Polyethylene glycol (PAG) is a series of polymers of ethylene glycol having a molecular weight of from about 200 to 6000, acquired by condensation of ethylene glycol or of ethylene oxide and water, used as an emulsifying agent and lubricant in ointments, creams, etc. PAG is polyether compound that is basically used industrial manufacturing to medicine. PAG is soluble in water and in many organic solvents, and are used in detergents, in cosmetics, and as emulsifiers, lubricants, and plasticizers.
On the basis of application the market can be segmented such as lubricants, surface active agents, functional fluids and chemical intermediates. Lubricant is the leading market segment in terms of size as well as the growth rate. PAG lubricants are majorly consumed by automotive industry in the automotive air-conditioners and as lubricants for gears and hydraulic fluids. It is also used as chemical intermediate for polycarboxylate ethers (PCE).
The growth in global automotive lubricants market is the key driving factor for the PAG market. Due to the harmful effects of chlorofluoro carbon on ozone layer the PAG is widely adopted due to its low toxicity in several industries.
The market can be further segmented, based on the product types, into four key segments as polyethylene glycols (PEG), polypropylene glycols (PPG) and other copolymers. Polyethylene glycols are widely utilized for water soluble applications.
Asia Pacific was the largest as well as fastest growing market for PAG within the forecast period followed by North America, Europe, Asia-Pacific and Row.
This report aims to estimate the global Polyethylene glycol market for 2014 and to project the expected demand of the same by 2019. This market research study provides a detailed qualitative and quantitative analysis of the Global Polyethylene glycol market. It provides a comprehensive review of major drivers and inhibitors of the market. The Global Polyethylene glycol market is also segmented into major application and geographies.
Some of the key players in the Global Polyalkylene Glycol (PAG) Market include Bayer Material Science (Germany), The Dow chemical company (U.S.), BASF SE (Germany), Idemitsu Kosan Co. Ltd. (Japan), and INEOS (Switzerland), Royal Dutch Shell Plc (Netherland) among others.
Though Europe is the highest consumer of benzyl alcohol due to growing demand of various end user applications but Asia-Pacific is the rapidly growing region in the global benzyl alcohol market.
Some of the leading companies like Lanxess AG (Germany), BASF SE (Germany), Gujarat Alkalies and Chemicals Limited (India), Emerald Kalama Chemical (U.S.), Haihang Industry Co., Ltd. (China), Kadillac Chemicals Pvt. Ltd. (India), Merck KGaA (Germany), Nantong Tianshi Chemical Co., Ltd. (China) are extensively covered in the report.
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