1. Home
  2. Chemical and Materials
  3. global-polyethylene-glycol-market
Image

Global Polyethylene Glycol Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Published Report
  • Feb 2023
  • Global
  • 350 Pages
  • No of Tables: 1001
  • No of Figures: 53
  • Chemical and Materials
  • Published Report
  • Feb 2023
  • Global
  • 350 Pages
  • No of Tables: 1001
  • No of Figures: 53

Global Polyethylene Glycol Market, By Grade (PEG 200, PEG 300, PEG 400, PEG 600, PEG 1000, PEG 3350, PEG 4000, PEG 6000, PEG 8000, PEG 10000, and PEG 20000), Form (Opaque Liquid, White Waxy Solid, and Flakes/ Powder), Packaging Size (Plastic Bottles and Drums), Application (Healthcare, Building and Construction, Industrial, Cosmetics/Personal Care, and Others), Industry Trends and Forecast to 2030.

Polyethylene Glycol Market

Polyethylene Glycol Market Analysis and Size

The global polyethylene glycol market is being driven by the pharmaceutical industry is a key driver driving market expansion. Polyethylene glycols are crucial components of pharmaceutical formulations used to create topical, oral, ophthalmic, and rectal treatments. In a number of medicinal applications, they serve as lubricants and film-coating agents. Additionally, the use of polyethylene glycol in paint and coating products will open up more business potential for polyethylene glycol markets. However, stringent government regulations may restrain market growth.

Polyethylene Glycol Market

Polyethylene Glycol Market

Data Bridge Market Research analyses that the global polyethylene glycol market is expected to reach the value of USD 8,025.05 million by 2030, at a CAGR of 6.4% during the forecast period.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Year

2021 (Customizable to 2020-2016)

Quantitative Units

Revenue in USD Million, Volumes in Tons, Pricing in USD

Segments Covered

By Grade (PEG 200, PEG 300, PEG 400, PEG 600, PEG 1000, PEG 3350, PEG 4000, PEG 6000, PEG 8000, PEG 10000, and PEG 20000), Form (Opaque Liquid, White Waxy Solid, and Flakes/ Powder), Packaging Size (Plastic Bottles and Drums), Application (Healthcare, Building and Construction, Industrial, Cosmetics/Personal Care, and Others).

Countries Covered

U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Sweden, Poland, Denmark, Finland, Norway, Turkey, Rest of Europe, Japan, China, South Korea, India, Australia, New Zealand, Vietnam, Taiwan, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, United Arab Emirates, Saudi Arabia, Egypt, Qatar, Oman, Kuwait, Bahrain, Rest of the Middle East and Africa, Brazil, Argentina and Rest of South America.

Market Players Covered

SABIC, Dow, BASF SE, Merck KGaA, INEOS, Croda International Plc, Clariant, India Glycols Limited, Pro Chem, Inc., GFS Chemicals, Inc, Liaoning Oxiranchem Inc., Liaoning Kelong Fine Chemical Co., Ltd., LOTTE Chemical Corporation, Hefei TNJ Chemical Industry Co., Ltd., Noah Chemicals, and Mil-Spec Industries Corporation among others.

Market Definition

PEG or polyethylene glycol is a polymeric material composed of ethylene oxide and water as monomers which are not only hydrophilic but also biocompatible. However, it is a synthetic molecule synthesized by polymerizing ethylene oxide where a ring-opening takes place. As it is composed of water and ethylene oxide, it finds innumerable applications in industries ranging from pharmaceuticals to construction.

Polyethylene glycols are made reactive by the replacement of the terminal hydroxyl group with several reactive functional groups such as thiols, carboxyl groups, N-hydroxysuccinimide esters azides, or reactive alkyne groups, which initiate the formation of crosslinks. It is conjugation chemistry, which plays a major role in their synthesis and depending on the attached functional group, different conditions and methods are chosen. For instance, acrylate-terminated polyethylene glycols could undergo rapid reaction under mild reaction conditions. It is colorless, low-toxic, non-irritating in nature, and has very high biocompatibility. It is widely used as an anti-foaming agent, lubricant, dispersive agent, and laxative. It is applicable to a variety of industries, such as pharmaceuticals, healthcare, building and construction, personal care, and cosmetics.

Global Polyethylene Glycol Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers:

  • Growing demand for medicines

Drug discovery is a tedious process that takes many years. Research and development towards creating new innovative pharmaceuticals are becoming important due to the increased number of chronic diseases, the aging population, and the entry of generic competitors in the future market.

The pharmaceutical industry is growing globally at an increased rate, with 'Pfizer medicine having the highest sales rate in the market. Pfizer's research and development department also predicted that the main research is attributed towards oncologic and pain killer drugs, lipid regulators, antidiabetics, respiratory agents, and others, with the United States showing the highest revenue growth.

In the evaluation of the pharmacodynamics of candidate compounds, the metabolism of drugs plays a direct role. Polyethylene glycol acts as an inactive ingredient in the pharmaceutical industry, usually as a wetting and thickening agent in ointment and creams, and is used to add protective coatings tablets. Moreover, its use as an electrolyte solution for the examination of disorders and dysfunctionality in the colon of humans is well known.

  • Usage of PEGlycation technology in biotechnological and pharmaceutical applications

PEGylation is the technique of modification of biopharmaceuticals containing polyethylene glycol to enhance the pharmacological properties of the proteins and other large molecules in bio-therapeutic drugs. The technique elongates the period of the half-life of the parental drugs and enhances the aqueous solubility of drug substances.

The PEGylation of protein molecules involves the addition of PEG molecules to the protein structure, which changes its pharmacokinetic properties and reduces the immunogenicity of molecules that help prevent infections, specifically in cancer therapy. The technique involves the conjugation of protein molecules that prolongs the blood circulation of proteins with the reduction of immunogenicity. This is because certain groups of antibody, called Anti-PEG, in the immune system recognizes and binds to the molecules of polyethylene glycols. Anti-PEG antibodies are non-toxic in nature and cause no harm to human tissues.

Polyethylene Glycol Market

Opportunities

  • Production of polyethylene glycol- 400 for eye drop applications

Polyethylene glycol-400 is a clear and colorless liquid mainly derived from petroleum possessing the characteristic of a standard petroleum polyethylene glycol. The shelf life of these eye drops is one year when stored in a cool and well-ventilated space.

Polyethylene glycol-400 is a low molecular weight compound with less toxicity. It is very hydrophilic, which makes it useful in drug formulations. Its major application lies as an ophthalmic solution, which is generally used for the treatment of burning, discomfort, or dryness of eyes. There are various names, such as blink gel tears, blink tears, or vision true tear liquids, for eye drop solutions that contain the same compound.

RESTRAINTS/ CHALLENGES

  • Viscosity stability issues in PEG

Polyethylene glycol is a compound widely used in pharmaceutical formulations, including every variety of parental, topical, oral, rectal, and ophthalmic disorder preparations. Solid grades of Polyethylene glycol with the addition of liquid grade polyethylene glycol can be used in topical ointments and as ointment bases. Moreover, these Liquid polyethylene glycols are used as water-soluble solvents in soft gelatin capsules.

However, the adsorption of moisture by polyethylene glycol from the gelatin can sometimes lead to the hardening of the capsule shell, which alternately can affect the health of the patient consuming it.

Post-COVID-19 Impact on the Global Polyethylene glycol Market

Post the pandemic, the demand for polyethylene glycol products has increased as there won't be any more restrictions on movement, so the supply of products would be easy. In addition, companies developed their processing units to manufacture polyethylene glycol-based products, and the demand for polyethylene glycol in the beauty and healthcare industries has also increased, which may propel the market's growth.

The increased demand in building and construction enables manufacturers to produce more new products, which ultimately increases the demand for Polyethylene glycol and has helped the market grow.

Moreover, the high demand in healthcare industries for will drive the market's growth. Furthermore, the demand for polyethylene glycol in healthcare industries after the COVID-19 pandemic has increased as there is rising awareness about the health benefits and high demand from the healthcare service sector resulted in market growth. Additionally, consumers' interest in new polyethylene glycol and research development is expected to fuel the growth of the global polyethylene glycol market.

Recent Developments

  • In May 2022, EA Pharma Co., Ltd. announced the launch of MOVICOL® HD, A new dosage form added to polyethylene glycol chronic constipation treatment for the first time in Japan. The MOVICOL® HD is a high dose formulation of existing "MOVICOL® LD", the first polyethylene glycol indicated for the treatment of chronic constipation.

  • In October 2021, Camber consumer care introduced 4 new over-the-counter items, including Polyethylene Glycol Powder. The company now provides generic OTC medications in a range of strengths and dosages for allergy, pain, and gastrointestinal relief, benefiting a wide range of patients.

Global Polyethylene Glycol Market Scope

The global polyethylene glycol market is categorized into four notable segments, which are grade, form, packaging size and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Grade

  • PEG 200

  • PEG 300

  • PEG 400

  • PEG 600

  • PEG 1000

  • PEG 3350

  • PEG 4000

  • PEG 6000

  • PEG 8000

  • PEG 10000

  • PEG 20000

On the basis of grade, the market is segmented into PEG 200, PEG 300, PEG 400, PEG 600, PEG 1000, PEG 3350, PEG 4000, PEG 6000, PEG 8000, PEG 10000, and PEG 20000.

Form

  • Opaque Liquid,

  • White Waxy Solid

  • Flakes/ Powder

On the basis of form, the market is segmented into opaque liquid, white waxy solid, and flakes/ powder.

Packaging Size

  • Plastic Bottles

  • Drums Bags

On the basis of packaging size, the market is segmented into plastic bottles and drums.

Application  

  • Healthcare

  • Building and Construction

  • Industrial

  • Cosmetics/Personal Care

  • Others

On the basis of application, the market is segmented into healthcare, building and construction, industrial, cosmetics/personal care, and others.

Polyethylene Glycol Market

Global Polyethylene Glycol Market Regional Analysis/Insights

The polyethylene glycol market is analyzed and market size insights and trends are provided by country on grade, form, packaging size, application and market size insights and trends are provided based on as referenced above.

The countries covered in the global polyethylene glycol market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Sweden, Poland, Denmark, Finland, Norway, Turkey, Rest of Europe, Japan, China, South Korea, India, Australia, New Zealand, Vietnam, Taiwan, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, United Arab Emirates, Saudi Arabia, Egypt, Qatar, Oman, Kuwait, Bahrain, Rest of the Middle East and Africa, Brazil, Argentina and Rest of South America.

Asia-Pacific is expected to dominate the global polyethylene glycol market in terms of market share and revenue. It is estimated to maintain its dominance during the forecast period due to strong market players and high demand for Asia-Pacific products in the global region.

The region section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Polyethylene Glycol Market

Competitive Landscape and Polyethylene Glycol Market Share Analysis

The polyethylene glycol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus on the polyethylene glycol market.

Some of the major players operating in the polyethylene glycol market are SABIC, Dow, BASF SE, Merck KGaA, INEOS, Croda International Plc, Clariant, India Glycols Limited, Pro Chem, Inc., GFS Chemicals, Inc, Liaoning Oxiranchem Inc., Liaoning Kelong Fine Chemical Co., Ltd., LOTTE Chemical Corporation, Hefei TNJ Chemical Industry Co., Ltd., Noah Chemicals, and Mil-Spec Industries Corporation among others.

SKU-
Advance Formative Research Customization
Request for bulk
Reports
Why Choose Us


Frequently Asked Questions

The Polyethylene Glycol Market is projected to grow at a CAGR of 6.4% during the forecast period by 2030.
The future market value of the Polyethylene Glycol Market is expected to reach USD 8,025.05 million by 2030.
The Countries Covered in the Polyethylene Glycol Market report are U.S., Canada, Mexico, Brazil, Argentina, the rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Taiwan, rest of Asia-Pacific, UAE, Saudi Arabia, Egypt, Israel, South Africa, rest of the Middle East and Africa.
The Expansion of the Global Polyethylene Glycol Market will be fueled by increasing healthcare expenditure and rising automotive production. Additionally, rapidly expanding construction industry and rising demand for cosmetic and skincare products will cushion the market's growth rate during the forecast period.

Browse Related Reports

Asia-Pacific Polyethylene Glycol Market Market – Industry Trends and Forecast to 2030

Europe Polyethylene Glycol Market – Industry Trends and Forecast to 2030

Middle East and Africa Polyethylene Glycol Market – Industry Trends and Forecast to 2030

North America Polyethylene Glycol Market – Industry Trends and Forecast to 2030


Browse Related Blogs

Global Polyethylene Glycol Market is Expected to Grow at 6.3% in the Forecast Period of 2021 to 2028


Browse Related Press Release

SABIC, Merck KGaA, and Dow. Dominated the Global Polyethylene Glycol Market in 2022


REPORTS

MARKET INSIGHT

SUPPORT

SOLUTIONS

DMCA Protected © DataBridge - All Rights Reserved.