Global polyethylene glycol market is expected to reach USD 8,025.05 million by 2030 from USD 4,914.62 million in 2022, growing at a CAGR of 6.4% during the forecast period of 2023 to 2030.
Market Segmentation
Global Polyethylene Glycol Market, By Grade (PEG 200, PEG 300, PEG 400, PEG 600, PEG 1000, PEG 3350, PEG 4000, PEG 6000, PEG 8000, and Others), Form (Opaque Liquid, White Waxy Solid, Flakes, and Powder), Packaging Type (Plastic Bottles, Drums, Bags, and Cartons), Application (Healthcare, Building and Construction, Industrial, Cosmetics/Personal Care, and Others), Countries (U.S., Canada, Mexico, Germany, U.K., Italy, Poland, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Denmark, Sweden, Norway, Finland, and the rest of Europe, Japan, China, South Korea, India, Singapore, Indonesia, Malaysia, Vietnam, Taiwan, Thailand, Philippines, Australia, New Zealand, and the rest of Asia-Pacific, Brazil, Argentina, and the rest of South America, South Africa, Egypt, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, United Arab Emirates, Israel, and the rest of Middle East And Africa) - Industry Trends and Forecast to 2030
Overview of the Global Polyethylene Glycol Market Dynamics
Drivers
Growing demand for medicines
Usage of pegylation technology in biotechnological and pharmaceutical applications
High demand for water-based paints
Restraints
Viscosity instability issues in PEG
Strict regulations in the pharmaceutical industry
High demand for substitutes
Opportunities
Production of polyethylene glycol- 400 for eye drop applications
Use of polyethylene glycol as an additive in paint & coatings
Market Players
Some of the major market players operating in the global polyethylene glycol market are:
SABIC
LOTTE Chemical Corporation
INEOS
Croda International Plc
BASF SE
Dow
India Glycols Limited.
Liaoning Kelong Fine Chemical Co., Ltd.
Noah Chemicals
GFS Chemicals, Inc.
Hefei TNJ Chemical Industry Co., Ltd.
CLARIANT
Mitsui Chemicals, Inc.
Dynalene, Inc.
Shanghai Bronkow Chemical Co.,Ltd.
Saibaba Surfactants PVT LTD
Carl Roth GmbH + Co. KG
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