Polyalkylene Glycol (PAG) are polymers obtained by the addition of one or more repeating epoxides. These are also known as polyether polyols, polyglycols polyalkylene oxides, and polyethers. PAG includes the E-series and P-series adducts and block copolymers. PAG finds major application in the manufacturing of polyurethane foams, lubricants, surface active agents, and functional fluids. Polyethylene glycol (PEG) and polypropylene glycol (PPG) are the two major PAGs used in the industry. PEG is derived from ethylene oxide (EO), while PPG is derived from propylene oxide (PO). Most large global players have integrated operations and are the captive consumers of EO, PO, and PAG for manufacturing polyurethane foams, lubricants, and other chemicals.