Neopentyl Glycol (NPG) Market demand is forecast to reach 963 … – GlobeNewswire

August 25, 2023 09:30 ET | Source: Rationalstat LLC Rationalstat LLC
Wilmington, Delaware, UNITED STATES
Wilmington, Delaware, Aug. 25, 2023 (GLOBE NEWSWIRE) — Global Neopentyl Glycol (NPG) Market is valued at 752 kilotons in 2022 and is expected to grow at a significant CAGR of over 3.1% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
Neopentyl glycol is a common ingredient in the manufacture of high-performance coatings and paints. Its exceptional hardness, weather resistance, and UV stability make it ideal for use in automobile coatings, architectural paints, and industrial coatings.
The expansion of the construction industry stimulates the demand for paints and coatings, which influences the demand for NEOPENTYL GLYCOL. As global urbanization and infrastructure projects rise, so does the demand for long-lasting, high-quality coatings.
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Global Neopentyl Glycol (NPG) Market: Segmental and Market Share Analysis


Report Synopsis
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global neopentyl glycol (NPG) market include,
Some of the prominent players and suppliers operating and contributing significantly to the global neopentyl glycol (NPG) market growth include OXEA, BASF SE, LG Chem, Perstorp Group, Eastman Chemical Company, Mitsubishi Gas Chemical Company, Celanese among others.
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RationalStat has segmented the global neopentyl glycol (NPG) market based on type, application and region
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Key Questions Answered in the Neopentyl Glycol (NPG) Report:
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
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