Polyethylene Oxide (PEO) market size is estimated to be worth US$ 260 million in 2022 and is forecast to a readjusted size of US$ 298 million by 2028 with a CAGR of 2.3% - valuates reports

Due to the COVID-19 pandemic, the global Polyethylene Oxide (PEO) market size is estimated to be worth US$ 260 million in 2022 and is forecast to a readjusted size of US$ 298 million by 2028 with a CAGR of 2.3% during the review period.

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Polyethylene Oxide Market Trends
PEO has been widely used in the pharmaceutical industry, which has been expanding steadily around the world. PEO is utilized in a number of pharmaceutical formulations as a binder, matrix forming, and solubility enhancer. It is a popular option for oral dosage forms and controlled-release drug delivery systems due to its biocompatibility and lack of toxicity. The usage of PEO in water treatment applications is one of the main factors driving the market. Utilized as a flocculant and coagulant aid, polyethylene oxide helps remove pollutants and suspended particles from water. PEO is becoming more in demand in water treatment facilities due to the rising demand for clean, safe drinking water, particularly in areas that are quickly urbanizing.

PEO has become more popular in the oil and gas sector for applications including increased oil recovery. In order to optimize the flow of oil from reservoirs and boost oil output, it serves as a mobility control agent. The need for PEO in EOR procedures has increased due to the ongoing exploration of unconventional oil sources and the requirement for effective oil recovery strategies. PEO is frequently employed as a rheology modifier and thickener in cement-based materials in the construction sector. Its addition to cement and concrete mixtures enhances the compositions' overall performance, workability, and adherence. The need for PEO in this industry has grown dramatically since infrastructure development and construction projects are being undertaken on a more global scale.

PEO is used as a thickening agent and stabilizer in a variety of personal care products, such as shampoos, lotions, and creams. It has gained popularity in the cosmetics sector thanks to its capacity to improve product texture and offer a smooth and silky feel. The need for PEO in this business is anticipated to increase as the personal care sector continues to expand. PEO manufacture and processing have increased in terms of product performance and cost-effectiveness as a consequence of ongoing research and technological improvements. To suit certain application requirements, producers are creating high-quality PEO products with specialized features, thereby boosting market growth.

Polyethylene Oxide Market Share
With around 76% of the market, the top 3 manufacturers of polyethylene oxide (PEO) are Dow Chemical (US), Sumitomo Seika (JP), and Meisei Chemical Works (JP).

North America, Western Europe, and Asia-Pacific are the three regions with the largest concentrations of consumers worldwide. About 75% of the entire global PEO usage was in the Asia-Pacific region. About 20% of global consumption was made in North America.

By Type
MW: Below 1 million
MW: 1-5 million
MW: Above 5 million

By Application
Textile Industry
Paper Industry
Building and Construction
Metal and Mining
Polymer Industry
Cosmetic Industry
Other

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This release was published on openPR.