The global demand for peg derivatives market was valued at 1241.41 USD MN in 2021 and is expected to generate revenue of 3126.48 USD MN in 2028, growing at a CAGR of 12.62% between 2022 and 2028. The global peg derivatives stood at around 33584.46 Tons in 2021 and is expected to reach 75150.88 Tons in 2028, growing at a CAGR of around 10.71% between 2022 and 2028.
Polyethylene glycols or PEGs are hydrophilic oligomers or polymers made from ethylene oxide that have a repeating unit of – (O – CH2 – CH2) –. There are several PEG derivatives with numerous chemical structures and various functions. Mono-functional PEG derivatives inhibit bridging processes that could otherwise influence the PEGylation of specific compounds with bifunctional PEGs, whereas hetero- and homo-bifunctional PEG derivatives are notably helpful as cross-linking agents or spacers between two chemical entities. The sterically bulky form of branched PEG derivatives comprising linear methoxy PEG chains attached to a central core, i.e., Y-shaped branched PEG derivatives, makes a single point attachment to targets through a single reactive group possible. Multi-arm PEG derivatives are easily cross-linked into three-dimensional hydrogel materials after ethoxylation of different cores like pentaerythritol, hexaglycerol, or tripentaerythritol, including reactive moieties.
Market Dynamics
Polyethylene glycol is used in various industries, including pharmaceuticals, cosmetics, personal care, and industrial uses. The primary driver of the PEG derivatives market is the rising of applications of these products across various industries. Because of their inert nature, they are frequently utilised in ointment bases and skin creams. The market for PEG derivatives is expected to grow in response to the rising demand for skincare products. Furthermore, PEGs and its derivatives are employed as solvents, ointments, dispersive agents, and laxatives in the pharmaceutical sector. Growing demand for polyethylene glycol in developing countries such as China, Brazil, and India is expected to drive up PEG demand due to increased pharmaceutical expenditure. Additionally, the market expansion is also likely to be fueled by the increasing use of the product as a solvent in the processing of paints and coatings.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of peg derivatives. The growth and trends of PEG Derivatives Industry provide a holistic approach to this study.
Market Segmentation
This section of the peg derivatives market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Linear Pegs
- Branched Pegs
- Multi-Arm Pegs
- Others
By Application
- Pharmaceutical Industry
- Medical Equipment
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the PEG Derivatives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global PEG Derivatives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the peg derivatives market include NOF, JenKem Technology, Nektar Therapeutics, Dr. Reddy's Laboratories, Merck, Chemgen Pharma, SINOPEG, SunBio, Laysan Bio, Creative PEGWorks. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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