Europe Polyethylene glycol market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.9% in the forecast period of 2021 to 2028 and is expected to reach USD 489,988.80 thousand by 2028.PEG or polyethylene glycol is a polymeric material composed of ethylene oxide and water as monomers which are not only hydrophilic but also biocompatible, though it is a synthetic molecule synthesized by polymerization of ethylene oxide where a ring-opening takes place. As is it composed of water and ethylene oxide, it finds innumerable application in industries ranging from pharmaceuticals to construction.
The growth in the building and construction industry particularly in developing countries has increased the production and availability of different grades of polyethylene glycol, particularly for the use in water-based paints to provide a high-quality protective coating to them is driving the polyethylene glycol market. The viscosity instability in the compounds and molecules of polyethylene glycol & its derivatives along with the development of better substitutes can hinder the polyethylene glycol market and act as a restraint to the polyethylene glycol market. The excellent ophthalmic properties of PEG-400 as an eye drop application and its environmentally friendly nature are golden opportunities for every chemical industry to increase their market sales and revenue for the polyethylene glycol market. Though the demand for polyethylene glycol is increasing due to its less toxicity, low production of the raw materials from which polyethylene glycol is extracted and the expensive and time consumable nature of this synthesis process has not only resulted in an increased cost of raw material but also pose a challenge for the growth of the polyethylene glycol market.
Europe Polyethylene Glycol Market, By Grade (Polyethylene Glycol 200, Polyethylene Glycol 300, Polyethylene Glycol 400, Polyethylene Glycol 400 FCC Grade, Polyethylene Glycol 3350, Polyethylene Glycol 4000, Polyethylene Glycol 6000, Others), Form (Opaque Liquid, White Waxy Solid, Flakes/ Powder), Application (Healthcare, Building and Construction, Industrial, Cosmetics/Personal Care, Others), Country (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe) Industry Trends and Forecast to 2028.This polyethylene glycol market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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Europe Polyethylene glycol Market Scope and Market Size:
The polyethylene glycol market is segmented on the basis of the grade, application and form. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Based on grade, the polyethylene glycol market is segmented into polyethylene glycol 200, polyethylene glycol 300, polyethylene glycol 400, polyethylene glycol 400 FCC grade, polyethylene glycol 3350, polyethylene glycol 4000, polyethylene glycol 6000 and others. In 2021, the demand for pharmaceuticals and industrial products such as lubricants, paints, ceramic tiles and others make the primary reason behind the dominance of polyethylene glycol 400 segment.
Based on form, the polyethylene glycol market is segmented into opaque liquid, white waxy solid and flakes/ powder. In 2021, opaque liquid segment dominates the market due to the widespread use of opaque liquid as a lubricating agent in the processing plants and as a wetting and thickening agent in cosmetics & medical auxiliaries.
Based on application, the polyethylene glycol market is segmented into healthcare, building and construction, industrial, cosmetics/personal care and others. In 2021, healthcare segment dominates due to the increasing health-related issues which require medicines and ointments.
The major players covered in the report is SABIC, LOTTE Chemical CORPORATION, INEOS, Croda International Plc, BASF SE, Dow, India Glycols Limited, Mitsui Chemicals, Inc., Merck KGaA, Dynalene, Inc., Clariant, other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.Many product developments are also initiated by the companies worldwide which are also accelerating the growth of polyethylene glycol market.
Key Pointers Covered in the Europe Polyethylene glycol Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market by Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
MAJOR TOC OF THE REPORT:
Chapter One: Europe Polyethylene glycol Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Europe Polyethylene glycol Market Competition, by Players
Chapter Four: Europe Polyethylene glycol Market Size by Regions
Chapter Five: Europe Polyethylene glycol Market Revenue by Countries
Chapter Six: Europe Polyethylene glycol Market Revenue by Type
Chapter Seven: Europe Polyethylene glycol Market Revenue by Application
Chapter Eight: Europe Polyethylene glycol Market Revenue by Industries
Chapter Nine: Europe Polyethylene glycol Market Revenue by Deployment Model
Chapter Ten: Europe Polyethylene glycol Market Revenue by End User
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Europe Polyethylene glycol Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors Europe Polyethylene glycol Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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