Scienza e Tecnologia
Polyalkylene Glycol Market Will Reach Output of Approximately 4,100 Kilo Tons by 2023: TMR Study
Polypropylene glycol accounted for a major polyalkylene glycol market share in 2018. Wide range of applications in lubricant industry particularly as an additive for metalworking fluids and rubber paint products will propel the growth of the segment in the coming years. Demand in the production of medicine is another factor underpinning the massive revenue potential for producers of polypropylene glycol.
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The study found that the competition landscape in the market was largely consolidated in 2018, with the leading five players have accounted for over 52% market share then.
Some of the key players in the polyalkylene glycol market are Royal Dutch Shell plc, BASF SE, LyondellBasell Industries Holdings B.V., Covestro AG, and The Dow Chemical Company.
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