Global Polyalkylene Glycol Monobutyl Ether Market Overview:
Polyalkylene Glycol Monobutyl Ether (PGME) is a polymeric synthetic additive that has distinct solubility properties. It is generally used to improve the quality of boiler steam. Which is ultimately used as a conditioner for animal feed pellet production. Automotive transmission, brake, and hydraulic fluid, heat transfer fluid, and inert solvents for manufacturing operations are the most popular applications for polyalkylene glycol monobutyl ether polymers. PGME is also used for the manufacture of resins, plasticizers, modifiers, and surfactants; compressor lubricants –as base fluids in compressor lubricant formulations; anti foam agents –in boiler water and fermentation processes; personal-care products –polyalkylene glycol monobutyl ether polymers are inert lubricative functional fluids that may be included in a variety of other applications. With the increasing manufacturing activity across the globe, the demand for PGME is also increasing.
Growth Drivers
- Increasing Demand of Polyalkylene Glycol Monobutyl Ether for Manufacture of Transmissions
- Growing Demand of Polyalkylene Glycol Monobutyl Ether Is Lubricant Industry
Market Trends
- Increasing Research on Efficient Production of Polyalkylene Glycol Monobutyl Ether
Roadblocks
- High-Cost Associated With Polyalkylene Glycol Monobutyl Ether
Opportunities
- Increasing Applications of Polyalkylene Glycol Monobutyl Ether in Various Industries
- Growing Manufacturing Activity Will Increasing Demand of Polyalkylene Glycol Monobutyl Ether in Developed Countries
Challenges
- Raw Materials of Polyalkylene Glycol Monobutyl Ether are Flammable
- Volatility in Demand of Polyalkylene Glycol Monobutyl Ether Due to Covid-19
Competitive Landscape:
PAGM market is dominated by industry leaders. High capital expenses and R&D are required to operate in this market. The market is clustered where there is huge manufacturing activity. North America and China are the biggest markets for this product. While emerging markets like India are expected to show huge growth.
Some of the key players profiled in the report are BASF (Germany), Dow Chemical (United States), Eastman Chemical (United States), LyondellBasell Industries (Netherlands), Jinan Shiji Tongda Chemical (Japan), Tianyin Chemical Industry Co., Ltd (China), LyondellBasell (Netherlands), Sasol (South Africa), India Glycols (India) and TCI Chemicals (Japan). Considering Market by Industry Verticals, the sub-segment i.e. Paints will boost the Polyalkylene Glycol Monobutyl Ether market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Polyalkylene Glycol Monobutyl Ether market.
On April 15th, 2021, BASF, a leading manufacturer of Polyalkylene Glycol Monobutyl Ether announced the expansion of EcoBalanced portfolio for detergents and cleaner industry and industrial formulators. According to the company; this expansion allows the company to offer more eco-friendly, high-quality solutions without compromise on performance. According to the company, they will be contributing towards the environment with their customers.
What Can be Explored with the Polyalkylene Glycol Monobutyl Ether Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Polyalkylene Glycol Monobutyl Ether Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Polyalkylene Glycol Monobutyl Ether
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Polyalkylene Glycol Monobutyl Ether market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Polyalkylene Glycol Monobutyl Ether market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Polyalkylene Glycol Monobutyl Ether Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.