Polyethylene Glycol Market to Remain Lucrative During 2016 - 2026

Increased manufacturing of eye drops and laxatives coupled with the growth of pharmaceutical industry has increased the use of polyethylene glycol as a solvent which will drive the growth for polyethylene glycol market in future. Rising demand for water-based coatings and paints for application in automotive and construction industries has also increased the demand for polyethylene glycol as it has low volatile organic combustion (VOC). This will also affect the market positively. Also, since households and the construction industry are crucial consumers of ceramic tiles, any progress made in these sectors will expand the polyethylene glycol market over the coming decade.

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Increasing demand for skincare and cosmetic products will also cause the polyethylene glycol market to grow. Some of the new experiments being done in the field of research & development such as the development of polyethylene glycol hydrogels which are used as adhesives for wound healing, wound closure, regenerative medicine tool with dopamine, tissue models and cell cultures will lead to opportunities for the polyethylene glycol market.

However, the presence of alternatives, for instance monoethylene glycol (MEG) and various other glycol ethers in the market, will pose a credible risk to the polyethylene glycol market and negatively impact its future. The stringent environmental protocols related to the manufacturing of personal care and pharmaceutical products may also impede the market growth for polyethylene glycol.

Polyethylene Glycol: Segmentation

Based on the form, the Polyethylene glycol market can be segmented into the following:

Opaque liquid (less than 700 molecular weight)
White waxy solid (700-900 molecular weight)
Flakes/ Powder (more than 900 molecular weight)
Based on application, the Polyethylene glycol market can be segmented into:

Medical
Colonoscopy,Barium enema preparation,Building construction and automotive industry
Ceramic tiles,Coatings,paints,Pharmaceutical Tablets, Ointment Industrial ,Solvent
Lubricant,Solubility agent

Polyethylene Glycol: Region wise Outlook

Based on geography, the Polyethylene glycol market can be segmented into North America, Latin America, Eastern Europe, Western Europe, Japan, Asia-Pacific excluding Japan, Middle-East Asia and Africa. Among these, the Asia-Pacific is expected to become the largest market for polyethylene glycol. This will happen mostly due to the presence of large-scale automotive and pharmaceutical firms. In emerging economies such as India,

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Brazil and China, expenditure over pharmaceutical products has exhibited a rise, thus affecting the polyethylene glycol market positively. Growing production in automotive industry and the growth in the construction sector is also expected to boost the polyethylene glycol market mostly in Asia Pacific, Latin America and Middle East. Dominance of U.S.A. in the pharmaceutical industry will also affect the polyethylene glycol market in North America positively. Promotion of biopolymer industries by European Commission would result in new market opportunities for chemical manufacturers which are dedicated to developing bio-based polyethylene glycol.

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