Neopentyl Glycol Price Chart, Historical and Forecast Analysis Provided by Procurement Resource
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 chart, 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:
The Neopentyl Glycol Price Trend and Index showcase its significance as a formulation enhancer and thickener within the cosmetics manufacturing industry. Neopentyl Glycol enhances spreadability in cosmetics, particularly in products designed for larger skin areas. Its versatile nature extends to synthesizing polyesters, lubricants, and paints, serving as a plasticizer in the plastic manufacturing sector. These applications ensure heat, water, and light stability in various products.
Furthermore, Neopentyl Glycol reacts with carboxylic or fatty acids to produce synthetic lubricating esters, boasting superior resistance to oxidation and hydrolysis compared to natural esters. Its utilization spans across the production of grease, synthetic oil, hydraulic fluids, and more, underscoring its pivotal role in diverse industrial applications. The Neopentyl Glycol Price Trend and Index reflect its dynamic presence in the market.
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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