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.
The Global Neopentyl Glycol (NPG) Market Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Neopentyl Glycol (NPG) Market market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.
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Effect of COVID-19 on the global market for Neopentyl Glycol (NPG) Market
The COVID-19 pandemic had a significant negative influence on the market for Neopentyl Glycol (NPG) Market in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Neopentyl Glycol (NPG) Market 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) Market in 2020. Additionally, demand for Neopentyl Glycol (NPG) Market 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 market : Competitive Landscape
The prominent players operating in the Neopentyl Glycol (NPG) Market 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 market .
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 Global Neopentyl Glycol (NPG) Market Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.
Based on types, the market is segmented into
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Technology Outlook (Revenue, USD Billion; 2019-2032)
- Lubricants
- Plasticizers
- Others
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Application Outlook (Revenue, USD Billion; 2019-2032)
- Paints and Coatings
- Automotive
- Others
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Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
Regional Outlook :
The growth of the Neopentyl Glycol (NPG) Market Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.
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