MARKET ANALYSIS
Polyethylene oxide (PEO) is a non-ionic polymer with high-molecular-weight. It is hydrophilic, linear and highly soluble in both aqueous and organic solvents. Polyethylene Oxide (PEO) also known as polyethylene glycol (PEG), is water soluble thermoplastic resin. It consists of dispersing and coagulation properties due to high-molecular weights. Polyethylene oxide (PEO) is used as thickeners, lubrication aids, film formers, flocculants and binders in applications including adhesives, coatings, inks, water treatment, ceramics, papermaking, agrochemicals, and electronics.
GROWTH DRIVERS AND CHALLENGES
The growing demand for polyethylene oxide (PEO) in the end use industries has aided the polyethylene oxide (PEO) market growth. The properties of polyethylene oxide such as high viscosity, lubricity, and excellent dispersing effect makes it suitable for utilizing in industries such as paper, textile, polymer, building and construction, metals and mining, cosmetics, and others. Polyethylene oxide (PEO) in the end use industries is employed as dispersing agent, adhesive, coagulant, friction reducer, coating, and others. The rapid industrialization across the globe has resulted in expansion of many industries such as paper, textile, building and construction, metals and mining, etc. The utilization of polyethylene oxide in these industries has strengthen its scope. Polyethylene oxide when dissolved in the solution offers high viscosity even at low density making it and effective thickener for end use industries. Further, the polyethylene oxide (PEO) as a thermoplastic and can be used for extrusion molding, foundry molding, and calendaring molding. Hence, the emergence of this component as a thickener, lubricating solution, coagulant and dispersing agent in the manufacturing industries is expected to boost the market growth. The harmful effects of polyethylene oxide may create challenge in the growth of this market. The exposure of polyethylene oxide above the recommended level may cause irritation of the nose, throat and lungs. Further, the availability of substitute products is expected to hinder the demand of polyethylene oxide. Water-soluble, nonfouling polycarbonates can act as an alternative to polyethylene oxide.
REPORT SEGMENTATION AND SCOPE
The "Global Polyethylene Oxide (PEO) Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global polyethylene oxide (PEO) market trends and growth opportunities. The report aims to provide an overview of the global polyethylene oxide (PEO) market with detailed market segmentation by application, end use industry, and geography. The global polyethylene oxide (PEO) market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of polyethylene oxide (PEO) worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the polyethylene oxide (PEO) market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the polyethylene oxide (PEO) market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative polyethylene oxide (PEO) market opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global polyethylene oxide (PEO) market, which helps understand the entire supply chain and various factors affecting the market growth.
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SEGMENTAL ANALYSIS
The global polyethylene oxide (PEO) market is segmented on the basis of application, and end use industry. Based on application, the polyethylene oxide (PEO) market is segmented as dispersing agent, adhesive, coagulant, friction reducer, coating, and others. On the basis of end use industry, the market is classified as paper, textile, polymer, building and construction, metals and mining, cosmetics, and others.
Based on application, the dispersing agent accounted for a significant polyethylene oxide (PEO) market share. The small amount of polyethylene oxide (PEO) is sufficient to achieve excellent dispersing effect. It is highly used in paper industry for dispersion of pulp and also in the construction industry for polymer cement. Based on end use industry, paper accounted for a major polyethylene oxide (PEO) market share owing to the high adoption rate of polyethylene oxide as a dispersing agent in this industry.
REGIONAL ANALYSIS
The report provides a detailed overview of the global polyethylene oxide (PEO) market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is estimated to account for a significant polyethylene oxide (PEO) market share globally. Large industrial base and fastest growing Asian economy is the key factor in growing demand for polyethylene oxide (PEO). North America is also expected to witness considerable growth with the increasing textile and polymer and cosmetics industry. Europe is also expected to be an attractive market for polyethylene oxide (PEO) during the forecast period, owing to the growing demand for highly functionable materials in the end use industry.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnership, acquisitions, and new product launches were found to be the major strategies adopted by the players operating in the global polyethylene oxide (PEO) market.
In December 2022, Clariant is set to expand its Ethylene Oxide Derivatives (EODs) facility in Daya Bay, Huizhou, China, to meet the demand from pharmaceutical, personal care, home care, and other industries.
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The covid-19 pandemic led to a decline in the progress of many industries across the globe. Shutdown of manufacturing plants and restricted trade across the globe led to supply chain constraints for the manufacturers across the globe. Polyethylene oxide (PEO) market experienced a slump during the pandemic owing to the limited trade of chemical products across the globe. Polyethylene oxide (PEO) are imported from countries across the globe, and this led to a limited availability of the product. Moreover, manufacturing activities also witnessed a decline during this period owing to the shortage of raw materials and limited supply of labor. However, the economies started reviving and the investment made by various government authorities to enhance the production facilities has led to overcoming the supply demand gap.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the polyethylene oxide (PEO) market include, DuPont; SUMITOMO SEIKA CHEMICALS CO.,LTD.; Alfa Aesar; Anyang General Chemical Co.,Ltd.; KOWA AMERICAN CORPORATION; Meisei Chemical Works, Ltd.; Merck KGaA; Polysciences Inc.; Dow; Qingdao ECHEMI Digital Technology Co., Ltd.; Hefei TNJ Chemical Industry Co., Ltd.; Noah Chemicals; Liaoning Kelong Fine Chemical Co., Ltd.; GFS Chemicals, Inc; and Pro Chem, Inc. among others.