Global Neopentyl Glycol Market Size Analysis, 2018-2028
| REPORT ID: BKR693 | Domain: Chemicals | Published Date: April 2018 |
Global Neopentyl Glycol Market Size Analysis
The global neopentyl glycol market size is estimated to be valued at USD 1,001.4 million in 2018 and will register a CAGR of 4.8% to create collective absolute revenue opportunity of USD 14 billion during the forecast period.
The product chemically known as 1,3-Propanediol, 2,2-dimethyl (CAS number 126-30-7) finds range of end-use applications in textiles, coatings and construction industries due to its thermal stability. It is primarily used as a building block in polyester resins for coatings, alkyd resins, unsaturated polyester, lubricants and plasticizers.
Global Neopentyl Glycol Market Drivers and Challenges
The industry is expected to witness healthy growth in Central and Eastern Europe and Asia Pacific. Much of the growth is expected to be fueled by improving macroeconomic conditions and high level infrastructure projects. For instance, China’s ambitious OBOR will create new market opportunity for construction industry verticals that will indirectly create demand for neopentyl glycol. Infrastructure projects is trailing GDP per capita in China and India wherein China could witness 70% urbanization by 2022. The companies are adding new technologies with advanced reaction efficiencies in order to boost production capacity. Well aligned systems has helped companies to lower down their operational cost by 30%. It is expected that neopentyl glycol market trend will witness increased spending on marketing channels and thus solidify market positioning globally.
Though the industry is growing at healthy rate, economic headwinds could prove a major challenge to overall stability of the industry.
Exhibit 1:
Global Neopentyl Glycol Market Analysis, By Application
Worldwide, neopentyl glycol (NPG) will finds its maximum usage in coatings. Total sales for coatings segment will account for 39% share in 2018. This will further increase by 68 basis points during the forecast period. As such, the segment will continue to be a profitable sector for neopentyl glycol manufacturers. It will register slowdown in demand from automotive sector. Industry saturation has led to stagnation in the industry. However, is expected to revert to normal growth by end of forecast period. Powder coatings is witnessing huge demand. This is likely to boost to boost overall NPG consumption.
Global Neopentyl Glycol Market Size and Forecast: Regional Analysis
Asia Pacific is expected to register not only the fastest growth in terms of consumption but will also lead in production value. As of 2017, China, India and Japan accounts to majority of the market share with production capacity located across China, South Korea and Japan. India is primarily a importer of NPG. However, changing macroeconomic scenario is expected to create new market opportunity for industry players. It is expected that India will take over China in terms of growth between 2018 and 2027. China will continue to dominate the market in terms of absolute revenue opportunity. By 2028, China will capture 17% of total neopentyl glycol market consumption. On the same period, India will growth by 2.8X to reach USD 157 million by 2028.
Asia Pacific production capacity will double by 2020 with most of the manufacturing centers located in China. Japan and South Korea will follow the trail.
Western Europe neopentyl glycol market size was valued at USD 287 million in 2017 and will grow by 1.4X to create collective absolute revenue opportunity of USD 3.8 billion during the forecast period. Germany will account for highest market share.
Global Neopentyl Glycol Market Size and Forecast: Competition Landscape
Some of the key neopentyl glycol market industry players are BASF AG, Eastman, LG Chem, Mitsubishi Gas Chemical, Shahid Rasuli, Celanese Corporation, Perstorp, OXEA, Polioli, Oleon, and Shandong Fufeng Perstorp Chemical Co. BASF and Eastman Chemicals are the market leaders and are expected to take inorganic growth strategy to further strengthen their positions in near future.
Neopentyl Glycol Market Size TOC
- Report Structure
- Research Methodology
- Market Engineering Factors Weightage
- Market Share Methodology
- Executive Summary
- Key Findings
- Market Engineering Factors
- Industry Expert Perspectives
- Market Definitions
- The Global Neopentyl Glycol Market Value
- Overall Market Forecast
- Neopentyl Glycol Growth Outlook, By Segments
- Neopentyl Glycol Growth Scenario, by Region
- The Neopentyl Glycol Industry Ecosystem
- Parent Market Overview
- Industry Value Chain and Distribution Analysis
- Growth Factor Analysis
- Key Industry Players By Region
- The Neopentyl Glycol Industry Dynamics
- Drivers
- Challenges
- Opportunities
- Mega Trends
- Geographical Trends
- Industry Experts Views
- Merger Acquisition
- Regulatory Compliances, By Selected Countries
- Key Industry Developments
- The Neopentyl Glycol Market Pricing Analysis
- Neopentyl Glycol Product Pricing Forecast
- Pricing Analysis By Region
- Pricing Trends
- Global Neopentyl Glycol Industry Value and Forecast
- Introduction
- Industry Initiatives
- Industry Predictive Analysis
- Neopentyl Glycol Industry Segment Comparative Ranking Analysis
- Key Companies Involved and Initiatives
- Global Industry Opportunity Proposition Analysis
- Market Share Analysis, (%)
- Global Neopentyl Glycol Market Size and Forecast, (2017-2027)
- Market Value Forecast (US$ Million)
- Growth Analysis (Y-o-Y) and Forecast
- Global Neopentyl Glycol Industry Size and Forecast, By Segments
- By Applications
- Coatings
- Automotive Insulation
- Construction Insulation
- Plasticizers
- Adhesives
- Lubricants
- Household Appliances
- Fibers
- Electronic Products
- Others
- By Applications
- North America Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis
- North America Neopentyl Glycol Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- North America Neopentyl Glycol Market, By Segments (As mentioned in section 10 of TOC)
- S. Neopentyl Glycol Market Size and Forecast, By Segments
- Canada Neopentyl Glycol Market Size and Forecast, By Segments
- Latin America Neopentyl Glycol Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Latin America (South America) Neopentyl Glycol Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Latin America Neopentyl Glycol Market, By Segments (As mentioned in section 10 of TOC)
- Brazil Neopentyl Glycol Market Size and Forecast, By Segments
- Argentina
- Mexico
- Rest of Latin America
(Neopentyl Glycol industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Western Europe Neopentyl Glycol Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Western Europe Neopentyl Glycol Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Western Europe Neopentyl Glycol Market, By Segments (As mentioned in section 10 of TOC)
- Germany Neopentyl Glycol Market Size and Forecast, By Segments
- UK
- France
- Spain
- Italy
- NORDIC
- Switzerland
- Rest of Western Europe
(Neopentyl Glycol industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Central and Eastern Europe (CEE) Neopentyl Glycol Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Central and Eastern Europe Neopentyl Glycol Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Central and Eastern Europe Neopentyl Glycol Market, By Segments (As mentioned in section 10 of Neopentyl Glycol Market TOC)
- Russia Neopentyl Glycol Market Size and Forecast, By Segments
- Poland
- Ukraine
- Rest of CEE
(Neopentyl Glycol industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Asia Pacific Neopentyl Glycol Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Asia Pacific Countries
- Asia Pacific Neopentyl Glycol Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Asia Pacific Neopentyl Glycol Market, By Segments (As mentioned in section 10 of TOC)
- Japan Neopentyl Glycol Market Size and Forecast, By Segments
- China
- India
- South Korea
- Australia
- ASEAN
- Rest of Asia Pacific
(Neopentyl Glycol industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Middle East Neopentyl Glycol Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Middle East Countries
- Middle East Neopentyl Glycol Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Middle East Neopentyl Glycol Market, By Segments (As mentioned in section 10 of TOC)
- GCC Neopentyl Glycol Market Size and Forecast, By Segments
- Israel
- Rest of Middle East
(Neopentyl Glycol industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Africa Neopentyl Glycol Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Africa Countries
- Market Share Analysis, (%)
- Africa Neopentyl Glycol Industry Size and Forecast, (2017-2027)
- Africa Neopentyl Glycol Industry Share (%)
- Africa Neopentyl Glycol Industry Growth Forecast (%)
- South Africa Neopentyl Glycol Market Size and Forecast, By Segments
- Algeria
- Nigeria
(Neopentyl Glycol industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Neopentyl Glycol Market Competitive Landscape
- Competition Dashboard
- Funding and Investment
- Company Market Positioning
- Marketing Mix Strategies
- Product Level Strategies
- Go-to-Market Strategies
- SWOT Analysis
- Key Developments, By Companies
- Company Profiles*
- BASF AG, Eastman,
- LG Chem,
- Mitsubishi Gas Chemical,
- Perstorp,
- OXEA,
- Polioli,
- Oleon,
- Shandong Fufeng Perstorp Chemical Co.
- Analyst Opinion
- Summary and Conclusion
- For more Information, Bekryl can help
*(SWOT, Key Developments, and Strategies are based on individual companies)
To access the detailed Neopentyl Glycol industry TOC and sample research pages, download sample.
What Will You Discover in the Report?
- An in-depth analysis of the Neopentyl Glycol market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Neopentyl Glycol market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Neopentyl Glycol market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Neopentyl Glycol industry during the forecast period
- Who are the Neopentyl Glycol industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Neopentyl Glycol Industry Suppliers
- Neopentyl Glycol Industry Manufacturers
- Consultants and Analysts
- Researchers
- Healthcare Specialists
Analyst access with Bekryl Market Analysts
Purchasing of Neopentyl Glycol market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.
Neopentyl Glycol Market Report Structure
Neopentyl Glycol Industry Dynamics
This section enables Neopentyl Glycol industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Neopentyl Glycol market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Neopentyl Glycol industry trends and keep industry leaders abreast of latest happenings.
This section includes:
- Market Drivers
- Market Challenges
- Neopentyl Glycol Industry Trends
- Neopentyl Glycol Value Chain Analysis
- Marketing Opportunities
- Regulatory Aspects
- Neopentyl Glycol Industry Experts Market Opinion
Industry Analysis, By Segments
Industry stakeholders receive detailed analysis of the Neopentyl Glycol industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.
Each segment has research framework, essential to understand the market scenario in near future.
Each segment includes:
- Market Size and Forecast
- Annual Growth Rate Analysis (AGR)
- Key Trends, By segments
- Key Industry Developments
- Investment Proposition Analysis
- Potential Addressable Market Analysis
- Growth Factor, By Segment Analysis
This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.
Competition Landscape
Keep abreast of key strategies of industry leaders and regional Neopentyl Glycol industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.
This section include:
- Competition dashboard
- SWOT Analysis by Companies
- Go-to-market sales strategy
- Financial performances subject to listed companies
- Market Share Analysis
- Analyst Recommendation
Regional Market Analysis
Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Neopentyl Glycol market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.
This section include:
- Market Size by Country and Region
- Market Opportunity, By Country and Region
- Regional Trends
- Growth Analysis and Forecast
Country Profiles
Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any
North America Neopentyl Glycol Market Size
- S.
- Canada
Latin America Neopentyl Glycol Market Size
- Brazil
- Mexico
- Argentina
- Rest of Latin America
(*Neopentyl Glycol Market value analyzed across each Latin America country)
Western Europe Neopentyl Glycol Market Size
- Germany
- UK
- France
- Switzerland
- Spain
- Italy
- NORDIC
- Rest of Western Europe
(*Neopentyl Glycol Market value analyzed across each Western Europe country)
Central and Eastern Europe Neopentyl Glycol Industry Analysis
- Russia
- Poland Meat
- Ukraine Meat
- Rest of Eastern Europe
(*Neopentyl Glycol Market value analyzed across each Central and Eastern Europe country)
Asia Pacific Neopentyl Glycol Industry Size
- China
- India
- Japan
- Australia
- South Korea
- ASEAN Meat
- Rest of Asia Pacific
(*Neopentyl Glycol Market value analyzed across each Asia Pacific country)
Middle East Neopentyl Glycol Industry Size
- GCC
- Israel
- Rest of Middle East
(*Neopentyl Glycol Market value analyzed across each Middle East country)
Africa Neopentyl Glycol Industry Size
- South Africa
- Algeria
- Nigeria
- Rest of Africa
Neopentyl Glycol Market Research Methodology
Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.
Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.
Neopentyl Glycol Market Growth Forecasting Methodology
In order to prepare historical data and analyze Neopentyl Glycol market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Neopentyl Glycol market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.
- Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
- The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.
With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Neopentyl Glycol industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.
The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries. Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Neopentyl Glycol industry growth is nearly 3.5X to 5.5X higher than the relative GDP.
Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.
- Base Factors Growth Analysis
- Price Variation Analysis
- Potential Consumer Mapping
Neopentyl Glycol Industry Players: Competition Landscape Methodology
Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.
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