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Polyalkylene Glycols Market by Type, and by Application - Global Trends & Forecasts to 2020

Polyalkylene Glycols Market: Forecasts until 2020

  • December 2015
  • 143 pages
  • ID: 3458903
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"The PAGs market is intended to reach ~$2.6B by 2020"

The PAGs' market value is forecasted to reach ~$2.6B by 2020, at a compound annual growth rate (CAGR) of 11.70 percent from 2015 to 2020. The quick increase in end-use markets like automotive, textile, oil & gas, and food processing is one of the main reasons which is predicted to push the demand for PAGs. The increasing automobile industry in emerging economies is driving the demand of PAGs for lubricants application. The demand of PAGs is also driven by its growing usage in oil & gas application in the Middle Eastern countries.

"Lubricants application is forecasted to dominate the PAGs market during projection period"

The lubricants application segment controled the overall PAGs market in 2014. The lubricants application is also anticipated to register the maximum growth rate from 2015 to 2020, closely followed by surface active agents. Polyethylene glycol is the most commonly used type of PAGs due to its increasing demand in lubricants and pharmaceutical applications.

"Asia-Pac expected to be quickest increasing market during the outlook period"

Asia Pacific (APAC) is forecasted to be the biggest and quickest-increasing market for PAGs in the globe. This is attributed to the presence of emerging economies including India and China (CN). North America continent is anticipated to remain the second-largest market for PAGs on account of its flourishing packaged food and healthcare sectors.

"Emerging applications: opportunity for the PAGs market"

The emerging applications of PAGs in industries including turbine and marine vessels present a main opportunity for the PAGs market. The wind turbine market is increasing as a main consumer of PAGs as wind energy projects are gaining popularity across the globe. Earlier, the turbine sector used API group II and III hydrocarbon oil, which have led to several turbine equipment failures. The use of PAGs in turbines have been approved as it benefits the equipment to work under extreme pressure due to its excellent deposit control characteristics.

Distribution of profile of primary members taking part for the study

- By Company Type - Tier 1 - 37.0 percent, Tier 2 - 50.0 percent, and 1/3 3 - 13.0 percent

- By Designation - C Level- 50.0 percent, Director Level - 31.0 percent, Others - 19.0 percent

- By area - North america (NA) - 31.0 percent, Europe - 38.0 percent, Asia-Pacific - 25.0 percent, and rest of the world - 6.0 percent

The analysis includes company profiles of main actors; recent activities in the market including new product launches, business developments, and Research and development; and SWOT study. Some of the main firms decribed in this business report are the Dow Chemical Company, BASF SE, Ineos Group, Clariant AG, Huntsman Corporation, Idemitsu Kosan Co., Ashland incorporated, Exxon Mobil, AkzoNobel N.V., and Stepan Company.

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