Global Polyalkylene Glycol Market
By Product (Polypropylene Glycol, Polyethylene Glycol), Application (Lubricants, Personal Care, Surface Active Agents, Lubricants) and Regional Market Size, Status and Forecast to 2025
The global Polyalkylene Glycol market was valued at USD 245.5 million in 2016 and is projected to reach USD 418.4 million by 2025, growing at a CAGR of 6.1% from 2017 to 2025.
Polyalkylene Glycols are commonly used as viscosity builders in fire resistant and water glycol fluids. Their ability to not form a deposition on ageing is driving demand in end-use applications. The growing product innovation is expected to drive market demand over the forecast period.
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1. Market Drivers
1.1 Favorable properties such as high viscosity, water solubility and bio degradability
1.2 Growing automotive industry in Asia Pacific
2. Market Restraints
2.1 Crude Oil Price Fluctuation
2.2 Costlier than conventional mineral oils
The global Polyalkylene Glycol market is segmented on the product, application and region.
1. By Product:
1.1 Polyethylene Glycol
1.2 Polypropylene Glycol
2. By Application:
2.1.1 Compressor Lubricants
2.1.2 Refrigeration Oil
2.1.3 Fire Resistant Hydraulic Fluids
2.1.4 Gear Lubricants
2.1.5 Automotive Applications
2.1.6 Metal Working Fluids
2.1.7 Textile Lubricants
2.1.8 Food Grade Lubricants
2.3 Surface Active Agents
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. DOW Chemical Company
3. Ineos AG
6. Croda International Corp.
7. Idemitsu Kosan
8. Akzonobel NV
9. PAN Asia Chemical Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Polyalkylene Glycol market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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