The global market for Neopentyl Glycol (NPG) was estimated to be worth US$ 1203 million in 2024 and is forecast to a readjusted size of US$ 1442 million by 2031 with a CAGR of 2.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Neopentyl Glycol (NPG) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Neopentyl Glycol (NPG) is a dihydric alcohol with the molecular formula C5H12O2, characterized by its neopentyl structure which imparts excellent hydrolytic stability, resistance to oxidation, and durability in polymer formulations. Owing to its two primary hydroxyl groups and branched carbon backbone, NPG is widely used as a key intermediate in the production of powder coatings, saturated and unsaturated polyester resins, alkyd resins, synthetic lubricants, and plasticizers. In 2024, global production of NPG reached approximately 1,202.54 kiloton, with an average global market price of around US$ 1,616 per ton. Its unique performance profile makes it particularly valuable in applications that require high weatherability, thermal resistance, and long service life, such as automotive coatings, construction materials, and electronic encapsulants.
The upstream production of NPG relies on key petrochemical feedstocks including formaldehyde and isobutyraldehyde, which are derived from methanol and propylene respectively. Stable access to these raw materials and integrated production facilities play a decisive role in ensuring cost competitiveness and supply reliability. Major global suppliers of NPG include Perstorp (Sweden), BASF (Germany), LG Chem (South Korea), Eastman (U.S.), Mitsubishi Chemical (Japan), as well as several rapidly growing Chinese companies such as Wanhua Chemical, Shenjian New Materials, Jiangsu Huachang Chemical, Zhanhua Yukai Materials, Binzhou Xinke Aode, Luxi Chemical, and Baichuan Shares.
Downstream, NPG's largest application is in powder coatings, with major customers including AkzoNobel, PPG, Sherwin-Williams, Nippon Paint, and Asian Paints, who require stable molecular weight distribution and purity to ensure consistent resin performance. In addition, polyester resin producers such as Allnex, Covestro, Synthomer, and Hexion procure significant volumes of NPG for both saturated and unsaturated polyester formulations. Buyers typically focus on three procurement characteristics: (1) long-term stability in supply contracts, especially with integrated producers like BASF and Wanhua to hedge against raw material volatility; (2) flexibility in shipment volumes to match coating and resin production cycles; and (3) sustainability attributes, with increasing preference for suppliers who invest in green chemistry or bio-based feedstock integration.
The global NPG market is currently experiencing a period of capacity expansion and heightened competition. On the supply side, Chinese producers such as Wanhua Chemical are pursuing large-scale, integrated expansion projects, with Wanhua planning to increase its NPG capacity to 190,000 tons per year through technical upgrades. Similarly, BASF's new 80,000 ton facility in Zhanjiang, China, is scheduled to come online in Q4 2025, signaling intensifying competition in both domestic and export markets. These investments demonstrate strong confidence in long-term demand, but also suggest that overcapacity risks may emerge as multiple large projects start operations simultaneously.
On the demand side, NPG consumption is closely tied to the performance of downstream industries such as real estate, infrastructure, automotive, and industrial coatings. However, with real estate investment growth and infrastructure spending showing signs of deceleration in key markets like China and Europe, demand growth for polyester resins and powder coatings is expected to remain moderate in the short to medium term. This imbalance between rapidly expanding supply and modest demand growth could lead to price pressure and margin compression for producers. Nevertheless, long-term opportunities exist in green coatings, waterborne systems, and high-performance resins for renewable energy and electronics, which are expected to gradually lift demand for specialty-grade NPG.
In summary, the NPG market is transitioning from a stable growth phase to a more competitive, supply-driven environment, where leading integrated producers such as BASF, Perstorp, LG Chem, and Wanhua Chemical will compete not only on scale but also on sustainability and innovation. Buyers will benefit from increased supply security and more competitive pricing, but producers must carefully manage overcapacity risks while exploring higher-value applications to sustain profitability.
This report aims to provide a comprehensive presentation of the global market for Neopentyl Glycol (NPG), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Neopentyl Glycol (NPG) by region & country, by Technology, and by Application.
The Neopentyl Glycol (NPG) market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Neopentyl Glycol (NPG).
Market Segmentation
By Company
- Perstorp
- Baichuan Group
- BASF
- LG Chem
- Eastman
- Mitsubishi Chemical
- Wanhua
- Shenjian
- Jiangsu Huachang
- Yukai New Material
- Xinkeode
- Luxi
Segment by Technology
- Disproportionation Method
- Hydrogenation Method
Segment by Application
- Polyester Powder Coatings
- Unsaturated Polyesters
- Alkyd Resins
- Polyurethanes
- Pharmaceutical Intermediates
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Neopentyl Glycol (NPG) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Technology, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Neopentyl Glycol (NPG) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Neopentyl Glycol (NPG) in country level. It provides sigmate data by Technology, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Neopentyl Glycol (NPG) Product Introduction
- 1.2 Global Neopentyl Glycol (NPG) Market Size Forecast
- 1.2.1 Global Neopentyl Glycol (NPG) Sales Value (2020-2031)
- 1.2.2 Global Neopentyl Glycol (NPG) Sales Volume (2020-2031)
- 1.2.3 Global Neopentyl Glycol (NPG) Sales Price (2020-2031)
- 1.3 Neopentyl Glycol (NPG) Market Trends & Drivers
- 1.3.1 Neopentyl Glycol (NPG) Industry Trends
- 1.3.2 Neopentyl Glycol (NPG) Market Drivers & Opportunity
- 1.3.3 Neopentyl Glycol (NPG) Market Challenges
- 1.3.4 Neopentyl Glycol (NPG) Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Neopentyl Glycol (NPG) Players Revenue Ranking (2024)
- 2.2 Global Neopentyl Glycol (NPG) Revenue by Company (2020-2025)
- 2.3 Global Neopentyl Glycol (NPG) Players Sales Volume Ranking (2024)
- 2.4 Global Neopentyl Glycol (NPG) Sales Volume by Company Players (2020-2025)
- 2.5 Global Neopentyl Glycol (NPG) Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Neopentyl Glycol (NPG) Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Neopentyl Glycol (NPG) Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Neopentyl Glycol (NPG)
- 2.9 Neopentyl Glycol (NPG) Market Competitive Analysis
- 2.9.1 Neopentyl Glycol (NPG) Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Neopentyl Glycol (NPG) Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Neopentyl Glycol (NPG) as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Technology
- 3.1 Introduction by Technology
- 3.1.1 Disproportionation Method
- 3.1.2 Hydrogenation Method
- 3.2 Global Neopentyl Glycol (NPG) Sales Value by Technology
- 3.2.1 Global Neopentyl Glycol (NPG) Sales Value by Technology (2020 VS 2024 VS 2031)
- 3.2.2 Global Neopentyl Glycol (NPG) Sales Value, by Technology (2020-2031)
- 3.2.3 Global Neopentyl Glycol (NPG) Sales Value, by Technology (%) (2020-2031)
- 3.3 Global Neopentyl Glycol (NPG) Sales Volume by Technology
- 3.3.1 Global Neopentyl Glycol (NPG) Sales Volume by Technology (2020 VS 2024 VS 2031)
- 3.3.2 Global Neopentyl Glycol (NPG) Sales Volume, by Technology (2020-2031)
- 3.3.3 Global Neopentyl Glycol (NPG) Sales Volume, by Technology (%) (2020-2031)
- 3.4 Global Neopentyl Glycol (NPG) Average Price by Technology (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Polyester Powder Coatings
- 4.1.2 Unsaturated Polyesters
- 4.1.3 Alkyd Resins
- 4.1.4 Polyurethanes
- 4.1.5 Pharmaceutical Intermediates
- 4.1.6 Others
- 4.2 Global Neopentyl Glycol (NPG) Sales Value by Application
- 4.2.1 Global Neopentyl Glycol (NPG) Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Neopentyl Glycol (NPG) Sales Value, by Application (2020-2031)
- 4.2.3 Global Neopentyl Glycol (NPG) Sales Value, by Application (%) (2020-2031)
- 4.3 Global Neopentyl Glycol (NPG) Sales Volume by Application
- 4.3.1 Global Neopentyl Glycol (NPG) Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Neopentyl Glycol (NPG) Sales Volume, by Application (2020-2031)
- 4.3.3 Global Neopentyl Glycol (NPG) Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Neopentyl Glycol (NPG) Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Neopentyl Glycol (NPG) Sales Value by Region
- 5.1.1 Global Neopentyl Glycol (NPG) Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Neopentyl Glycol (NPG) Sales Value by Region (2020-2025)
- 5.1.3 Global Neopentyl Glycol (NPG) Sales Value by Region (2026-2031)
- 5.1.4 Global Neopentyl Glycol (NPG) Sales Value by Region (%), (2020-2031)
- 5.2 Global Neopentyl Glycol (NPG) Sales Volume by Region
- 5.2.1 Global Neopentyl Glycol (NPG) Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Neopentyl Glycol (NPG) Sales Volume by Region (2020-2025)
- 5.2.3 Global Neopentyl Glycol (NPG) Sales Volume by Region (2026-2031)
- 5.2.4 Global Neopentyl Glycol (NPG) Sales Volume by Region (%), (2020-2031)
- 5.3 Global Neopentyl Glycol (NPG) Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 5.4.2 North America Neopentyl Glycol (NPG) Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 5.5.2 Europe Neopentyl Glycol (NPG) Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 5.6.2 Asia Pacific Neopentyl Glycol (NPG) Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 5.7.2 South America Neopentyl Glycol (NPG) Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Neopentyl Glycol (NPG) Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Neopentyl Glycol (NPG) Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Neopentyl Glycol (NPG) Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Neopentyl Glycol (NPG) Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 6.3.2 United States Neopentyl Glycol (NPG) Sales Value by Technology (%), 2024 VS 2031
- 6.3.3 United States Neopentyl Glycol (NPG) Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 6.4.2 Europe Neopentyl Glycol (NPG) Sales Value by Technology (%), 2024 VS 2031
- 6.4.3 Europe Neopentyl Glycol (NPG) Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 6.5.2 China Neopentyl Glycol (NPG) Sales Value by Technology (%), 2024 VS 2031
- 6.5.3 China Neopentyl Glycol (NPG) Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 6.6.2 Japan Neopentyl Glycol (NPG) Sales Value by Technology (%), 2024 VS 2031
- 6.6.3 Japan Neopentyl Glycol (NPG) Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 6.7.2 South Korea Neopentyl Glycol (NPG) Sales Value by Technology (%), 2024 VS 2031
- 6.7.3 South Korea Neopentyl Glycol (NPG) Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 6.8.2 Southeast Asia Neopentyl Glycol (NPG) Sales Value by Technology (%), 2024 VS 2031
- 6.8.3 Southeast Asia Neopentyl Glycol (NPG) Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Neopentyl Glycol (NPG) Sales Value, 2020-2031
- 6.9.2 India Neopentyl Glycol (NPG) Sales Value by Technology (%), 2024 VS 2031
- 6.9.3 India Neopentyl Glycol (NPG) Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Perstorp
- 7.1.1 Perstorp Company Information
- 7.1.2 Perstorp Introduction and Business Overview
- 7.1.3 Perstorp Neopentyl Glycol (NPG) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Perstorp Neopentyl Glycol (NPG) Product Offerings
- 7.1.5 Perstorp Recent Development
- 7.2 Baichuan Group
- 7.2.1 Baichuan Group Company Information
- 7.2.2 Baichuan Group Introduction and Business Overview
- 7.2.3 Baichuan Group Neopentyl Glycol (NPG) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Baichuan Group Neopentyl Glycol (NPG) Product Offerings
- 7.2.5 Baichuan Group Recent Development
- 7.3 BASF
- 7.3.1 BASF Company Information
- 7.3.2 BASF Introduction and Business Overview
- 7.3.3 BASF Neopentyl Glycol (NPG) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 BASF Neopentyl Glycol (NPG) Product Offerings
- 7.3.5 BASF Recent Development
- 7.4 LG Chem
- 7.4.1 LG Chem Company Information
- 7.4.2 LG Chem Introduction and Business Overview
- 7.4.3 LG Chem Neopentyl Glycol (NPG) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 LG Chem Neopentyl Glycol (NPG) Product Offerings
- 7.4.5 LG Chem Recent Development
- 7.5 Eastman
- 7.5.1 Eastman Company Information
- 7.5.2 Eastman Introduction and Business Overview
- 7.5.3 Eastman Neopentyl Glycol (NPG) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Eastman Neopentyl Glycol (NPG) Product Offerings
- 7.5.5 Eastman Recent Development
- 7.6 Mitsubishi Chemical
- 7.6.1 Mitsubishi Chemical Company Information
- 7.6.2 Mitsubishi Chemical Introduction and Business Overview
- 7.6.3 Mitsubishi Chemical Neopentyl Glycol (NPG) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Mitsubishi Chemical Neopentyl Glycol (NPG) Product Offerings
- 7.6.5 Mitsubishi Chemical Recent Development
- 7.7 Wanhua
- 7.7.1 Wanhua Company Information
- 7.7.2 Wanhua Introduction and Business Overview
- 7.7.3 Wanhua Neopentyl Glycol (NPG) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Wanhua Neopentyl Glycol (NPG) Product Offerings
- 7.7.5 Wanhua Recent Development
- 7.8 Shenjian
- 7.8.1 Shenjian Company Information
- 7.8.2 Shenjian Introduction and Business Overview
- 7.8.3 Shenjian Neopentyl Glycol (NPG) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Shenjian Neopentyl Glycol (NPG) Product Offerings
- 7.8.5 Shenjian Recent Development
- 7.9 Jiangsu Huachang
- 7.9.1 Jiangsu Huachang Company Information
- 7.9.2 Jiangsu Huachang Introduction and Business Overview
- 7.9.3 Jiangsu Huachang Neopentyl Glycol (NPG) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Jiangsu Huachang Neopentyl Glycol (NPG) Product Offerings
- 7.9.5 Jiangsu Huachang Recent Development
- 7.10 Yukai New Material
- 7.10.1 Yukai New Material Company Information
- 7.10.2 Yukai New Material Introduction and Business Overview
- 7.10.3 Yukai New Material Neopentyl Glycol (NPG) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Yukai New Material Neopentyl Glycol (NPG) Product Offerings
- 7.10.5 Yukai New Material Recent Development
- 7.11 Xinkeode
- 7.11.1 Xinkeode Company Information
- 7.11.2 Xinkeode Introduction and Business Overview
- 7.11.3 Xinkeode Neopentyl Glycol (NPG) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Xinkeode Neopentyl Glycol (NPG) Product Offerings
- 7.11.5 Xinkeode Recent Development
- 7.12 Luxi
- 7.12.1 Luxi Company Information
- 7.12.2 Luxi Introduction and Business Overview
- 7.12.3 Luxi Neopentyl Glycol (NPG) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Luxi Neopentyl Glycol (NPG) Product Offerings
- 7.12.5 Luxi Recent Development
8 Industry Chain Analysis
- 8.1 Neopentyl Glycol (NPG) Industrial Chain
- 8.2 Neopentyl Glycol (NPG) Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Neopentyl Glycol (NPG) Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Neopentyl Glycol (NPG) Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer