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Polyethylene Glycol Market Key Players : BASF, The Dow Chemical Company, Croda Inc., Ineos, Liaoning Oxiranchem, Jiangsu Haian Petrochemical Plant

11-13-2018 10:28 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Polyethylene Glycol Market

Polyethylene Glycol Market

Polyethylene glycol (PEG) is a polyether compound largely used as a solvent, lubricant and solubility agent in various industrial applications. The forms and molecular weight of PEG varies according to the type of initiator used for its polymerization process. Due to its excellent characteristics, such as non-toxicity, hygroscopicity, solubility in the organic solvents, PEG is emerged as a lubricating solution in pharmaceutical applications, such as manufacturing of tablets and ointments. Moreover, increasing acceptance of waterborne coatings and paints in the construction and automotive industry is also expected to boost the demand of PEG as a wear resistant solvent.

The major companies are adopting product launch as one of the key strategies to maintain their competitiveness in the global market. For instance, in 2014, Dow Chemical has launched CARBOWAX and CARBOWAX SENTRY MW 200 1000 polyethylene glycols. These PEG are water-soluble liquid or solid polymers used in various applications such as adhesives, ceramics, chemical intermediates, paints and coatings, personal care, textiles, and wood treatment, agriculture, lubricants, printing and inks and household products. The key players of the market includes BASF, The Dow Chemical Company, Croda Inc., Ineos, Liaoning Oxiranchem, Jiangsu Haian Petrochemical Plant and India Glycols etc.

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The construction, pharmaceutical and automotive industries are experiencing a surging growth in Asia Pacific and Latin American region owing to rise in disposable income and rapid urbanization. Therefore, PEG is expected to gain substantial demand from these aforementioned industries, in coming years. However, the stringent environmental regulations associated with manufacturing of pharmaceutical and personal care products, may hinder the market growth.

The world polyethylene glycol market is segmented on the basis of end-user industry and geography. In terms of end-user, the market is segmented into medical, personal care, industrial and others. PEG is largely used in various areas of medical industries including solvents, constipation treatments, tablet fillers, ointments, delivery liquid for medications etc. Geographically, the market is segmented into North America, Europe, Asia Pacific and LAMEA.

KEY MARKET BENEFITS

• The report provides an in-depth analysis of the world polyethylene glycol market, including information about the current market situation, changing market dynamics, expected trends and market intelligence.
• The factors which drive and impede the growth of the world polyethylene glycol market are comprehensively analyzed in this report.
• Value chain analysis of the industry illustrates a clear understanding about the various stakeholders involved in the market.
• The report contains a comprehensive study of the key strategies adopted by companies to gain traction in the market.
• SWOT analysis highlights the internal environment of leading companies for effective strategy formulation.
• Micro level analysis is conducted based on various potential applications of polyethylene glycol and its usage in different regions.
• The report provides the quantitative analysis of the current market and estimations through 2014-2020 that assists in identifying the prevailing market opportunities.

KEY MARKET SEGMENTS

Market - By End Use Industry

• Medical
• Personal care
• Industrial
• Others

Market - By Geography

• North America
• Europe
• Asia pacific
• LAMEA

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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