Global Polyethylene Glycol (PEG) market is expected to reach US$ 7.1 billion by 2031 | Dow Chemical Company, BASF SE, SABIC, Huntsman Corporation

Global Polyethylene Glycol (PEG) market reached US$ 4.3 billion in 2022 and is expected to reach US$ 7.1 billion by 2031, growing with a CAGR of 6.4% during the forecast period 2024-2031.

The Polyethylene Glycol market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Polyethylene Glycol (PEG) is a versatile compound used as an emulsifier, thickening agent, and food additive in the food industry. It enhances texture, extends shelf life, and improves the quality of processed and convenience foods. The growing global population and shifting consumer preferences toward ready-to-eat products have fueled demand for PEG in the food sector.

Beyond food applications, PEG is widely used in cosmetics and personal care products, including skincare and haircare formulations. Its strong emulsifying and moisturizing properties make it a key ingredient in beauty and hygiene products. The expansion of the personal care industry, driven by evolving consumer preferences and increasing awareness of health and beauty trends, continues to propel PEG market growth.

Forecast Growth Projected:

The Global Polyethylene Glycol Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Polyethylene Glycol Market: Dow Chemical Company, BASF SE, SABIC, Huntsman Corporation, Croda International Plc, Clariant AG, India Glycols Limited, Oxiteno, Ineos Group and LOTTE Chemical Corporation.

Industry Development:

On October 26, 2021, Camber Consumer Care introduced four new over-the-counter products: Loratadine Oral Solution, Polyethylene Glycol Powder, Fexofenadine 60 mg and Loperamide Hydrochloride & Simethicone. The firm currently helps a wide spectrum of patients by providing generic over-the-counter (OTC) medications in different strengths and amounts for allergy, pain and gastrointestinal relief.
On March 24, 2022, Rabigh Refining and Petrochemical Co. agreed with Gulf Cryo to implement a project for capturing CO2 emissions from the monoethylene glycol (MEG) plant at the Petro Rabigh industrial complex. The Saudi petrochemical company is set to initiate the project in August 2022, with trial operations anticipated by 2024. The facility marks a significant milestone as the first CO2-capturing plant in the Western Region of Saudi Arabia.
Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the Polyethylene Glycol Market:

By Type (PEG 200, PEG 300, PEG 400, PEG 600, PEG 1000, PEG 1500, PEG 3350, PEG 4000, PEG 6000, PEG 8000, PEG 10000, Others)

By Form (Opaque Liquid, Powder/Flakes, White Waxy Solid)

By Packaging Type (Drums, Plastic Bottles, Bags, Cartons, Others)

By Average Molecular Weight (Less than 500g/mol, 500g/mol to 1000g/mol, 1000g/mol to 4000g/mol, More than 4000g/mol)

By Application (Healthcare, Industrial, Cosmetics/Personal Care, Building and Construction, Plastics, Aerospace, Others)

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Polyethylene Glycol Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Polyethylene Glycol market?

➠ Who are the global key manufacturers of the Polyethylene Glycol Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Polyethylene Glycol market opportunities and threats faced by the vendors in the global Polyethylene Glycol Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Polyethylene Glycol market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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