North America 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 and Others), Form (Opaque Liquid, White Waxy Solid and Flakes/Powder), Application (Healthcare, Building And Construction, Industrial, Cosmetics/Personal Care and Others), Country (U.S., Canada and Mexico) 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 6.6% in the forecast period of 2021 to 2028 and is expected to reach USD 721,495.21 thousand by 2028.
Polyethylene glycol (PEG) is a petroleum-derived polyether, that finds numerous versatile applications in several walks of life including medicine, cosmetics, gas-chromatography, and so on. Although polyethylene glycol is capable of forming solutions with water as well as polar organic solvents such as ethanol, acetonitrile, benzene, and dichloromethane, it is insoluble in low polar liquids such as diethyl ether and hexane.
The structure and properties of polyethylene glycols are susceptible to variations with respect to the molecular weight, and further controls the form and grade of these chemicals.
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 market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
The polyethylene glycol market is categorized into three notable segments which are grade, form, and application. The growth among segments helps you analyze 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, polyethylene glycol 400 will dominate the market followed by polyethylene glycol 200, polyethylene glycol 300, polyethylene glycol 400 FCC grade, polyethylene glycol 3350, polyethylene glycol 4000, polyethylene glycol 6000, and others. The demand for pharmaceuticals and increased demand for ice-creams in China and India which make primary reason behind the dominance of polyethylene glycol 400 in this region.
- On the basis of form, the polyethylene glycol market is segmented into opaque liquid, white waxy solid, and flakes/powder. In 2021, opaque liquid dominates the market followed by flakes/ powder and white waxy solid. 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 is the primary reason for its dominance in the market.
- Based on application, the polyethylene glycol market is segmented into healthcare, building and construction, industrial, cosmetics/personal care and others. In 2021, healthcare dominates the market followed by industrial, cosmetics/personal care, building and construction, and others. The increasing health-related issues require medicines and ointments. Polyethylene glycol is utilized as a solvent as well as an active pharmaceutical ingredient in the ointment, creams, tablets, among others.
Polyethylene glycol Market Country Level Analysis
The polyethylene glycol market is analyzed and market size information is provided by country, grade, application, and form.
The countries covered in the Polyethylene glycol market report are the U.S., Canada and Mexico.
The U.S. in the North America polyethylene glycol market 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 impacts 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
North America Polyethylene glycol market also provides 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 2011 to 2019.
Competitive Landscape and Polyethylene Glycol Market Share Analysis
North America Polyethylene glycol market competitive landscape provides 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 North America polyethylene glycol market.
The major players covered in the report are 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, among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- 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.
Customization Available: North America Polyethylene Glycol Market
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