PUBLISHER: Value Market Research | PRODUCT CODE: 1547978
PUBLISHER: Value Market Research | PRODUCT CODE: 1547978
The global demand for Polyalkylene Glycol Market is presumed to reach the market size of nearly USD 36.96 Billion by 2032 from USD 14.34 Billion in 2023 with a CAGR of 11.09% under the study period 2024-2032.
Polyalkylene Glycol or PAG l is a synthetic lubricant oil obtained by the reaction of a glycol with alkylene oxides. They are commonly used in the formulation of high performing lubricants used in industrial applications. Some of the applications are gear oils, textile lubricants, compressor oils, hydraulic fluids used in fire resistance and in metallurgy. PAG oils are generally resistant to moisture and do not form any acids. Hence, they are used in automotive air conditioning systems. They are eco-friendly and a sustainable kind which can extend the gear's life.
Rapid industrialization is the main driving force behind the growth of the PAG market. The versatility of PAG and its use over a wide range of industries like aerospace, automotive, chemical and pharmaceutical will greatly benefit the market for a long time. Increased disposable income and growing demand for better consumer products will propel the growth of this market in the sectors of personal care and household appliances. Being a sustainable and eco-friendly product will further boost the market. COVID-19 pandemic will have a positive impact since PAG products are used in the detection of viruses in environmental samples. The main restraints for market growth are the volatility of prices of raw materials and high production costs involved.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Polyalkylene Glycol. The growth and trends of Polyalkylene Glycol industry provide a holistic approach to this study.
This section of the Polyalkylene Glycol market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Polyalkylene Glycol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Polyalkylene Glycol market include SABIC, BASF SE, The Dow Chemical Company, Covestro AG, LyondellBasell Industries Holdings B.V., INEOS, Biochempeg, Alpek S.A.B De C.V., DuPont, Huntsman International LLC, AGC Chemicals, India Glycols Limited, Repsol, Croda International Plc, Exxon Mobile Corporation, Idemitsu Kosan Co. Ltd., Clariant. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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