neopentyl glycol Pricing Assessment

Markets Covered:

China

Korea

United States

India

Indonesia

Turkey

Brazil

Neopentyl Glycol Price Trend, Analysis and Forecast

In Q1 2024, neopentyl glycol (NPG) prices saw a modest decline of approximately 1.5% compared to Q4 2023. While upstream cost pressures increased, the downstream demand for paints remained stable, contributing to a balanced market environment. Despite these factors, domestic market prices for NPG experienced a slight uptick during the first quarter.

In Q2 2024, NPG prices rose by approximately 5.5% compared to Q1 2024. This increase was driven by several key factors:

Robust Demand: The construction and coatings industries experienced strong demand, significantly boosting NPG consumption.

Supply Chain Constraints: Ongoing supply chain disruptions further tightened availability, contributing to upward price pressure.

Rising Production Costs: Higher production costs, including raw materials and energy, played a significant role in the price increase.

Seasonal Construction Activity: The seasonal surge in construction activity during Q2 added to the heightened demand for NPG, amplifying price gains.

In Q3 2024, market in Asia is likely to remain stable or even soften. Factors such as weaker demand in China and India, disrupted construction activities due to adverse weather, and seasonal slowdowns, particularly during the Mid-Autumn Festival in China, are expected to prevent significant price increases in these regions. Despite these divergent trends, global NPG prices may still face fluctuations as industries ramp up production ahead of peak seasons, coupled with lower inventories.

Looking ahead to Q4 2024 and beyond, the demand for Neopentyl Glycol (NPG) is likely to increase, the resurgence of automotive manufacturing is likely to increase the need for NPG, which is a key component in producing high-performance resins and coatings. In addition, seasonal factors, such as increased demand for durable goods and paints in colder months, could further support NPG consumption.

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is your trusted resource for tracking global neopentyl glycol price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the neopentyl glycol market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's neopentyl glycol price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in neopentyl glycol prices

2015-2016 Oil Price Decline: The significant drop in oil prices during this period affected many chemicals, including NPG, due to its dependence on petrochemical feedstocks. Lower oil prices led to decreased costs for raw materials, impacting NPG prices.
2018-2019 Trade Tensions and Tariffs: Trade tensions between major economies, particularly between the US and China, led to tariffs and trade restrictions. These trade issues affected the supply chain and pricing of chemicals, including NPG.
COVID-19 Pandemic: The pandemic caused disruptions in global supply chains and reduced industrial activity. The initial impact led to decreased demand and falling prices, followed by price volatility as industries began to recover.

These events underscore the NPG market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Methodology and Specifications

neopentyl glycol Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major NPG production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire NPG supply chain, from raw material availability (e.g., naphtha, ethane) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact NPG prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on NPG production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in NPG demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global NPG production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming NPG production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global NPG pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast NPG prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable NPG pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

104.148

CAS No

126-30-7

HS Code

29053920

Molecular Formula

C5H12O2

neopentyl glycol

Packaging Type

25 kg Bags

Grades Covered

Industrial Grade (>=99%purity)

Incoterms Used

FOB China, FOB South Korea, FOB USA, CIF India (Origin-China, South Korea), CIF Indonesia (Origin-South Korea), CIF Turkey (Origin-South Korea), Brazil (Origin-China, South Korea)

Synonym

2,2-Dimethyl-1,3-propanediol

Quotation Terms:

20-25 MT(Global), 10-15 MT(India)

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’s 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.

Disclaimer

Neopentyl Glycol price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for neopentyl glycol. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What market dynamics contribute to fluctuations in Neopentyl Glycol (NPG) prices? +

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.

How do production capacities and global supply levels affect Neopentyl Glycol pricing? +

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.

How do trade policies and transportation costs influence Neopentyl Glycol procurement? +

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.