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.
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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