Polyalkylene Glycols (PAGs) Market Strategic Assessment, Growth Analysis and Research Outlook 2021-2026| BASF SE, Clariant, Covestro AG, Croda International Plc

Latest research on Polyalkylene Glycols (PAGs) Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Polyalkylene Glycols (PAGs) market. this report included a special section on the Impact of COVID19. Also, Polyalkylene Glycols (PAGs) Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Polyalkylene Glycols (PAGs) industry.

Polyalkylene Glycols (PAGs) Market is growing at a CAGR of 11% during the forecast period (2021-2026).

The Polyalkylene Glycols (PAGs) market is highly competitive and consists of a number of major players. Top Companies like BASF SE, Clariant, Covestro AG, Croda International Plc, Dow, DuPont, Exxon Mobil Corporation., Huntsman International LLC, Idemitsu Kosan Co.,Ltd., India Glycols Limited, INEOS Group, Pan Asia Chemicals Corporation, Royal Dutch Shell plc, SABIC, Stepan Company

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Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Polyalkylene Glycols (PAGs) market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Polyalkylene Glycols (PAGs) Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

- Growing application of polyalkylene glycols in making polyurethane foams is expected to offer various lucrative opportunities for the growth of market.

- By application, lubricants segment is expected to dominate the market owing to the increase in the consumption in various end-user industries namely synthetic lubricants industry, refrigeration lubricants industry, and automotive lubricants industry.

- Asia-Pacific region dominated the polyalkylene glycols market across the globe with the largest consumption from countries such as china and India.

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Key Market Trends

Increasing Demand from Lubricants Segment

- 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.

- Owing to all the above-mentioned factors for polyalkylene glycols, its market is expected to grow rapidly over the forecast period.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region is expected to dominate the market for polyalkylene glycols during the forecast period. Owing to rapid expansion in the lubricants industry in countries like China and India and presence of major lubricant manufacturers, the demand for polyalkylene glycols has been increasing in the region.

- The increasing usage of polyalkylene glycol lubricants in engine oils, bearing oils, gear oils, compressor oil, grease, heat transfer fluids, metalworking fluids and transmission fluids owing to their ability to withstand high temperature and shock loading and superior friction properties, is stimulating the polyalkylene glycol market in the region.

- Additionally, the rising demand of polyurethane foams in various applications in construction & building, adhesives, electronics, furniture, automobiles and footwear is fueling the demand of polyalkylene glycols and is likely to have positive impact on the PAGs market.

- The construction & building sector in Asia-Pacific is expected to grow at a CAGR of 8% during the forecast period, which would increase the demand of polyurethane foams and consequently propel the polyalkylene glycols market in the region during the forecast period.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Polyalkylene Glycols (PAGs) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 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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