Press release
Polyalkylene Glycol Market Growth by Key Players: BASF SE, The Dow Chemical Company, Ineos Group AG, Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries, DuPont, Royal Dutch Shell, Bayer AG, Repsol Group and Clariant International
Polyalkylene Glycol Market
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1752
Technological advancements primarily in the automotive sector has resulted in development of more intricate internal parts which in turn has propelled lubricants demand. In addition, lubricant producers are advertising to encourage use of fully formulated engine oils for consumers to achieve fuel economy. Moreover, automobiles demand will continue to rise owing to increasing consumer’s disposable income which will consequently drive lubricants demand in the near future. This will subsequently have positive impact on the polyalkylene glycol market size by 2024.
Volatility in crude oil prices and higher polyalkylene glycol lubricants are the major factors which are likely to impede the global polyalkylene glycol market by 2024.
In terms of revenue, PEG is projected to rise at a CAGR close to 11% during the forecast span. Widespread product applications across several end-user industries including chemical, automotive, pharmaceutical, plastics, chemical and personal care will stimulate industry growth. Moreover, it is utilized in lubricant preparations and as useful fluids in machinery, aerospace, refrigeration and automotive industries. Other applications include surface active agents and specialty solvent in personal care industry which will help generate prominent gains to polyalkylene glycol market by 2024.
Functional fluids segment is anticipated to expand by CAGR close to 7% during the forecast period. These are specialty fluids which finds wide-ranging application in machinery such as motors, gearboxes, seals, and valves for reducing friction and abrasion resistance. Moreover, product is widely applicable as de-icing agents in aircraft and automotive in cold regions which will help in creating growth avenues for polyalkylene glycol market by 2024.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1752
Asia Pacific led the overall industry and accounted for over 40% of the total polyalkylene glycol market share in 2016. This is due to rapidly growing construction, automotive, personal care and pharmaceuticals industry in the recent years on account of increasing population in China and India accompanied with increasing customer disposable income.
The global polyalkylene glycol market share was exceedingly competitive in 2016 due to the presence of prominent players including Dow, INEOS, LyondellBasell, BASF, Clariant, SABIC, DuPont and Repsol.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.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 Growth by Key Players: BASF SE, The Dow Chemical Company, Ineos Group AG, Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries, DuPont, Royal Dutch Shell, Bayer AG, Repsol Group and Clariant International here
News-ID: 1311621 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Polyalkylene
Polyalkylene Glycol Market Expansion to be Persistent During 2019-2027
Polyalkylene Glycol Market: Introduction
• The global polyalkylene glycol market was valued at ~US$ 10.2 Bn in 2018 and is anticipated to expand at a CAGR of ~11% from 2019 to 2027. Major raw materials used in polyalkylene glycol companies are mostly petroleum-based substances, such as ethylene oxide and propylene oxide. Propylene oxide (PO) is a chemical intermediate used in the production of polyether polyols. Availability of raw materials, such as ethylene…
Polyalkylene Glycol Market Drivers, Restraints and Opportunities-2020 to 2026
The Polyalkylene Glycol Market report delivers a detailed decade long pre-historic and forecast for the sector and also involves data on socio-economic scenario. Key stakeholders will be able to analyse the statistics and the tables and figures given in the report for strategic planning that will help lead to the success of the organization.
The research study presents the historical data which evaluates a set of analytical tools such as…
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…
Polyalkylene Glycol Market Latest Trends, Demand and Analysis 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…
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…
Polyalkylene Glycol Market Key Players and Production Information analysis 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”.
View Full Report: 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…
