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Polyalkylene Glycols Market

Polyalkylene Glycols Market Forecasts to 2028 – Global Analysis By Form (Powder, Liquid), Solubility (Water, Oil), Application (Lubricants, Personal Care), Distribution Channel (Offline, Online) and By Geography

4.2 (66 reviews)
Published: July 2021 ID: SMRC20745
4.2 (66 reviews)
Published: July 2021 ID: SMRC20745

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Polyalkylene Glycols Market is accounted for $2.66 billion in 2020 and is expected to reach $7.43 billion by 2028 growing at a CAGR of 13.7% during the forecast period. Growing automotive industry in Asia-Pacific, increase in consumption of synthetic lubricant and automotive lubricants are driving the market growth. However, fluctuating crude oil prices and high costs of the product over conventional mineral oils are hampering the growth of the market.
 
Polyalkylene glycol is a common name for the homopolymers or copolymers of ethylene oxide, propylene oxide, or propylene oxide. It occurs when one or more alkylene oxides react with alcohol. It is a hydrofluorocarbon that is produced from ethylene oxides or propylene oxides. Polyalkylene glycol copolymers are obtained from ethylene oxides that provide the finest friction control and act as an alternative to hydrocarbon lubricants.
 
Based on the type, the polypropylene glycol (PPG) segment is going to have lucrative growth during the forecast period owing to its increasing usage in a variety of foams, increasing demand for polypropylene glycol for various applications and suitable for widespread use in sectors such as chemical, medicinal, personal care, and plastics because of its flexible features. By geography, Asia Pacific is going to have high growth during the forecast period due to the growing automotive industry and the emerging the industrial sector, rising population, along with rapid industrialization and urbanization, the increased purchasing capacity of customers in the region resulting in enhanced lifestyle dynamics and strong demand for polyalkylene glycol in various applications, including manufacturing, automobile, and construction.

Some of the key players profiled in the Polyalkylene Glycols Market include Stepan Company, PAN Asia Chemical Corporation, Ineos Group, Ashland Inc., Huntsman Corporation, Exxon Mobil, Dow Chemical Company, Croda International PLC., BASF SE, Clariant AG, AkzoNobel N.V. and Idemitsu Kosan Co.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 2.66 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

13.7%

Predicted 2028 Value:

USD 7.43 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

288

Chapters Covered:

Form, Type, Solubility, Application, Distribution Channel and Region

Core Drivers and Opportunities:

  • Increasing consumption of synthetic lubricant and automotive lubricants
  • Growing automotive industry in Asia-Pacific
  • Emerging Application of Polyalkylene Glycols

Restraining Factors & Market Threats:

  • High costs of the product over conventional mineral oils
  • Fluctuating crude oil prices


Forms Covered:
• Powder
• Liquid

Types Covered:
• Polypropylene Glycol (PPG)
• Polyethylene Glycol (PEG)
• Higher Polyols-Adducts
• Copolymers   

Solubility’s Covered:
• Water Soluble
• Oil Soluble
• Mineral Oil Soluble 

Applications Covered:
• Functional Fluids
• Polyurethane Foam
• Lubricants
• Surface Active Agents
• Personal Care
• Pharmaceutical
• Other Applications

Distribution Channels Covered:
• Offline
• Online 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Polyalkylene Glycols Market is majorly driven by growing automotive industry in Asia-Pacific and increase in consumption of synthetic lubricant and automotive lubricants.

The polypropylene glycol (PPG) segment is growing at a highest CAGR due to its increasing usage in a variety of foams, rising demand for polypropylene glycol for various applications and suitable for widespread use in sectors because of its flexible features.

North America dominated with a significant market share due to the growing demand for polyethylene and polypropylene glycol products in automotive, construction, and other industries.

Asia Pacific region is growing at a highest CAGR owing to the growing automotive industry, the emerging industrial sector, amplified local manufacturing, and increased number of domestic players in various vertical market segments.

Key players in Polyalkylene Glycols Market include Stepan Company, PAN Asia Chemical Corporation, Ineos Group, Ashland Inc., Huntsman Corporation, Exxon Mobil, Dow Chemical Company, Croda International PLC., BASF SE, Clariant AG, AkzoNobel N.V. and Idemitsu Kosan Co.

1 Executive Summary           
             
2 Preface            

 2.1 Abstract           
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology         
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources        
  2.5.2 Secondary Research Sources        
  2.5.3 Assumptions         
              
3 Market Trend Analysis          
 3.1 Introduction          
 3.2 Drivers           
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats           
 3.6 Application Analysis         
 3.7 Emerging Markets          
 3.8 Impact of Covid-19          
             
4 Porters Five Force Analysis          
 4.1 Bargaining power of suppliers         
 4.2 Bargaining power of buyers         
 4.3 Threat of substitutes         
 4.4 Threat of new entrants         
 4.5 Competitive rivalry          
             
5 Global Polyalkylene Glycols Market, By Form        
 5.1 Introduction          
 5.2 Powder           
 5.3 Liquid           
             
6 Global Polyalkylene Glycols Market, By Type        
 6.1 Introduction          
 6.2 Polypropylene Glycol (PPG)         
 6.3 Polyethylene Glycol (PEG)         
 6.4 Higher Polyols-Adducts         
 6.5 Copolymers          
             
7 Global Polyalkylene Glycols Market, By Solubility        
 7.1 Introduction           
 7.2 Water Soluble          
 7.3 Oil Soluble           
 7.4 Mineral Oil Soluble          
             
8 Global Polyalkylene Glycols Market, By Application       
 8.1 Introduction          
 8.2 Functional Fluids          
 8.3 Polyurethane Foam          
  8.3.1 Flexible Foam         
  8.3.2 Rigid Foam         
 8.4 Lubricants          
  8.4.1 Textile Lubricants         
  8.4.2 Refrigeration Oil         
  8.4.3 Metal Working Fluids        
  8.4.4 Gear Lubricants         
  8.4.5 Food Grade Lubricants        
  8.4.6 Fire Resistant Hydraulic Fluids        
  8.4.7 Compressor Lubricants        
  8.4.8 Automotive Applications        
  8.4.9 Other Lubricants         
   8.4.9.1 Process Oils        
   8.4.9.2 Industrial Oils        
   8.4.9.3 Hydraulic Oils        
 8.5 Surface Active Agents         
  8.5.1 Non-Ionic Surfactants        
  8.5.2 Cationic Surfactants         
  8.5.3 Anionic Surfactants         
 8.6 Personal Care          
  8.6.1 Skin Care           
   8.6.1.1 Moisturizers         
   8.6.1.2 Lotions         
   8.6.1.3 Creams         
  8.6.2 Oral Care          
   8.6.2.1 Toothpastes        
   8.6.2.2 Mouthwash        
  8.6.3 Hair Care          
   8.6.3.1 Shampoo         
   8.6.3.2 Serums         
   8.6.3.3 Conditioner        
  8.6.4 Perfume & Deodorants        
 8.7 Pharmaceutical          
  8.7.1 Medicines         
  8.7.2 Creams & Gels         
 8.8 Other Applications           
  8.8.1 Intermediates         
  8.8.2 Chemical Intermediates        
  8.8.3 Additive          
             
9 Global Polyalkylene Glycols Market, By Distribution Channel       
 9.1 Introduction          
 9.2 Offline           
 9.3 Online           
             
10 Global Polyalkylene Glycols Market, By Geography        
 10.1 Introduction          
 10.2 North America          
  10.2.1 US          
  10.2.2 Canada          
  10.2.3 Mexico          
 10.3 Europe           
  10.3.1 Germany          
  10.3.2 UK          
  10.3.3 Italy          
  10.3.4 France          
  10.3.5 Spain          
  10.3.6 Rest of Europe         
 10.4 Asia Pacific          
  10.4.1 Japan          
  10.4.2 China          
  10.4.3 India          
  10.4.4 Australia          
  10.4.5 New Zealand         
  10.4.6 South Korea         
  10.4.7 Rest of Asia Pacific         
 10.5 South America          
  10.5.1 Argentina         
  10.5.2 Brazil          
  10.5.3 Chile          
  10.5.4 Rest of South America        
 10.6 Middle East & Africa         
  10.6.1 Saudi Arabia         
  10.6.2 UAE          
  10.6.3 Qatar          
  10.6.4 South Africa         
  10.6.5 Rest of Middle East & Africa        
             
11 Key Developments           
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 11.2 Acquisitions & Mergers         
 11.3 New Product Launch         
 11.4 Expansions          
 11.5 Other Key Strategies         
             
12 Company Profiling           
 12.1 Stepan Company          
 12.2 PAN Asia Chemical Corporation        
 12.3 Ineos Group           
 12.4 Ashland Inc.          
 12.5 Huntsman Corporation         
 12.6 Exxon Mobil           
 12.7 Dow Chemical Company         
 12.8 Croda International PLC.         
 12.9 BASF SE           
 12.10 Clariant AG          
 12.11 AkzoNobel N.V.          
 12.12 Idemitsu Kosan Co.          


List of Tables            
1 Global Polyalkylene Glycols Market Outlook, By Region (2019-2028) ($MN)      
2 Global Polyalkylene Glycols Market Outlook, By Form (2019-2028) ($MN)      
3 Global Polyalkylene Glycols Market Outlook, By Powder (2019-2028) ($MN)     
4 Global Polyalkylene Glycols Market Outlook, By Liquid (2019-2028) ($MN)     
5 Global Polyalkylene Glycols Market Outlook, By Type (2019-2028) ($MN)      
6 Global Polyalkylene Glycols Market Outlook, By Polypropylene Glycol (PPG) (2019-2028) ($MN)   
7 Global Polyalkylene Glycols Market Outlook, By Polyethylene Glycol (PEG) (2019-2028) ($MN)   
8 Global Polyalkylene Glycols Market Outlook, By Higher Polyols-Adducts (2019-2028) ($MN)    
9 Global Polyalkylene Glycols Market Outlook, By Copolymers (2019-2028) ($MN)     
10 Global Polyalkylene Glycols Market Outlook, By Solubility (2019-2028) ($MN)     
11 Global Polyalkylene Glycols Market Outlook, By Water Soluble (2019-2028) ($MN)     
12 Global Polyalkylene Glycols Market Outlook, By Oil Soluble (2019-2028) ($MN)     
13 Global Polyalkylene Glycols Market Outlook, By Mineral Oil Soluble (2019-2028) ($MN)    
14 Global Polyalkylene Glycols Market Outlook, By Application (2019-2028) ($MN)     
15 Global Polyalkylene Glycols Market Outlook, By Functional Fluids (2019-2028) ($MN)    
16 Global Polyalkylene Glycols Market Outlook, By Polyurethane Foam (2019-2028) ($MN)    
17 Global Polyalkylene Glycols Market Outlook, By Flexible Foam (2019-2028) ($MN)     
18 Global Polyalkylene Glycols Market Outlook, By Rigid Foam (2019-2028) ($MN)     
19 Global Polyalkylene Glycols Market Outlook, By Lubricants (2019-2028) ($MN)     
20 Global Polyalkylene Glycols Market Outlook, By Textile Lubricants (2019-2028) ($MN)    
21 Global Polyalkylene Glycols Market Outlook, By Refrigeration Oil (2019-2028) ($MN)    
22 Global Polyalkylene Glycols Market Outlook, By Metal Working Fluids (2019-2028) ($MN)    
23 Global Polyalkylene Glycols Market Outlook, By Gear Lubricants (2019-2028) ($MN)     
24 Global Polyalkylene Glycols Market Outlook, By Food Grade Lubricants (2019-2028) ($MN)    
25 Global Polyalkylene Glycols Market Outlook, By Fire Resistant Hydraulic Fluids (2019-2028) ($MN)   
26 Global Polyalkylene Glycols Market Outlook, By Compressor Lubricants (2019-2028) ($MN)    
27 Global Polyalkylene Glycols Market Outlook, By Automotive Applications (2019-2028) ($MN)    
28 Global Polyalkylene Glycols Market Outlook, By Other Lubricants (2019-2028) ($MN)    
29 Global Polyalkylene Glycols Market Outlook, By Surface Active Agents (2019-2028) ($MN)    
30 Global Polyalkylene Glycols Market Outlook, By Non-Ionic Surfactants (2019-2028) ($MN)    
31 Global Polyalkylene Glycols Market Outlook, By Cationic Surfactants (2019-2028) ($MN)    
32 Global Polyalkylene Glycols Market Outlook, By Anionic Surfactants (2019-2028) ($MN)    
33 Global Polyalkylene Glycols Market Outlook, By Personal Care (2019-2028) ($MN)     
34 Global Polyalkylene Glycols Market Outlook, By Skin Care (2019-2028) ($MN)     
35 Global Polyalkylene Glycols Market Outlook, By Oral Care (2019-2028) ($MN)     
36 Global Polyalkylene Glycols Market Outlook, By Hair Care (2019-2028) ($MN)     
37 Global Polyalkylene Glycols Market Outlook, By Perfume & Deodorants (2019-2028) ($MN)    
38 Global Polyalkylene Glycols Market Outlook, By Pharmaceutical (2019-2028) ($MN)     
39 Global Polyalkylene Glycols Market Outlook, By Medicines (2019-2028) ($MN)     
40 Global Polyalkylene Glycols Market Outlook, By Creams & Gels (2019-2028) ($MN)     
41 Global Polyalkylene Glycols Market Outlook, By Other Applications (2019-2028) ($MN)     
42 Global Polyalkylene Glycols Market Outlook, By Intermediates (2019-2028) ($MN)     
43 Global Polyalkylene Glycols Market Outlook, By Chemical Intermediates (2019-2028) ($MN)    
44 Global Polyalkylene Glycols Market Outlook, By Additive (2019-2028) ($MN)     
45 Global Polyalkylene Glycols Market Outlook, By Distribution Channel (2019-2028) ($MN)    
46 Global Polyalkylene Glycols Market Outlook, By Offline (2019-2028) ($MN)     
47 Global Polyalkylene Glycols Market Outlook, By Online (2019-2028) ($MN)     
             
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

 

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