Product Code: 12224
The polyethylene glycol market was worth $4,534.8 million, which will increase at a 4.8% CAGR from 2021 to 2030, to reach $6,909.6 million. The growing consumption of polyethylene glycol (PEG) as a specialty solvent and surface-active agent in shampoos, creams & lotions, toothpastes, conditioners, deodorants, lipsticks, soaps, bath oils, and detergents is the key factor driving the market.
The APAC polyethylene glycol market has seen significant expansion in recent decades because of the rising demand for water-based paints, coatings, and inks in the construction sector; therefore, it currently has the largest share. Furthermore, the rise of the paper industry in India and China is predicted to enhance the requirement for the chemical, which is used as a color stabilizer in ceramics and paper.
Additionally, the hydraulic fracturing technology has expanded the production of unconventional resources, including shale gas and tight oil, thus improving the access to the petrochemicals used in PEG and open up market opportunities.
PEG 400 Holds Largest Share in Market:
PEG 400 holds the largest share in the polyethylene glycol market, and it will grow at a 5% CAGR in the coming years. This is mainly because this variant has a low molecular weight and not as toxic. It is also hydrophilic, which means it is ideal for boosting the solubility and bioavailability of drugs that are not adequately water-soluble.
Medical Sector Offers Largest Application Area for PEG
In 2021, the medical category held the largest share in the market. PEG is used as a solvent, dispensing agent, and delivery liquid for pharmaceuticals and ointments, as well as a tablet filler and suppository base in ophthalmic solutions and for curing constipation. Furthermore, the use of PEG, rather than monoethylene glycol, in the pharmaceutical sector is expected to have a favorable impact on the market.
North America Holds Significant Share:
North America holds around 30% revenue share of the polyethylene glycol market, owing to the high production of crude oil. As per the U.S. Energy Information Administration, the present per-day production of crude oil in the country is approximately 11 million barrels. PEG usage is also being driven by the substantial expansion of the cosmetics and personal care sectors in the U.S. and Canada. Customers' rising requirement for multifunctional personal care products and the increasing employed population are driving growth in the cosmetics and personal care industry in the continent.
Companies Engaged in Various Strategic Developments to Increase Market Share:
To maintain a competitive edge, major companies in the polyethylene glycol market are engaging in several strategic activities. For example:
Clariant announced the launch of a range of Vita 100% bio-based PEGs and surfactants in February 2021.
Table of Contents
Chapter 1. Research Background
- 1.1 Research Objectives
- 1.2 Market Definition
- 1.3 Analysis Period
- 1.4 Market Data Reporting Unit
- 1.5 Market Size Breakdown by Segment
- 1.5.1 Market Segmentation by Form
- 1.5.2 Market Segmentation by Grade
- 1.5.3 Market Segmentation by Application
- 1.5.4 Market Segmentation by Region
- 1.5.5 Market Segment Analysis of Countries
- 1.6 Key Stakeholders
Chapter 2. Research Methodology
- 2.1 Secondary Research
- 2.1.1 Paid
- 2.1.2 Unpaid
- 2.1.3 P&S Intelligence Database
- 2.2 Primary Research
- 2.2.1 Breakdown of Primary Research, by Region
- 2.2.2 Breakdown of Primary Research, by Industry Participant
- 2.2.3 Breakdown of Primary Research, by Designation
- 2.2.5 Breakdown of Primary Research, by Company Type
- 2.3 Market Size Estimation
- 2.4 Data Triangulation
- 2.5 Currency Conversion Rates
- 2.6 Assumptions for the Study
- 2.7 Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
- 5.1 Personal Care and Pharmaceutical Industry
- 5.1.1 Global Pharmaceutical Market Size
- 5.2 Global Specialty Chemicals Market
Chapter 6. Definition of Market Segments
- 6.1 By Form
- 6.1.1 Opaque Liquid
- 6.1.2 White Wax Solid
- 6.1.3 Flake/Powder
- 6.2 By Grade
- 6.2.1 PEG 200
- 6.2.2 PEG 300
- 6.2.3 PEG 400
- 6.2.4 PEG 400 FCC Grade
- 6.2.5 PEG 3350
- 6.2.6 PEG 4000
- 6.2.7 PEG 6000
- 6.2.8 Others
- 6.3 By Application
- 6.3.1 Medical
- 6.3.2 Construction & Infrastructure
- 6.3.3 Industrial
- 6.3.4 Personal Care
- 6.3.5 Others
Chapter 7. Industry Outlook
- 7.1 Market Dynamics
- 7.1.1 Trends
- 7.1.1.1 Technological advances to manufacture PEG
- 7.1.1.2 Increasing demand for bio-based PEG
- 7.1.2 Drivers
- 7.1.2.1 Growing demand for PEG in drugs and medical devices
- 7.1.2.2 Rising application in skin and personal care products
- 7.1.2.3 Proliferating construction industry
- 7.1.3 Impact Analysis of Drivers on Market Forecast
- 7.1.4 Restraints
- 7.1.4.1 Increasing preference for alternatives
- 7.1.4.2 Side-effects of drugs containing PEG
- 7.1.5 Impact Analysis of Restraints on Market Forecast
- 7.2 Impact of COVID-19
- 7.3 Value Chain Analysis
- 7.4 Porter's Five Forces Analysis
- 7.4.1 Bargaining Power of Buyers
- 7.4.2 Bargaining Power of Suppliers
- 7.4.3 Intensity of Rivalry
- 7.4.4 Threat of New Entrants
- 7.4.5 Threat of Substitutes
Chapter 8. Policy and Regulatory Landscape
Chapter 9. Global Market Size and Forecast
- 9.1 Overview
- 9.2 Market Volume, by Form (2015-2030)
- 9.3 Market Revenue, by Form (2015-2030)
- 9.4 Market Volume, by Grade (2015-2030)
- 9.5 Market Revenue, by Grade (2015-2030)
- 9.6 Market Revenue, by Application (2015-2030)
- 9.7 Market Volume, by Region (2015-2030)
- 9.8 Market Revenue, by Region (2015-2030)
Chapter 10. North America Market Size and Forecast
- 10.1 Overview
- 10.2 Market Volume, by Form (2015-2030)
- 10.3 Market Revenue, by Form (2015-2030)
- 10.4 Market Volume, by Grade (2015-2030)
- 10.5 Market Revenue, by Grade (2015-2030)
- 10.6 Market Revenue, by Application (2015-2030)
- 10.7 Market Volume, by Country (2015-2030)
- 10.8 Market Revenue, by Country (2015-2030)
Chapter 11. Europe Market Size and Forecast
- 11.1 Overview
- 11.2 Market Volume, by Form (2015-2030)
- 11.3 Market Revenue, by Form (2015-2030)
- 11.4 Market Volume, by Grade (2015-2030)
- 11.5 Market Revenue, by Grade (2015-2030)
- 11.6 Market Revenue, by Application (2015-2030)
- 11.7 Market Volume, by Country (2015-2030)
- 11.8 Market Revenue, by Country (2015-2030)
Chapter 12. APAC Market Size and Forecast
- 12.1 Overview
- 12.2 Market Volume, by Form (2015-2030)
- 12.3 Market Revenue, by Form (2015-2030)
- 12.4 Market Volume, by Grade (2015-2030)
- 12.5 Market Revenue, by Grade (2015-2030)
- 12.6 Market Revenue, by Application (2015-2030)
- 12.7 Market Volume, by Country (2015-2030)
- 12.8 Market Revenue, by Country (2015-2030)
Chapter 13. LATAM Market Size and Forecast
- 13.1 Overview
- 13.2 Market Volume, by Form (2015-2030)
- 13.3 Market Revenue, by Form (2015-2030)
- 13.4 Market Volume, by Grade (2015-2030)
- 13.5 Market Revenue, by Grade (2015-2030)
- 13.6 Market Revenue, by Application (2015-2030)
- 13.7 Market Volume, by Country (2015-2030)
- 13.8 Market Revenue, by Country (2015-2030)
Chapter 14. MEA Market Size and Forecast
- 14.1 Overview
- 14.2 Market Volume, by Form (2015-2030)
- 14.3 Market Revenue, by Form (2015-2030)
- 14.4 Market Volume, by Grade (2015-2030)
- 14.5 Market Revenue, by Grade (2015-2030)
- 14.6 Market Revenue, by Application (2015-2030)
- 14.7 Market Volume, by Country (2015-2030)
- 14.8 Market Revenue, by Country (2015-2030)
Chapter 15. U.S. Market Size and Forecast
- 15.1 Market Volume, by Form (2015-2030)
- 15.2 Market Revenue, by Form (2015-2030)
- 15.3 Market Volume, by Grade (2015-2030)
- 15.4 Market Revenue, by Grade (2015-2030)
- 15.5 Market Revenue, by Application (2015-2030)
Chapter 16. Canada Market Size and Forecast
- 16.1 Market Volume, by Form (2015-2030)
- 16.2 Market Revenue, by Form (2015-2030)
- 16.3 Market Volume, by Grade (2015-2030)
- 16.4 Market Revenue, by Grade (2015-2030)
- 16.5 Market Revenue, by Application (2015-2030)
Chapter 17. Germany Market Size and Forecast
- 17.1 Market Volume, by Form (2015-2030)
- 17.2 Market Revenue, by Form (2015-2030)
- 17.3 Market Volume, by Grade (2015-2030)
- 17.4 Market Revenue, by Grade (2015-2030)
- 17.5 Market Revenue, by Application (2015-2030)
Chapter 18. France Market Size and Forecast
- 18.1 Market Volume, by Form (2015-2030)
- 18.2 Market Revenue, by Form (2015-2030)
- 18.3 Market Volume, by Grade (2015-2030)
- 18.4 Market Revenue, by Grade (2015-2030)
- 18.5 Market Revenue, by Application (2015-2030)
Chapter 19. U.K. Market Size and Forecast
- 19.1 Market Volume, by Form (2015-2030)
- 19.2 Market Revenue, by Form (2015-2030)
- 19.3 Market Volume, by Grade (2015-2030)
- 19.4 Market Revenue, by Grade (2015-2030)
- 19.5 Market Revenue, by Application (2015-2030)
Chapter 20. Italy Market Size and Forecast
- 20.1 Market Volume, by Form (2015-2030)
- 20.2 Market Revenue, by Form (2015-2030)
- 20.3 Market Volume, by Grade (2015-2030)
- 20.4 Market Revenue, by Grade (2015-2030)
- 20.5 Market Revenue, by Application (2015-2030)
Chapter 21. Spain Market Size and Forecast
- 21.1 Market Volume, by Form (2015-2030)
- 21.2 Market Revenue, by Form (2015-2030)
- 21.3 Market Volume, by Grade (2015-2030)
- 21.4 Market Revenue, by Grade (2015-2030)
- 21.5 Market Revenue, by Application (2015-2030)
Chapter 22. China Market Size and Forecast
- 22.1 Market Volume, by Form (2015-2030)
- 22.2 Market Revenue, by Form (2015-2030)
- 22.3 Market Volume, by Grade (2015-2030)
- 22.4 Market Revenue, by Grade (2015-2030)
- 22.5 Market Revenue, by Application (2015-2030)
Chapter 23. Japan Market Size and Forecast
- 23.1 Market Volume, by Form (2015-2030)
- 23.2 Market Revenue, by Form (2015-2030)
- 23.3 Market Volume, by Grade (2015-2030)
- 23.4 Market Revenue, by Grade (2015-2030)
- 23.5 Market Revenue, by Application (2015-2030)
Chapter 24. India Market Size and Forecast
- 24.1 Market Volume, by Form (2015-2030)
- 24.2 Market Revenue, by Form (2015-2030)
- 24.3 Market Volume, by Grade (2015-2030)
- 24.4 Market Revenue, by Grade (2015-2030)
- 24.5 Market Revenue, by Application (2015-2030)
Chapter 25. Australia Market Size and Forecast
- 25.1 Market Volume, by Form (2015-2030)
- 25.2 Market Revenue, by Form (2015-2030)
- 25.3 Market Volume, by Grade (2015-2030)
- 25.4 Market Revenue, by Grade (2015-2030)
- 25.5 Market Revenue, by Application (2015-2030)
Chapter 26. South Korea Market Size and Forecast
- 26.1 Market Volume, by Form (2015-2030)
- 26.2 Market Revenue, by Form (2015-2030)
- 26.3 Market Volume, by Grade (2015-2030)
- 26.4 Market Revenue, by Grade (2015-2030)
- 26.5 Market Revenue, by Application (2015-2030)
Chapter 27. Brazil Market Size and Forecast
- 27.1 Market Volume, by Form (2015-2030)
- 27.2 Market Revenue, by Form (2015-2030)
- 27.3 Market Volume, by Grade (2015-2030)
- 27.4 Market Revenue, by Grade (2015-2030)
- 27.5 Market Revenue, by Application (2015-2030)
Chapter 28. Mexico Market Size and Forecast
- 28.1 Market Volume, by Form (2015-2030)
- 28.2 Market Revenue, by Form (2015-2030)
- 28.3 Market Volume, by Grade (2015-2030)
- 28.4 Market Revenue, by Grade (2015-2030)
- 28.5 Market Revenue, by Application (2015-2030)
Chapter 29. Saudi Arabia Market Size and Forecast
- 29.1 Market Volume, by Form (2015-2030)
- 29.2 Market Revenue, by Form (2015-2030)
- 29.3 Market Volume, by Grade (2015-2030)
- 29.4 Market Revenue, by Grade (2015-2030)
- 29.5 Market Revenue, by Application (2015-2030)
Chapter 30. South Africa Market Size and Forecast
- 30.1 Market Volume, by Form (2015-2030)
- 30.2 Market Revenue, by Form (2015-2030)
- 30.3 Market Volume, by Grade (2015-2030)
- 30.4 Market Revenue, by Grade (2015-2030)
- 30.5 Market Revenue, by Application (2015-2030)
Chapter 31. Competitive Landscape
- 31.1 List of Market Players and Their Offerings
- 31.2 Market Share Analysis of Key Players
Chapter 32. Company Profiles
- 32.1 Akzo Nobel N.V.
- 32.1.1 Business Overview
- 32.1.2 Product and Service Offerings
- 32.1.3 Key Financial Summary
- 32.2 BASF SE
- 32.2.1 Business Overview
- 32.2.2 Product and Service Offerings
- 32.2.3 Key Financial Summary
- 32.3 The Dow Chemical Company
- 32.3.1 Business Overview
- 32.3.2 Product and Service Offerings
- 32.3.3 Key Financial Summary
- 32.4 Liaoning Oxiranchem Inc.
- 32.4.1 Business Overview
- 32.4.2 Product and Service Offerings
- 32.5 India Glycols Ltd.
- 32.5.1 Business Overview
- 32.5.2 Product and Service Offerings
- 32.5.3 Key Financial Summary
- 32.6 Clariant AG
- 32.6.1 Business Overview
- 32.6.2 Product and Service Offerings
- 32.6.3 Key Financial Summary
- 32.7 INEOS Group Holdings S.A.
- 32.7.1 Business Overview
- 32.7.2 Product and Service Offerings
- 32.7.3 Key Financial Summary
- 32.8 Huntsman Corporation
- 32.8.1 Business Overview
- 32.8.2 Product and Service Offerings
- 32.8.3 Key Financial Summary
- 32.9 Jiangsu Haian Petroleum Chemical Factory
- 32.9.1 Business Overview
- 32.9.2 Product and Service Offerings
- 32.10 Croda International Plc
- 32.10.1 Business Overview
- 32.10.2 Product and Service Offerings
- 32.10.3 Key Financial Summary
Chapter 33. Appendix
- 33.1 Abbreviations
- 33.2 Sources and References
- 33.3 Related Reports