Press release
Polyethylene Glycol (PEG) Market 2019 Growth Opportunities by Top Manufacturers - BASF, Dow Chemical Company, Lotte Chemical, Ineos, Croda, Liaoning Oxiranchem, Jiangsu Haian Petrochemical Plant, Shanghai Bronkow Chemical, Taijie Chemical, Huangma Chemica
Polyethylene Glycol (PEG)
About the Polyethylene Glycol (PEG) Market:
The global polyethylene glycol market size is anticipated to reach USD 2.27 billion by 2025, owing to the overall growth of pharmaceutical industry growth in emerging economies of India, China and Brazil, coupled with growing number applications of PEG in other sectors. For instance, PEG is used in cosmetic industry for preparing skin creams, ointments bases and lubricants because of their skin friendliness. Thus, rapid growth in the cosmetics industry has eventually augmented the growth of polyethylene glycol market.
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Polyethylene Glycol (PEG) Market Competition by TOP PLAYERS, with Polyethylene Glycol (PEG) sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including: BASF, Dow Chemical Company, Lotte Chemical, Ineos, Croda, Liaoning Oxiranchem, Jiangsu Haian Petrochemical Plant, Shanghai Bronkow Chemical, Taijie Chemical, Huangma Chemical, India Glycols
Scope of the Report (Overlook 2019-2025):
Polyethylene glycols are also used in oral health products such as toothpastes, mouthwashes, breath fresheners and antiseptic mouth rinses. PEGs increase the shelf life and stability of these oral products. Hence, they have a growing demand in oral healthcare industry which compliments the growth of polyethylene glycol market. Also, other medical applications include use of PEGs as fillers for tablets, dispensing agents, suppository bases in ophthalmic solutions and as treatment for constipation. Thus, any rise in demand for these medical applications will eventually lead to rise of polyethylene glycol market. For instance, to meet the growing demand of ethylene glycols, Kuwait’s Petrochemical Industries Company (PIC) built a petrochemical complex in the US.
Different methods are used to create PEGs with wide variety in their physical attributes, allowing them to be utilized by polyethylene glycol market. This wide variety of physical properties can be achieved by controlling the PEG’s molecular weight. These numerous attributes of PEGs allow for their vast range of applications ranging from pharmaceutical industry to food industry.
Based on the application of polyethylene glycol, industrial segment is fastest growing segment with the CAGR of 5.8% in the forecast period. For instance, water-based coatings, paints and inks are few applications in construction and automotive industry which would lead to the growth of polyethylene glycol market in the forecast period. Other industrial applications of PEG include lubrication coating for various surfaces in aqueous and non-aqueous environments and as a polar stationary phase for gas chromatography.
Medical sector had the biggest market share of more than 40% in 2017, among the other application segments of the polyethylene glycol market. Because of their non-toxic and biologically inert nature, PEGs are can be safely used in the medical and food-processing industries. Polyethylene glycol work as water binding agent in the toothpastes, which keep xanthum gum distributed uniformly in the toothpaste. Increased usage of PEG as a solvent in the manufacturing of eye drops and laxatives will propel the growth of polyethylene glycol market.
Geographically, Asia-Pacific region has dominated the global polyethylene glycol market by contributing almost 47% of market share in 2017. With growing pharmaceutical and food sectors in Asian countries such as India and China, the demand for PEG and its derivatives has grown over the past years and is expected to grow further in the forecast period. Additionally, Middle East and Latin America region look promising in terms of polyethylene market growth owing to the rapid increase in construction and automotive sector.
Key segments of the global polyethylene glycol market
Application Overview, 2015-2025 (USD million) (Kilo tons)
• Medical
• Personal care
• Industrial
• Others
Regional Overview, 2015-2025 (USD million) (Kilo tons)
• North America
• Europe
• Asia Pacific
• Rest of the World
What Information does this report contain?
• Historical data coverage: 2014 to 2017; Growth Projections: 2019 to 2025.
• Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
• 6-7 year performance forecasts: major segments covering applications, top products and geographies.
• Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Who should buy this report?
• The report on the global polyethylene glycol market is suitable for all the players across the value chain including industries such as paints & coatings, consumer goods, architecture, automotive, general industries, and furniture
• Venture capitalists and investors looking for more information on the future outlook of the global polyethylene glycol market
• Consultants, analysts, researcher, and academicians looking for insights shaping the global polyethylene glycol market
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About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
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