With immediate effect, or as existing contracts permit, BASF is increasing the prices of the polyalcohols neopentylglycol (Neol) and 1,6-hexanediol (HDO) in Europe as follows:
Product: Neopentylglycol; Price Increase: EUR 250 per metric ton
Product: 1,6-Hexanediol; Price Increase: EUR 300 per metric ton
The price increase is driven by the global supply-demand situation and rising raw material costs. It is also necessary to support BASF’s ongoing commitment to providing the highest levels of product and service quality while supporting the continued growth of its customers.
Neopentylglycol (NPG) is a high-quality intermediate used, for example, to produce polyester resins for coatings, unsaturated polyester resins, lubricants and plasticizers.
1,6-Hexanediol (HDO) is used to manufacture industrial coatings including lower volatile organic compound formulations, polyurethanes, adhesives, and cosmetics. HDO also serves as a reactive thinner in the formulation of epoxy systems, which, for example, are used in the construction of components for automotive lightweight applications.
To identify growth opportunities in 1, 6-Hexanediol Market Report: Trends, Forecast and Competitive Analysis to 2031, please visit https://www.lucintel.com/1-6-hexanediol-market.aspx
