According to the current analysis of Reports and Data, the globalmacrogol/polyethylene glycol (PEG) marketwas valued at USD 5667.81 million in 2021 and is expected to reach USD 10,074.39 million by year 2030, at a CAGR of 6.68%.Polyethylene glycol has been shown to provide water solubility and biocompatibility in medicines and different applications, and the ability to attach a range of reactive functional groups to the terminal positions of these polymers has greatly increased their utility. For instance, Polyethylene glycol 400 is very hydrophilic, which renders it a useful ingredient in drug formulations to augment the solubility and bioavailability of weakly water-soluble drugs.
The pharmaceutical industry is the emerging segment in this industry due to the fact of growing the manufacturing of eye drops and laxatives coupled with theincrease in the pharmaceuticalindustryhasimproved the use of Polyethylene glycol as a solvent which willforceto increasethe market growth in the future. Besides, the rising demand for water-based coatings and paints forutilityinautomobile anddevelopmentindustries hasadditionallyelevatedthe demand for Polyethylene glycol. This willadditionallyhave an on affectthe market positively.
However, the presence of alternatives, formono ethylene glycol (MEG) anda range ofdifferentglycol ethers, will pose a credibleriskto the polyethylene glycol industry and negativelyaffectits future. The stringent environmental protocolsassociatedwith the manufacturing ofprivatecare and medical productsmay additionallyobstructthe marketboomfor polyethylene glycol.
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Top Companies Operating in theGlobal Polyethylene glycol Market:
BASF, Sigma Aldrich, DOW Chemical Company, Lotte Chemical, Ineos, Croda, Liaoning Oxiranchem, Jiangsu Haian Petrochemical Plant, Shanghai Bronkow Chemical, and Oxiteno. BASF is a key player in the Polyethylene glycol (PEG) market. With a global presence in North America, Europe, Asia Pacific, and South America, Africa Middle East, the company offers Polyethylene glycols by the name Kollisolv. As of 2018, the companys total revenue accounted for USD 73.9 billion.
Polyethylene glycol Market Segmentation
Type (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- PEG 200
- PEG 400
- PEG 3350
- PEG 4000
- PEG 6000
- PEG 8000
- Others
Administration Route (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Oral
- Nasogastric
- Ophthalmic
- Topical
Usage (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Excipient
- API
End-Use (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Pharmaceutical Uses
- Veterinary Health
- Biotechnology
- Biomedical
- Other end-uses
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Table of Contents:
Chapter 1.Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2.Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3.Key Insights
Chapter 4.Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porters Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
Continued...
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