Polyalkylene Glycol Market to Undertake Strapping Growth During 2023


Transparency Market Research (TMR) has announced the addition of the new report, titled “Polyalkylene Glycol (Polyethylene Glycol (PEG), Polypropylene Glycol (PPG), and Others) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023”.

Read Report Overview @

The report states that the global polyalkylene glycol (PAG) market is expected to expand at a moderate 11.0% CAGR during the forecast period from 2015 to 2023. In 2014, the global polyalkylene glycol market was worth US$7.49 billion and by 2023, the market is projected to be worth US$16.96 billion. Volume-wise, in 2014, the global PAG market was estimated at 6,522.8 kilo tons.

The global polyalkylene glycol (PAG) market is driven by factors such as the rising demand for PU foam, functional fluids, and lubricants. Moreover, the perpetual growth in sales of pharmaceutical products and personal care goods is expected to open up growth avenues for ingredients such as PAG. Nevertheless, factors such as the volatility of crude oil prices and the high price of PAG-based functional fluids and lubricants will suppress the market’s growth.

The global polyalkylene glycol (PAG) market is broadly segmented by product, application, and geography. By product, the global polyalkylene glycol market is divided into polypropylene glycol (PPG), polyethylene glycol (PEG), and others such as copolymers and higher adducts. PPG and PEG are the major product types of polyalkylene glycol. PPG is projected to emerge as the dominant product type during the forecasting horizon due to its growing demand in the lubricant sector.

Application-wise, the global polyalkylene glycol (PAG) market is segmented into polyurethane (PU) foam, lubricants, functional fluids, personal care, surface active agents, pharmaceutical, and others. The sector of PU foam dominated the global polyalkylene glycol market in 2014 in terms of volume. On the other hand, the lubricants application sector emerged as a key market for PAG and accounted for over 15% of the market in terms of volume in 2014. Nevertheless, it is the personal care application sector that is projected to show the fastest growth in the coming years.


By geography, the global polyalkylene glycol (PAG) market is divided into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa (MEA). In 2014, Asia Pacific dominated the global polyalkylene glycol market with a share of over 45%. Asia Pacific is expected to continue its dominance during the forecasting horizon. Latin America is projected to exhibit the fastest growth in the global polyalkylene glycol market. North America will also exhibit a CAGR higher than the average market growth during the forecast period due to the recovering construction industry and expanding automotive and pharmaceutical industries in this region.

Request to view Sample Report:

Manufacturers in the global polyalkylene glycol (PAG) market have a higher profit margin in the application sectors of personal care and pharmaceutical. The high growth rates of these sectors are in turn fueling their market attractiveness in the global polyalkylene glycol market. Some of the key players operating in the global polyalkylene glycol market are Bayer AG, Repsol Group, Saudi Basic Industries Corporation (SABIC), Clariant International, INEOS Group AG, DuPont, Royal Dutch Shell, and LyondellBasell Industries.

For More Information :


About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com


Comments

Post a Comment

Popular posts from this blog

Sodium Cocoyl Isethionate Market to Undertake Strapping Growth During 2026

The global sodium cocoyl isethionate market was valued at US$ 137.8 Mn in 2017 and is anticipated to expand at a CAGR of 5.3% from 2018 to 2026, according to a new report titled ‘Sodium Cocoyl Isethionate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR). Rise in consumer preference for sulfate-free skin friendly products is likely to propel the demand for sodium cocoyl isethionate during the forecast period. Read Report Overview @ https://www.transparencymarketresearch.com/sodium-cocoyl-isethionate-market-2018-2026.html Increase in Demand for Sulfate-free Formulations in Personal Care Products to Drive Market Sodium cocoyl isethionate is a mild surfactant that offers excellent detergent properties. It is mild on the skin and leaves a soft after-feel. Extensive usage of sodium cocoyl isethionate as mild surfactant in hair care and skin care products has created oppor...
Keep reading

High-performance Anti-corrosion Coatings Market to Record an Exponential CAGR by 2024

The global high-performance anti-corrosion coatings market was valued at US$ 12.60 Bn in 2017 and is anticipated to expand at a CAGR of 5.9% from 2018 to 2026, according to a new report titled ‘High-performance Anti-corrosion Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR). The global high-performance anti-corrosion coatings market is driven by growth of the global oil & gas industry. Asia Pacific accounts for a major share of the global market, due to growth of construction, marine, and oil & gas industries in the region. Read Report Overview @ https://www.transparencymarketresearch.com/high-performance-anticorrosion-coatings-market.html The number of oil & gas drilling and exploration activities has increased in the last few years. The Gulf of Mexico, Southeast Asia, and North Sea are currently rich in oil & gas resources and they have a large ...
Keep reading

Tattoo Inks Market to Undertake Strapping Growth During 2026

Submitted 1 sec ago by  TMR Market research . The global tattoo inks market was valued at US$ 122.25 Mn in 2017. It is anticipated to expand at a CAGR of 5.55% from 2018 to 2026, according to a new research report titled ‘Tattoo Inks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR) The global tattoo inks market is driven by rise in the popularity of tattoos among youngsters worldwide. In terms of demand, North America accounts for a dominant share of the global tattoo inks market. Read Report Overview @ https://www.transparencymarketresearch.com/tattoo-inks-market.html Rise in Demand for Tattoos among Youngsters to Boost Market Tattooing is an increasing fashion phenomenon that has attracted more than 100 million young adults across the globe to date. According to the Council of Europe, one in five individuals in the U.K. is tattooed. The figure rises to one in thre...
Keep reading