Advanced characteristics of neopentyl glycol including high resistance to oxidation, non-polar chemical nature, and high stability towards water, heat and light are pushing the adoption of the material as an intermediate for the production of a number of materials. The increased use of neopentyl glycol as a chemical base for items such as fabric softeners, pesticides, pharmaceuticals, and plasticizers, which would are creating an increased number of opportunities of growth for market participants. The market for neopentyl glycol is anticipated to grow at a rapid pace owing to its widespread use in the paint and coatings industry, which themselves find complementary applications in a wide varieties of end use industries. A study of the global neopentyl glycol (NPG) industry is collated and published in the report titled, "Neopentyl Glycol (NPG) Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028" that has been added to the extensive research repository of Market Research Hub (MRH).
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The unique characteristics of neopentyl glycol such as resistance to abrasion are increasing its use in the production of protective coatings. Further, the increased demand paints and powder coating is essential to maintain the growth of the market. This can be attributed to high demand for these materials from the building and construction, transport and automotive industries.
In terms of growth opportunities, the neopentyl glycol market will see the greatest rise in countries of the Asia Pacific, particularly in India and China. This growth will be attributable to strong growth in the local building and automotive industries. Neopentyl glycol is witnessing increased demand in the forms of slurries and flakes. Further, the material is also finding increased use in industrial applications owing to better UV resistance and thermal stability.
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Neopentyl Glycol (NPG) Market: Report Overview
The write up on neopentyl glycol provides the readers with an in depth analysis on the landscape of pesticide and pharmaceutical ingredients around the globe. Health-based forecasting models include a complete analysis of the research publications and primary interviews with manufacturers in addition to the relevant consumer data.
The report also includes detailed interviews conducted by leading market analysts with industry leaders, pharmaceutical experts and industry analysts to provide key validations of the production volume and relevant conclusions in the study.
The neopentyl glycol report forecasts performance of the market progress in terms of volume trajectories by different categories including the cost of production and raw materials, in addition to factors such as the growth of the personal care market. For each of these categories, business development strategies and market projections that have been adopted by key market players for specific strategies have also been included in the report.
Valuable insights which can be helpful for manufacturers that are operating in the neopentyl glycol industry are provided in the report. Also, a study of barriers to market entry, pricing analysis, market expansion strategies, and supply to demand equations makes the report a very credible source of information for business professionals interested in the neopentyl glycol market.
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Neopentyl Glycol (NPG): Paint and Coating Applications Drive Adoption
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