Global Methoxy Polyethylene Glycol Reagents Market Size By Product Form (Transparent Liquid, White Flake, and White or Yellowish Past), By End User (Chemical Industries, Pharmaceutical and Biotech Industries, Construction Industries), By Geographic Scope And Forecast

Methoxy Polyethylene Glycol Reagents Market Size & Forecast

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Methoxy Polyethylene Glycol Reagents Market size was valued at USD 516 Million in 2021 and is projected to reach USD 1,103 Million by 2030, growing at a CAGR of 7.6% from 2023 to 2030.

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The global market will grow significantly in the forecast period due to technological advancements in chemical, raw materials, and biopharmaceutical industries where these products have optimal usage. The Global Methoxy Polyethylene Glycol Reagents Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Methoxy Polyethylene Glycol Reagents Market Definition

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Methoxy polyethylene glycol (mPEG) is a polyethylene glycol (PEG) chain with a methyl functional group. Thus, methoxy polyethylene glycol (mPEG) reagents and their derivatives can be used to modify compounds to avoid cross-linking. The market constitutes both industrial and lab-based reagents aimed at developing superior procedures so as to increase product yield. mPEG is the common abbreviation for methoxy polyethylene glycol reagents which refers to a chemical compound composed of repeating ethylene glycol units. Some of the chemical properties of methoxy polyethylene glycol reagents for which they are being widely used are non-toxic, non-immunogenic, hydrophilic, and highly flexible boosting the growth of the global market.

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Growing chemical and biotech industries are driving the growth of the market. According to European Commission, the EU chemical industry sale was valued at USD 663.58 billion in 2018 which was about 17% of global chemical sales. However, the covid-19 pandemic impact on the trade and supply chain management industry results in demand-supply shocks, shortage of products, and disturbing global supply chains hindering the growth of the global Methoxy Polyethylene Glycol Reagents Market in 2019.

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Global Methoxy Polyethylene Glycol Reagents Market Overview

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The global Methoxy Polyethylene Glycol (MPEG) reagents market will grow significantly in the forecast period due to technological advancements in chemical and biopharmaceutical industries where these products have optimal usage. With advancements in various biological, chemical, and pharmaceutical settings, specific and versatile applications of Methoxy Polyethylene Glycol (MPEG) reagents in proteomics and other biological research methods are likely to rise the market for Methoxy Polyethylene Glycol (MPEG) reagents in the forecast period. The rapid growth of Methoxy Polyethylene Glycol reagents has also been observed in emerging markets due to the rise in biopharmaceutical and chemical industries.

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Furthermore, rising R&D investments by pharmaceutical companies to expand their product portfolio and to improve their global presence is another leading reason that is propelling the growth of the market. Moreover, the booming construction industry and high adoption of Methoxy Polyethylene Glycol Reagents as a construing chemical coupled with growing smart city projects are the leading reasons that have boosted the growth of the global market. The global construction sector is expected to have significant growth in the coming years. However, the growing cosmetic industry and the application of methoxy polyethylene in different cosmetic products including lipstick, deodorant sticks, soap, shaving cream, foundation, moisturizer, skin cream, and hair care products lead to the growth of the market worldwide.

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Global Methoxy Polyethylene Glycol Reagents Market Segmentation Analysis

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The Global Methoxy Polyethylene Glycol Reagents Market is segmented on the basis of Product Form, End User, and Geography.

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Methoxy Polyethylene Glycol Reagents Market, By Product Form

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• Transparent Liquid

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• White or Yellowish Past

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• White Flake

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Based on Product Form, the market is bifurcated into Transparent Liquid, White Flake, and White or Yellowish Past. Transparent Liquid accounted for the largest market share in 2020 and is projected to grow at the highest long-term CAGR of 8.89% during the forecast period. Transparent liquid MPEG is a form of methoxy polyethylene glycol which has low molecular weight compared to the other two solid and semisolid forms, and it has a molecular weight ranging between 300 to 750 g/mol. It is a slightly hazy, colorless liquid with a slight characteristic odor and it can be stored at room temperature.

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Moreover, this MPEGs is soluble in many polar solvents such as aliphatic ketones, alcohols, glycol ethers, esters, and aromatic hydrocarbons and it has good hygroscopic properties as well as good water solubility due to its low molecular weight. This type of product can be used in the cosmetic and chemical industry, therefor owing to Its rising application in chemical and other different sectors its demand is likely to increase.

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Methoxy Polyethylene Glycol Reagents Market, By End User

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• Pharmaceutical and Biotech Industries

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• Construction Industries

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• Cosmetic Industries

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• Chemical Industries

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• Others

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On the basis of End User, the market has been segmented into Chemical Industries, Pharmaceutical and Biotech Industries, Construction Industries, Cosmetic Industries, and Others. Construction Industry accounted for the largest market share in 2020 and is projected to grow at a long-term CAGR of 6.57% during the forecast period. Methoxy polyethylene glycol has wide application in the construction sector. Methoxy polyethylene glycol reagents are gaining popularity as a construction chemical accredited to the growing necessity of excellent durability and high strength. This compound is mainly used for the production of polycarboxylate ether superplasticizers for concrete. It is used in esterification reactions, e.g., with methacrylic acid which is further subjected to a polymerization process and resulting products from these reactions are the main components of construction concrete admixtures that reduce the amount of batch water in cement concrete.

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Methoxy Polyethylene Glycol Reagents Market, By Geography

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• North America

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• Europe

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• Asia Pacific

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• Rest of the World

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On the basis of regional analysis, the market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific accounted for the largest market share in 2020 and is projected to grow at a long-term CAGR of 6.81% during the forecast period. Growing biotechnology and pharmaceutical industries in emerging economies such as India boosting the demand for methoxy polyethylene glycol reagents in the market. According to India Brand Equity Foundation (IBEF), The Indian biotechnology industry is valued at USD 63 billion in 2019 and is expected to reach USD 150 billion by 2025, with a witnessing CAGR of 16.4%. The Indian biotechnology industry’s contribution to the global biotechnology market was 3% in 2017 and it is expected to grow to around 19% by 2025.

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Key Players

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The “Global Methoxy Polyethylene Glycol Reagents Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Thermo Fisher Scientific Inc., Merck KGaA, NOF Europe GMBH, Conju-Probe LLC, and Quanta Bio design Limited.

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The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

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Report Scope

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Methoxy Polyethylene Glycol Reagents Market Infographic

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