SABIC, Merck KGaA and Dow are Dominating in the Global Polyethylene Glycol Market in 2021

Global Polyethylene Glycol Market is expected to grow with a CAGR of 6.3% in the forecast period of 2021 to 2028. The years considered for the study areas are mentioned below.

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Global polyethylene glycol market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in the global polyethylene glycol market are introducing a strong range of product portfolio. This helped companies to maximize sales with an enhanced product portfolio. For instance, in January 2021, INEOS completed the acquisition of global aromatics and acetyls businesses from BP for USD 5.00 million. The acquisition is expected to improve the company’s reach in petrochemicals, particularly in the sales of purified terephthalic acid and paraxylene

SABIC is the dominating player in the global polyethylene glycol market. The other players included in the polyethylene glycol market are 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. and Shanghai Taijie Chemical Co., Ltd. among others.

Polyethylene Glycol MarketSABIC:

SABIC is headquartered in Riyadh, Saudi Arabia and was founded in 1976. The company is engaged in the development of medical devices, construction, packaging, agri-nutrients, transportation and clean energy products. The company deals in multiple business segments namely petrochemicals & specialties, agri-nutrients and hadeed among which petrochemicals & specialties is the market focused segment. The company has various products under categories such as polymers, specialties, chemicals, agri-nutrients and metals out of which chemicals is the market focused category.

For instance,

  • 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.

The company has wide presence across North America, Asia-Pacific, Europe and Middle East and Africa and it owns several subsidiaries such as SABIC Innovative Plastics (India), Black Diamond Structures LLC (U.S.), SABIC UK Ltd (U.K.), Sabic Luxembourg Sarl (Germany), SABIC France S.A.S. (France), GE Plastics China Ltd. (China) and SABIC Americas, Inc. (U.S.) among others.

Merck KGaA:

Merck KGaA is headquartered in Darmstadt, Germany and was founded in 1668. The company is involved in the research and development of the healthcare and life science related products. The company deals in multiple business segments namely healthcare, life science and performance materials among which life science is the market focused segment. The company has various products under categories such as chemistry and material science.

For instance,

  • In January 2020, Merck KGaA introduced a new product line named Milliflex Oasis which is microbial testing systems via membrane filtration method. The new product line offers 50 pioneer features and guarantees fast and secure microbial testing with impeccable traceability. The company intends to wipe out any completion with its advanced membrane filters and expects to improve its revenue.

The company has wide presence across North America, South America, Asia-Pacific, Europe and Middle East and Africa and it owns several subsidiaries such as Merck India (India), Sigma-Aldrich (U.S.), Allergopharma GmbH & Co. KG (Germany), AZ Electronic Materials (U.S.), Seven Seas (U.K.) among others.

Dow:

Dow is headquartered in Michigan, U.S. and was founded in 1897. The company delivers broad range of innovative and technology-based products and solutions in the packaging, industrial and infrastructure and consumer care industries. The company deals in multiple business segments namely packaging & specialty plastics, industrial intermediates & infrastructure and performance materials & coatings among which industrial intermediates & infrastructure is the market focused segment. The company has various products under categories such as additives and modifiers, optical materials, surfactants, emulsifiers and polyglycols, adhesives and sealants, plastic additives, waxes and powders, amines and chelates, polyethylene, elastomers and plastomers, polyurethanes, emulsions, fluids, blends and dispersions, release coatings and agents, foam control agents, resins, binders and film formers, gels, encapsulants and conformal coatings, silanes and siliconates, lubricants, heat transfer and deicing fluids, solvents and glycols, monomers and specialty polymers and compounds out of which surfactants, emulsifiers and polyglycols is the market focused category.

For instance,

  • In November 2020, Dow’s recycling program hosted by the company helps it to achieve the best sustainable product award organized by Chemical Week magazine. The award was granted to appreciate the company’s initiative to recycle its polyurethane foam used in mattresses incorporating the value chain. The award would improve the popularity and goodwill of the company which could also have a positive impact on its revenue.

The company has wide presence across North America, Latin America, Asia-Pacific, Europe and Middle East and Africa and it owns several subsidiaries such as The Dow Chemical Company (U.S.), Nova Scotia Company (Canada), Coodetec Desenvolvimento, Producao e Comercializacao Agricola Ltda (Brazil), Dow (Zhangjiagang) Holding Co., Ltd. (China) among others.