PEG and PPG Esters Market: Overview
Polyethylene glycols (PEGs) and PPG esters are extensively utilized as thickeners, resin plasticizers, pacifiers, emollients, and viscosity builders. The feedstocks include, among several others, palm oil and sunflower oil. PEG esters have been also used in the formulation of a variety of surfactants of a wide range of hydrophilic-lipophilic balance (HLB) values. Key end-use industries include wastewater, plastics, and textiles. PEG are markedly water-soluble. Key characteristics of PEG and PPG esters are non-irritating, non-toxicity, and non-ionic emulsifiers. PEG and PPG esters are also used in reducing the greasiness. Of the various types of PEG esters, PEG oleates and stearate have seen extensive use as emulsifiers.
The study offers critical assessment of key growth dynamics, share and size of various segments, including applications, and the trends in competitive dynamics. Developments that open new application areas are discussed in the study that will help PEG and PPG esters market participants identify numerous imminent pockets.
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PEG and PPG Esters Market: Key Trends
The utilization of water/oil emulsifying properties of PEG ester surfactants is a key trend augmenting revenues in the PEG and PPG esters market. Rising commercial application of solvent cleaners and emulsifiable degreasers is a key trend boosting the market. A wide range of emulsifiers are utilized in self-emulsifying herbicides, insecticides, and fungicides.
Over the years, because of numerous characteristics of PEG and PPG esters, they are preferred over nonylphenol ethoxylates. Worldwide lubricants industry has seen the demand for these esters rising, thereby boosting the growth of the PEG and PPG esters market.
However, PEG and PPG esters suffer from functional drawbacks. One instance is their low storage time which has impeded the uptake of these in some end-use industries. High production cost is also a deterrent.
Nevertheless, new application areas in future are likely to be explored on the back of research toward better formulations. Growing application of these esters in cosmetics and toiletries will augment the revenue potential in the market. Niche application areas include in solvency and bio-diesel.
PEG and PPG Esters Market: Competitive Analysis and Key Developments
Surfactants are a huge avenue for players in the PEG and PPG esters market. Research analysts are leaning on the toxicity profile of PEG and PPG esters by getting into the toxicity profile. Thus, a growing number of producers in the market are seeing new potential in variety of cosmetic industries. PEG esters are extensively used as cleansing agents, surfactants, emulsifiers, skin conditioners, and humectants. For instance, a growing body of studies have pooled in toxicological assessment data for PEG compounds.
Some of the top players in the PEG and PPG esters market are focusing on expanding their product line and developed customized portfolio to meet the demands for personal care and cosmetics industry. They are also focused on improving the purity level to meet niche applications.
Some of the key participants whose strategies will shape the contours of the PEG and PPG esters market are INEOS Oxide, Pacific Texchem Pvt. Ltd., Hangzhou GengYang Chemical Materials Co. Ltd., Fine Organic Industries, Venus Ethoxyethers Pvt. Ltd., American eChem Inc., and Ivanhoe Industries, Inc.
PEG and PPG Esters Market: Regional Assessment
Regionally, the PEG and PPG esters market are witnessing considerable revenues in Asia Pacific. Strides being made by the end-use industries pivot the growth. In particular, rise in demand for textile and lubricants industry is expected to boost revenue generation in the Asia Pacific market.
For the past several years, North America has been a highly lucrative market. Constant research and development activities in the region account for the vast revenue prospects. The rapid expansion of the regional market is also bolstered by the expanding application areas in countries such as the U.S. Europe is also a promising market.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.