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World Polyethylene Glycol Market - Opportunities and Forecast, 2017 - 2023

  • ID: 3773383
  • Report
  • September 2019
  • Region: Global
  • Allied Analytics LLP
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Polyethylene glycol (PEG) is a polyether compound largely used as a solvent, lubricant and solubility agent in various industrial applications. The forms and molecular weight of PEG varies according to the type of initiator used for its polymerization process. Due to its excellent characteristics, such as non-toxicity, hygroscopicity, solubility in the organic solvents, PEG is emerged as a lubricating solution in pharmaceutical applications, such as manufacturing of tablets and ointments. Moreover, increasing acceptance of waterborne coatings and paints in the construction and automotive industry is also expected to boost the demand of PEG as a wear resistant solvent. The construction, pharmaceutical and automotive industries are experiencing a surging growth in Asia Pacific and Latin American region owing to rise in disposable income and rapid urbanization. Therefore, PEG is expected to gain substantial demand from these aforementioned industries, in coming years. However, the stringent environmental regulations associated with manufacturing of pharmaceutical and personal care products, may hinder the market growth.

The world polyethylene glycol market is segmented on the basis of end-user industry and geography. In terms of end-user, the market is segmented into medical, personal care, industrial and others. PEG is largely used in various areas of medical industries including solvents, constipation treatments, tablet fillers, ointments, delivery liquid for medications etc. Geographically, the market is segmented into North America, Europe, Asia Pacific and LAMEA.

The major companies are adopting product launch as one of the key strategies to maintain their competitiveness in the global market. For instance, in 2014, Dow Chemical has launched CARBOWAX and CARBOWAX SENTRY MW 200 1000 polyethylene glycols. These PEG are water-soluble liquid or solid polymers used in various applications such as adhesives, ceramics, chemical intermediates, paints and coatings, personal care, textiles, and wood treatment, agriculture, lubricants, printing and inks and household products. The key players of the market includes BASF, The Dow Chemical Company, Croda Inc., Ineos, Liaoning Oxiranchem, Jiangsu Haian Petrochemical Plant and India Glycols etc.

KEY MARKET BENEFITS

The report provides an in-depth analysis of the world polyethylene glycol market, including information about the current market situation, changing market dynamics, expected trends and market intelligence.
The factors which drive and impede the growth of the world polyethylene glycol market are comprehensively analyzed in this report.
Value chain analysis of the industry illustrates a clear understanding about the various stakeholders involved in the market.
The report contains a comprehensive study of the key strategies adopted by companies to gain traction in the market.
SWOT analysis highlights the internal environment of leading companies for effective strategy formulation.
Micro level analysis is conducted based on various potential applications of polyethylene glycol and its usage in different regions.
The report provides the quantitative analysis of the current market and estimations through 2014-2020 that assists in identifying the prevailing market opportunities.

KEY MARKET SEGMENTS

Market - By End Use Industry

Medical
Personal care
Industrial
Others

Market - By Geography

North America
Europe
Asia pacific
LAMEA

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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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