Neopentyl Glycol Price Trend

For the First Quarter of 2022


In Q1 2022, there was a rise in Neopentyl Glycol (NPG) price to 2580 USD/MT FOB-Qingdao at the conclusion of the quarter in China, owing to a change of 3.8 percent as compared to the past quarter. Freight rates have also increased significantly in Japan and South Korea as a result of the ongoing conflict between Russia and Ukraine. Stable demand from downstream sectors resulted in an increase in upstream value and an insufficient supply on the worldwide market. Due to a sharp increase in international pricing, dealers were able to boost their profits by increasing their offerings. Numerous manufacturing units extended their offerings to maintain their margins in the face of rising input costs.


Neopentyl glycol prices climbed in the first quarter of 2022, starting at 2390 USD/MT and eventually reaching 2610 USD/MT FOB Hamburg, owing to growing demand from both the local and foreign markets, as well as rising input costs. A price rise of 2.6% was noted from Q4 2021 to Q1 2022. When asked about shipments to Asia, domestic producers cited the scarcity of raw materials for another couple of weeks. Global inflationary pressures on market mood are exacerbated by high crude oil and soaring feedstock prices.

North America

In Q1 2022, North America observed a spike in neopentyl glycol prices owing to instability in the crude oil market, which has been influenced by the Russia-Ukraine war. Feedstock propylene and isobutyraldehyde prices also climbed with surging crude and natural gas prices. The spike in demand for downstream paints and coatings, dyes, and fillers and the halt of all activities between Russia and the USA during the conflict prompted the prices to grow stronger. A rise of 13.2 percent in Neopentyl Glycol in Q1 was noted in the USA as compared to the prices of the prior quarter, which covered up all the expenditures, including high freight rates and other shipment charges reaching up to 3011 USD/MT FOB Louisiana.

For the Fourth Quarter of 2021


In Q4 2021, the Asian market had a mixed outlook that differed by nation. In India, prices were influenced by excess supply and steady to declining demand. Thus, in the Indian market, NPG prices continued to decline in the third quarter, owing to ample supply and decreasing offtake from the downstream paints, coatings and construction sectors. Monthly average prices for NPG (99 percent) ex Mumbai reached at 8461.39 USD/MT in December, an increase of 4947.71 USD/MT from October.


In Europe, the NPG market saw an uptick in the third quarter of 2021, owing to the product's limited supply and increased demand from downstream producers. Imports from China were delayed, resulting in a scarcity of feedstock in the region, which inflated the price of the chemical. Neopentyl glycol prices remained high in this quarter due to strong feedstock offers and decreased production levels due to the energy crisis. As a result, Neopentyl Glycol FOB Hamburg prices in December were USD 2095/MT.

North America

In North America, the market had a decreasing trend in the fourth quarter of 2021, owing to abundant supply and steady to declining demand from downstream Paints and Coatings, Automotive, and Construction. Additionally, the decline in the price of the feedstock Formaldehyde led to the decline in the price of NPG during this time period. However, NPG prices increased somewhat by USD 40/MT from October to November, but then fell precipitously in December, owing to sluggish trading activity and reduced buying impetus associated with the end of the year. As a result, FOB Louisiana neopentyl glycol prices were determined to be USD 2610/MT, indicating a considerable decrease of around 5% from October.

For First, Second and Third Quarters of 2021


The Asia Pacific region's market was balanced to constrained in the first quarter of 2021. Cost pressures on regional customers were exacerbated further by rising raw material prices and worldwide inflation in NPG rates. In India, as a result of Covid's revival, market activity slowed, reducing domestic use of NPG as the wait-and-see attitude intensified in the first part of the quarter. Whereas in the Chinese market, despite rising building activity, offtakes remained stable.

The market continued to grow in Q3 of 2021, owing to continuous demand from downstream producers. In China, neopentyl glycol prices increased significantly during the quarter as a result of an unanticipated and exceptional power supply shortage that compelled firms to reduce production and strained the worldwide supply chain. Guangdong, China's southernmost province, has also been impacted by power shortages. Guangdong is a key industrial and maritime hub. In India, after gaining substantial value in July, August saw a modest increase in NPG price. Between July and September, neopentyl glycol prices increased from 2585 to 2929 USD/MT.


The European region's supply of NPG was constrained in the first quarter of 2021 due to a force majeure declaration by the BASF facility in Germany due to gas leakage difficulties that froze production levels indefinitely.

In the second quarter of 2021, the supply prognosis for NPG in the European market was very constrained, owing to the restricted availability of critical upstream goods, which resulted in decreased production rates in the first part of the quarter. In May, a key manufacturer, OQ chemical, completed a lengthy turnaround, easing supply by specified margins. Thus, Perstorp increased the price of NPG by 356 USD/MT in the second quarter of 2021, while the total pricing trend remained stable.

Supply prospects increased in the market during the third quarter of 2021. Price in Germany was assessed in September at 2105 USD/MT FOB Hamburg.

North America

In Q1 2021, the North American region's supply of NPG was constrained due to limited availability of upstream products whereas demand, on the other hand, remained robust due to consistent offtakes from the downstream coatings sector. BASF announced an increase in neopentyl glycol prices of 600 USD/MT in March, adding to the previous quarter's rise.

While its supply increased dramatically in the second quarter, the market outlook remained constrained due to NPG's restricted manufacturing operations. As a result, OQ Chemical increased their neopentyl glycol prices by 220 USD/MT in June. FOB Texas negotiations reached 1770 USD/MT in June.

During the third quarter of 2021, the NPG market displayed an upward trend. The FOB Texas price increased from 1890 USD/MT in early July to 2010 USD/MT at the month's end. BASF, the largest petrochemical firm in the world, hiked NPG prices in the region. Eastman also announced a price hike for NPG in North America beginning October 1, 2021.

For the Year 2020


Asian nations had a strong rebound from COVID 19 in Q4 2020, which boosted demand for NPG from a variety of downstream sectors. The price of the feedstock Formaldehyde increased from 147.5 USD/MT in October to 205.1 USD/MT in December. China also suffered a severe scarcity of the feedstock formaldehyde as a result of decreasing upstream methanol shipments from Iran, which influenced PEG pricing in China. In September 2020 BASF-YPC (a 50-50 joint venture between BASF and SINOPEC) extended the manufacturing capacity of neopentyl glycol at its state of art Verbund plant in Nanjing, Chinas. The new expansion was aimed at boosting the company's market position.


European countries were substantially impacted by the quick dissemination of new COVID 19, owing to the region's partial shutdown. Reduced Formaldehyde supply sustained its prices across the area, despite an increase in demand from the domestic market. BASF was heard increasing their NPG pricing twice in a quarter in Europe, owing to robust demand and supply constraints.

North America

North America had a rapid recovery in demand from both the industrial and home sectors during the fourth quarter of 2020. Demand for NPG increased significantly, despite the fact that supply remained constrained owing to the declaration of force majeure on numerous plants on the Gulf Coast in Q4 2020 due to a hurricane season. BASF boosted their NPG pricing in North America by 0.08 USD/MT in November 2020.

Procurement Resource Database

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Procurement Resource provides latest prices of Neopentyl Glycol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Chart Description:

Procurement Resource provides prices of Neopentyl Glycol for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About Neopentyl Glycol

2,2-dimethylpropane-1,3-diol also called Neopentyl glycol is an organic chemical compound. Polyesters, paints, lubricants, and plasticizers are synthesized using it. When employed in the production of polyesters, it increases the product's resistance to heat, light, and water. By esterifying fatty or carboxylic acids, synthetic lubricating esters having a lower oxidation or hydrolysis potential than natural esters may be synthesized.

Chemical formula:

  • C5H12O2

Molecular weight:

  • 104.148 g/mol


  • 2,2-Dimethylpropane-1,3-diol
  • 2,2-Dimethyl-1,3-propanediol


  • Paints & Coatings
  • Adhesives & Sealants
  • Lubricants
  • Plasticizers
  • Insulation Materials

Production processes:

  • Production of Neopentyl Glycol via Aldol Reaction

On commercial scale, NPG is manufactured through Aldol reaction, where two carbonyl compounds are joined to generate a product called Aldol. This produces the intermediate hydroxypivaldehyde, which can be transformed to neopentyl glycol by a Cannizzaro reaction with sufficient formaldehyde or via palladium on carbon hydrogenation.

Supplier Database:

  • Eastman Chemical Company
  • Wanhua Chemical Group Co., Ltd.
  • OXEA GmbH
  • TCI Chemicals (India) Pvt. Ltd.
  • LG Chem Ltd.

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Procurement Resource also provides the detailed production cost analysis of Neopentyl Glycol See more


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