COVID-19 Impact on Aliphatic Polyether Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- Manufacturing of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the aliphatic polyether market.
Key Drivers and Restraints of Aliphatic Polyether Market
- Expansion of the chemical industry and key players’ focus on R&D are driving the demand for aliphatic polyether. Increase in investment in aliphatic polyether is also a key factor driving the global aliphatic polyether market.
- Advancement in cosmetic field has had a positive impact on the aliphatic polyether market. Besides this, technological advancement and innovations in the pharmaceutical industry such as inventions of new drugs have fuelled the demand for aliphatic polyether.
- Increase in demand for biomedical applications associated with the biocompatibility of medical devices is likely to propel the demand for aliphatic polyether across the globe
- Lack of availability of raw materials may slow down the growth of the market. Besides this, high cost may hamper the market.
Aliphatic Polyether: End-use Segment
- Based on end-use, the aliphatic polyether market can be segmented into medical, cosmetics, automotive, pharmaceutical, paints & coatings, chemical, electronics, and others
- Aliphatic polyether is used in the synthesis of drugs in the pharmaceutical industry. POE is used in eye drops to lubricate dry eyes. It is also used in many dissolving pills and medicines, where it helps carry the drug to the right spot to be digested.
- It is also used in cosmetics applications. Higher molecular weight polyoxyethylenes (POE) are used in creams, lotions, and other beauty products. Furthermore, rising demand for aliphatic polyether in various end-use industries such as automotive, paints & coatings, chemical, and electronics is a key factor driving the global aliphatic polyether market.
Asia Pacific to Dominate Aliphatic Polyether Market
- In terms of region, the aliphatic polyether market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- The global market has expanded significantly in the past two decades. This trend is estimated to continue during the forecast period. Asia Pacific holds significant share of the global market. Rise in population, growth in the automotive & pharmaceutical sectors, technological advancements, and changes in lifestyle are projected to boost the market in Asia Pacific during the forecast period. Growth in the chemical industry in China and India is likely to create lucrative opportunities for the aliphatic polyether market in the region.
- High demand for aliphatic polyether in the pharmaceutical sector in Europe is driving the market in the region
- The market for aliphatic polyether in North America is driven by increase in the demand for aliphatic polyether in cosmetic applications in the region
- The aliphatic polyether market in Latin America and Middle East & Africa is estimated to expand at a significant pace during the forecast period owing to the recent economic growth in these regions. Growth in demand for aliphatic polyether in the pharmaceutical industry is likely to fuel the demand for aliphatic polyether in Middle East & Africa.
Key Manufacturers Operating in Aliphatic Polyether Market
The aliphatic polyether market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the aliphatic polyether market include:
- Dupont
- BASF SE
- Celanese Corporation
- Dow
- SABIC
- Polyplastics Co., Ltd
- Mitsubishi Chemical Advanced Materials
- Asahi Kasei Plastics Singapore Pte Ltd
Aliphatic Polyether Market: Research Scope
Aliphatic Polyether Market, by Type
- Polyoxymethylene (POM)
- Polyoxyethylene (POE or PEO)
- Polytetrahydrofuran (PTHF)
- Others
Aliphatic Polyether Market, by End-use
- Medical
- Automotive
- Cosmetics
- Pharmaceutical
- Paints & Coatings
- Chemical
- Electronics
- Others
Global Aliphatic Polyether Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Aliphatic Polyether: Introduction
- Polyethers are used as standalone polymers in a variety of important day-to-day applications
- Major aliphatic polyethers include polyoxymethylene (POM), polyoxyethylene (POE as well as PEO), and polytetrahydrofuran (PTHF), which is also called polybutylene oxide
- Aliphatic polyether imparts toughness and strength to coatings and fabrics. Aliphatic polyethers make some of the most important biomedical devices functional without causing harm to human bodies.
- Polyoxymethylene (POM) is used as a soft segment in polyurethanes. It is also used to make automotive gears. When polyoxyethylene (POE) is grafted onto other polymers or surfaces, those surfaces become biocompatible. This makes it applicable in medical devices. Polytetrahydrofuran (PTHF) plays an important role in many condensation polymers such as polyesters and polyurethanes.
