Press release
Pharmaceutical Grade Polyethylene Glycol (PEG) Market 2025: Emerging Trends, Demand Analysis, and Growth Forecast | BASF, Dow Chemical, Croda, Clariant
In 2023, the global market size of Pharmaceutical Grade Polyethylene Glycol (PEG) was estimated to be worth US$ 863 million and is forecast to reach approximately US$ 1209 million by 2030 with a CAGR of 5.0% during the forecast period 2024-2030.
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The global Pharmaceutical Grade Polyethylene Glycol (PEG) market is experiencing steady growth, driven by its widespread application in the pharmaceutical, biotechnology, and personal care industries. PEG is valued for its versatility, biocompatibility, and non-toxicity, making it an essential component in a variety of drug formulations.
1. Growth in the Biopharmaceutical Sector
PEGylation: PEG is widely used in biopharmaceuticals through a process known as PEGylation, where PEG chains are attached to therapeutic molecules like proteins or peptides to enhance their stability, reduce immunogenicity, and extend their half-life. With the increasing development of biologics and biosimilars, the demand for PEG in these applications is rising.
Monoclonal Antibodies and Proteins: The growing use of monoclonal antibodies (mAbs) and therapeutic proteins in treating chronic diseases like cancer, autoimmune disorders, and genetic conditions is driving demand for PEG, which helps improve the pharmacokinetics of these drugs.
2. Increasing Application in Drug Delivery Systems
Oral, Injectable, and Topical Formulations: PEG is commonly used in various drug delivery systems, including oral, injectable, and topical formulations. Its solubility and ability to improve drug bioavailability make it a preferred excipient in many pharmaceutical products. The rising demand for innovative drug delivery systems is boosting the PEG market.
Controlled and Sustained Release Formulations: PEG is also used in controlled-release formulations to enhance drug stability and modulate the release of active ingredients. As the pharmaceutical industry focuses on developing long-acting formulations, the role of PEG in these systems is expanding.
3. Expansion in the Pharmaceutical Industry
Pharmaceutical Excipients: PEG serves as an important excipient in a wide range of pharmaceutical formulations, including tablets, capsules, and ointments. Its role in improving drug solubility and absorption is critical, particularly for poorly soluble drugs. The continued growth of the pharmaceutical industry, driven by an aging population and the rise in chronic diseases, is contributing to increased demand for pharmaceutical-grade PEG.
Over-the-Counter (OTC) Medications: PEG is commonly used in laxatives and stool softeners. With the increase in the prevalence of gastrointestinal issues and other digestive disorders, particularly in developed markets, the demand for PEG-based OTC medications is growing.
4. Growing Focus on Sustainable and Bio-Based PEG
Sustainability Initiatives: There is an increasing trend toward using bio-based PEG derived from renewable resources due to growing environmental concerns and regulations. Manufacturers are focusing on developing eco-friendly, sustainable alternatives to traditional petrochemical-based PEG, which is expected to gain traction in the pharmaceutical and personal care industries.
Regulatory Compliance: With the tightening of environmental and safety regulations in several regions, the focus on green chemistry and sustainable production methods is becoming more important. Companies investing in the production of bio-based or biodegradable PEG will benefit from this shift.
The report offers great insights into important segments of the global Pharmaceutical Grade Polyethylene Glycol (PEG) market while concentrating on their CAGR, market size, market share, and future growth potential. The global Pharmaceutical Grade Polyethylene Glycol (PEG) market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global Pharmaceutical Grade Polyethylene Glycol (PEG) market.
Details of Pharmaceutical Grade Polyethylene Glycol (PEG) Market Segmentation: -
Key Manufacturers Operating in the Global Pharmaceutical Grade Polyethylene Glycol (PEG) Market are:
BASF
Dow Chemical
Croda
Clariant
Ineos
India Glycols
Shandong Ruisheng
Jiangxi Yipusheng
Liaoning Huaxing Chemical
Petronas Chemicals
Segment by Type:
Mw (1000)
Mw (1000-10000)
Segment by Application:
Tablets
Capsules
Liquids
Injectables
Topicals
Others
Regional Market Analysis
This is one of the most valuable portions of the research study that helps readers to gain a quick understanding of the advancement of the global Pharmaceutical Grade Polyethylene Glycol (PEG) market in different parts of the world. The regional analysis provided in the report can be a powerful tool that market players can use to increase their presence in the global Pharmaceutical Grade Polyethylene Glycol (PEG) market. Each geographical market studied in the report is analyzed on the basis of crucial factors such as gross margin, market share, production, price, consumption, and CAGR.
Report Objectives
1. What will be the market size (in terms of value and volume) in the coming years?
2. Which are the leading players of the market?
3. Which region will see strong growth in the near future?
4. What will be the market shares of prominent companies in the next five years?
5. Which products will show higher sales during the forecast period?
6. Which application is expected to reach the highest CAGR?
How do we analyze procured information and data?
We calculate base numbers through analysis of company shares and revenues and derivation of market estimates using analysis of ancillary and parent markets. Our analysts are always on their toes to track technological developments in various segments of the market. We have sound understanding of regulatory frameworks, market trends, and consumers, which helped us to provide deep analysis of the global Pharmaceutical Grade Polyethylene Glycol (PEG) market. In order to determine Y-o-Y trends, we analyze historical market trends and superimpose them on current and future variables.
With a view to determine the future course of the global Pharmaceutical Grade Polyethylene Glycol (PEG) market, we analyzed sustainability strategies adopted by market players and several other factors. Some of the key factors that we analyzed to establish future growth of the global Pharmaceutical Grade Polyethylene Glycol (PEG) market are changes in market dynamics, and reimbursement and regulatory trends. Our researchers have clear understanding of regional expansion, product commercialization, and other aspects, which helps them to estimate market penetration rates and analyze future opportunities.
Estimates from the Demand Side
1. Market forecast using variable analysis
2. Heuristic forecast using insights from subject matter experts
3. Estimation of revenue and volume figures with the help of segment penetration analysis
4. Identification of ancillary and parent markets
Estimates from the Supply Side
1. Market forecast through analysis of distribution networks, market initiatives, pipelines, and commercialization rates
2. Identification of market leaders and analysis of their market shares using competitive benchmarking
3. Determination of segment revenues with penetration modeling and variable analysis
4. Estimation of company revenues with the help of online sources, investor presentations, and annual reports.
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Table of Contents
1 Study Coverage
1.1 Pharmaceutical Grade Polyethylene Glycol (PEG) Product Introduction
1.2 Market by Type
1.2.1 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Market Size Growth Rate by Type (2020 VS 2024 VS 2031)
1.2.2 Mw (1000)
1.2.3 Mw (1000-10000)
1.3 Market by Application
1.3.1 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Market Size Growth Rate by Application (2020 VS 2024 VS 2031)
1.3.2 Tablets
1.3.3 Capsules
1.3.4 Liquids
1.3.5 Injectables
1.3.6 Topicals
1.3.7 Others
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Market Size Estimates and Forecasts
2.1.1 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Revenue 2020-2031
2.1.2 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Sales 2020-2031
2.2 Pharmaceutical Grade Polyethylene Glycol (PEG) Market Size by Region: 2024 Versus 2031
2.3 Pharmaceutical Grade Polyethylene Glycol (PEG) Sales by Region (2020-2031)
2.3.1 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Sales by Region: 2020-2025
2.3.2 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Sales Forecast by Region (2026-2031)
2.3.3 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Sales Market Share by Region (2020-2031)
2.4 Pharmaceutical Grade Polyethylene Glycol (PEG) Market Estimates and Projections by Region (2026-2031)
2.4.1 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Revenue by Region: 2020-2025
2.4.2 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Revenue Forecast by Region (2026-2031)
2.4.3 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Revenue Market Share by Region (2020-2031)
3 Market Segments
3.1 Breakdown Data by Type
3.1.1 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Sales by Type (2020-2031)
3.1.1.1 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Sales Volume by Type (2020-2031)
3.1.1.2 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Sales Market Share by Type (2020-2031)
3.1.2 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Revenue by Type (2020-2031)
3.1.2.1 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Revenue by Type (2020-2031)
3.1.2.2 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Revenue Market Share by Type (2020-2031)
3.1.3 Pharmaceutical Grade Polyethylene Glycol (PEG) Average Selling Price (ASP) by Type (2020-2031)
3.2 Breakdown Data by Application
3.2.1 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Sales by Application (2020-2031)
3.2.1.1 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Sales Volume by Application (2020-2031)
3.2.1.2 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Sales Market Share by Application (2020-2031)
3.2.2 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Revenue by Application (2020-2031)
3.2.2.1 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Revenue by Application (2020-2031)
3.2.2.2 Global Pharmaceutical Grade Polyethylene Glycol (PEG) Revenue Market Share by Application (2020-2031)
3.2.3 Pharmaceutical Grade Polyethylene Glycol (PEG) Average Selling Price (ASP) by Application (2020-2031)
3.3 by Type and by Application Crossing Analysis
3.3.1 Mw (
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