Global Polyethylene Glycol Market is Expected to Grow at 6.3% in the Forecast Period of 2021 to 2028

The Polyethylene Glycol Industry will relinquish an approximated estimate at a frequency of 6.3% for the projection space of 2021 to 2028 with factor such as as the rise in demand for pharmaceutical and cosmeceutical products. Moreover, the growth is also supplemented by the escalation in demand for polyethylene glycol for industrial production procedures as solvents, solubilizers, base and thickening agents.

The polyethylene glycol market has shown an exceptional penetration in countries such as China, U.S. and Germany. The growing demand for polyethylene glycols in the production of pharmaceutical and cosmetic products boosts their sales in developed countries. In developing countries, developments and popularity of the building and construction industry which is intertwined with the paint production industry is creating an opportunity for the polyethylene glycol market.

Global Polyethylene Glycol Market Scenario

According to Data Bridge Market Research, the market for polyethylene glycol in the Asia-Pacific region has the highest market share followed by North America and Europe. The market leader is SABIC which accounts an estimated market share of approximately 12% to 15% globally. The company has gained outstanding sales through its industrial and pharmaceutical grade polyethylene glycol.

  • In December 2020, SABIC announced that it would form a partnership with KraussMaffei HighPerformance AG which is a subsidiary of KraussMaffei primarily for the exchange of technical knowledge regarding high-performance injection molding systems. This partnership will help the company to utilize the center for thin-wall packaging at the NETSTAL plant in Näfels, Switzerland which in turn would increase the production and the research capability of the company regarding polymeric materials.

Polyethylene Glycol MarketTrends Impacting the Polyethylene Glycol Market

Now the question is which other regions SABIC, Merck KGaA and Dow are targeting? Data Bridge Market Research has forecasted a large growth in the Asia-Pacific polyethylene glycol market and the market leaders are targeting the China and Japan to be their next revenue pockets for 2021.

The polyethylene glycol market is becoming more competitive every year with companies such as regions SABIC, Merck KGaA and Dow as they are the market leaders for polyethylene glycol. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the polyethylene glycol market.

For more analysis on the polyethylene glycol market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-polyethylene-glycol-market

Polyethylene Glycol Market Development

  • In January 2021, trinamiX, a wholly-owned subsidiary of BASF SE has announced and demoed the company’s new cutting-edge technology in 3D face mapping which could be implemented behind OLED screens. The new technology has the potential to revolutionize face detection technology used in mobile devices as the new technology not only can capture 2-D pictures of the faces but also do 3-D depth mapping. The newly found technology would boost the company’s sales and market value and help the company to get a superior advantage in the respective market over its competitors.

Scope of the Polyethylene Glycol Market

Global polyethylene glycol market is segmented based on countries into the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, UAE, Saudi Arabia, Egypt, Israel, South Africa and rest of Middle East and Africa.

  • All country-based analysis of the polyethylene glycol market is further analyzed based on further segmentation. Based on grade, the polyethylene glycol market is segmented into polyethylene glycol 200, polyethylene glycol 300, polyethylene glycol 400, polyethylene glycol 400 FCC grade, polyethylene glycol 3350, polyethylene glycol 4000, polyethylene glycol 6000 and others. Based on form, the polyethylene glycol market is segmented into opaque liquid, white waxy solid and flakes/ powder. Based on application, the polyethylene glycol market is segmented into healthcare, building and construction, industrial, cosmetics/personal care and others.

To know more about the study https://www.databridgemarketresearch.com/reports/global-polyethylene-glycol-market

Key Pointers Covered in Polyethylene Glycol Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study
  • Market Supply Chain Competitiveness

Key Market Competitors Covered in the Report

  • SABIC
  • LOTTE Chemical CORPORATION
  • INEOS
  • Croda International Plc
  • BASF SE
  • Dow
  • Liaoning Oxiranchem, Inc.
  • India Glycols Limited
  • Mitsui Chemicals, Inc.
  • Merck KGaA
  • Liaoning Kelong Fine Chemical Co., Ltd.
  • Dynalene, Inc.
  • ProChem, Inc International
  • Noah Technologies Corporation
  • Mil-Spec Industries Corporation
  • GFS Chemicals, Inc.
  • Hefei TNJ Chemical Industry Co., Ltd.
  • Clariant
  • Shanghai Bronkow Chemical Co.,Ltd.
  • Shanghai Taijie Chemical Co., Ltd.

Above are the key players covered in the report, to know about more an exhaustive list of polyethylene glycol companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-polyethylene-glycol-market

Research Methodology: Global Polyethylene Glycol Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturers, Distributors and Industrial Professionals
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence and Regulatory Affairs Managers among others.

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