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Polyalkylene Glycols (PAGs) Market Production, Sales and Consumption Status and Prospects Professional Market Research Report and Forecast 2025
Latest released, the research study on Global Polyalkylene Glycols (PAGs) Market Report Forecast 2021 - 2025, offers a detailed overview of the factors influencing the global business scope. Polyalkylene Glycols (PAGs) Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Polyalkylene Glycols (PAGs). The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Dow, BASF SE, Royal Dutch Shell plc, Idemitsu Kosan Co.,Ltd., and Clariant.The market for Polyalkylene Glycols (PAGs) is expected to grow at a CAGR of over 11% during the forecast period.
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Covid-19 Impact and Recovery Analysis:
The global Polyalkylene Glycols (PAGs) market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.
Key Market Trends
Increasing Demand from Lubricants Segment
- Polyalkylene glycol, also named as polyalkylene oxide, is a polyether compound. It is a polymer obtained by addition of one of more repeating epoxide units.
- Growing application of polyalkylene glycol in gear lubricants, hydraulic fluids lubricants, turbine oils, industrial air compressor fluids, amongst others is propelling the polyalkylene glycols market demand.
- Furthermore, polyalkylene glycols have superior lubricity properties, great viscosity index, environment-friendly nature, and low volatility in high temperature applications. Owing to these properties the demand of PAGs is anticipated to increase in the near future.
- The global lubricants market was valued at USD 164.3 billion in 2019 and is expected to grow at a CAGR of over 3% during the forecast period and reach USD 188 billion by 2024. Due to this, the demand of synthetic lubricants is likely to increase, which would boost the demand of polyalkylene glycols and thus, propel its market during the forecast period.
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Reasons to Get this Report:
-Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
-Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
-Market value USD Million and volume Units Million data for each segment and sub-segment
-Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
-Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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