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BrazilIn Q1 2025, Neopentyl Glycol (NPG) prices rebounded slightly by 2.86%, reaching USD 1366/MT. The recovery was supported by renewed procurement activity after the Lunar New Year holidays, particularly from the polyester resin and automotive coatings sectors. Rising feedstock costs and slightly lower plant operating rates in early January helped support firmer offers. Additionally, expectations of stronger demand in the upcoming quarters led some buyers to engage in early restocking. However, overall price gains remained moderate as market participants remained cautious amid global economic uncertainties and conservative production planning.
Prices declined by 6.74% in Q4 2024, dropping to USD 1328/MT, reversing the gains of the prior two quarters. The decrease was largely driven by seasonal demand softening, particularly in construction-related applications. Many downstream manufacturers curtailed production in December due to year-end shutdowns and holiday slowdowns. Meanwhile, feedstock prices fell amid easing oil and petrochemical markets, lowering production costs and putting downward pressure on market sentiment. Export orders also slowed due to global economic headwinds, resulting in higher inventory levels and prompting suppliers to reduce prices to stimulate offtake.
Neopentyl Glycol (NPG) prices continued to rise in Q3 2024, albeit at a slower pace of 2.08%, settling at USD 1424/MT. Demand from the paints and coatings sector remained strong due to ongoing infrastructure projects and appliance manufacturing. However, the pace of price increases moderated due to improved supply-side stability, as most plants returned to full operating rates. Feedstock markets also remained relatively balanced, preventing any sharp cost escalations. Although buying momentum was steady, some resistance was observed among downstream users due to high inventory levels carried over from the previous quarter.
In Q2 2024, NPG (Neopentyl Glycol) prices saw a more pronounced increase of 5.52%, climbing to USD 1395/MT. The price surge was primarily supported by improved seasonal demand from the construction and automotive coatings sectors. Warmer weather boosted consumption of polyester resins and powder coatings, driving greater offtake from NPG suppliers. Additionally, tightening availability of key feedstocks and temporary production slowdowns at select facilities due to maintenance activities led to firmer market conditions. Export demand also picked up, especially from South Asia and the Middle East, contributing to a stronger pricing environment.
Prices edged up by 1.46% in Q1 2024, reaching USD 1322/MT, driven by restocking activity following the Chinese New Year holiday period. Production resumed across several sectors, particularly alkyd and polyester resin manufacturing, which utilize NPG as a key input. However, the price increase remained modest due to lingering macroeconomic concerns and fluctuating export demand. Supply remained uninterrupted, with domestic producers operating at normal levels. A brief uptick in upstream costs also contributed to the mild price rise, though downstream buyers remained price-sensitive in their procurement strategies.
NPG (Neopentyl Glycol) prices rebounded in Q1 2025, with India Ex prices increasing sharply by 10.98% to USD 1637/MT and CIF China prices also rising by 5.46% to USD 1486/MT. The recovery was driven by a strong restocking wave post-holidays and increased activity in resin and coating segments with the start of new construction projects. Rising raw material costs and limited early-quarter availability—especially from Chinese exporters still catching up after the Lunar New Year—further supported the upward price trajectory. Additionally, higher freight rates and strong domestic consumption gave Indian suppliers the confidence to push up Ex-Works offers significantly.
Prices saw a notable correction in Q4 2024, with India Ex prices falling by 7.23% to USD 1475/MT and CIF prices declining by 6.50% to USD 1409/MT. The drop was mainly driven by reduced demand in the final quarter, as industrial output typically tapers off due to winter seasonality, year-end slowdowns, and holiday-related plant closures. Additionally, a softening in feedstock prices and reduced global freight congestion contributed to the downward pressure. The influx of competitively priced Chinese imports also limited domestic suppliers’ pricing flexibility, leading to a more pronounced market correction.
In Q3 2024, Neopentyl Glycol (NPG) prices experienced mixed movement. India Ex prices declined by 2.93% to USD 1590/MT, while CIF prices rose slightly by 1.34% to USD 1507/MT. The correction in domestic prices was driven by softened buying activity and inventory adjustments following a strong Q2. Some downstream users, particularly in the paint and coatings sector, adopted a cautious procurement approach amid high stock levels. In contrast, the minor increase in CIF prices was attributed to elevated shipping rates and supply constraints from a few Chinese suppliers dealing with logistical disruptions. Despite this, import volumes remained sufficient to balance the market.
Neopentyl Glycol (NPG) prices continued to strengthen in Q2 2024, with India Ex prices climbing by 3.15% to USD 1638/MT and CIF prices increasing by 7.29% to USD 1487/MT. The increase was largely fuelled by strong seasonal demand for polyester resins and coatings, particularly from the construction and electronics industries. Rising freight costs and limited availability from select Chinese exporters contributed to higher CIF offers, narrowing the price gap between imports and domestic supply. Indian producers responded to the strong downstream pull by moderately raising prices, supported by healthy order volumes and a stable cost environment.
Prices in Q1 2024 saw a marginal increase, with India Ex prices rising by 2.98% to USD 1588/MT and CIF China prices increasing by 2.97% to USD 1386/MT. The post-winter restocking trend and resumption of production activity after the holiday season fuelled moderate buying interest across resins and coating industries. Additionally, stable upstream pricing for raw materials like isobutyraldehyde and pentaerythritol contributed to a steady cost environment. The Indian market also saw a slight improvement in sentiment due to increased infrastructure-related demand, while import prices rose in response to slightly tighter supply from East Asian producers undergoing maintenance.
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These events underscore the NPG market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable NPG pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
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Synthesized from formaldehyde and isobutyraldehyde, both derived from petrochemical sources, Neopentyl Glycol (NPG) is a high-performance diol renowned for its exceptional chemical resistance, thermal stability, and low reactivity. These properties make NPG an ideal building block to produce a wide range of polymers, including polyesters, alkyd resins, and unsaturated polyesters.
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Purity (%) | 99 min. |
| Appearance | White crystalline flakes |
| Moisture content (KF, w%) | 1 max. |
| Acidity (%) | 0.1 max. |
| Chroma (50% aqueous solution, Hazen) | 15 max. |
Applications
Neopentyl Glycol (NPG) is used in automotive and industrial coatings for its durability and chemical resistance. It is key in making resins, adhesives, and sealants, enhancing their performance. NPG is also used in lubricants, pharmaceuticals, cosmetics, textiles, and pesticides, where it improves stability, texture, and effectiveness.
Several factors drive price changes in the Neopentyl Glycol (NPG) market, including fluctuations in raw material costs, particularly formaldehyde and isobutyraldehyde. Variability in crude oil prices also influences production expenses. Additionally, shifts in demand from key industries such as coatings, resins, and plastics, as well as supply chain disruptions, trade policies, and regulatory changes, contribute to price volatility. Keeping track of these elements helps procurement teams manage cost risks effectively.
The balance between global production capacity and market demand plays a major role in determining NPG prices. An increase in manufacturing capacity, particularly in high-production regions like China, can lead to competitive pricing. On the other hand, unexpected plant shutdowns, supply shortages, or regulatory constraints can create supply tightness, driving prices upward. Monitoring production trends helps businesses anticipate cost shifts and secure stable supply contracts.
Trade tariffs, import/export restrictions, and regional environmental regulations can significantly impact Neopentyl Glycol pricing. Additionally, logistics expenses, including freight charges and supply chain disruptions, vary across regions and affect the total procurement cost. Businesses sourcing NPG internationally should consider factors such as duties, shipping reliability, and lead times to optimize their purchasing strategy.
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