BASF: price of neopentyl glycol and 1,6-hexanediol
The chemical company cites the global supply and demand situation as well as increased raw material costs as reasons to the adjustments.
Neopentyl glycol is applied as a chemical intermediate to the production of polyester resins to coatings, unsaturated polyester resins, lubricants and plasticizers, among others.
1,6-Hexanediol is applied, among other things, in the production of manufacturing coatings, including formulations with a reduced content of VOCs (VOCs), as well as polyurethanes, adhesives and makeup. In addition, the material is applied as a reactive thinner in epoxy systems. Such systems are applied, to instance, in components to lightweight construction applications in the automotive sector.
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