Polyethylene Glycol Market Inclinations & Development Status Highlighted During Forecast Period Up to 2028
Global Polyethylene Glycol Market is expected
to gain market growth in the forecast period of 2021 to 2028. Data Bridge
Market Research analyses that the market is growing at a CAGR of 6.3% in the
forecast period of 2021 to 2028 and is expected to reach USD 2,726,047.87
thousand by 2028. The increased demand for polyethylene glycol as surfactants,
cleaning, thickening and softening agents in medicines, diagnostics and medical
devices is driving the polyethylene glycol market. PEG or polyethylene glycol
is a polymeric material composed of ethylene oxide and water as
monomers which are not only hydrophilic but also biocompatible, though it is a
synthetic molecule synthesized by polymerization of ethylene oxide where a
ring-opening takes place. As is it composed of water and ethylene oxide, it
finds innumerable application in industries ranging from pharmaceuticals
to construction.
The growth in the building and construction industry particularly
in developing countries has increased the production and availability of
different grades of polyethylene glycol, particularly for the use in
water-based paints to provide a high-quality protective coating to them is
driving the polyethylene glycol market. The viscosity instability in the
compounds and molecules of polyethylene glycol & its derivatives along with
the development of better substitutes can hinder the polyethylene glycol market
and act as a restraint to the polyethylene glycol market. The excellent
ophthalmic properties of PEG-400 as an eye drop application and its
environmentally friendly nature are golden opportunities for every chemical
industry to increase their market sales and revenue for the polyethylene glycol
market. Though the demand for polyethylene glycol is increasing due to its less
toxicity, low production of the raw materials from which polyethylene glycol is
extracted and the expensive and time consumable nature of this synthesis
process has not only resulted in an increased cost of raw material but also
pose a challenge for the growth of the polyethylene glycol market.
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. The polyethylene glycol market competitive landscape provides details
by the competitor. Details included are company overview, company financials,
revenue generated, market potential, investment in research and development,
new market initiatives, global presence, production sites and facilities,
company strengths and weaknesses, product launch, clinical trials pipelines,
brand analysis, product approvals, patents, product width and breadth,
application dominance, technology lifeline curve. The above data points
provided are only related to the company’s focus related to the global
polyethylene glycol market. 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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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.
Growth
in the Polyethylene Glycol Industry:
The polyethylene glycol market also provides you with
detailed market analysis for every country's growth in the installed base of
different kinds of products for the polyethylene glycol market, the impact of
technology using lifeline curves and changes in infant formula regulatory
scenarios and their impact on the polyethylene glycol market. The data is
available for the historic period 2011 to 2019.
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.
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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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