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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. ....

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