Neopentyl glycol price index

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Neopentyl glycol price index

This post is a summary of the Neopentyl glycol price developments. The price developments of Neopentyl glycol are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Neopentyl glycol price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

The outlook for Neopentyl glycol prices, on the second tab, is generated from different inputs including:

• Very recent price developments of immediate cost drivers of Neopentyl glycol prices
• Recent price developments of underlying feedstocks which drive the price of Neopentyl glycol
• Market futures for both cost drives and feedstocks of Neopentyl glycol prices
• Adjustment of current supply/demand imbalances in the Neopentyl glycol market
• Longer term trends in likely demand conditions

Further information on the Neopentyl glycol price index

What is Neopentyl glycol

Neopentyl glycol (also known as 2,2-dimethyl-1,3-propanediol or NPG) is a chemical compound with the molecular formula C5H12O2. It is a clear, colorless liquid that is commonly used as a solvent and as a building block in the synthesis of various chemicals, such as plastics, resins, and coatings. It is also used as a plasticizer and an intermediate in the production of other chemicals. Neopentyl glycol is not very toxic and is generally considered to be safe for use in a variety of applications. It is flammable and should be handled with care.

How is Neopentyl glycol produced

Neopentyl glycol is produced through a chemical process known as the hydroformylation of isobutylene. This process involves the reaction of isobutylene with carbon monoxide and hydrogen in the presence of a catalyst, such as cobalt or rhodium. The reaction produces a mixture of products, including neopentyl glycol, which can be separated and purified through distillation. The yield of neopentyl glycol from this process can be as high as 95%.

Alternatively, neopentyl glycol can be synthesized from the reaction of formaldehyde with propylene oxide in the presence of an acid catalyst, such as sulfuric acid or hydrochloric acid. This process is known as the Reppe process.

Neopentyl glycol is also produced as a byproduct of the production of other chemicals, such as neopentyl alcohol, which is produced through the hydroformylation of propylene.

What is Neopentyl glycol used for

Neopentyl glycol is used in a variety of applications, including the following:

Solvent

Neopentyl glycol is used as a solvent in a number of chemical processes, such as the production of resins, coatings, and adhesives. It is also used as a solvent in the production of plastics, including polyvinyl chloride (PVC).

Plasticizer

Neopentyl glycol is used as a plasticizer in the production of plastics, such as PVC. It helps to improve the flexibility and durability of the plastic.

Intermediate

Neopentyl glycol is used as an intermediate in the production of a wide range of chemicals, including resins, coatings, and plastics.

Other uses

Neopentyl glycol is also used in the production of personal care products, such as hair dyes and shampoos, and in the production of lubricants and coolants. It is also used as a fuel additive to improve the performance and combustion of gasoline.

Further reading

• PubChem for chemistry and property  information
• Wikipedia

Neopentyl glycol market information

It is difficult to determine the size of the neopentyl glycol market with precision, as the market for this chemical is influenced by a variety of factors, such as economic conditions, demand for its end-use products, and competition from other chemicals.

However, neopentyl glycol is a widely used chemical, and it is likely that the market for this compound is significant. It is used in a variety of applications, including the production of resins, coatings, plastics, personal care products, and lubricants, and it is an intermediate in the production of other chemicals.

The demand for neopentyl glycol may also be influenced by trends in the industries that use it, such as the construction and automotive industries. In addition, the development of new technologies and applications for neopentyl glycol could also impact the size of the market.

According to https://oec.world/ :

Other unsaturated polyesters are the world’s 1114th most traded product.

In 2020, the top exporters of Other unsaturated polyesters were Italy ($343M), United States ($221M), France ($216M), Germany ($134M), and Chinese Taipei ($132M).

In 2020, the top importers of Other unsaturated polyesters were Germany ($249M), Vietnam ($127M), Poland ($126M), Spain ($119M), and United States ($113M).

Where does the data come from?

• The source of the data are exclusively public non-confidential sources. We have no access to primary data
• This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
• The data is a combination of contract and spot pricing
• Our algorithms are set up to eliminate significant product mix impact on the reported price
• We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
• The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
• For most indexes we have multiple sources and we focus on using statistically-correlated sources
• As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
• We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
• The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
• The data is presented in US$. The UOM of measure is shown in the Index list table
• Our automated software and we do our best to create an accurate representation of the trend

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• We assume no responsibility or liability for any errors or omissions in the content of this site.
• The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
• By their nature, outlooks are always uncertain

How often do we update the data?

• We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
• The data for the current month and recent history are fine-tuned over time.

What are we doing to improve the data?

• We are continually improving our data collection and processing methods
• Pricing data will be updated from time to time as we improve the accuracy
• We are reviewing all data sources in the first half of 2024.
  • There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
  • The key focus in 2024 is to add many additional indexes

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