Polyalkylene Glycol Market Segment Analysis – By Applications
The personal care sector held the largest share in the polyalkylene glycol market in 2020 and is projected to grow at a CAGR of 8.5% during the forecast period 2021-2026. PEG is a lightweight material that is water-soluble which can be used to improve the viscosity of products for skincare. PEGs are used as thickeners, emulsifiers, solvents, softeners, and moisture-carriers. A variety of hydrating emollients, protective fatty acids, and cleaning agents are also combined with PEG. In these various combinations, a PEG can be used in gentle cleansers, elegant moisturizers, sunscreens, cosmetic cream bases, and unique treatment products. Therefore, with the growing personal care sector, the demand for polyalkylene glycol market is expected to grow in the forecast period.
Rising Industrialization and Infrastructure Development are Key Factors That Drive Butyl Glycol Market
BriefingWire.com, 4/04/2021 - Butyl Glycol Market size is forecast to reach $1.9 Million by 2025, after growing at a CAGR of 3.5% during 2020-2025. The butyl glycol market is anticipated to see a moderate growth despite tight environmental amendments over the near timeframe. Growing information about the adverse procedural events upon continuous exposure to butyl glycol is appearing to decline its jobs. The butyl glycol market, however, is set to represent steady progress against the backdrop of increasing demands for Paints and coating materials across developed countries and target countries, including the US.