apparel, household textile, and industrial & consumer textile is likely to boost the spiroglycol market. Additionally, there is an increase in demand for UV cure resins in the coatings, inks, and adhesives industries as they have been developed to meet stringent regulations in Europe and North America and reduce air pollution as well as energy consumption. This is expected to drive the spiroglycol market during the forecast period.

Global Spiroglycol Market: Segmentation

The global spiroglycol market can be segmented based on material, application, and region. Based on material, the global spiroglycol market can be classified into ≥99% and?99%. In terms of application, the global spiroglycol market can be divided into polyester, polyurethane, UV cure resin, and others. UV cure resins are used in a variety of applications in the coatings, inks, and adhesives industries. UV cure resins are extensively used in inks for UV flexo, screen, and lithographic printing in over print varnishes as well as in products for potting and encapsulation of sensitive electronic elements. Polyester is often used in outerwear because of its high tenacity and durability. Polyurethane has applications in industries such as apparel, automotive, appliances, building & construction, electronics, and others. The most common use for polyurethanes in major appliances is in rigid foams for refrigerators and freezer thermal insulation systems. Polyurethane is specially formulated to meet a diverse range of physical, thermal, and electrical properties.

Global Spiroglycol Market: Regional Outlook

Based on region, the global spiroglycol market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a leading region of the spiroglycol market. In Asia Pacific, countries such as China and India accounted for major demand for spiroglycol and are characterized by the presence of a large consumer base and export-oriented industrial production. Asia Pacific is a major producer of spiroglycol. China is expected to raise investment in production capacities, which is likely to propel demand for spiroglycol during the forecast period. Moreover, an increase in demand for spiroglycol from the textile industry in Asia Pacific is projected to augment the market. North America is anticipated to provide various growth opportunities for the spiroglycol market, owing to a rise in the application of spiroglycol in polyethylene production. The market in Europe is projected to expand at a robust pace, due to a rise in the consumption of industrial solvents, mainly in Germany, Spain, and Sweden.

Global Spiroglycol Market: Key Players

Key players operating in the global spiroglycol market include Mitsubishi Gas Chemical Company, Inc., Nanyang Tianhua Pharmaceutical Co. Ltd., Cambrex Corporation, and Chemos GmbH & Co. KG.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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