Global Polyalkylene Glycol Market By Type (Polyethylene Glycol, Polypropylene Glycol, Higher Polyols-Adducts, Others), Application (Lubricants, Functional fluids, Surfactants, Intermediates, Polyurethane Foam), End User (Personal Care Products, Pharmaceuticals, Surface Active Agents, Military, Automotive, Aerospace Industry), Solubility (Oil Soluble Polyalkylene Glycol, Mineral Oil Soluble Polyalkylene Glycol, Water Soluble Polyalkylene Glycol) – Industry Trends and Forecast to 2029.
Market Analysis and Size
Polyethylene glycol (PEG) is a non-ionic polymer that is widely used in polymer-based drug delivery and other bioactivities. Polyethylene glycol is being considered for pro-drug conjugation due to its high aqueous solubility. This esteem and use of PEGlycation technology in biotechnological and pharmaceutical applications has resulted in numerous advances in the medical field.
Data Bridge Market Research analyses that the polyalkylene glycol market to grow at a CAGR of 11.40% during the forecast period. Data Bridge Market Research report on Polyalkylene Glycol market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. The polyalkylene glycol market report examines the current growth, which is attributed to the focus of various airlines, defence, personal care products, and pharmaceuticals with modern variants.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Forecast Period
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2022 - 2029
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Polyethylene Glycol, Polypropylene Glycol, Higher Polyols-Adducts, Others), Application (Lubricants, Functional fluids, Surfactants, Intermediates, Polyurethane Foam), End User (Personal Care Products, Pharmaceuticals, Surface Active Agents, Military, Automotive, Aerospace Industry), Solubility (Oil Soluble Polyalkylene Glycol, Mineral Oil Soluble Polyalkylene Glycol, Water Soluble Polyalkylene Glycol)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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BASF SE (Germany), Dow (U.S.), INEOS( Switzerland), SABIC (Saudi Arabia), LyondellBasell Industries Holdings B.V.( the Netherlands), DuPont (U.S.), Royal Dutch Shell plc ( the Netherlands), Bayer AG (Germany), Clariant ( Switzerland), Huntsman International LLC (U.S.)
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Market Definition
Polyalkylene glycol is a constituent of hydrofluoric carbons derived from ethylene or propylene oxides. It is a highly reliable element that has been approved by the FDA for use in food additives. They are widely used as lubricants in the military, automotive, and aerospace industries, as well as in pharmaceuticals and the drug industry.
Polyalkylene Glycol Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Growing application in various different industries
For its deep rooted vastness in the industries of personal care products, pharmaceuticals, military, and aerospace, polyalkylene glycol demand is expected to accelerate in the anticipated phase of 2022 to 2029
Good water solubility and various other advantages
The use of the same as a lubricant is thriving in industrial applications, tunnel borings, and turbine lubricants. This factor is propelling the polyalkylene glycol market forward. Polyalkylene glycol's overall advantages, such as good water solubility, best as a lubricant, and FDA approval to use for food additives, are determining the growth parameters of the polyalkylene glycol market in the forecasted period.
Restraints
Uncertainty in market prices and fluctuations in raw ingredients can stymie market growth. Because of the fierce competition between local and emerging players, substitutes are readily available. These factors may limit the growth of the polyalkylene glycol market.
This polyalkylene glycol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polyalkylene glycol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Polyalkylene Glycol Market
Due to the increased consumer awareness during the pandemic, demand for personal hygiene and homecare products is expected to rise. The pandemic has made consumers more aware of the importance of personal and household hygiene in order to reduce the risk of infection. Personal care products are expected to see an increase in demand as a result of this In terms of output, foreign exchange earnings, and employment, the textiles and apparel industry is one of the largest and most important sectors for the economy. The COVID-19 pandemic is expected to have the greatest impact on exports. Furthermore, new store openings have ceased, and domestic retailers are facing an inventory shortage due to a buildup of buffer stock.
Recent Development
- In 2018, the global polyalkylene glycol market was consolidated, with the top five manufacturers - The Dow Chemical Company, Covestro AG, LyondellBasell Industries Holding B.V., BASF SE, and Royal Dutch Shell plc - accounting for more than 52 percent of the market share.
- Dow Chemical Company products are manufactured at 164 sites in 35 countries, and the company produces over 7,000 products worldwide. Polyether polyols, polyethylene glycol, and polypropylene glycol are produced by the company for a variety of end-use industries.
- Bayer Material Science, a subsidiary of Covestro AG, produces high performance isocyanates and polyether polyols used in the production of polyurethane and polyurea systems. The company is a major player in the polyalkylene glycol market, with a diverse product portfolio suitable for a wide range of applications.
Global Polyalkylene Glycol Market Scope
The Polyalkylene Glycol market is segmented on the basis of type, application, end user and solubility. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polyethylene glycol
- polypropylene glycol
- higher polyols-adducts
- others
On the basis of type, the polyalkylene glycol market is segmented into polyethylene glycol, polypropylene glycol, higher polyols-adducts, and others.
Solubility
- oil soluble polyalkylene glycol
- mineral oil soluble polyalkylene glycol
- water soluble polyalkylene glycol
On the basis of solubility, the polyalkylene glycol market is fragmented into oil soluble polyalkylene glycol, mineral oil soluble polyalkylene glycol, and water soluble polyalkylene glycol.
Application
- lubricants
- functional fluids
- surfactants
- intermediates
- polyurethane foam
On the basis of application, the polyalkylene glycol market is bifurcated into lubricants, functional fluids, surfactants, intermediates, and polyurethane foam. Lubricants are further sub-segmented into automotive oils, hydraulic fluids, metalworking fluids, and others.
End user
- personal care products
- pharmaceuticals
- surface active agents
- military
- automotive
- aerospace industry
On the basis of end user, the polyalkylene glycol market is divided into personal care products, pharmaceuticals, surface active agents, military, automotive, and aerospace industry.
Polyalkylene Glycol Market Regional Analysis/Insights
The polyalkylene glycol market is analysed and market size insights and trends are provided by country type, application, end user and solubility as referenced above.
The countries covered in the polyalkylene glycol market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
In the global polyalkylene glycol market, Asia-Pacific has the largest market share. Product opportunities in the Asia-Pacific personal care, pharmaceuticals, construction, automotive, and aerospace industries are expected to create profitable opportunities for the polyalkylene glycol market. Population growth in China and India, combined with rapid industrialization and urbanisation, has resulted in the development of the construction industry, which increases demand for polyalkylene foam and drives industry growth. Polyalkylene glycol-based lubricants are widely used in the automotive industry. Engine oils, gear oils, bearing oils, compressor oils, grease, heat transfer fluids, transmission fluids, and metalworking fluids all contain these lubricants. Furthermore, the polyalkylene glycol market is being driven by an increase in demand from the automotive sector.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyalkylene Glycol Market Share Analysis
The polyalkylene glycol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyalkylene glycol market.
Some of the major players operating in the polyalkylene glycol market are:
- BASF SE (Germany)
- Dow (U.S.)
- INEOS( Switzerland)
- SABIC (Saudi Arabia)
- LyondellBasell Industries Holdings B.V.( the Netherlands)
- DuPont (U.S.)
- Royal Dutch Shell plc ( the Netherlands)
- Bayer AG ( Germany)
- Clariant ( Switzerland)
- Huntsman International LLC (U.S.).
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