openPR Logo
Press release

Polyalkylene Glycol Market Set for Rapid Growth And Trend | 2023

09-04-2018 11:51 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research Reports

/ PR Agency: Transparency Market Research Reports
Polyalkylene Glycol Market Set for Rapid Growth And Trend | 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 @
https://www.transparencymarketresearch.com/polyalkylene-glycol-market.html

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:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4806

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 :
https://globenewswire.com/news-release/2015/06/18/745746/10139038/en/Polyalkylene-Glycol-PAG-Market-is-Anticipated-to-Reach-US-16-96-Bn-by-2022-Transparency-Market-Research.html

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.

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

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polyalkylene Glycol Market Set for Rapid Growth And Trend | 2023 here

News-ID: 1218602 • Views: 135

More Releases from Transparency Market Research Reports

Acrolein Market Outlook, Competitive Landscape And Forecasts To 2024
Acrolein, also known as 2-propenal is the simplest unsaturated aldehyde. It’s a colourless liquid and exhibits a disagreeable acrid smell.. Acrolein is manufactured from petrochemical feedstocks such as propylene and glycerine. Acrolein is primarily used as an important intermediate and a specialty chemical. Acrolein is rapidly gaining importance due to its versatile use in plastic and paint industries. One of the most widely used industrial methods of preparing acrolein involves
Polycyclohexylenedimethylene Terephthalate (PCT) Market Set For Rapid Growth And …
Polycyclohexylenedimethylene terephthalate (PCT) is typically a thermoplastic polyester produced from the polycondensation of cyclohexylene-dimethanol and terephthalic acid. The chemical structure of polycyclohexylenedimethylene terephthalate (PCT) is quite similar to that of polyethylene terephthalate (PET). Moreover, the properties of polycyclohexylenedimethylene terephthalate (PCT) such as dimensional stability and chemical resistance are same as that of polyethylene terephthalate (PET). Furthermore, PCT is principally resistant to hydrolysis and high temperatures. Owing to all such properties,
Sulfur Chemicals Market Outlook, Competitive Landscape And Forecasts To 2024
Global Sulfur Chemicals Market: Overview The growing demand for sulfur chemicals in various end use industries such as the food, wine, pharmaceuticals, oil and gas, agriculture, detergents, and bio chemical processes is aiding the expansion of the global sulfur chemicals market. Sulfur chemicals are also vital ingredients in fertilizers. They are used in the vulcanization of black rubber, for plaster production in the construction industry, and for the treatment of
Urethane Adhesives Market To Receive Overwhelming Hike In Revenues By 2024
Global Urethane Adhesives Market: Brief Description Urethane adhesives are referred to as materials which are moisture curing and have a single cure and component when they are unprotected in the presence of moisture either in substrate or in the atmosphere. During the process of the cure, a little amount of carbon dioxide is given out in the atmosphere which further has no effect on the bonding process. Urethane adhesives are elastic

All 5 Releases


More Releases for PAG

PAG Synthetic Lubricants Market Size, Share, Development by 2023
New report published by Global Info Research which offers insights on the global PAG Synthetic Lubricants market. Synthetic oil is a lubricant consisting of chemical compounds that are artificially made. Synthetic lubricants can be manufactured using chemically modified petroleum components rather than whole crude oil, but can also be synthesized from other raw materials. One of the most versatile types of synthetics is polyalkylene glycol (PAG) lubricants. PAGs are generally known
PAG Synthetic Lubricants Market Forecast by 2025: QY Research
In the recently published report, QY Research has provided a unique insight into the global PAG Synthetic Lubricants market for the forecasted period of 7-years (2018-2025). The report has covered the significant aspects that are contributing the growth of the global PAG Synthetic Lubricants market. The primary objective of this report is to highlight the various key market dynamics such as drivers, trends, and restraints that are impacting the global
PAG Base Oil Market to Witness Exponential Growth | 2022
The global polyalkylene glycol (PAG) base oil market is anticipated to demonstrate a steady growth rate over the coming years. According to a recently published report by Transparency Market research (TMR), the vendors participating in the market are anticipated to invest heavily in expanding their portfolio and gain a competitive edge over their peers. Some of the leading names among the industry players are Royal Dutch Shell plc., Denso Corporation,
Polyalkylene Glycol (PAG) Market Research Analysis, 2017 – 2024.
Strong polyurethane (PU) foam demand is likely to make significant contribution towards polyalkylene glycol market size during the forecast period. This is attributed to extensive PU foam applications in several industries including construction, automotive, electronics etc. Thus, robust growth indicators in the aforementioned industries on account of improving socio-economic factors will boost business growth by 2024. In addition, polyols are the most consumed chemicals in manufacturing PU foam and accounts
PAG Base Oil Market to Register Substantial Expansion by 2022
The demand for lubricants has peaked globally in response to the expansion and diversification objectives across diverse industries. At a time when initiatives are taken to curb harmful emissions, industries are gradually ebbing from conventional lubricants and gradually inclining in favor of polyalkylene glycol (PAG) base oil. Unlike conventional lubricants, PAG base oils offer extended lubricant performance and have environmental acceptability. On the back of these factors, PAG base oils
PAG Base Oil Market to Register Substantial Expansion by 2022
The demand for lubricants has peaked globally in response to the expansion and diversification objectives across diverse industries. At a time when initiatives are taken to curb harmful emissions, industries are gradually ebbing from conventional lubricants and gradually inclining in favor of polyalkylene glycol (PAG) base oil. Unlike conventional lubricants, PAG base oils offer extended lubricant performance and have environmental acceptability. On the back of these factors, PAG base oils