Polyethylene Glycol Market is Expected to Grow at 6.3% in the Forecast Period of 2021 to 2028

Posted May 13, 2021 by leonfrancis

The Polyethylene Glycol Industry will relinquish an approximated estimate at a frequency of 6.3% for the projection space of 2021 to 2028 with factor such as as the rise in demand for pharmaceutical

The Polyethylene Glycol Industry will relinquish an approximated estimate at a frequency of 6.3% for the projection space of 2021 to 2028 with factor such as as the rise in demand for pharmaceutical and cosmeceutical products. Moreover, the growth is also supplemented by the escalation in demand for polyethylene glycol for industrial production procedures as solvents, solubilizers, base and thickening agents. The polyethylene glycol market has shown an exceptional penetration in countries such as China, U.S. and Germany. The growing demand for polyethylene glycols in the production of pharmaceutical and cosmetic products boosts their sales in developed countries. In developing countries, developments and popularity of the building and construction industry which is intertwined with the paint production industry is creating an opportunity for the polyethylene glycol market.
The market for polyethylene glycol in the Asia-Pacific region has the highest market share followed by North America and Europe. The market leader is SABIC which accounts an estimated market share of approximately 12% to 15% globally. The company has gained outstanding sales through its industrial and pharmaceutical grade polyethylene glycol.
In December 2020, SABIC announced that it would form a partnership with KraussMaffei HighPerformance AG which is a subsidiary of KraussMaffei primarily for the exchange of technical knowledge regarding high-performance injection molding systems. This partnership will help the company to utilize the center for thin-wall packaging at the NETSTAL plant in Näfels, Switzerland which in turn would increase the production and the research capability of the company regarding polymeric materials.
Global Polyethylene Glycol Market, By Grade (Polyethylene Glycol 200, Polyethylene Glycol 300, Polyethylene Glycol 400, Polyethylene Glycol 400 FCC Grade, Polyethylene Glycol 3350, Polyethylene Glycol 4000, Polyethylene Glycol 6000, Others), Form (Opaque Liquid, White Waxy Solid, Flakes/ Powder), Application (Healthcare, Building and Construction, Industrial, Cosmetics/Personal Care, Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Egypt, Israel, South Africa and Rest of Middle East and Africa) Industry Trends and Forecast to 2028 This polyethylene glycol market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the polyethylene glycol market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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Trends Impacting the Polyethylene Glycol Market:
Now the question is which other regions SABIC, Merck KGaA and Dow are targeting? Data Bridge Market Research has forecasted a large growth in the Asia-Pacific polyethylene glycol market and the market leaders are targeting the China and Japan to be their next revenue pockets for 2021.
The polyethylene glycol market is becoming more competitive every year with companies such as regions SABIC, Merck KGaA and Dow as they are the market leaders for polyethylene glycol. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the polyethylene glycol market.
Polyethylene Glycol Market Scope and Market Size:
The polyethylene glycol market is segmented on the basis of the grade, application and form. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Based on grade, the polyethylene glycol market is segmented into polyethylene glycol 200, polyethylene glycol 300, polyethylene glycol 400, polyethylene glycol 400 FCC grade, polyethylene glycol 3350, polyethylene glycol 4000, polyethylene glycol 6000 and others. In 2021, the global demand for pharmaceuticals and industrial products such as lubricants, paints, ceramic tiles and others make the primary reason behind the dominance of polyethylene glycol 400 segment.
Based on form, the polyethylene glycol market is segmented into opaque liquid, white waxy solid and flakes/ powder. In 2021, opaque liquid segment dominates the market due to the widespread use of opaque liquid as a lubricating agent in the processing plants and as a wetting and thickening agent in cosmetics & medical auxiliaries.
Based on application, the polyethylene glycol market is segmented into healthcare, building and construction, industrial, cosmetics/personal care and others. In 2021, healthcare segment dominates due to the increasing health-related issues which require medicines and ointments.
Key Market Competitors:
The major players covered in the global polyethylene glycol market report are SABIC, LOTTE Chemical CORPORATION, INEOS, Croda International Plc, BASF SE, Dow, Liaoning Oxiranchem, Inc., India Glycols Limited, Mitsui Chemicals, Inc., Merck KGaA, Liaoning Kelong Fine Chemical Co., Ltd., Dynalene, Inc., ProChem, Inc International, Noah Technologies Corporation, Mil-Spec Industries Corporation, GFS Chemicals, Inc., Hefei TNJ Chemical Industry Co., Ltd., Clariant, Shanghai Bronkow Chemical Co.,Ltd. and Shanghai Taijie Chemical Co., Ltd. among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Pointers Covered in the Opaque Polymers Market:
Market Size
Market New Sales Volumes
Market Replacement Sales Volumes
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Regulatory Framework and Changes
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
Chapter One: Polyethylene Glycol Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Polyethylene Glycol Market Competition, by Players
Chapter Four: Polyethylene Glycol Market Size by Regions
Chapter Five: Polyethylene Glycol Market Revenue by Countries
Chapter Six: Polyethylene Glycol Market Revenue by Type
Chapter Seven: Polyethylene Glycol Market Revenue by Application
Chapter Eight: Polyethylene Glycol Market Revenue by Industries
Chapter Nine: Polyethylene Glycol Market Revenue by Deployment Model
Chapter Ten: Polyethylene Glycol Market Revenue by End User
Get Table of Content on Request: https://www.databridgemarketresearch.com/toc/?dbmr=global-polyethylene-glycol-market
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Polyethylene Glycol Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Polyethylene Glycol Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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Last Updated May 13, 2021