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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network Neopentyl Glycol Market to grow at 7% CAGR over 2019- 2025: Global Market Insights, Inc. Nitrogen Trifluoride (NF3) Market
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Surge in the demand for powder coatings in the electronics, construction, automotive and aerospace sector will drive neopentyl glycol market share in the forecast time period. The product will experience a significant demand owing to sturdy scope in powder coating resins, with enhanced durability and reduced VOC emission as compared to conventional resins.neopentyl glycol market Lower consumption of energy, low processing cost and enhanced environmental performance of neopentyl glycol will encourage product adoption and influence the industry growth. Strict regulations laid down by the government in association with VOC emission standards and chemical processing will help accelerate neopentyl glycol market size. Several companies involved in the industry’s competitive dynamics constantly seek to improve the product quality so that it could meet the existing rules & regulations present. Overview of Neopentyl Glycol Market
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Neopentyl glycol has been witnessing a rising demand as a chemical intermediate used in adhesives, alkyd resins, polycarbonate resins, synthetic lubricants, paints and polyesters which will encourage growth of neopentyl glycol industry share over the study period. Described below are few trends that will foster the steady consumption of neopentyl glycol over the coming years: Reduced processing cost as well as effortless availability of neopentyl glycol will lead to an escalated impetus to neopentyl glycol market forecast. Industry players will be reducing the cost of production and investing in newer technologies that will help them secure higher results, creating lucrative growth opportunities and gaining a competitive edge. For example, Jiangsu Kaimao Chemical Technology Co. Ltd. has reportedly created a one-step synthesis of neopentyl glycol that will help in the production of the product with purity and high stability, at lower cost. Continue…
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Research Report On Neopentyl Glycol Market @ https://bit.ly/2uBvwM6 Request for a sample of this research report @ https://bit.ly/2oKMuGI https://bit.ly/2oKMuGI com/request-toc/upcoming/1797
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Widely used in polyester, neopentyl glycol in the form of flakes is suited for the production of coil coatings, gel coats, reinforced plastics, stoving enamels, and powder coatings as well as in esters to produce synthetic lubricants by manufactures. Neopentyl glycol flakes market share is estimated to register a CAGR of more than 7% between 2019 to 2025. Flakes form neopentyl glycol is extremely easy to transport, store and handle which will escalate the sales of the product and foster neopentyl glycol industry size in the forthcoming years. Booming automotive production across the globe has strengthened the automotive sector and induced the demand for neopentyl glycol. Automotive parts/insulation segment accounted for a large revenue share in 2018 and is anticipated to raise more than USD 300 million by the year 2025. Continue…
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Strict regulations to curb carbon emissions along with the surging production of vehicles will encourage the manufacturers of automotive and transportation components for the adoption of polyester resins and powder coatings. They are used in the production of greases, fabrics and insulation that contains neopentyl glycol compounds. With a rapid increase in the environment-friendly electric vehicles due to growing awareness among consumers, from the rise in energy costs and depleting fossil fuel resources, will propel the industry growth. Asia Pacific is witnessing a robust growth in the automotive, electronics and construction sector which in turn will help boost the demand for various industrial products. Asia pacific neopentyl glycol market had accounted for more than 50% of the market share in 2018 in terms of volume, led by countries such as India, Japan and China. Continue…
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Rapid development in infrastructure with an increase in the consumer expenditure owing to rising disposable income at hand, as well as a promising economy in countries like Malaysia, Thailand, India and China will boost the industry size. Government regulations and policies favorable in the promotion of eco-friendly paints & coatings and plasticizers will induce product penetration in the region. Moreover, availability of raw materials at lower prices in the evolving macroeconomic dynamics will further expand neopentyl glycol market size. Continue…
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