Polyethylene Glycol Market 2021: Product Specification, Growth Drivers, Applications and Forecast to 2027

MARKET INTRODUCTION

Polyethylene Glycol (PEG) is a flexible polymer compound that can be used in a variety of industries, including automotive, chemical, pharmaceutical, personal care, and plastics. It is also used in the practical fluid and lubricant formulations of aerospace, automotive, machinery, and refrigeration industries. PEG is a very common ingredient used for laxatives. It can also be used as an excipient in other medication formulations such as pills, capsules, powders, and syrups.

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MARKET DYNAMICS

Increased production of eye drops and laxatives, combined with the pharmaceutical industry's growth, has increased the use of polyethylene glycol as a solvent that will fuel the development of the market for polyethylene glycol in the future. Increased demand for paints and water-based coatings for use in the construction and automotive industries has also increased the demand for polyethylene glycol due to low volatile organic combustion (VOC). It will also have a positive impact on the market. Also, as households and the construction industry are critical consumers of ceramic tiles, any improvement in these sectors would increase the demand for polyethylene glycol over the next decade. Furthermore, increased demand for skincare and cosmetic products would also boost the supply for polyethylene glycol. Some of the new studies being carried out in the field of research and development, such as the development of polyethylene glycol hydrogels that are used as adhesives for wound healing, wound closure, dopamine regenerative medicine method, tissue models, and cell cultures, will lead to opportunities for the polyethylene glycol industry. Thus all these factors will positively impact its demand in the market.

MARKET SCOPE

The "Global Polyethylene glycol Market Analysis to 2027" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the polyethylene glycol market with detailed market segmentation by grade, form, application and geography. The global polyethylene glycol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polyethylene glycol market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global polyethylene glycol market is segmented on the basis of grade, form, and application. On the basis of grade the global polyethylene glycol market is segmented into polyethylene glycol 200, polyethylene glycol 300, polyethylene glycol 400, polyethylene glycol 3350, and others. By form the polyethylene glycol market is classified into opaque liquid, white waxy solid, and flakes/ powder. Based on application the global polyethylene glycol market is segmented into healthcare, building and construction, industrial, cosmetics/ personal care, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polyethylene glycol market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The polyethylene glycol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the polyethylene glycol market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the polyethylene glycol market in these regions.

MARKET PLAYERS

The reports cover key developments in the polyethylene glycol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from polyethylene glycol market are anticipated to lucrative growth opportunities in the future with the rising demand for polyethylene glycol in the global market. Below mentioned is the list of few companies engaged in the polyethylene glycol market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the polyethylene glycol market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BASF
•   Dow Chemical
•   India Glycols
•   Ineos
•   Liaoning Oxiranchem
•   Croda
•   Merck KGaA
•   Oxiteno
•   SABIC
•   Spectrum Chemical Manufacturing Corp

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