Polyalkylene Glycol Market to grow at over 4% CAGR from 2016 to 2023

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Polyalkylene Glycol (PAG) Market industry
analysis research and trends report for 2017-2024
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Global Market Scenario of Polyalkylene Glycol
(PAG) Market

• Polyalkylene Glycol Market size is poised to
  exceed USD 18 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
• Strong polyurethane (PU) foam demand is likely to
  make significant contribution towards
  polyalkylene glycol market size during the
  forecast period. This is attributed to extensive
  PU foam applications in several industries
  including construction, automotive, electronics
  etc.
• Thus, robust growth indicators in the
  aforementioned industries on account of improving
  socio-economic factors will boost business growth
  by 2024. In addition, polyols are the most
  consumed chemicals in manufacturing PU foam and
  accounts for over 30 of the total share of
  chemicals used to manufacture PU foam.
• Technological advancements primarily in the
  automotive sector has resulted in development of
  more intricate internal parts which in turn has
  propelled lubricants demand. In addition,
  lubricant producers are advertising to encourage
  use of fully formulated engine oils for consumers
  to achieve fuel economy.

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Continue.....

• PAG lubricants are likely to replace conventional
  synthetic lubricants in the market owing to
  better oxidation stability and environment
  friendly nature. Furthermore, they impart high
  performance, greater efficiency, reduced
  maintenance, lower emission and longer service
  life of machines components resulting in
  providing economic benefits to the consumer which
  will boost polyalkylene glycol market size over
  the projected timeframe.
• Wavering petroleum sector owing to fluctuating
  prices are probable to hinder the global
  polyalkylene glycol market size over the
  projected timespan. This is due to dependency of
  petrochemical derivatives as raw material from
  oil gas industry. However, strong growth
  indicators in the pharmaceuticals and personal
  care industry will generate sufficient prospects
  for polyalkylene glycol market size in the near
  future.
• PPG accomplished the maximum market share of the
  overall polyalkylene glycol market size in 2016.
  This is primarily due to extensive application in
  manufacturing variety of PU foams including
  rigid, flexible and spray.

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U.S. Polyalkylene Glycol Market Size, By
Application, 2013 - 2024 (USD Million)
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360 Analysis
Application Analysis Polyurethane (PU) foam
segment attained the highest market size and was
valued over USD 3 billion in 2016. This is due to
the extensive PU foam application across
construction, refrigeration, automotive, and
aerospace industry. Rapidly growing
aforementioned industries are likely to make
significant contribution towards polyalkylene
glycol market size by 2024. For instance,
automobile industry is propelling and is expected
to grow at a CAGR of more than 4 over the
forecast timespan. Regional Analysis North
America is also making prominent contribution
towards polyalkylene glycol market size and is
expected to grow with more than 11 CAGR in the
coming years. This is attributed to prevalence of
substantial PU foam and lubricants demand in the
U.S. In addition, well established
pharmaceuticals industry primarily in the U.S.
will also make significant contribution in
stimulating the regional industry growth by
2024. Competitive Market Share Key polyalkylene
glycol market share contributors are BASF SE, The
Dow Chemical Company, Ineos Group AG, Saudi Basic
Industries Corporation (SABIC), LyondellBasell
Industries, DuPont, Royal Dutch Shell, Bayer AG,
Repsol Group and Clariant International.

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Latest Research Report On Polyalkylene Glycol
Market _at_ http//bit.ly/2tOzW1m Request for a
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