Polyalkylene Glycol Market is Likely to Clock a CAGR of 11.0% during 2015 - 2023
Polyalkylene glycols come under special synthetic lubricants owing to their increased oxygen content. If talking about lubricants, polyalkylene glycols are very clean, enabling usage where petroleum items will make sludges and tars. By changing their structure, the solubilities can also be varied from insoluble to water soluble. These are the one of a kind lubricants present with solubility in water.
The global polyalkylene glycol market is segmented as per the product, application, and region. In terms of product, the global polyalkylene glycol market is divided into polyethylene glycol, polypropylene glycol (PPG), and others (copolymers and higher adducts). Out of these, PPG and PEG account for the major share of the global polyalkylene glycols market. PPG is foreseen to remain as the important product type owing to the surging demand regarding lubricants.
As per the application, the global polyalkylene glycol market is categorized as personal care, polyurethane (PU) foam, lubricants, surface active agents, pharmaceutical, and so on. As far as volume is concerned, segment of PU foam led the global polyalkylene glycol market. On the flipside, in 2014, lubricants segment turned up as an important application accounting for over 15% of the market in terms of volume.
The information Presented in this Review is Based on Press-Release by TMR
According to a recent report by Transparency Market Research, the global polyalkylene glycol market is prognosticated to expand at a steady CAGR of 11.0% within the forecast period from 2015 to 2023. In 2014, the market was valued around worth of US$7.49 bn. By the end of forecast period, the market is expected to rise around US$16.96 bn.