Press release
Polyethylene Glycol Market size is expected to grow USD 7.2 billion by 2030
The global polyethylene glycol (PEG) market is predicted to expand due to the increasing relevance of material features such as non-toxicity, wear resistance, and organic solvent solubility. Because of the aforementioned features, the advent of PEG as a lubricant solution in the pharmaceutical sector is projected to have a favorable influence on the market. PEG market growth is expected to be driven by pharmaceutical industry expansion in emerging economies - India, China, and Brazil- and increased investment in technological innovation. The growing application scope of water-based coatings, paints, and inks in the construction and automotive industries will likely boost PEG market demand throughout the research period. PEG is also utilized as a color stabilizer in the paper and ceramic industries. Paper sector expansion in China and India due to rising domestic demand is predicted to boost PEG demand.
Request for a sample report here: https://www.marketstatsville.com/request-sample/polyethylene-glycol-market
Ceramic tiles are widely used in the automotive, construction, and domestic industries and expansion in these sectors will likely boost PEG demand over the next six years. The availability of replacements such as MEG and other glycol ethers in the market is projected to constitute a real threat and have a negative impact on the industry during the forecast period.
COVID-19 Impact on the Global Polyethylene Glycol Market
The recent coronavirus pandemic had a severe influence on the polyethylene glycol market. The COVID-19 pandemic has influenced the operations and profitability of the polyethylene glycol market. Many countries implemented some form of quarantine to prevent the spread of the coronavirus. This affects product logistics and raw material distribution across the value chain. Furthermore, the economic crisis caused by the pandemic has caused end-user industries to cut their operational rates. Financing constraints, lockdowns, and travel restrictions have affected global industry and major end-user markets.
On the positive side, the market has expanded in healthcare and pharmaceutical applications. The medical and pharmaceutical sectors are thriving in the midst of the pandemic. Many countries have increased their expenditure on healthcare, which will assist the medical and pharmaceutical businesses in the near future. PEG serves as a dispersant, delivery liquid, solvent, filler and ointment, and laxative. As a result, demand for polyethylene glycol surged in the healthcare and pharmaceutical sectors, allowing the industry to flourish even during the pandemic.
You Can Purchase Complete Report: https://www.marketstatsville.com/buy-now/polyethylene-glycol-market?opt=2950
Scope of the Global Polyethylene Glycol Market
The study categorizes the polyethylene glycol market based on type and application at regional and global levels.
By Type Outlook (Sales, USD Billion, 2017-2030)
Mw (?1000)
Mw (1000-10000)
Mw (10000-20000)
By Application Outlook (Sales, USD Billion, 2017-2030)
Medical
Personal Care
Industrial
By Region Outlook (Sales, USD Billion, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
Access full Report Description, TOC, Table of figures, Chart, etc: https://www.marketstatsville.com/table-of-content/polyethylene-glycol-market
Medical application segment accounts for the largest market share by application
Based on the application, the polyethylene glycol market is divided into medical, personal care and industrial. The medical application segment dominated the global polyethylene glycol market with the largest share due to its multiple uses in medications and ointments, as a filler for tablets, and as a suppository base in ophthalmic solutions; it is also used to treat constipation because it encourages the feces to retain water, encouraging bowel movement. Moreover, emerging nations like China and India have boosted their healthcare spending, enhancing the market in the coming years.
Asia Pacific accounts for the largest market share by Region
Based on the regions, the global Polyethylene Glycol Market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia-Pacific Region is to account for the largest share of the global Polyethylene Glycols industry due to increased utilization in the region's expanding medical and pharmaceutical, automotive, and building and construction industries. The rising usage of water-based coatings, paints, and inks in the construction industry is expected to enhance the market in this region.
As a result, such market trends are likely to assist Asia-Pacific in dominating the overall market.
Key Market Players in the Global Polyethylene Glycol Market
The global polyethylene glycol market is highly competitive, with key industry players adopting strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most market companies focus on expanding operations across regions, augmenting their capabilities, and building strong partner relations.
Request For Report Description: https://www.marketstatsville.com/polyethylene-glycol-market
Major players in the global polyethylene glycol market are:
Dow Chemical
Ineos
BASF
KAO
Blaunon
Liaoning Oxiranchem
Jiangsu Haian
Clariant
Croda
PCC SE
Norchem
Oxiteno
Lotte Chemical
Sanyo Chemical
India Glycols
Petronas Chemicals
Shandong Ruisheng
Jiangxi Yipusheng
Liaoning Huaxi
Eric Martin
416, East standsberry street,
Perkins, Oklahoma 74059, US
USA: +1-580-205-2707 | India: +91-702-496-8807
Email: sales@marketstatsville.com
MSG Blog https://marketstatsvilleblogs.com/
Web: https://marketstatsville.com/
Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG initiated its work in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services.
We the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polyethylene Glycol Market size is expected to grow USD 7.2 billion by 2030 here
News-ID: 2702760 • Views: …
More Releases for PEG
Biopharma PEG Delivers Innovative PEG Solutions for Enhanced Drug Efficacy
Watertown, MA - October 24, 2024 - Biopharma PEG is excited to announce its extensive offerings of polyethylene glycol (PEG) products, including monofunctional, homobifunctional, heterobifunctional, and multi-arm PEGs, tailored for PEGylation in biopharmaceutical applications. With over 40 PEGylated drugs approved globally, the role of PEGylation in drug development is more critical than ever.
PEGylation provides numerous advantages, such as improved solubility, enhanced stability, and increased circulation time in the bloodstream. By…
Biopharma PEG Expands Multi-Arm PEG Product Line
Biopharma PEG, a leader in PEG derivatives, is excited to announce the expansion of its high-purity Multi-Arm PEG linker product line, catering to the evolving needs of the medical and bioorganic fields. These advanced PEG linkers are available in various functional groups and molecular weights ranging from 1k to 40k, offering unmatched versatility and performance for research and development in cutting-edge medical applications.
"Biopharma PEG is committed to delivering high-purity multi-arm…
Biopharma PEG Supplies PEG Products Used For Infectious Disease Vaccines
As of January 1, 2023, global vaccine development includes a total of 966 vaccine candidates, of which 23% (220) are traditional inactivated or attenuated vaccines. Advances in molecular technology have facilitated the development of other platforms, such as recombinant protein vaccines, nucleic acid vaccines, and viral vector vaccines, which have further diversified global vaccine development.
Recombinant protein vaccines accounted for the largest proportion of all pipeline in development, 22% (215), due…
Biopharma PEG Supplies PEG Products For Click Chemistry Reactions
What is "click chemistry"? "Click Chemistry", this is a literary name given to this kind of reaction by the Nobel Prize winner K.Burry Sharless, when the cards are put together, "click" (click). Simply put, it is to add two structures to two molecules respectively, and these two structures can be specifically combined to synthesize the required chemical molecules. One of the most famous click-chemistry reactions is the Cu-catalyzed azide-alkyne cycloaddition…
Biopharma PEG Develops PEG Linkers for Antibody Drug Conjugates
Antibody-drug conjugate (ADC) is one of the fastest growing fields in tumor therapy, which consists of monoclonal antibody (Antibody), linker (Linker) and active drug (Payload). So far, there are only 15 drugs on the market in the world. However, with the development of some perfect antibody modification techniques, advanced site-specific coupling techniques and powerful small-molecule toxins, ADC drug research has mushroomed and a large number of ADC drugs are in…
Biopharma PEG Provides Multi-arm PEG Derivatives Crosslinked Into Hydrogels
Polyethylene (ethylene glycol) is a hydrophilic polymer that can have a very high water content when cross-linked into a network. Polyethylene glycol (PEG) is a suitable material for biological applications because it does not normally elicit an immune response. Since the 1970s, PEG has been used to modify therapeutic proteins and peptides in order to increase their solubility, reduce their toxicity, and prolong their cyclic half-lives. In the late 1970s,…
