Neopentyl Glycol Market| BASF SE (Germany), Celanese Corporation (U.S.), Eastman Chemical Company (U.S.)
Neopentyl Glycol Market Neopentyl glycol, also known as Dimethylolpropan, is a hydroscopic crystalline organic chemical compound, colorless-to-white in color. Neopentyl glycol is industrially synthesized by the aldol reaction of formaldehyde and isobutyraldehyde, which results in formation of intermediate hydroxypivaldehyde. This can be converted to neopentyl glycol through catalytic hydrogenation of aldehyde group to an alcohol group. The major driver for global Neopentyl Glycol Market is the increasing use of neopentyl glycol as a base resin for coatings, hydraulic fuels, greases, and aircraft engine lubricant. Resistance to oxidation, non-polar chemical nature, and enhanced stability towards heat, light, and water are some of the superior properties it possess. Neopentyl glycol is soluble in water, benzene, chloroform, ethanol, and diethyl ether. Furthermore, its demand is increasing due to its growing use as a chemical intermediate for the synthesis of resins, polyester...