Global Polyalkylene Glycol market 2018-2022

Overview of the global polyalkylene glycol market

PU foams are extensively used in the automotive industry as a prominent material in automotive seating. The production of PU foams requires the application of polyalkylene glycol as an important material due to its superior properties. The demand for PU foams is increasing as they are used for various purposes including instrumental panels, boat floors and tire-covers, and bed liners. It has been observed that PU foam solutions offer shorter production time, higher quality, and emits lesser volatile organic compounds (VOC). This will further boost the demand for PU foams and the consumption of polyalkylene glycol in its production process. Technavio’s market research report identifies that the increasing demand for PU foams will be one of the primary growth drivers for the global polyalkylene glycol market till 2022. Technavio’s market research analysts predict that the market will grow at a CAGR of more than 11% by 2022.

The rising demand for PU foams from various industries such as construction, automotive, and aerospace in various regions, especially countries like India and China will drive the adoption rate of polyalkylene glycol in the APAC region. The need for polyalkylene glycol-based lubricants is increasing in the region due to factors such as growth of the construction and automotive industries. This will drive the growth prospects for the polyalkylene glycol market in the region during the estimated period.

Companies covered

The polyalkylene glycol market appears to be fragmented. This industry research report offers information about the competitive environment among players in this marketspace and offers an analysis of key companies and their products. Additionally, the report also offers information about key areas the players currently focus on and strategies they are following to sustain in this competitive market.

This research report provides an analysis of various companies in the polyalkylene glycol (PAG) market including –

• BASF
• Bayer
• DowDuPont
• Royal Dutch Shell
• SABIC

Segmentation by product and analysis of the polyalkylene glycol market

• Polypropylene glycol
• Polyethylene glycol

PU foams are available in different forms such as rigid, spray, and flexible. These foams require poly propylene glycol to permit the dry composite to blend with other ingredients. In addition, they are used in the formulation of de-icing agents. The demand for polypropylene as lubricants from the automotive and aviation industries is positively influencing the market’s growth in the poly propylene glycol segment.

Segmentation by application and analysis of the polyalkylene glycol market

• PU foams
• Lubricants
• Personal care
• Pharmaceuticals

The demand for polyalkylene glycol from the PU foams sector  is increasing because PU foams with polyalkylene glycol provides long-term, accurate, and high-performance insulation and offers better moisture resistance. There is an increase in the demand for PU foams from construction, refrigeration, automotive, and aerospace industries. The expansion in these industries will further boost the need for PU foams, which in turn, will propel the market’s growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global polyalkylene glycol market?
• What are the key market trends impacting the growth of the global polyalkylene glycol market?
• What are the challenges to market growth?
• Who are the key vendors in the global polyalkylene glycol market?
• What are the market opportunities and threats faced by the vendors in the global polyalkylene glycol market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global polyalkylene glycol market?

Technavio also offers customization on reports based on specific client requirement.