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Polyethylene Glycol Market Size, Share & Trends Analysis Report By Application (Medical, Personal Care, Industrial, and Others), By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 185 Pages
  • March 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5949652
The Global Polyethylene Glycol Market size is expected to reach $7 billion by 2030, rising at a market growth of 5.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,519.22 Kilo tonnes, experiencing a growth of 3.2% (2019-2022).

PEG acts as an emollient, which helps soften and smooth the skin or hair. Thus, the Personal Care segment acquired $802.14 million in 2022. PEG functions as a humectant, attracting and retaining moisture. It can contribute to moisture retention in the hair shaft in hair care products. Also, the US market utilized 486.06 kilo tonnes in 2022. This can contribute to the demand for PEG in North America, where sustainability is a growing concern.



In drug delivery systems, PEG is frequently employed to enhance the solubility of poorly soluble drugs in water. This enhancement in solubility can lead to better bioavailability and improved therapeutic efficacy of the drug. Hence, these factors can assist in the growth of the market.

Additionally, PEG’s emulsifying and surfactant properties make it useful in producing emulsions and solutions. It helps in stabilizing mixtures of liquids that would otherwise separate. Hence, these factors can lead to the expansion of the market.

However, meeting regulatory standards demands significant financial investments in research, development, and manufacturing processes. Companies need to allocate substantial resources to ensure their polyethylene glycol products comply with evolving regulatory requirements. Therefore, these factors can limit the expansion of the market.

By Application Analysis

Based on application, the market is segmented into medical, personal care, industrial, and others. The medical segment acquired 43% revenue share in the market in 2022. PEG is commonly used in the pharmaceutical industry for drug delivery systems.



By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured 48.4% revenue share in the market in 2022. The growing population and urbanization in the Asia Pacific region contribute to increased demand for products in sectors where polyethylene glycol is commonly used, such as pharmaceuticals, cosmetics, and food.

List of Key Companies Profiled

  • BASF SE
  • The Dow Chemical Company
  • LOTTE Chemical Corporation (LOTTE Corp.)
  • INEOS Group Holdings S.A. (INEOS Oligomers)
  • Croda International PLC
  • India Glycols Limited
  • Liaoning Oxiranchem Inc.
  • Liaoning Kelong Fine Chemical Co., Ltd.
  • Jiangsu Hai'an Petrochemical Plant
  • Shanghai Bronkow Chemical Co. Ltd.

Market Report Segmentation

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Medical
  • Personal Care
  • Industrial
  • Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Polyethylene Glycol Market, by Application
1.4.2 Global Polyethylene Glycol Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Polyethylene Glycol Market, By Application
4.1 Global Medical Market, By Region
4.2 Global Personal Care Market, By Region
4.3 Global Industrial Market, By Region
4.4 Global Others Market, By Region
Chapter 5. Global Polyethylene Glycol Market, By Region
5.1 North America Polyethylene Glycol Market
5.1.1 North America Polyethylene Glycol Market, By Application
5.1.1.1 North America Medical Market, By Country
5.1.1.2 North America Personal Care Market, By Country
5.1.1.3 North America Industrial Market, By Country
5.1.1.4 North America Others Market, By Country
5.1.2 North America Polyethylene Glycol Market, By Country
5.1.2.1 US Polyethylene Glycol Market
5.1.2.1.1 US Polyethylene Glycol Market, By Application
5.1.2.2 Canada Polyethylene Glycol Market
5.1.2.2.1 Canada Polyethylene Glycol Market, By Application
5.1.2.3 Mexico Polyethylene Glycol Market
5.1.2.3.1 Mexico Polyethylene Glycol Market, By Application
5.1.2.4 Rest of North America Polyethylene Glycol Market
5.1.2.4.1 Rest of North America Polyethylene Glycol Market, By Application
5.2 Europe Polyethylene Glycol Market
5.2.1 Europe Polyethylene Glycol Market, By Application
5.2.1.1 Europe Medical Market, By Country
5.2.1.2 Europe Personal Care Market, By Country
5.2.1.3 Europe Industrial Market, By Country
5.2.1.4 Europe Others Market, By Country
5.2.2 Europe Polyethylene Glycol Market, By Country
5.2.2.1 Germany Polyethylene Glycol Market
5.2.2.1.1 Germany Polyethylene Glycol Market, By Application
5.2.2.2 UK Polyethylene Glycol Market
5.2.2.2.1 UK Polyethylene Glycol Market, By Application
5.2.2.3 France Polyethylene Glycol Market
5.2.2.3.1 France Polyethylene Glycol Market, By Application
5.2.2.4 Russia Polyethylene Glycol Market
5.2.2.4.1 Russia Polyethylene Glycol Market, By Application
5.2.2.5 Spain Polyethylene Glycol Market
5.2.2.5.1 Spain Polyethylene Glycol Market, By Application
5.2.2.6 Italy Polyethylene Glycol Market
5.2.2.6.1 Italy Polyethylene Glycol Market, By Application
5.2.2.7 Rest of Europe Polyethylene Glycol Market
5.2.2.7.1 Rest of Europe Polyethylene Glycol Market, By Application
5.3 Asia Pacific Polyethylene Glycol Market
5.3.1 Asia Pacific Polyethylene Glycol Market, By Application
5.3.1.1 Asia Pacific Medical Market, By Country
5.3.1.2 Asia Pacific Personal Care Market, By Country
5.3.1.3 Asia Pacific Industrial Market, By Country
5.3.1.4 Asia Pacific Others Market, By Country
5.3.2 Asia Pacific Polyethylene Glycol Market, By Country
5.3.2.1 China Polyethylene Glycol Market
5.3.2.1.1 China Polyethylene Glycol Market, By Application
5.3.2.2 Japan Polyethylene Glycol Market
5.3.2.2.1 Japan Polyethylene Glycol Market, By Application
5.3.2.3 India Polyethylene Glycol Market
5.3.2.3.1 India Polyethylene Glycol Market, By Application
5.3.2.4 South Korea Polyethylene Glycol Market
5.3.2.4.1 South Korea Polyethylene Glycol Market, By Application
5.3.2.5 Singapore Polyethylene Glycol Market
5.3.2.5.1 Singapore Polyethylene Glycol Market, By Application
5.3.2.6 Malaysia Polyethylene Glycol Market
5.3.2.6.1 Malaysia Polyethylene Glycol Market, By Application
5.3.2.7 Rest of Asia Pacific Polyethylene Glycol Market
5.3.2.7.1 Rest of Asia Pacific Polyethylene Glycol Market, By Application
5.4 LAMEA Polyethylene Glycol Market
5.4.1 LAMEA Polyethylene Glycol Market, By Application
5.4.1.1 LAMEA Medical Market, By Country
5.4.1.2 LAMEA Personal Care Market, By Country
5.4.1.3 LAMEA Industrial Market, By Country
5.4.1.4 LAMEA Others Market, By Country
5.4.2 LAMEA Polyethylene Glycol Market, By Country
5.4.2.1 Brazil Polyethylene Glycol Market
5.4.2.1.1 Brazil Polyethylene Glycol Market, By Application
5.4.2.2 Argentina Polyethylene Glycol Market
5.4.2.2.1 Argentina Polyethylene Glycol Market, By Application
5.4.2.3 UAE Polyethylene Glycol Market
5.4.2.3.1 UAE Polyethylene Glycol Market, By Application
5.4.2.4 Saudi Arabia Polyethylene Glycol Market
5.4.2.4.1 Saudi Arabia Polyethylene Glycol Market, By Application
5.4.2.5 South Africa Polyethylene Glycol Market
5.4.2.5.1 South Africa Polyethylene Glycol Market, By Application
5.4.2.6 Nigeria Polyethylene Glycol Market
5.4.2.6.1 Nigeria Polyethylene Glycol Market, By Application
5.4.2.7 Rest of LAMEA Polyethylene Glycol Market
5.4.2.7.1 Rest of LAMEA Polyethylene Glycol Market, By Application
Chapter 6. Company Profiles
6.1 BASF SE
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Geographical Expansions:
6.1.6 SWOT Analysis
6.2 The Dow Chemical Company
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 SWOT Analysis
6.3 LOTTE Chemical Corporation (LOTTE Corp.)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.4 INEOS Group Holdings S.A. (INEOS Oligomers)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 SWOT Analysis
6.5 Croda International PLC
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 SWOT Analysis
6.6 India Glycols Limited
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 SWOT Analysis
6.7 Liaoning Oxiranchem Inc.
6.7.1 Company Overview
6.7.2 SWOT Analysis
6.8 Jiangsu Hai'an Petrochemical Plant
6.8.1 Company Overview
6.8.2 SWOT Analysis
6.9 Liaoning Kelong Fine Chemical Co., Ltd.
6.9.1 Company Overview
6.9.2 SWOT Analysis
6.10. Shanghai Bronkow Chemical Co. Ltd.
6.10.1 Company Overview
Chapter 7. Winning Imperatives of Polyethylene Glycol Market

Companies Mentioned

  • BASF SE
  • The Dow Chemical Company
  • LOTTE Chemical Corporation (LOTTE Corp.)
  • INEOS Group Holdings S.A. (INEOS Oligomers)
  • Croda International PLC
  • India Glycols Limited
  • Liaoning Oxiranchem Inc.
  • Liaoning Kelong Fine Chemical Co., Ltd.
  • Jiangsu Hai'an Petrochemical Plant
  • Shanghai Bronkow Chemical Co. Ltd.

Methodology

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