Polyalkylene Glycol Market Application and Forecast

Mahendrajakore19 Oct, 2022News

The global polyalkylene glycol market was valued at ~US$ 10.2 Bn in 2018 and is anticipated to expand at a CAGR of ~11% from 2019 to 2027. Major raw materials used in polyalkylene glycol companies are mostly petroleum-based substances, such as ethylene oxide and propylene oxide. Propylene oxide (PO) is a chemical intermediate used in the production of polyether polyols. Availability of raw materials, such as ethylene oxide and polyethylene oxide for the manufacturing of polyalkylene glycol is expected to boost the polyalkylene glycol market.