Dublin, October 4, 2023 (GLOBE NEWSWIRE) — The “Polyalkylene Glycols – Global Strategic Business Report” the report has been added to ResearchAndMarkets.com offer.
The global polyalkylene glycols market, valued at US$2.4 billion in 2022, is expected to grow substantially, reaching a projected size of US$5.2 billion by 2030. This growth is expected to occur at a rate remarkable compound annual growth rate (CAGR) of 10.2% over the analysis period from 2022 to 2030.
Among the segments analyzed in the report, the polypropylene glycol segment is expected to register a robust CAGR of 10.8%, reaching US$ 3.2 billion by the end of the analysis period. Meanwhile, the polyethylene glycol segment is expected to grow at a CAGR of 9.5% over the next eight years.
The US market is estimated at $454.3 million, China is expected to grow at a CAGR of 11.6%
The polyalkylene glycols market in the United States is estimated to reach US$ 454.3 million in 2022. China, as the world’s second largest economy, is expected to reach a market size of US$ 2 billion by 2030, experiencing a substantial growth with a CAGR. by 11.6% from 2022 to 2030. Other notable geographic markets include Japan and Canada, with growth rates forecast at 7.7% and 8.7%, respectively, over the period 2022-2030. In Europe, Germany’s growth is expected to reach a CAGR of around 8.8%.
Key Competitors in the Polyalkylene Glycols Market
The report identifies key competitors in the polyalkylene glycols market including BASF SE, Dow Inc., DuPont de Nemours, Inc., Akzo Nobel NV, Evonik Industries AG, Arkema, Inc., Exxon Mobil Corporation, Covestro AG, Emery Oleochemicals Group , Alfa Aesar, Avatar Corporation, Clariant AG, Central Drug House (P) Ltd., Acuro Organics Limited, Celares GmbH and others.
Economic Outlook and Market Landscape
The global economic outlook is gradually improving, with growth expected to resume in the near term, albeit at a moderate pace. The United States, despite a slowdown in GDP growth due to tightening monetary and financial conditions, has managed to overcome the threats of recession. The reduction in overall inflation in the euro zone is contributing to an increase in real incomes and a slight recovery in economic activity. China is expected to see robust GDP growth as the pandemic threat recedes and the government adjusts policy. India is on track to become a trillion-dollar economy by 2030, surpassing Japan and Germany.
However, several challenges persist, including uncertainty related to the Ukraine conflict, a slower-than-expected decline in global inflation, persistent food and oil inflation in developing countries, and high retail price inflation that is affecting consumer confidence and spending. Governments are working to combat inflation by raising interest rates, which could impact job creation and economic activity. Additionally, a stricter regulatory environment and increasing pressure to integrate climate change considerations into economic decisions add to the complexity of the challenges faced.
Although business investment may be dampened by concerns about inflation and weakening demand, the rise of new technologies such as generative AI, applied AI, industrialized machine learning, next generation software development, Web3, cloud and edge computing, quantum technologies, electrification, renewable energy. , and climate technologies beyond electrification and renewable energy present opportunities for significant global GDP growth.
What’s new in the report?
- Special discussions on the global economic climate and market sentiment.
- Coverage of global competitiveness and market shares of key competitors.
- Analysis of market presence in several geographic areas.
- Tailored interactive online peer-to-peer collaborative updates.
- Access to digital archives and a deposited research platform.
- Free updates for one year.
- Access YouTube video transcripts featuring insights from CEOs, domain experts, and market influencers across interviews, podcasts, press statements, and event keynotes.
Key topics covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of the COVID-19 pandemic and looming global recession
- Review of the year 2021 and short-term outlook
- Prolonged pandemic, Ukraine-Russia conflict and resulting economic disruption impact growth prospects
- Projections of global economic growth (real GDP, annual change in %) for the years 2021, 2022 and 2023
- Impact of COVID-19 Pandemic on Polyalkylene Glycols Market
- An introduction to polyalkylene glycol
- Polyethylene glycol
- Polypropylene Glycol
- Global Propylene Glycol Capacity Breakdown (%) by Region for 2022E
- Global Market Outlook and Outlook
- Polyethylene glycol dominates the global market
- Lubricants: a high growth application
- Asia Pacific spearheading market growth
- Polyalkylene Glycols – Percentage Market Share of Top Global Competitors in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Global brands
- Recent market activity
2. FOCUS ON A SELECTION OF PLAYERS
3. MARKET TRENDS AND FACTORS
- Growing demand for polyurethane foam to boost PAG consumption
- Global Polyurethane Foam Market by End Use Application (2022E)
- Growing consumption of synthetic lubricants bodes well for the market
- Global Synthetic Lubricants Market Revenue Breakdown (%) by Product for 2022 (E)
- Distribution of global consumption of base stocks of synthetic lubricants by region/country (in %) for 2022 (E)
- Impact of COVID-19 on lubricants industry and effect on lubricant raw materials market
- Demand for lubricants from the automotive industry supports market growth
- Global automobile production in millions of units: 2008-2022
- How has the automotive industry been affected by the pandemic and what is the new normal?
- Annual growth of automobile production in % in 2020 in the main regional markets
- Demand for PAG as surfactants increase
- Processed food industry drives demand for PAG
- Growing Packaged Food Sales Show Potential for PAG as an Additive: Global Packaged Food Sales in Billions of US Dollars for 2015, 2017, 2019, 2021 and 2023
- PAG-based lubricants find their place in industrial applications
- Global Industrial Lubricants Market Revenue Breakdown (%) by Application for 2022E
- Manufacturing PMI: an important indicator
- Global PMI Index points for the years 2018, 2019 and 2020
- The use of PAG in the metallurgical industry creates opportunities
- Polyethylene Glycol Market: High Growth Potential
- Potential for use of PEG in medical devices and materials, application of PEGylation on the rise
- PEG and COVID-19 vaccine-related anaphylactic reactions: a review
- Increased application of PEGs in personal care products
- Use of thiol-ene reactions to improve the degradability of hydrogels
- Crude oil price volatility: a major challenge
- Global Brent crude oil price trends (in US dollars per barrel) from October 2019 to May 2021
- Overall assessment of the impact of the PAG
4. GLOBAL MARKET OUTLOOK
III. MARKET ANALYSIS
For more information on this report, visit https://www.researchandmarkets.com/r/lkwkjr
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