Neopentyl Glycol Prices, Trend & Forecasts | Provided by Procurement Resource

Product Name - Neopentyl Glycol
HS Code - 39079120
Molecular Weight - 104.148 g/mol
Chemical Formula - C5H12O2
Synonyms - 2,2-Dimethylpropane-1,3-diol, 2,2-Dimethyl-1,3-propanediol

Region/Countries for which Data is available

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco

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Neopentyl glycol, commonly known as 2,2-dimethylpropane-1,3-diol, is an organic chemical substance. Neopentyl glycol improves the polyester product's resistance to heat, light, and water when used in the manufacturing process. The molecular weight of neopentyl glycol is 104.148 g/mol.

It is possible to create synthetic lubricating esters that have a lower oxidation or hydrolysis potential than natural esters by esterifying fatty or carboxylic acids. Neopentyl glycol is produced on a large scale using the Aldol process, in which two carbonyl compounds are combined to form Aldol. This results in the intermediate hydroxypivaldehyde, which can be converted to neopentyl glycol by palladium on carbon hydrogenation process or a Cannizzaro reaction with formaldehyde.

The neopentyl glycol-producing countries are South Korea, Japan, the United States, Brazil, and Sweden.

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Key Details About the Neopentyl Glycol Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Neopentyl Glycol price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Neopentyl Glycol Price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Neopentyl Glycol Price Trend:

The Neopentyl Glycol price trend is influenced by its industrial applications which includes the production of polyesters as it enhances the stability of the product towards water, light, and heat. It is also employed in paints, insulation, materials, and lubricants.

Key Market Players:

BASF SE
Eastman Chemical Company
MITSUBISHI GAS CHEMICAL COMPANY, INC.
Wanhua Chemical Group Co., Ltd.
OXEA GmbH
TCI Chemicals (India) Pvt. Ltd.
LG Chem Ltd.

News and Events:

October 01, 2021: Neopentyl glycol (NPG) and propionic acid (PA) are now available from BASF with a cradle-to-gate product carbon footprint (PCF1) of zero2 for the first time. The products, marketed under the names "NPG ZeroPCF" and "PA ZeroPCF," are manufactured at BASF's Ludwigshafen Verbund facility in Germany. By utilising renewable raw materials in its distinctive Verbund manufacturing system and utilising the biomass balance (BMB) approach, BASF achieves zero PCF for NPG and PA. Additionally, BASF uses renewable energy for the manufacture of NPG.

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