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Key polyalkylene glycol market share contributors are:
In addition, these major companies accounted for more than half of the polyalkylene glycol market share in 2016.
Major product manufacturers are investing heavily in the expansion and development to attain competitive advantage in the business. For instance, in 2014, BASF SE announced inauguration of a new manufacturing facility of PAG based lubricants at its Ludwigshafen Verbund site in Germany. The new facility will have complete access to key raw materials including ethylene oxide and propylene oxide through backward integration with the company’s raw material manufacturing facilities located at Ludwigshafen, Germany.