Press release
Polyalkylene Glycol Market is Forecasted to Reach US$ 4.3 Billion in 2028, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global polyalkylene glycol market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2088/Polyalkylene-Glycol-Market.html#form
Report Highlights:
Market Size in 2028: US$ 4.3 billion
Growth (CAGR): 11.07% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Polyalkylene Glycol Market:
The global polyalkylene glycol market is segmented based on product type, application type, and region.
Based on product type - The market is segmented as polyethylene glycol, polypropylene glycol, and others. Polypropylene glycol is estimated to account for the largest share of the market during the forecast period owing to its wide utilization in automotive and aviation industries as a lubricant and in deicing agent formulations. On the other hand, polyethylene glycol is expected to witness significant growth in the market on account of its versatile features making it desirable for various applications across industries including automotive, personal care, pharmaceutical, and chemical.
Based on application type - The market is segmented as polyurethane foam, functional fluids, lubricants, personal care, pharmaceuticals, surface active agents, and others. Polyurethane foam is estimated to hold the largest share of the market during the forecast period on account of its extensive utilization across various industries such as construction, automotive, refrigeration, and aerospace. Lubricants are also estimated to witness significant demand in the market owing to their superior performance and eco-friendly nature.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/2088/Polyalkylene-Glycol-Market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is estimated to be the leading region in the market. This growth outlook is majorly attributed to the following-
• Owing to rapid industrialization and urbanization, strong growth in the construction industry, growing demand for PU foams, and an increase in disposable income, eventually boosting the demand for various end-user industries, thereby fueling the regional market growth during the forecast period.
Polyalkylene Glycol Market Drivers:
Some of the key drivers listed in the report are given below.
• Rising demand for polyurethane foam and increasing demand for PAG-based lubricants in automobiles and refrigerator oils.
• Due to its superior properties when compared to petroleum lubricants, as well as its versatility as a chemical intermediate and surface-active agent.
Top Companies in the Polyalkylene Glycol Market:
Stratview Research has identified the following companies as the top market players.
• BASF SE
• DuPont de Nemours, Inc.
• Bayer AG
• Clariant International Ltd.
• Huntsman International LLC
• INEOS Group AG
• LyondellBasell Industries N.V.
• Royal Dutch Shell Plc
• Saudi Basic Industries Corporation
• The Dow Chemical Company.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Polyalkylene Glycol Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Spray Polyurethane Foam Market: https://www.stratviewresearch.com/1852/spray-polyurethane-foam-market.html
• Monoethylene Glycol Market: https://www.stratviewresearch.com/1862/monoethylene-glycol-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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