en.Wedoany.com Reported - Chemical company BASF announced that effective April 27, 2026, or as permitted by existing contract terms, it will increase the price of all grades and packaging specifications of neopentyl glycol products in the US and Canadian markets.

The price adjustment amounts to $0.10 per pound, equivalent to $220 per metric ton. BASF stated that this price adjustment has become necessary due to further increases in raw material costs, particularly the rise in prices of propylene and methanol.

Neopentyl glycol, a type of polyol, offers high chemical and thermal stability. It is primarily used as a basic raw material for producing polyester resins and alkyd resins, finding wide applications in coatings, plastics, lubricants, plasticizers, and pharmaceutical manufacturing. In powder coating applications, the product is used for coatings in the construction industry and household appliances. BASF markets its neopentyl glycol products under the NEOL® brand, with NEOL® being a registered trademark of BASF.

BASF did not provide any information beyond the raw material cost factor in its statement.

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