Polyurethane foam manufacturers are the major consumers driving the PAG market currently. PAG or polyether polyols, along with isocyanates, are the essential building blocks required for the manufacturing of polyurethane foams.
Albany, NY -- (SBWIRE) -- 01/05/2016 -- Polyalkylene glycols (PAG) are polymeric compounds of one or more alkylene oxide (ethoxide) monomers connected through -R–O- ether linkages. PAGs are also known as polyether polyols, polyglycols, polyethers, and polyalkylene oxides in the industry. PAG includes polymers of the corresponding ethoxides; for instance, polyethylene glycol (PEG) is obtained from ethylene oxide (EO) and similarly, polypropylene glycol (PPG) is produced from propylene oxide (PO). PAGs are versatile polymeric compounds used in the manufacturing of variety of products. The end-products manufactured from PAGs are used in several industries including construction, automotive, aerospace, marine, pharmaceutical, personal care, and chemicals.
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This report provides a detailed description of the global PAG market based on volume share (kilo tons) and revenue (US$ Mn) for the period from 2014 to 2023. It highlights the factors contributing to the growth of the market, and the restraints impeding the market. Detailed forecast for PAG from 2015 to 2023 has been given separately for providing a better understanding of the market scenario. The PAG market is described with respect to various segments along with the expected opportunities during the next six years.
In terms of geography, the global PAG market has been segmented into the following regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). Each region has been further divided into countries which have been found to be the key markets for PAG.
On the basis of products, the study segments the market into: polyethylene glycol (PEG), polypropylene glycol (PPG), and others (including higher adducts and copolymers). The study also segments the PAG market on the basis of applications into: polyurethane (PU) foam, functional fluids, lubricants, personal care, pharmaceutical, surface active agents, and others (including chemical intermediates, CASE, and additives). It provides forecasts and estimates for each product and application segment in terms of revenue and volume during the forecast period from 2015 to 2023 for each region, and inclusive of the countries as well. The study also analyzes market attractiveness for all applications of PAG with the help of the market attractiveness tool.
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Increasing demand for PAG in key applications such as PU foam and lubricants is projected to fuel the global PAG market. Swift growth in construction and automotive industries in the emerging countries is anticipated to generate huge demand for PU foams and lubricants, and eventually lead to the growth of the PAG market. The personal care and pharmaceuticals applications are high-value, low-volume markets for PAG and are expected to be prospective markets driving the growth of PAG market in the near future. However, the fluctuating prices of crude oil prices put a downward pressure on the margins of market players. Furthermore, cheaper alternatives of PAG such as conventional oils are available for lubricant applications. The two factors mentioned above are likely to hamper growth of the PAG market during the forecast period.
Value chain analysis and Porter's five forces model have been given for providing a comprehensive view of the market. These would also help understand the specifics of the industry structure apart from giving an overview of the degree of competitiveness. Additionally, the company market share analysis has been included in order to illustrate the competitive scenario in the PAG market further. The report also includes detailed profiles of key players such as the Dow Chemical Company (Dow), Bayer AG, BASF SE, Royal Dutch Shell plc (Shell), LyondellBasell Industries N.V., E. I. du Pont de Nemours and Company (DuPont), INEOS Group AG, Clariant International Ltd., Saudi Basic Industries Corporation (SABIC), and Repsol Group. A detailed description of the players includes parameters such as company overview, financial overview, business strategies, upcoming facilities, capacity addition, mergers, acquisitions and joint ventures, new products, and recent developments.
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