Neopentyl Glycol (NPG) Market Size Worth USD 2.42 Billion in 2032 | Emergen Research

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.

Get Free Sample Report and Related Graphs & Charts @ https://www.emergenresearch.com/request-sample/2230

Report Objective:

The report offers a complete analysis of the global Neopentyl Glycol (NPG) market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations.

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.

Some Key Highlights from the Report

• The lubricants generation segment is expected to account for largest revenue share in the global NPG market over the forecast period. This is due to rapid growth in manufacturing, mechanical, and equipment industries, as well as the industrial sector. These industries need lubricants with exceptional lubricity and performance to maintain smooth operations, cut down on maintenance expenses, and increase the lifespan of machinery and equipment. The paints and coatings segment is expected to register steadily fast revenue growth rate in the global NPG market over the forecast period. This is due to rising trend toward innovative and specialty coatings in various end-use sectors. Opportunities for NPG-based resins to fulfil these specific requirements are being created by the development of new coatings with characteristics including self-cleaning, anti-microbial, and anti-corrosive features.

• The North America market is expected to account for largest revenue share in the global NPG market during the forecast period. This is due to rising demand for NPG-based materials in various industries and presence in the pharmaceutical and personal care sectors. The region is adopting more NPG-based materials as a result of the rising demand for low-Volatile Organic Compound (VOC) paints, coatings, and other goods.

Get An Impressive Discount On This Report@ https://www.emergenresearch.com/request-discount/2230

Emergen Research has segmented the global NPG market on the basis of products, end-use, and region:

• Technology Outlook (Revenue, USD Billion; 2019-2032)
o Lubricants
o Plasticizers
o Others
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Paints and Coatings
o Automotive
o Others
• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

The report addresses the following key points:

• The report provides a forecast of market drivers, restraints, and future opportunities for the Neopentyl Glycol (NPG) market

• The report further analyses the changing market dynamics

• Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

• Extensive competitive landscape mapping with profiles of the key competitors

• In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies

• Revenue forecast, country scope, application insights, and product insights

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/neopentyl-glycol-market

Look Over transcripts provided by Emergen Research

Plant-Based Food & Beverage Alternatives Market
https://www.globenewswire.com/en/news-release/2020/12/03/2139398/0/en/Nano-Drones-Market-to-Reach-USD-4-04-Billion-By-2027-Growing-at-a-CAGR-of-26-8-Emergen-Research.html
Nano Drones Market
https://www.globenewswire.com/news-release/2020/12/03/2138811/0/en/Fermented-Food-and-Ingredients-Market-To-Be-Worth-USD-875-21-Billion-by-2027-Emergen-Research.html
Fermented Food and Ingredients Market
https://www.globenewswire.com/en/news-release/2020/12/03/2138803/0/en/Mobile-Robot-Market-To-Be-Worth-USD-117-89-Billion-by-2027-Growing-at-a-CAGR-of-23-6-Emergen-Research.html
Mobile Robot Market
https://www.globenewswire.com/news-release/2020/12/08/2141032/0/en/Forensic-Technology-Market-Worth-USD-52-04-Billion-By-2027-Emergen-Research.html

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services

About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.