Polyalkylene Glycols Market Scope
Polyethylene glycol (PEG) also known as polyethylene oxide (PEO) or polyoxyethylene (POE) is a polyether compound. It has many applications such as lubricants, surface active agents, pharmaceutical, personal care, as well as others. PEG is hydrofluorocarbon which is primarily produced from ethylene oxides or propylene oxides. Polyalkylene glycol copolymers are obtained from ethylene oxides, they offer finest friction control & substitute to hydrocarbon lubricants. PEGs have improved lubricity properties, great viscosity index, as well as low toxicity. PEGs delivers excellent friction when used as additive. As extreme pressure gear lubricants PEGs are used in the textile manufacturing equipment.
According to AMA, the Global Polyalkylene Glycols market is expected to see growth rate of 11.01%
Research Analyst at AMA estimates that German, Indian, and United States Vendors will contribute to the maximum growth of Global Polyalkylene Glycols market throughout the predicted period.
The Dow Chemical Company (United States), BASF SE (Germany), Ineos Group (United Kingdom), Clariant AG (United States), Huntsman Corporation (Japan), Idemitsu Kosan Co. (United States), Ashland Inc. (United States), Exxon Mobil (United States), AkzoNobel N.V. (Netherlands) and Stepan Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are India Glycols Ltd. (India), Advance Petrochemicals Ltd. (India) and Saibaba Surfactant Pvt Limited (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Polyalkylene Glycols market by Type (Polyethylene Glycol (PEG), Polypropylene Glycol (PPG) and Others), by Application (Lubricants, Surface Active Agents, Pharmaceutical, Personal Care and Others) and Region with country level break-up.
On the basis of geography, the market of Polyalkylene Glycols has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In March 2019, Ineos Group has announced the company has signed an agreement to acquire (Cristal) The North American business of National Titanium Dioxide Company Limited from Tronox Limited for USD 700 Million. Cristal’s North American business comprises two-plants located at the Ashtabula Ohio (United States) complex. As per Jim Ratcliffe, INEOS Chairman, “this is a great opportunity for INEOS to enter the pigments market and become the second largest producer of titanium dioxide in the key North American market.”
Market Drivers
- Growing Automotive Industry in Asia-Pacific
- High Demand from End Use Industries
- Advantages Offered By the Polyalkylene Glycols
Opportunities
- Emerging Application of PAGs
- Growing Opportunities from Untapped Markets
Restraints
- Fluctuating Prices of Crude Oil
Key Target Audience
Polyalkylene Glycols Manufacturers, Raw Materials Suppliers, Government and Research Organizations, Industry Associations, End Users and Others