Europe Polyethylene Glycol Market is estimated to witness surging demand at a CAGR of 5.9% by 2028
The Polyethylene Glycol Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.9% in the forecast period of 2021 to 2028 and is expected to reach USD 489,988.80 thousand by 2028. Industry Analysis PEG or polyethylene glycol is a polymeric material composed of ethylene oxide and water as monomers which are not only hydrophilic but also biocompatible, though it is a synthetic molecule synthesized by polymerization of ethylene oxide where a ring-opening takes place. As is it composed of water and ethylene oxide, it finds innumerable application in industries ranging from pharmaceuticals to construction . The growth in the building and construction industry particularly in developing countries has increased the production and availability of different grades of polyethylene glycol, particularly for the use in water-based paints to provide a high-quality protecti...