Polyethylene Glycol Market

Global Polyethylene Glycol Market: Overview

The multiplicity of applications for polyethylene glycol has unravelled a range of opportunities for growth within the global market. There is little contention about the use of these glycols for the purpose of treating various stomach disorders. Uneasiness in the stomach, caused by restricted movement of the stool, can be cured through administration of polyethylene glycol. Furthermore, the favourable properties of these glycols in facilitating proper digestion has also enabled the inflow of fresh revenues into the global polyethylene glycol market. Therefore, the revenue index of the global polyethylene glycol market is foreseen to touch new apexes in the years to follow. The difference between using polyethylene glycol and other glycols for various non-medical applications is a subject of analysis across the chemical industry. This factor, coupled with research focus within the medical industry, has unlocked new avenues for market growth and expansion.

This review by Transparency Market Research (TMR) uncovers a range of trends and opportunities that have aided the growth of the global polyethylene glycol market. The application of these glycols across several of the high-end industries has created a launch pad for growth and expansion for the market vendors. Moreover, the evident advancements in the domain of chemical research have also created new pathways for growth across this market. In this review, analysts at Transparency Market Research (TMR) also uncover the shocks experienced by the global polyethylene glycol market during the coronavirus pandemic.

Global Polyethylene Glycol Market: Competitive Landscape

• It is important note that the medical and healthcare industries have become the most crucial sectors for countries across the world. The coronavirus disease exposed the vulnerabilities of the medical, healthcare, and pharmaceutical industries, now putting them on their toes to ramp up quality. Therefore, products such as polyethylene glycol that have applications in each of these industries are attracting increased demand in recent years. This is an important consideration for the companies operating in the global polyethylene glycol market.
• The recent uptick in the sale of polyethylene glycol 3350 has emerged as a sound contributor to the growth of the global market. The market vendors have leveraged the properties of polyethylene glycol 3350 in treating constipation. This form of polyethylene glycol is referred to as osmotic laxative. The leading companies existing in the global polyethylene glycol market are focusing on manufacturing these laxatives in order to attract increased demand. Some of the leading players operating in the polyethylene glycol market are India Glycols, Dow Chemical, Huangma Chemical, and Ineos.

Global Polyethylene Glycol Market: Key Trends

Advancements in the manufacturing of ceramics and paints has unlocked several new opportunities for market growth and expansion. The use of polyethylene glycol for manufacturing these products is a resilient dynamic of market expansion. Moreover, the unprecedented demand for manufacturing ceramic coatings and paints is also creating new growth avenues. Several countries have established their expertise in the field of chemical analysis and testing. This is also the reason for these companies to endorse water-based coatings as a part of their offerings. Moreover, the use of polyethylene glycols in the field of constructions and automotive development has spun the wheel of growth across the market. Household industries have also emerged as prominent consumers of polyethylene glycol in recent years. This factor has also throttled the growth graph of the polyethylene glycol market.