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A leading producer cited surged demand and sharp gains on the raw material front as key drivers of the uptrend. However, demand remained healthy due to the constant offtakes from the downstream coatings sector. BASF in March announce increase in the prices of Neopentyl Glycol by USD 600/ton, adding on to the increases during last quarter.
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Neopentyl Glycol (NPG) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview Quarterly Update on Global Neopentyl Glycol (NPG) Market For the Quarter Ending March 2021 North America In Q1 2021, the supplies of Neopentyl Glycol (NPG) were constrained in the North American region, due to the limited availability of upstream products, as a result of the rigorous freeze weather conditions which hit the US Gulf region in mid-February, halting production at several producing belts throughout the region. Get more info: https://www.chemanalyst.com/Pricing-data/neopentyl-glycol- npg-1194
Neopentyl Glycol (NPG) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ A leading producer cited surged demand and sharp gains on the raw material front as key drivers of the uptrend. However, demand remained healthy due to the constant offtakes from the downstream coatings sector. BASF in March announce increase in the prices of Neopentyl Glycol by USD 600/ton, adding on to the increases during last quarter. Asia-Pacific (APAC) The Neopentyl Glycol market in Asia Pacific region was balanced to tight during the first quarter of 2021. Spot buyers started to replenish their inventories in early March after the plant outages during the Chinese Lunar New Year holidays in the northeast Asian region. The demand surge from the paints and coatings sector after the COVID vaccine rollout in the region improved the activities and offtakes. Surging raw material and global inflation in NPG rates further raised the cost pressure over regional buyers. Europe Supply of Neopentyl Glycol in the European region was tight during the first quarter of 2021, owing to the force majeure declared by the BASF plant in Germany, due to gas leakage issues which halted the production levels for indefinite period. The market tightness was exacerbated by skyrocketing shipping freight throughout the quarter. Demand from the downstream paints and coating sector surged from the automotive sector while buyers maintained a firm stance due to the lockdown imposed in several parts of European region.
Neopentyl Glycol (NPG) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Methodology ChemAnalyst gathers information through primary research surveys conducted with various Neopentyl Glycol (NPG) the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. manufacturers, spread across Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Neopentyl Glycol (NPG) market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe. Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Neopentyl Glycol (NPG) market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis. Finally, region-specific markets for Neopentyl Glycol (NPG) are analyzed and region-wise demand pattern is tracked.
Neopentyl Glycol (NPG) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ About Neopentyl Glycol (NPG) is an organic compound with appearance of white crystalline powder. It is soluble in water, benzene, ethanol, and other compounds. Neopentyl Glycol has a melting point of around 129°C, hence found solid at room temperature. On commercial scale NPG is manufactured by Aldol reaction, where two carbonyl compounds are combined to form a product called Aldol. In the process Isobutyraldehyde to form Neopentyl Glycol. Some of the qualities which makes it ideal for application across various downstream industries include extraordinary weather resistance, thermal stability, stain resistance, humidity resistance etc. Owing to these amazing properties it is widely used in adhesive, automotive, architectural, coil coating, textile, paints and coatings etc. Formaldehyde reacts with Product Specific Details CAS No.: 126-30-7; HS Code: 29053990; Packaging Size: 25 Kg Bag; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot Countries Covered: APAC – China, Japan, India, South Korea, Singapore Europe – Germany, France, Belgium America – USA, Brazil MEA – Saudi Arabia, UAE, South Africa
Neopentyl Glycol (NPG) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ How we can help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Neopentyl Glycol (NPG) Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ ChemAnalyst is ‘one stop’ online portal that offers comprehensive market intelligence data and in-depth analysis on the Global chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses. ChemAnalyst’s team of 100+ analysts are engaged in tracking Chemical Prices daily, production capacity, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decode the future. demand and supply outlook, ChemAnalyst is promoted by TechSci Research (TSR). TSR is a research- based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace Management, BFSI and more. & Defense, Water and Waste CHEMANALYST B-44, Sector -57, Noida, NationalCapital Region, UP, India201301 Tel:+91-120-4523900 E: sales@chemanalyst.com FOLLOW US:
