1 | P a g e Neopentyl Glycol Market Share to exceed $1.5bn by 2025 N eopentyl glycol consumption has witness ed considerable expansion over the years due to the increasing use of powder coatings in crucial industries such as aerospace, automotive, cons truction , and electronics. The product is extensively used in powder coating resins as an alternative to traditional resins solu tions due to low VOC emission levels and improved durability providing support to the product demand. Major features of the product such as low cost of processing , enhanced environmental performance , and low consumption of energy is supporting its use. Ri sing environmental concerns across the globe is driving the governments to adopt str ict regulations regarding chemical processing and VOC emission standards. Market players are constantly aiming at improving the quality of the products to comply with the p revailing laws a long with achieving competitive advantage. Key n eopentyl glycol manufacturers include BASF, OXEA, Mitsubishi Gas Chemical, Wanhua Chemical Group , and Perst or p AB among various others. Many companies are entering into strategic alliances and mergers to improve their production capacity and carry out technological advancements. For instance, in August 2019, Eastman Chemical Company declared a collab oration agreement with NC State University and the University of North Carolina to carry out research, promising US $ 10 million towards the partnership over a period of six years to ensure the growth of the firm. Increase i n construction of buildings The c onstruction industry has witnessed considerable growth over the years as a result of heavy investment s made by the government and private companies towards residential construction. Major factors supplementing the demand for the product in construction add itives and insulation includes improved insulation, resistance from corrosion , and durability. Higher demand for insulating building materials due to the increasing cost of energy and the rising global pollution levels due to the use of fuels in various i ndustries will magnify the product outlook where it can offer improved performance Urbanization in Asia Pacific region In terms of the regional expanse, Asia Pacific has witnessed rapid urbanization and industrialization over the past decade . As per reports, Asia Pacific neopentyl glycol market size was likely to register CAGR of more than 7.5% through 2025. In rural regions of countries like China, Indonesia , and India due to the increased penetration of the internet , there has been a consequent rise in the use of electronic appliance s. Neopentyl glycol is wide ly used in electronic items due to their greater thermal and mechanical stabil ity as well as fire safety. Measures taken by the governments to boost the economy will provide greater growth opportunities to the neopentyl glycol manufacturers. As compared to previous years, the purchasing power among people has considerably improved over due to the economic growth in both developed and developing nations. This improvement had driven the demand for automobiles over the years Apparently, automotive parts and insulation held the 2 | P a g e highest share in the application segment of neopentyl glyc ol and was anticipated to contribute more than US $ 300 million by the end of 2025 towards the industry revenues. Use of the product in automobiles Automobile manufacturers are constantly aiming at reducing the weight of the vehicle by deploying advanced co mposites, efficient electronics , and high strength materials. This help s in improving fuel efficiency, reducing the carbon emission levels as well as supports the demand for the product. Br owse Full Report Description @ https://www.gminsights.com/industry - analysis/neopentyl - glycol - market Strict rules established by the governments to reduce the VOC emission levels is driving the use of the product in various solvents such as water, ethanol, diethyl ether, chloroform , and benzene will also complement the use of neopentyl glycol in the manufacturing of protective coatings. In a nutshell, continuous support from the government by introducing revised policies and regulations will impact global neopentyl glycol industry prospects. Report Content Chapter 1 Methodology & Scope 1.1 Research methodology 1.1.1 Initial data exploration 1.1.2 Statistical model and forecast 1.1.3 Industry insights and validation 1.1.4 Definitions 1.1.5 Assumptions, scope & forecast parameters 1.2 Data sources 1.2.1 Paid sources 1.2.2 Secondary Sources 1.2.3 Primary Sources Chapter 2 Executive Summary 2.1 Neopentyl glycol industry 36 0 0 synopsis, 2013 - 2025 2.1.1 Business trends 2.1.2 Type trends 2.1.3 Application trends 2.1.4 Regional trends Chapter 3 Neopentyl Glycol Industry Insights Table of Content (TOC - ) 3 | P a g e 3.1 Industry segmentation 3.2 Industry landscape, 2013 – 2025 3.3 Industry ecosystem analysis 3.3.1 Raw material suppliers 3.3.2 Manufacturers 3.3.3 Suppliers & distributors 3.3.4 End users 3.3.5 Profit margin a nalysis 3.3.6 Distribution channel analysis 3.3.7 Vendor matrix Continued.... 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