Press release
United States Polyethylene Glycol Market 2025 | Growth Drivers, Key Players & Investment Opportunities
Polyethylene Glycol Market
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.
Key Development:
✅ In July 2025, the global PEG market volume reached approximately 450,000 tons in 2024, with North America accounting for nearly 27% of the share. The region continues to show steady growth driven by pharmaceutical, personal care, and industrial applications.
✅ In March 2025, Glenmark Therapeutics Inc. USA launched Polyethylene Glycol 3350 Powder for Solution (17g/capful), an OTC product and generic equivalent to MiraLAX. This launch expands Glenmark's presence in the gastrointestinal treatment market.
Mergers & Acquisitions
✅ Dec 2024: Ampersand Capital Partners acquired Nektar Therapeutics' PEG reagent manufacturing business, relaunching it as Gannet BioChem to strengthen PEGylation reagent supply in the biopharma market.
✅ May 2024: INEOS Oxide acquired LyondellBasell's Ethylene Oxide & Derivatives business for USD 700 million, securing upstream EO/EG feedstocks critical for PEG production.
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Key Market Trends
✅ Rising PEGylated Biopharma Demand: Growing approval of PEG-based biologics, such as PEG-interferons and PEG-filgrastim, is boosting pharmaceutical-grade PEG consumption.
✅ Sustainable Manufacturing: Manufacturers are investing in bio-based ethylene oxide (EO) and ethylene glycol (EG) feedstocks to reduce carbon footprint in PEG production.
✅ Surge in Cosmetic Applications: Expanding personal care industries in Asia and North America are driving demand for low-molecular-weight PEGs used as humectants and solubilizers.
✅ High-Purity Grades in Focus: Global demand for high-purity PEG 4000 and PEG 6000 grades for ophthalmic and injectable formulations is steadily rising.
Key Players:
=> Dow Chemical Company, BASF SE, SABIC, Huntsman Corporation, Croda International Plc, Clariant AG, India Glycols Limited, Oxiteno, Ineos Group and LOTTE Chemical Corporation.
Future Outlook
✅ The adoption of PEG derivatives in drug delivery nanocarriers and mRNA vaccine stabilization is anticipated to create lucrative opportunities through 2033.
✅ Advancements in bio-based EO and circular chemical feedstock integration will enhance the sustainability profile of PEG production.
✅ Continued M&A activity and capacity expansions across the U.S., Europe, and Asia suggest a robust decade of strategic growth.
Research Process:
Both primary and secondary data sources have been used in the global Polyethylene Glycol (PEG) Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
➥ 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
Regional Analysis for Polyethylene Glycol (PEG) 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:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Polyethylene Glycol (PEG) producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Polyethylene Glycol (PEG) revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ
What is the current size of the Polyethylene Glycol (PEG) Market?
A: In 2023, the Polyethylene Glycol (PEG) Market was valued at US$ 4.3 billion, reflecting its strong industry presence.
Q2: How large is the Polyethylene Glycol (PEG) Market expected to be by 2031?
A: By 2031, industry forecasts suggest the Polyethylene Glycol (PEG) Market will grow to around US$ 7.1 billion , demonstrating significant expansion.
Q3: What is the growth rate of the Polyethylene Glycol (PEG) Market?
A: The market is projected to expand at a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2024 to 2031.
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