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.
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.
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.
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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.
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Key Market Competitors Covered in the Report
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
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.
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Global Polyethylene Glycol Market – Industry Trends and Forecast to 2028
Asia-Pacific Polyethylene Glycol Market – Industry Trends and Forecast to 2028
Europe Polyethylene Glycol Market – Industry Trends and Forecast to 2028
Middle East and Africa Polyethylene Glycol Market – Industry Trends and Forecast to 2028
North America Polyethylene Glycol Market – Industry Trends and Forecast to 2028