Press release
Polyalkylene Glycol Market Size 2021, Impact of COVID-19, Growth Analysis, Challenges, & Top Players are BASF, Dow, INEOS, SABIC, DuPont, Bayer, Repsol Group, Clariant, Akzonobel, Exxon Mobil
polyalkylene glycol market
Polyalkylene glycol market share is anticipated to amass substantial gains in the coming years owing to the extensive use of the product in functional fluids, surface-active agents, polyurethane foams, refrigeration, aerospace, pharmaceuticals, and personal care products. Improving economic conditions in emerging nations like Asia Pacific is fostering developments in various industries.
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Rise in disposable income among people across the globe along with changing consumer preference patterns has led to advancements in the automotive industry. The development of innovative intricate automobile parts to improve the functioning of the vehicles will support the product demand over the period of study. Lubricant manufacturers are increasingly advertising to encourage the use of fully formulated engine oils with an aim to achieve fuel economy.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. AkzoNobel
3. INEOS
4. The Dow Chemical Company
5. SABIC
6. LyondellBasell
7. DuPont
8. Shell
9. Bayer
10. Repsol Sinopec Brasil
11. Clariant
12. Huntsman Corporation
13. ExxonMobil
14. Croda
15. Idemitsu Kosan Co.,Ltd.
Polyalkylene glycol lubricants render enhanced oxidation stability and are environmentally friendly in nature. They are gradually replacing the traditional synthetic lubricant solutions due to their ability to reduce carbon dioxide levels and ensure fuel efficiency. Moreover, reduced cost of maintenance, elongated service life of components and machines and superior performance are some of the additional features intensifying polyalkylene glycol market trends.
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Polypropylene glycol (PPG) and polyethylene glycol have emerged as key products of polyalkylene glycol industry. PPG had made major contributions towards the total revenue of polyalkylene glycol in the year 2016 and will showcase a positive impact on the polyalkylene glycol market growth rate over the coming years. Polypropylene glycol is broadly used in the production of PU foams which are used in aviation and automobile applications.
INEOS, DuPont, BASF, SABIC, Clariant, and Repsol are some of the chief industry participants constantly carrying out innovations in the field and positively influencing the polyalkylene glycol market consumption. Polyalkylene glycol is widely used for the manufacturing of PU foam, which is used in high resiliency flexible foam seating, automobile suspension bushings, durable elastomeric wheels, carpet underlays, and hard plastic parts.
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