Neopentyl Glycol (C5H12O2) is an organic, colorless, white, crystalline solid compound. It comprises 5 Carbon, 12 Hydrogen, and 2 Oxygen atoms. Formaldehyde and Isobutyraldehyde undergo aldol reactions on a large scale to produce Neopentyl Glycol industrially. It is also known as Dimethylolpropane, which is hygroscopic in nature. The boiling and melting point measures around 208° C and 128° C, respectively. The compound is mainly used to manufacture Lubricants, polyesters, and paints.
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The key importing countries for Neopentyl Glycol are India, the United States, and Brazil. On the other hand, the key exporting countries include South Korea, Japan, and the United States.
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 Trends, including India Neopentyl Glycol price, USA Neopentyl Glycol price, 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:
Neopentyl Glycol is used as a formulation enhancer and thickener used in manufacturing cosmetics. When used in manufacturing cosmetics, it helps in spreadability. It is beneficial for products that are meant to cover larger areas of the skin. The compound synthesizes various materials like polyesters, lubricants, paints, etc. It is often referred to as a plasticizer in the plastic manufacturing industry. All the mentioned products are incorporated to develop heat, water, and light stability.
Moreover, reactions with carboxylic acid or fatty acids can produce synthetic lubricating ester, which is better than natural esters as it has reduced potential for oxidation and hydrolysis. Neopentyl Glycol is used in making grease, synthetic oil, hydraulic fluids, and much more.
Key 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 & Recent Development
- Date: November 7, 2023– A German chemical giant BASF has invested in building a new world-scale Neopentyl Plant at the Verbund site in Zhanjiang. The plant has an annual production capacity of 80,000 tonnes.
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