Middle East and Africa Polyethylene Glycol Market, By Grade (Polyethylene Glycol 200, Polyethylene Glycol 300, Polyethylene Glycol 400, Polyethylene Glycol 400 FCC Grade, Polyethylene Glycol 3350, Polyethylene Glycol 4000, Polyethylene Glycol 6000, Others), Form (Opaque Liquid, White Waxy Solid, Flakes/ Powder), Application (Healthcare, Building and Construction, Industrial, Cosmetics/Personal Care, Others), Country (UAE, Saudi Arabia, Egypt, Israel, South Africa and Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The polyethylene glycol market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.4% in the forecast period of 2021 to 2028 and is expected to reach USD 311,908.94 thousand by 2028.
PEG or polyethylene glycol is a polymeric material composed of ethylene oxide and water as monomers which are not only hydrophilic but also biocompatible, though it is a synthetic molecule synthesized by polymerization of ethylene oxide where a ring-opening takes place. As is it composed of water and ethylene oxide, it finds innumerable application in industries ranging from pharmaceuticals to construction.
The growth in the building and construction industry particularly in developing countries has increased the production and availability of different grades of polyethylene glycol, particularly for the use in water-based paints to provide a high-quality protective coating to them is driving the polyethylene glycol market. The viscosity instability in the compounds and molecules of polyethylene glycol & its derivatives along with the development of better substitutes can hinder the polyethylene glycol market and act as a restraint to the polyethylene glycol market. The excellent ophthalmic properties of PEG-400 as an eye drop application and its environmentally friendly nature are golden opportunities for every chemical industry to increase their market sales and revenue for the polyethylene glycol market. Though the demand for polyethylene glycol is increasing due to its less toxicity, low production of the raw materials from which polyethylene glycol is extracted and the expensive and time consumable nature of this synthesis process has not only resulted in an increased cost of raw material but also pose a challenge for the growth of the polyethylene glycol market.
This polyethylene glycol market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the polyethylene glycol market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
The polyethylene glycol market is segmented on the basis of the grade, application and form. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- 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. In 2021, the demand for pharmaceuticals and industrial products such as lubricants, paints, ceramic tiles and others make the primary reason behind the dominance of polyethylene glycol 400 segment.
- Based on form, the polyethylene glycol market is segmented into opaque liquid, white waxy solid and flakes/ powder. In 2021, opaque liquid segment dominates the market due to the widespread use of opaque liquid as a lubricating agent in the processing plants and as a wetting and thickening agent in cosmetics & medical auxiliaries.
- Based on application, the polyethylene glycol market is segmented into healthcare, building and construction, industrial, cosmetics/personal care and others. In 2021, healthcare segment dominates due to the increasing health-related issues which require medicines and ointments.
Polyethylene Glycol Market Country Level Analysis
The polyethylene glycol market is analysed and market size information is provided by the country, grade, application and form as referenced above.
The countries covered in the Middle East and Africa polyethylene glycol market report are UAE, Saudi Arabia, Egypt, Israel, South Africa and Rest of Middle East and Africa.
- In Middle East and Africa polyethylene glycol market, U.A,E is dominating the market due to the high demand for medical and paint products in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growths in the Polyethylene Glycol Industry
Middle East and Africa polyethylene glycol market also provide you with detailed market analysis for every country's growth in the installed base of different kinds of products for the polyethylene glycol market, the impact of technology using lifeline curves, and changes in infant formula regulatory scenarios and their impact on the polyethylene glycol market. The data is available for the historic period 2010 to 2019.
Competitive Landscape and Polyethylene Glycol Market Share Analysis
Middle East and Africa polyethylene glycol market competitive landscape provide details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the Middle East and Africa polyethylene glycol market.
The major players covered in the report is 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. and Shanghai Taijie Chemical Co., Ltd other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of polyethylene glycol market.
- 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.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for polyethylene glycol through expanded range of size.
Customization Available: Middle East and Africa Polyethylene Glycol Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market, and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.