Polyalkylene Glycol Market 2018 to 2023 Booming Trends, Share, Growth & Forecast

Posted by Priya on June 19th, 2018

Polyalkylene Glycol Market Overview

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.

Key Players:

Some of the prominent players operating in the Global Polyalkylene Glycol Market are BASF SE (Germany), The Dow Chemical Company (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),and Huntsman International LLC (U.S.) among others.

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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

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.

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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.