Global Neopentane Market Overview:
Neopentane is a gaseous or highly flammable liquid hydrocarbon with low contents in natural gas and petroleum. It is an alkane containing five carbon atoms and is also known as 2,2-dimethylpropane. At normal temperature and pressure, neopentane is a flammable gas that, when compressed to greater pressure, can condense into a highly volatile liquid. Increasing demand for blowing agents from developing countries in different applications, and high growth in the global polymeric foams market are driving the market.
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Increase in Usage of Pentane in Fuel Blending and Formulation
Market Growth Drivers:
Increasing Demand for Blowing Agent from Developing Countries in Different Applications and High Growth in Global Polymeric Foams Market
Flammability of Neopentane
High Capital Investments
Increasing Use of Blowing Agents in the Construction, Automotive, And Appliance Industries and Shifting Preference towards Environment-Friendly Blowing Agent
Global neopentane is a consolidated market due to the presence of few players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are ExxonMobil Corporation (United States), SK Innovation Corporation (South Korea), INEOS AG (United States), Royal Dutch Shell PLC (United Kingdom), Yeochun NCC Corporation (South Korea), Maruzen Petrochemical (Japan), LG Chem Ltd (South Korea), TOP Solvent Corporation (Thailand), Phillips 66 Company (United States) and Haltermann Carless Ltd (United Kingdom). Considering Market by Function, the sub-segment i.e. Blowing Agent & Refrigerant will boost the Neopentane market. Considering Market by Distribution Channels, the sub-segment i.e. Manufacturers will boost the Neopentane market.
Latest Market Insights:
In December 2021, ExxonMobil Chemical Company had acquired California-based Materia, Inc., a technology company that has pioneered the development of a Nobel prize-winning technology for manufacturing a new class of materials. The innovative materials can be used in a number of applications, including wind turbine blades, electric vehicle parts, sustainable construction, and anticorrosive coatings.
In January 2022, ExxonMobil is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support services, to better support customers, enhance performance and grow value.
What Can be Explored with the Neopentane Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Neopentane Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Neopentane
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Neopentane market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Neopentane market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Neopentane Manufacturers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.