The global Polyethylene Glycol Market size is expected to reach USD 7,482.4 million by 2030, registering a CAGR of 6.0% according to a new report by Grand View Research, Inc. Increasing use of Polyethylene Glycol (PEG) as a solvent in the manufacturing of laxatives and eye drops coupled with the growth of the pharmaceutical industry is anticipated to drive the market. The evolution of waterborne coating and paint in automotive and construction industries owing to the growing demand for eco-friendly products is expected to augment PEG market growth.
Medical was the largest application for PEG, accounting for more than 40% of market share in 2022. Superior blending, hygroscopicity, and non-toxic properties of PEG have resulted in high demand for the chemical in numerous pharmaceutical products such as tablets and ointments. Increasing pharmaceutical expenditure, particularly in emerging economies of India, China, and Brazil, is expected to boost PEG market over the forecast period. Growing demand for paints & coatings coupled with the increasing use of PEG as a solvent due to its low VOC emissions is anticipated to fuel market growth over the next six years.
List Of Key Players in Polyethylene Glycol Market
- BASF
- Dow Chemical Company
- LOTTE CHEMICAL
- Ineos
- Croda
- Liaoning Oxiranchem
- Liaoning Kelong
- Jiangsu Haian Petrochemical Plant
- Shanghai Bronkow Chemical
- Taijie Chemical
- Huangma Chemical
- India Glycols
Related Press Release@ Polyethylene Glycol Market Report
Polyethylene Glycol Market Report Highlights
- PEG market demand in industrial applications accounted for less than 30.6% of volume share in 2022 and is expected to witness growth on account of development in automotive, construction, marine, electronics, and aerospace industries. Growing automotive production coupled with increasing construction expenditure, particularly in emerging economies of Asia Pacific, Middle East and Latin America, is anticipated to drive PEG market growth.
- Asia Pacific was the largest market for PEG owing to the presence of a large scale pharmaceutical and automotive manufacturing base in the region. Rapid industrialization in the region over the past decade augmented PEG demand and the trend is anticipated to continue over the forecast period. Growing demand for skincare products as a result of rising consumer purchasing power is expected to play a vital role in the growth of PEG market.
- Latin America and the Middle East are likely to witness above-average growth on account of the growing automotive industry as well as increasing expenditure on building & construction over the forecast period.
- Key market participants include BASF SE, The Dow Chemical Company, Ineos, Liaoning Oxiranchem, Jiangsu Haian Petrochemical Plant, India Glycols and Taijie Chemical. The global market for PEG was fragmented due to the presence of numerous companies. Gaining popularity of PEGlycation technology in pharmaceutical and biotechnological applications due to its pharmacological advantages and acceptability is expected to have a positive impact.
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Polyethylene Glycol Market Segmentation
Grand View Research has segmented the global polyethylene glycol market report based on application, and region:
Polyethylene Glycol Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)
- Medical
- Personal Care
- Industrial
- Others
Polyethylene Glycol Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the polyethylene glycol market include BASF, Croda, Dow Chemical Company, Huangma Chemical, India Glycols, Ineos, Jiangsu Haian Petrochemical Plant, Liaoning Kelong, Liaoning Oxiranchem, LOTTE CHEMICAL, Shanghai Bronkow Chemical, and Taijie Chemical among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Polyethylene Glycol Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/Polyethylene-Glycol-market/download-sampleMarket DynamicsThe growing demand of biologically safe and non-immunogenic substances in food & beverage and biological application is driving the market growth.
Increasing adoption in various skin creams and personal care products is also fueling market growth.
Booming construction industry with an increasing preference towards water-based paints and coatings are boosting the market growth.
Soaring demand of the PEG in pharmaceutical and biomedical application is again contributing the market growth.
Adroit Market Research published a study titled, “Global polyethylene glycol Market Size 2017 by application (Medical, Personal care, Industrial and others) by region (North America, Europe, Asia Pacific, Rest of the World) and Forecast 2018 to 2025”.
The report consists of global polyethylene glycol market trends such as such as drivers, restraints and opportunities.
Porter’s Five Forces analysis, PESTEL analysis, and value chain analysis are the analytical tools utilized in the published study in order to gain a better understanding of the global polyethylene glycol market.
For instance, PEG is used in cosmetic industry for preparing skin creams, ointments bases and lubricants because of their skin friendliness.
Other industrial applications of PEG include lubrication coating for various surfaces in aqueous and non-aqueous environments and as a polar stationary phase for gas chromatography.Medical sector had the biggest market share of more than 40% in 2017, among the other application segments of the polyethylene glycol market.
With growing pharmaceutical and food sectors in Asian countries such as India and China, the demand for PEG and its derivatives has grown over the past years and is expected to grow further in the forecast period.
Moreover, due to the importance of the compound in the medical device, automobile, paper and ceramics, paint and coating, and construction sectors, its sales already generated $4.5 billion revenue in 2020, which is set to increase massively during 2021–2030 (forecast period).The grade segment of the market is categorized into PEG 6000, PEG 4000, PEG 3350, PEG 400 FCC Grade, PEG 400, PEG 300, and PEG 200.
Among these, the PEG 400 category dominated the market for PEG in 2020, and it is set to advance significantly during the forecast period.
Moreover, this grade’s hydrophilic nature allows for its usage in drugs to improve the bioavailability and solubility of drug molecules that are weakly soluble in water.On the basis of application, the polyethylene glycol market is divided into medical, industrial, construction & infrastructure, and personal care.
Some of the most-common medicines have this ingredient, such as acetaminophen, cetirizine, diclofenac, ibuprofen, and tramadol.
Moreover, PEG 3350 is used to treat constipation, by helping in the retention of water in the stool.The biggest trend in the polyethylene glycol market is technological advancements in the manufacturing process.
High-molecular-weight PEG is created via suspension polymerization, wherein holding the lengthening polymer chain in the solution while the polycondensation process is underway is important.
The report gives a clear image of the current Activated Polyethylene Glycol Market scenario and the expected future of the industry.
The report focuses on market drivers, restraints, growth, trends, and the forecast for the period from 2020 to 2025.
Besides, the report also represents the market performance by value chain analysis which will help to provide better product differentiation along with the analysis of each segment regarding opportunity, market attractiveness index and growth rate.
According to this study, over the next five years the Activated Polyethylene Glycol (PEG) market will register a 2.7% CAGR in terms of revenue, the global market size will reach US$ 165.1 million by 2024, from US$ 148.4 million in 2019.
Browse the complete Activated Polyethylene Glycol market Report and TOC @ https://www.decisiondatabases.com/ip/40636-activated-polyethylene-glycol-peg-market-analysis-report The key manufacturers covered in this report: NOFJenKem TechnologyMerckCreative PEGWorksLaysan Bio Segmentation by product type: Linear PEGsBranched PEGsMulti-arm PEGsOthers Segmentation by application: Pharmaceutical IntermediatesMedical Devices This report also splits the market by region: AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapan…….
Download Free Sample Report of Global Activated Polyethylene Glycol Market Report @ https://www.decisiondatabases.com/contact/download-sample-40636 Research objectives To study and analyze the global Activated Polyethylene Glycol consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Activated Polyethylene Glycol market by identifying its various subsegments.Focuses on the key global Activated Polyethylene Glycol manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Activated Polyethylene Glycol with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Activated Polyethylene Glycol submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.
Recently published a report entitled Polyethylene Glycol Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad polyethylene glycol market has been sub-grouped into application.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Polyethylene Glycol Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/polyethylene-glycol-market/download-sampleBy ApplicationMedicalPersonal CareIndustrialOthersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the polyethylene glycol market include BASF, Croda, Dow Chemical Company, Huangma Chemical, India Glycols, Ineos, Jiangsu Haian Petrochemical Plant, Liaoning Kelong, Liaoning Oxiranchem, LOTTE CHEMICAL, Shanghai Bronkow Chemical, and Taijie Chemical among others.
