Neopentyl Glycol (NPG) Market

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Neopentyl Glycol (NPG) Market

• Global neopentyl glycol market was valued at USD
  3.25 billion in 2018 and is expected to reach USD
  4.17 billion by 2026 at a CAGR of 3.15 during
  the forecast period, 20192026, according to a
  new Straits Research study.

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Neopentyl glycol market is increasingly demanded
in polymers, paints, plastics, lubricants, and
other commercial industrial verticals. It is a
chemical compound which is used in various
processes of synthesis of various products such
as polymers, paints, thereby enhancing the
stability of products towards water, light, heat,
and others. The product is highly thermal and
ensures superior performance providing an
advantage to the customers.The rising demand
for consumer durables is expected to fuel the
market. Majority of these consumer durables are
derived chemically among which the majorly used
chemical is polyols. Polyols are used with
multi-functional hydroxyls such as tetrols,
triols, and diols. These polyols are used in
several commercial productions and polymeric
synthesis such as polyurethanes, polyesters,
polyether polyols, and others. (NPG) constitutes
to be one of the majorly applied polyols.
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The Neopentyl Glycol (NPG) market report is the
most important research for who looks for
complete information on the global trends for
the Neopentyl Glycol (NPG) market. This report
covers all information on the Global as well as
regional markets including old and future trends
for market demand, supply, size, competitors,
prices and Global predominant vendors'
information. the report also provides a complete
overview of Neopentyl Glycol (NPG) markets
including key players, types, manufacturing segmen
t, cost, fluid market shares, and market dynamics
in 2019.
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Asia Pacific is expected to observe considerable
growth in the neopentyl glycol market. This is
ascribed to the prevalence of developing
countries such as India, South Korea, China, and
others. Additionally, rapid urbanization, growing
industrialization, and rising consumerism are the
major factors contributing to the growth of the
market in these regions.Global neopentyl glycol
market was valued at USD 3.25 billion in 2018 and
is expected to reach USD 4.17 billion by 2026 at
a CAGR of 3.15 during the forecast period,
20192026, according to a new Straits Research
study.
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