PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1596092
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1596092
Polyethylene Glycol Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Market Overview
The global polyethylene glycol (PEG) market is projected to reach $5,102.0 million in 2024, with expectations to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2024 to 2030, culminating in a market value of $6,909.6 million by 2030. This growth is primarily driven by the increasing consumption of PEG as a specialty solvent and surface-active agent in various personal care products, including creams, lotions, toothpaste, shampoos, deodorants, conditioners, lipsticks, bath oils, soaps, and detergents. Additionally, the rising use of water-based coatings, paints, and inks in the construction industry, particularly in the Asia-Pacific region, is contributing to market expansion. The expansion of the paper industry in countries like China and India is also expected to boost the demand for PEG, as it is utilized in the production of paper and ceramics as a color stabilizer.
Key Insights
The PEG market is segmented by form into opaque liquid, white wax solid, and flake/powder. Each form caters to specific applications across various industries, influencing their demand and utilization.
In terms of grade, the market includes PEG 200, PEG 300, PEG 400, PEG 400 FCC Grade, PEG 3350, PEG 4000, and PEG 6000. These grades differ in molecular weight and are selected based on their suitability for specific applications, ranging from pharmaceuticals to industrial uses.
The application spectrum of PEG encompasses medical, construction and infrastructure, industrial, and personal care sectors. In the medical field, PEG is widely used as a laxative and in drug formulations due to its biocompatibility and solubility. In the construction industry, it serves as a binder and lubricant in various materials. The industrial sector utilizes PEG in manufacturing processes, while the personal care industry incorporates it into products for its moisturizing properties.
Geographically, the Asia-Pacific region holds the largest share of the PEG market and is also the fastest-growing region. This dominance is attributed to the extensive growth in the construction industry and the expansion of the paper industry in countries like China and India. The increasing use of water-based coatings, paints, and inks in construction activities is driving the demand for PEG in this region.
Technological advancements are playing a significant role in shaping the PEG market. The development of bio-based PEG is emerging as a major trend, driven by the need to reduce the environmental impact of petroleum-based products. Advancements in manufacturing technologies and research and development efforts are focused on improving processing techniques, enhancing product development, and increasing the availability of bio-based PEG.
The market is characterized by fragmentation, with numerous players operating globally. Key companies are focusing on strategic initiatives such as mergers, acquisitions, and partnerships to expand their product portfolios and geographic presence. The increasing demand for PEG in various applications presents significant opportunities for innovation and growth within the market. As industries continue to seek versatile and efficient solutions, the adoption of PEG is expected to rise, driving the market's expansion in the coming years.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by form
- 1.4.2. Market size breakdown, by grade
- 1.4.3. Market size breakdown, by application
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
- 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
- 2.3. 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. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Volume, by Form (2019-2030)
- 6.3. Market Revenue, by Form (2019-2030)
- 6.4. Market Volume, by Grade (2019-2030)
- 6.5. Market Revenue, by Grade (2019-2030)
- 6.6. Market Volume, by Application (2019-2030)
- 6.7. Market Revenue, by Application (2019-2030)
- 6.8. Market Volume, by Region (2019-2030)
- 6.9. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Volume, by Form (2019-2030)
- 7.3. Market Revenue, by Form (2019-2030)
- 7.4. Market Volume, by Grade (2019-2030)
- 7.5. Market Revenue, by Grade (2019-2030)
- 7.6. Market Volume, by Application (2019-2030)
- 7.7. Market Revenue, by Application (2019-2030)
- 7.8. Market Volume, by Country (2019-2030)
- 7.9. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Volume, by Form (2019-2030)
- 8.3. Market Revenue, by Form (2019-2030)
- 8.4. Market Volume, by Grade (2019-2030)
- 8.5. Market Revenue, by Grade (2019-2030)
- 8.6. Market Volume, by Application (2019-2030)
- 8.7. Market Revenue, by Application (2019-2030)
- 8.8. Market Volume, by Country (2019-2030)
- 8.9. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Volume, by Form (2019-2030)
- 9.3. Market Revenue, by Form (2019-2030)
- 9.4. Market Volume, by Grade (2019-2030)
- 9.5. Market Revenue, by Grade (2019-2030)
- 9.6. Market Volume, by Application (2019-2030)
- 9.7. Market Revenue, by Application (2019-2030)
- 9.8. Market Volume, by Country (2019-2030)
- 9.9. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Volume, by Form (2019-2030)
- 10.3. Market Revenue, by Form (2019-2030)
- 10.4. Market Volume, by Grade (2019-2030)
- 10.5. Market Revenue, by Grade (2019-2030)
- 10.6. Market Volume, by Application (2019-2030)
- 10.7. Market Revenue, by Application (2019-2030)
- 10.8. Market Volume, by Country (2019-2030)
- 10.9. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Volume, by Form (2019-2030)
- 11.3. Market Revenue, by Form (2019-2030)
- 11.4. Market Volume, by Grade (2019-2030)
- 11.5. Market Revenue, by Grade (2019-2030)
- 11.6. Market Volume, by Application (2019-2030)
- 11.7. Market Revenue, by Application (2019-2030)
- 11.8. Market Volume, by Country (2019-2030)
- 11.9. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Volume, by Form (2019-2030)
- 12.3. Market Revenue, by Form (2019-2030)
- 12.4. Market Volume, by Grade (2019-2030)
- 12.5. Market Revenue, by Grade (2019-2030)
- 12.6. Market Volume, by Application (2019-2030)
- 12.7. Market Revenue, by Application (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Volume, by Form (2019-2030)
- 13.3. Market Revenue, by Form (2019-2030)
- 13.4. Market Volume, by Grade (2019-2030)
- 13.5. Market Revenue, by Grade (2019-2030)
- 13.6. Market Volume, by Application (2019-2030)
- 13.7. Market Revenue, by Application (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Volume, by Form (2019-2030)
- 14.3. Market Revenue, by Form (2019-2030)
- 14.4. Market Volume, by Grade (2019-2030)
- 14.5. Market Revenue, by Grade (2019-2030)
- 14.6. Market Volume, by Application (2019-2030)
- 14.7. Market Revenue, by Application (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Volume, by Form (2019-2030)
- 15.3. Market Revenue, by Form (2019-2030)
- 15.4. Market Volume, by Grade (2019-2030)
- 15.5. Market Revenue, by Grade (2019-2030)
- 15.6. Market Volume, by Application (2019-2030)
- 15.7. Market Revenue, by Application (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Volume, by Form (2019-2030)
- 16.3. Market Revenue, by Form (2019-2030)
- 16.4. Market Volume, by Grade (2019-2030)
- 16.5. Market Revenue, by Grade (2019-2030)
- 16.6. Market Volume, by Application (2019-2030)
- 16.7. Market Revenue, by Application (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Volume, by Form (2019-2030)
- 17.3. Market Revenue, by Form (2019-2030)
- 17.4. Market Volume, by Grade (2019-2030)
- 17.5. Market Revenue, by Grade (2019-2030)
- 17.6. Market Volume, by Application (2019-2030)
- 17.7. Market Revenue, by Application (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Volume, by Form (2019-2030)
- 18.3. Market Revenue, by Form (2019-2030)
- 18.4. Market Volume, by Grade (2019-2030)
- 18.5. Market Revenue, by Grade (2019-2030)
- 18.6. Market Volume, by Application (2019-2030)
- 18.7. Market Revenue, by Application (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Volume, by Form (2019-2030)
- 19.3. Market Revenue, by Form (2019-2030)
- 19.4. Market Volume, by Grade (2019-2030)
- 19.5. Market Revenue, by Grade (2019-2030)
- 19.6. Market Volume, by Application (2019-2030)
- 19.7. Market Revenue, by Application (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Volume, by Form (2019-2030)
- 20.3. Market Revenue, by Form (2019-2030)
- 20.4. Market Volume, by Grade (2019-2030)
- 20.5. Market Revenue, by Grade (2019-2030)
- 20.6. Market Volume, by Application (2019-2030)
- 20.7. Market Revenue, by Application (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Volume, by Form (2019-2030)
- 21.3. Market Revenue, by Form (2019-2030)
- 21.4. Market Volume, by Grade (2019-2030)
- 21.5. Market Revenue, by Grade (2019-2030)
- 21.6. Market Volume, by Application (2019-2030)
- 21.7. Market Revenue, by Application (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Volume, by Form (2019-2030)
- 22.3. Market Revenue, by Form (2019-2030)
- 22.4. Market Volume, by Grade (2019-2030)
- 22.5. Market Revenue, by Grade (2019-2030)
- 22.6. Market Volume, by Application (2019-2030)
- 22.7. Market Revenue, by Application (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Volume, by Form (2019-2030)
- 23.3. Market Revenue, by Form (2019-2030)
- 23.4. Market Volume, by Grade (2019-2030)
- 23.5. Market Revenue, by Grade (2019-2030)
- 23.6. Market Volume, by Application (2019-2030)
- 23.7. Market Revenue, by Application (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Volume, by Form (2019-2030)
- 24.3. Market Revenue, by Form (2019-2030)
- 24.4. Market Volume, by Grade (2019-2030)
- 24.5. Market Revenue, by Grade (2019-2030)
- 24.6. Market Volume, by Application (2019-2030)
- 24.7. Market Revenue, by Application (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Volume, by Form (2019-2030)
- 25.3. Market Revenue, by Form (2019-2030)
- 25.4. Market Volume, by Grade (2019-2030)
- 25.5. Market Revenue, by Grade (2019-2030)
- 25.6. Market Volume, by Application (2019-2030)
- 25.7. Market Revenue, by Application (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Volume, by Form (2019-2030)
- 26.3. Market Revenue, by Form (2019-2030)
- 26.4. Market Volume, by Grade (2019-2030)
- 26.5. Market Revenue, by Grade (2019-2030)
- 26.6. Market Volume, by Application (2019-2030)
- 26.7. Market Revenue, by Application (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Volume, by Form (2019-2030)
- 27.3. Market Revenue, by Form (2019-2030)
- 27.4. Market Volume, by Grade (2019-2030)
- 27.5. Market Revenue, by Grade (2019-2030)
- 27.6. Market Volume, by Application (2019-2030)
- 27.7. Market Revenue, by Application (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Volume, by Form (2019-2030)
- 28.3. Market Revenue, by Form (2019-2030)
- 28.4. Market Volume, by Grade (2019-2030)
- 28.5. Market Revenue, by Grade (2019-2030)
- 28.6. Market Volume, by Application (2019-2030)
- 28.7. Market Revenue, by Application (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. BASF SE
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Dow Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Croda International plc
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. INEOS Group Ltd.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. India Glycols Limited
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Liaoning Oxiranchem Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Jiangsu Haian Petroleum Chemical Factory
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Clariant Ltd.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Huntsman Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
