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Request Now !Polyethylene glycol is also known as polyoxyethylene or polyethylene oxide. It occurrs when one or more alkylene oxides react with an alcohol. It is a hydro fluorocarbon that is mainly produced from ethylene oxides or propylene oxides. Polyalkylene glycol copolymers are obtained from ethylene oxides that provide finest friction control and act as an alternative to hydrocarbon lubricants. Polyalkylene glycol holds enhanced lubricant properties such as great viscosity index and low toxicity. It is used in various applications such as turbine oils, gear lubricants, pharmaceuticals, hydraulic fluid lubricants, textile, industrial air compressor fluids, and others. Among all the applications, polyalkylene glycols are largely used as lubricants in textile manufacturing equipment as extreme pressure gear lubricants.
Market scope and structure analysis:
           Report Metric |                        Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2020–2027 |
 Forecast unit |  Value (USD Million) |
 Segments covered |  Type, Solubility, Application |
 Companies covered |
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Increase in consumption of synthetic lubricant and automotive lubricants across the globe are expected to drive the growth of the polyalkylene glycol market. Rise in demand for polyurethane (PU) foam has influenced the demand for polyalkylene glycol (PAG) across various industries such as furniture, automobiles, sculpture, decoration, building & construction, electronic, adhesives, and footwear. Demand for accelerating lubricants in the automobile industry drives the polyalkylene glycol market growth. Polyethylene glycol is used in toothpaste as a dispersant. In this process, it binds water and helps to keep xanthan gum uniformly distributed throughout the toothpaste.The polyalkylene glycol market is expected to grow, owing to superior properties over petroleum lubricants and its use as chemical intermediates and surface active agents. Polyalkylene glycol has various benefits, including environment-friendly nature, best lubrication for compressors, low volatility in high-temperature applications, prominent energy efficiency, easy clean-up of the equipment, widespread scope for innovation, and water solubility.Â
However, Instability in crude oil prices is expected to hinder the polyalkylene glycol market growth. Furthermore, the availability and entry of new substitute compounds and high costs of the product over conventional mineral oils hamper the growth of the polyalkylene glycol market.
By region, the polyalkylene glycol market is segmented into North America, Europe, AsiaPacific, and LAMEA. Asia-Pacific has the largest market share in the global polyalkylene glycol market. Product opportunities in personal care, pharmaceuticals, construction, automotive, and aerospace industries in Asia-Pacific are expecred to create lucrative opportunities for the polyalkylene glycol market. Growth in population in China and India along with rapid industrialization and urbanization has led to the development of the construction industry, which boosts the demand for polyalkylene foam and drives the industry growth. The automotive industry is a main end user of polyalkylene glycol-based lubricants. These lubricants are used in engine oils, gear oils, bearing oils, compressor oils, grease, heat transfer fluids, transmission fluids, and metalworking fluids. Furthermore, increase in demand from the automotive sector drives the polyalkylene glycol market.
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Polyalkylene Glycol Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights
Aspects | Details |
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By Type |
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By Solubility |
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By Application |
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By Region |
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Key Market Players | BASF SE, The Dow Chemical Company, INEOS Group AG, Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries N.V., DuPont, Royal Dutch Shell, Bayer AG, Repsol Group, Clariant International Ltd., Huntsman International LLC, Akzonobel N.V., Exxon Mobil, Croda International PLC, Idemitsu Kosan Co. |
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