The polyalkylene glycol is a common name for the homopolymers or copolymers of ethylene oxide, propylene oxide or propylene oxide. These find use as a replacement for petroleum lubricant with added performance advantages. Polyalkylene glycols have a lower pour point, higher viscosity index, lower vapor pressure, higher flash point, and increased solvency when compared to petroleum lubricants. Also, they have lower ash and metal contents and have a lesser tendency to form tar and sludge. They find primary use in lubricants and functional fluids such as fire-resistant hydraulic fluids, brake fluids, compressor lubricants, metalworking fluids, refrigeration lubricants, and textile lubricants. In addition, polyalkylene glycols are also used in pharmaceutical and personal care industry.
MARKET DYNAMICS
The polyalkylene glycol market is anticipated to grow in the forecast period owing to driving factors such as superior properties over petroleum lubricants and its use as chemical intermediates and surface active agents. Moreover, the growing automotive industry in the developing markets resulting in demands for automotive lubricants further fuels the growth of the polyalkylene glycol market. However, high costs of the product over conventional mineral oils hamper the growth of the polyalkylene glycol market. On the other hand, increasing adoption of the product in newer applications in emerging markets is likely to offer significant growth opportunities for the key players operating in the polyalkylene glycol market during the forecast period.
MARKET SCOPE
The "Global Polyalkylene Glycol Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of polyalkylene glycol market with detailed market segmentation by type, application, and geography. The global polyalkylene glycol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polyalkylene glycol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global polyalkylene glycol market is segmented on the basis of type and application. Based on type, the market is segmented as polyethylene glycol (PEG), polypropylene glycol (PPG), and others. On the basis of the application the market is segmented as lubricants, surface active agents, pharmaceutical, personal care, and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polyalkylene glycol market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The polyalkylene glycol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting polyalkylene glycol market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the polyalkylene glycol market in these regions.
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MARKET PLAYERSThe reports cover key developments in the polyalkylene glycol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from polyalkylene glycol market are anticipated to lucrative growth opportunities in the future with the rising demand for polyalkylene glycol in the global market. Below mentioned is the list of few companies engaged in the polyalkylene glycol market.
The report also includes the profiles of key polyalkylene glycol companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
-Akzo Nobel NV
-BASF SE
-Clariant Ltd.
-Croda International Plc
-Exxon Mobil Corporation
-Huntsman International LLC
-Idemitsu Kosan Co., Ltd.
-INEOS AG
-PAN Asia Chemical Corporation
-The Dow Chemical Company
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