Synopsis of Polyalkylene Glycol Market:
Polyalkylene Glycol is a polyether compound obtained in the form
of a wax-like substance, crystalline in nature. It is soluble in various
organic solvents such as benzene, chloroform, and others. Moreover, its
non-toxicity, wear resistance, long durability, and superior performance are
the important trends and factors influencing the market confidently. Therefore,
they are used in various applications such as polyurethane foam, functional
fluids, lubricants, personal care, pharmaceuticals, surface active agents, and others.
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Among the various segments
in Polyalkylene Glycol Market, the Polypropylene Glycol segment has witnessed a
significant growth due to its extensive use in numerous foams such as rigid,
spray and flexible. Due to its growing popularity, the manufacturers in various
countries have adopted this product to use it in automotive, construction, and
other industries. It is also used as aircraft de-icing fluid, and anti-freeze
agents in automotive industries. It is estimated that the sub-segment
Polyethylene Glycol is set to grow at a higher CAGR owing to its boundless use
as dispersing agents, solvents, ointments, tablets, and others. The growing
production of water-based paints, coatings, and its endless use in end-use
industries is set to drive the Polyethylene Glycol Market over the assessment
period. The market by application is segregated into polyurethane foam,
functional fluids, lubricants, personal care, pharmaceuticals, surface active
agents, and others. The polyurethane foam segment is projected to expand at a
significant rate due to extensive consumption of product as a lubricant,
coolants in automotive, industrial and aviation sectors. Moreover, the
increasing demand for lubricants in automobile engines, aircraft, marine, and
others are projected to drive the market due to its excellent performance and
bio-compatibility.
Segmental Analysis:
The Global Polyalkylene Glycol Market Analysis is segmented into the
product, and application. On the basis of product, the market is segregated
into polyethylene glycol, and polypropylene glycol segments. The market by
application is further categorized into polyurethane foam, functional fluids,
lubricants, personal care, pharmaceuticals, surface active agents, and others.
Key Players:
Ø BASF SE
Ø The Dow Chemical Company
Ø INEOS
Ø SABIC
Ø LyondellBasell Industries Holdings B.V.
Ø DuPont
Ø Royal Dutch Shell plc.
Ø Bayer AG
Ø Clariant
Ø Huntsman International LLC
Geographical Analysis:
The report covers brief analysis of the major geographic regions
namely Asia Pacific, Europe, North America, Latin America, and the Middle East
& Africa.
Intended Audience
- Polyalkylene
Glycol Market Manufacturers
- Traders and
Distributors of Polyalkylene Glycol Market
- Production
Process Industries
- Potential
Investors
- Raw Material
Suppliers
- Nationalized
Laboratory
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