Neopentyl Glycol Market: Revenue and growth prediction till 2026 with covid-19 impact analysis

June 09, 2022

A report on the Neopentyl Glycol Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Neopentyl Glycol Market. The historic years considered for the study are 2015-2020 the base year is 2021, and the forecast period is 2021-2026.

The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.

Market Analysis

Neopentyl Glycol Market is likely to witness a CAGR of 7.2% during the forecast period. The prime factor that is contributing to the demand for Neopentyl Glycol is mainly due to increasing demand for low VOC-compound and wide arrange of applications.

The Market is segmented by Type (Flakes, Molten, and Slurry), by Application Type (Automotive Parts/Insulation, Construction Insulation, Furniture/Footwear, Plasticizers, Electronic Products, Fibers, Automotive/Construction Additives, Lubricants, Pharmaceuticals, Agrochemicals, Dyes, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on Neopentyl Glycol Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.

Report Features

The report delivers a detailed view of the industry based on Neopentyl Glycol Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-

-           Market structure: Overview, industry life cycle analysis, supply chain analysis

-           Covid-19 Impact analysis.

-           Market environment analysis: Growth drivers and constraints, and SWOT analysis.

-           Market trend and forecast analysis.

-           Market segment trend and forecast.

-           Competitive landscape and dynamics: Market share, product launches, etc.

-           Attractive Market segments and associated growth opportunities.

-           Emerging trends.

-           Strategic growth opportunities for the existing and new players.

The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.

Key Segments Neopentyl Glycol Market Report Covers:

Based on the type, the market is segmented as flakes, molten, and slurry. The flakes segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. Ease in handling during storage, enhanced usability, and low maintenance in terms of transportation and application has boosted the demand for neopentyl glycol across the resin & coating industry.

Based on the application type, the neopentyl glycol market is segmented as automotive parts/insulation, construction insulation, furniture/footwear, plasticizers, electronic products, fibers, automotive/construction additives, lubricants, pharmaceuticals, agrochemicals, dyes, and others. The automotive parts/insulation segment dominated the market in 2020 and is expected to lead the market during the forecast period as well. Neopentyl glycol is widely used in insulation application owing to its high thermal stability.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for neopentyl glycol during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. Inclination towards producing environment-friendly powder coatings with low VOC emission is likely to propel the market growth across the regions. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

According to the report, brands or companies that are leading globally in this Market are –

• BASF
• Eastman Chemicals
• LG Chem
• Mitsubishi Gas Chemical
• OXEA
• Perstorp AB
• Wanhua Chemical Group

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About Us –

Stratviewresearch.com is a leading global Market Research firm providing expert research solutions, trusted by clients worldwide. Stratview Research possesses a global presence to enable current Market information using the most up-to-date methodology, best-in-class research techniques, and cost-effective approaches. We survey clients in several countries to provide you with the most comprehensive illustration of global trends and behaviours.

Author : Emily