The polyethylene glycol (PEG) market is primarily witnessing growth on account of the rising usage of this chemical as a specialty solvent and surface-active agent in toothpaste, lotions, creams, shampoos, lipsticks, soaps, deodorants, bath oils, detergents, and conditioners. Moreover, due to the importance of the compound in the medical device, automobile, paper and ceramics, paint and coating, and construction sectors, its sales already generated $4.5 billion revenue in 2020, which is set to increase massively during 2021–2030 (forecast period).
The grade segment of the market is categorized into PEG 6000, PEG 4000, PEG 3350, PEG 400 FCC Grade, PEG 400, PEG 300, and PEG 200. Among these, the PEG 400 category dominated the market for PEG in 2020, and it is set to advance significantly during the forecast period. PEG 400 has a low molecular weight and toxicity, which makes it useful in numerous applications. Moreover, this grade’s hydrophilic nature allows for its usage in drugs to improve the bioavailability and solubility of drug molecules that are weakly soluble in water.
On the basis of application, the polyethylene glycol market is divided into medical, industrial, construction & infrastructure, and personal care. During the historical period (2015–2020), the largest share, in terms of volume and value, was held by the medical category due to the wide usage of PEG in drugs as an excipient (inactive agent). Some of the most-common medicines have this ingredient, such as acetaminophen, cetirizine, diclofenac, ibuprofen, and tramadol. Moreover, PEG 3350 is used to treat constipation, by helping in the retention of water in the stool.
The biggest trend in the polyethylene glycol market is technological advancements in the manufacturing process. High-molecular-weight PEG is created via suspension polymerization, wherein holding the lengthening polymer chain in the solution while the polycondensation process is underway is important. Dimethylglyoxime and other chelating additives are used to prevent the polymer molecules from coagulating within the solution and separating from it. Presently, several research initiatives aimed at finding cheap, environment-friendly, and energy-efficient ways to produce PEG are underway.
The polyethylene glycol market garnered the highest revenue from the Asia-Pacific (APAC) region in 2020 because of the region’s vast and growing pharmaceutical industry. India is one of the largest exporters of medical drugs, which keeps the demand for PEG and other raw materials high here. Moreover, PEG is an important raw material in the automotive and construction chemical sectors, which are also witnessing rapid growth in APAC. China and India are already two of the largest construction and automotive markets globally, and their booming population is giving a further boost to these industries.
Therefore, the market will continue to grow with the rising demand for pharmaceutical products across the globe.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the polyethylene glycol market include BASF, Croda, Dow Chemical Company, Huangma Chemical, India Glycols, Ineos, Jiangsu Haian Petrochemical Plant, Liaoning Kelong, Liaoning Oxiranchem, LOTTE CHEMICAL, Shanghai Bronkow Chemical, and Taijie Chemical among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Polyethylene Glycol Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/Polyethylene-Glycol-market/download-sampleMarket DynamicsThe growing demand of biologically safe and non-immunogenic substances in food & beverage and biological application is driving the market growth.
Increasing adoption in various skin creams and personal care products is also fueling market growth.
Booming construction industry with an increasing preference towards water-based paints and coatings are boosting the market growth.
Soaring demand of the PEG in pharmaceutical and biomedical application is again contributing the market growth.
The report gives a clear image of the current Activated Polyethylene Glycol Market scenario and the expected future of the industry.
The report focuses on market drivers, restraints, growth, trends, and the forecast for the period from 2020 to 2025.
Besides, the report also represents the market performance by value chain analysis which will help to provide better product differentiation along with the analysis of each segment regarding opportunity, market attractiveness index and growth rate.
According to this study, over the next five years the Activated Polyethylene Glycol (PEG) market will register a 2.7% CAGR in terms of revenue, the global market size will reach US$ 165.1 million by 2024, from US$ 148.4 million in 2019.
Browse the complete Activated Polyethylene Glycol market Report and TOC @ https://www.decisiondatabases.com/ip/40636-activated-polyethylene-glycol-peg-market-analysis-report The key manufacturers covered in this report: NOFJenKem TechnologyMerckCreative PEGWorksLaysan Bio Segmentation by product type: Linear PEGsBranched PEGsMulti-arm PEGsOthers Segmentation by application: Pharmaceutical IntermediatesMedical Devices This report also splits the market by region: AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapan…….
Download Free Sample Report of Global Activated Polyethylene Glycol Market Report @ https://www.decisiondatabases.com/contact/download-sample-40636 Research objectives To study and analyze the global Activated Polyethylene Glycol consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Activated Polyethylene Glycol market by identifying its various subsegments.Focuses on the key global Activated Polyethylene Glycol manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Activated Polyethylene Glycol with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Activated Polyethylene Glycol submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.
