Neopentyl glycol is an organic chemical compound used in the synthesis of paints, lubricants, polyesters, and plasticizers. Being used in the manufacture of polyesters, it develops the stability of the product towards light, heat, and water. The increasing application of neopentyl glycol in the footwear and furniture industry has been one of the major factors that have favored the growth and expansion of the neopentyl glycol market.
MARKET DYNAMICS
The neopentyl glycol market has witnessed significant growth owing to the growing demand for coatings in the automotive & aerospace industry. Moreover, the rising focus on VOC emissions reduction is known to boost the neopentyl glycol market in the coming years. The surging product adoption in the furniture industry provides a vast market opportunity for the key players operating in the neopentyl glycol market.
MARKET SCOPE
The "Global Neopentyl Glycol Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Neopentyl glycol market with detailed market segmentation by type, applications, and geography. The global neopentyl glycol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Neopentyl glycol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global neopentyl glycol market is segmented on the basis of type and applications. On the basis of type, the neopentyl glycol market is segmented into flakes, molten, and slurry. Based on applications the global neopentyl glycol market is divided into automotive parts/insulation, construction insulation, furniture/footwear, plasticizers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Neopentyl glycol market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Neopentyl glycol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Neopentyl glycol market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Neopentyl glycol market in these regions.
MARKET PLAYERS
The reports cover key developments in the Neopentyl glycol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Neopentyl glycol market are anticipated to lucrative growth opportunities in the future with the rising demand for Neopentyl glycol in the global market. Below mentioned is the list of few companies engaged in the Neopentyl glycol market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Neopentyl glycol market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Celanese Corporation
- Eastman Chemical Company
- Kowa India Pvt. Ltd.
- LG Chem
- Mitsubishi Gas Chemical Company, Inc.
- Oleon NV
- OXEA GmbH
- Perstorp AB
- Wanhua Chemical Group Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.