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Polyalkylene Glycol Market Size in the lubricants sector to grow at 10.5% CAGR till 2024

Author : Ronak Bora | Published Date : 2019-08-09 

Polyalkylene glycol market size in the lubricants sector is slated to expand at a cumulative rate of more than 10.5% over the coming timeframe, subject to the growing use of the product in car engines, aircrafts, vehicle parts, and marine applications for enhancing their performance. Surging product demand subject to its beneficial characteristics such as eco-friendliness and oxidation stability is certain to impel the regional growth.

The personal care sector is expected to prominently influence the growth of polyalkylene glycol market, as the product is extensively used to manufacture hair items, toothpastes, and shampoos. Growing consumer consciousness about maintaining cleanliness coupled with the rise in their incomes will drive the business growth.

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Polypropylene glycol (PPG) and polyethylene glycol (PEG) are the key products of polyalkylene glycol industry. PPG, which made major contributions toward the overall polyalkylene glycol revenue in 2016, is likely to have a major impact on the industry growth over the coming years. PPG is widely used in the production of PU foams, which finds major applications across automotive and aviation sectors.

Polyethylene glycol (PEG) is projected to witness an impressive growth over the next few years and will further drive the business space, subject to the massive product applications as functional fluids and lubricant agents in the automobile, plastics, pharmaceuticals, and chemical sectors.

Strong demand for polyurethane (PU) foam which are extensively utilized across several industries including automobile, construction, textile, electronics, sculpture, etc. will help make prominent contribution to the overall polyalkylene glycol market by 2024. Excellent PU foam characteristics includes versatile nature which can be customized and tailored for specific applications and henceforth making it desirable across aforementioned industries.

In 2016, North America attained a significant share of the global polyalkylene glycol market was over USD 2 billion. It is chiefly due to strong automotive industry growth which is due to rising R&D investment which propelled PU foam demand and lubricant applications. In addition, rapid personal care industry growth owing to substantial consumer disposable income will drive polyalkylene market by 2024.

The global polyalkylene glycol market share was exceedingly competitive in 2016 due to the presence of prominent players including Dow, INEOS, LyondellBasell, BASF, Clariant, SABIC, DuPont and Repsol.

Glimpse of Table of Content (ToC)

Chapter 4.  Polyalkylene Glycol Market, By Product

4.1.  Polyalkylene glycol market share by product, 2016 & 2024

4.2.  Polyethylene Glycol (PEG)

4.2.1.     Market estimates and forecasts, 2013 - 2024

4.2.2.     Market estimates and forecasts by region, 2013 – 2024

4.3.  Polypropylene Glycol (PPG)

4.3.1.     Market estimates and forecasts, 2013 - 2024

4.3.2.     Market estimates and forecasts by region, 2013 – 2024

4.4.  Others

4.4.1.     Market estimates and forecasts, 2013 - 2024

4.4.2.     Market estimates and forecasts by region, 2013 – 2024

Chapter 5.  Polyalkylene Glycol Market, By Application

5.1.  Polyalkylene glycol market share by Application, 2016 & 2024

5.2.  Polyurethane foam

5.2.1.     Market estimates and forecasts, 2013 - 2024

5.2.2.     Market estimates and forecasts by region, 2013 – 2024

5.3.  Functional fluids

5.3.1.     Market estimates and forecasts, 2013 - 2024

5.3.2.     Market estimates and forecasts by region, 2013 – 2024

5.4.  Lubricants

5.4.1.     Market estimates and forecasts, 2013 - 2024

5.4.2.     Market estimates and forecasts by region, 2013 – 2024

5.5.  Personal care

5.5.1.     Market estimates and forecasts, 2013 - 2024

5.5.2.     Market estimates and forecasts by region, 2013 – 2024

5.6.  Pharmaceuticals

5.6.1.     Market estimates and forecasts, 2013 - 2024

5.6.2.     Market estimates and forecasts by region, 2013 – 2024

5.7.  Surface active agents

5.7.1.     Market estimates and forecasts, 2013 - 2024

5.7.2.     Market estimates and forecasts by region, 2013 – 2024

5.8.  Others

5.8.1.     Market estimates and forecasts, 2013 - 2024

5.8.2.     Market estimates and forecasts by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/polyalkylene-glycol-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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