Neopentyl polyhydric alcohols are normally includes six types of alcohols. These are noeopentyl glycol, pentaerythritol, trimethylolpropane (TMP), trimethylolethane (TME) and dimethylolpropionic acid. Polyhydric alcohols contain 2 to 6 carbon atoms and 2-3 hydroxyls in the molecule. The demand for Neopentyl polyhydric alcohols is directly proportional to the general economic conditions, since most of its downstream applications are connected to general economics. Neopentyl polyhydric alcohols are mostly used in construction, automotive and original equipments manufacturing in form of coatings and resins. Pentaerythritol is consumed to a large extent in architectural coatings applications. Automotive and baked product finishes of OEM parts is the major application segment for trimethylolpropane. Coatings applications is the major end-use application for trimethylolpropane. In order to balance costs and properties, coatings manufacturers often blend polyhydric alcohols for manufacturing coating resins. Trimethylolpropane and trimethylolethane are used as branching agents in polyester resin manufacturing.
With the recent growth in construction industry and automotive industry, the demand for Neopentyl polyhydric alcohols is expected to witness strong growth in the next few years. There has been a growth in construction activities particularly in Asia Pacific countries such as China, India, Indonesia etc. Also, the Middle East market has seen a surge in construction industry. Thus with strong growth of construction industry, the demand for neopentyl polyhydric alcohols is expected to grow on similar lines. Higher use of polyester resins for powder coatings has propelled the demand for neopentyl glycol in Europe. Neopently glycol is the preferred chemical in polyester resins for coating architectural aluminum. The use of neopentyl glycol for powder coating architectural aluminum is anticipated to be high in regions such as Brazil, Middle East, Australia, South Africa and Southeast Asia. The use of neopentyl glcycol is comparatively lower U.S than other regions because powder coatings for architectural aluminum is not used in large scale on buildings exposed to extreme weather conditions. Neopentyl glycol was one of the fastest growing Neopentyl polyhydric alcohols followed by pentaerythritol and trimethylolpropane. Asia Pacific is anticipated to be the demand driver for pentaerythritol in the next few years. The consumption of pentaerythritol for alkyd surface coatings is anticipated to grow in regions such as Western Europe and North America.
In terms of demand Asia Pacific was the largest consumer of neopentyl polyhydric alcohols followed by Europe North America and Rest of the World. In North America U.S was the largest market for neopentyl polyhydric alcohols followed by Mexico and Canada. This high demand for neopentyl polyhydric alcohols stems from the growing demand for personal care and oil and gas applications in this region. The demand for neopentyl polyhydric alcohols is also projected to witness strong growth in European countries such as Germany, France, U.K, Italy etc. on account of growing manufacturing sector in these countries. The demand for neopentyl polyhydric alcohols is also anticipated to witness strong growth in the Asia Pacific countries such as China, India, Indonesia etc. With growing industrial activities in these regions the demand for neopentyl polyhydric alcohols is also expected to grow on similar lines. The economic conditions of Brazil, Russia and South Africa are on similar track and hence the demand for neopentyl polyhydric alcohols is also projected to be high in these countries.
Some of the major companies operating in the global neopentyl polyhydric alcohols Perstorp Group, Lubrizol, Kuraray, and BASF SE market are among others.
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