As per this study, the Global Polyethylene Glycol Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Polyethylene glycol (PEG) is a non-toxic, hydrophilic, synthetic polyether compound with molecular formula H− (O−CH2−CH2) n−OH. It is alternatively known as polyethylene oxide (PEO) or polyoxyethylene (POE). PEG is synthesized by reaction of ethylene oxide with water, ethylene glycol or ethylene glycol oligomers resulting into linear, branched or multi-arm PEG molecule. PEG has wide areas of applications including food and beverage, healthcare, chemical, personal care, defense, electronics, and so on.
The 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. Despite this, the availability of alternatives such as monoethylene and others may act as the roadblock for market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of polyethylene glycol.
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.
- Personal Care
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for polyethylene glycol in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Polyethylene Glycol Market Share by Region (Representative Graph)
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.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.