The global demand for Polyalkylene Glycol Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Polyalkylene Glycol or PAG l is a synthetic lubricant oil obtained by the reaction of a glycol with alkylene oxides. They are commonly used in the formulation of high performing lubricants used in industrial applications. Some of the applications are gear oils, textile lubricants, compressor oils, hydraulic fluids used in fire resistance and in metallurgy. PAG oils are generally resistant to moisture and do not form any acids. Hence, they are used in automotive air conditioning systems. They are eco-friendly and a sustainable kind which can extend the gear's life.
Rapid industrialization is the main driving force behind the growth of the PAG market. The versatility of PAG and its use over a wide range of industries like aerospace, automotive, chemical and pharmaceutical will greatly benefit the market for a long time. Increased disposable income and growing demand for better consumer products will propel the growth of this market in the sectors of personal care and household appliances. Being a sustainable and eco-friendly product will further boost the market. COVID-19 pandemic will have a positive impact since PAG products are used in the detection of viruses in environmental samples. The main restraints for market growth are the volatility of prices of raw materials and high production costs involved.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of polyalkylene glycol.
The entire polyalkylene glycol market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Polyethylene Glycol
- Polypropylene Glycol
- Surface Active Agents
- Personal Care
This section covers regional segmentation which accentuates on current and future demand for polyalkylene glycol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Polyalkylene Glycol Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the polyalkylene glycol market include Dow Chemical Company (U.S.), BASF SE (Germany), Ineos Group (Japan), Clariant AG (U.S.), Huntsman Corporation (Japan), Idemitsu Kosan Co. (U.S.), Ashland Inc. (U.S.), Exxon Mobil (U.S.), AkzoNobel N.V. (Netherlands), Stepan Company (U.S.). This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.