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Polyethylene Glycol (PEG) Market Size, Share Global Analysis Report, 2023 – 2030

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Polyethylene Glycol (PEG) Market Size, Share, Growth Analysis Report By Application(Medical, Personal Care, Industrial, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030

Industry Insights

[175+ Pages Report] According to the report published by Facts Factors, the global polyethylene glycol (PEG) market size was valued around USD 4,750 million in 2022 and is expected to grow around USD 8,225 million by 2030 with a compound annual growth rate (CAGR) of approximately 8.16% between 2023 and 2030. The report analyzes the global polyethylene glycol (PEG) market drivers, restraints/challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the polyethylene glycol (PEG) market.

Polyethylene Glycol (PEG) Market

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This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Polyethylene Glycol (PEG) industry. The report analyzes and declares the historical and current trends analysis of the Polyethylene Glycol (PEG) industry and subsequently recommends the projected trends anticipated to be observed in the Polyethylene Glycol (PEG) market during the upcoming years.

The polyethylene glycol (PEG) market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Polyethylene Glycol (PEG) market. The historical and past insights are provided for FY 2020 to FY 2022 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2020 – 2030.

logoKey Insights from Primary Research

  • According to the primary CXO’s of the global Polyethylene Glycol (PEG) market, the market is estimated to witness a substantial growth of nearly 8.16% over the forecast period.
  • The market was valued at USD 4,750 million, in 2022 and is expected to be valued over USD 8,225 million, by 2030
  • On the basis of the product segment, Surface Sterilization dominated the global Polyethylene Glycol (PEG) market in 2022. In terms of revenue, it accounted for more than a 8.16% share of the total market in 2022.
  • Asia Pacific market is expected to be the fastest goring region for Polyethylene Glycol (PEG) over the forecast period owing to faster industralization.
  • By geography, the North America region headed the market with a share of above 33%, in 2022.

logoKey Recommendations from Analysts

  • Higher prevalence of Polyethylene Glycol (PEG), technological advances, and government initiatives are major factors that are expected to drive Polyethylene Glycol (PEG) in the near future.
  • The strategic developments such as regional expansion, product innovations and on-going research and developments by the major companies such as Dow Chemical, Huangma Chemical, India Glycols, BASF is likely to boom the market’s growth over the up-coming years.
  • Our analysts recommend that the Asia Pacific region is predicted to witness a significant growth attributed to the growing demand for Polyethylene Glycol (PEG) from China and India.      
  • Expansion of food and beveragesindustries especially in emerging market is antipicated to fuel the demand for Polyethylene Glycol (PEG) in the developing regions over the forthcoming years.
  • Strengthening the distribution channel and growing availability of Polyethylene Glycol (PEG) online may also help the major player to cater the lucrative growth of the market over the years to come.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Polyethylene Glycol (PEG) industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Polyethylene Glycol (PEG) industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Polyethylene Glycol (PEG) market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Polyethylene Glycol (PEG) industry. The Polyethylene Glycol (PEG) market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Polyethylene Glycol (PEG) sector. Key strategic developments in the Polyethylene Glycol (PEG) market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Polyethylene Glycol (PEG) market are appropriately highlighted in the report.

The Polyethylene Glycol (PEG) market research report delivers an acute valuation and taxonomy of the Polyethylene Glycol (PEG) industry by practically splitting the market on the basis of different types, category and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030.

logoReport Scope

Report Attribute


Market Size in 2022

USD 4,750 Mllion

Projected Market Size in 2030

USD 8,225 Million

CAGR Growth Rate

8.16% CAGR

Base Year


Forecast Years


Key Market Players

Dow Chemical, Huangma Chemical, India Glycols, BASF, Croda, Liaoning Oxiranchem, Ineos, and Others

Key Segment

By Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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The regional segmentation of the Polyethylene Glycol (PEG) industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Polyethylene Glycol (PEG) industry is provided for the leading economies of the world.

Improved demand for adhesives in the paper and pulp and cement industries over the forecast period is expected to drive development on the Polyethylene Glycol (PEG) market. The demand for Polyethylene Glycol (PEG) is highly competitive, leading to the presence of many large-scale producers worldwide. The growing use of Polyethylene Glycol (PEG) as an adhesive is driving the market for Polyethylene Glycol (PEG) in many production applications. Solid silicate sodium is used to attach fiber drums, napkins for paper and toilet units, laminates for paperboards and so on. Because of its minimal-cost, eco friendly and non-toxic nature, some producers prefer to use Polyethylene Glycol (PEG).

Over the forecast era, the availability of raw materials such as quartz sand and rice husk is expected to drive demand growth of Polyethylene Glycol (PEG) final cost for Polyethylene Glycol (PEG) depends largely on factors including the quality of the raw material, manufacturing costs and shipping costs. If rubber or tires are used as a filler, then the Polyethylene Glycol (PEG) is used sideways. Development of the automotive sector and rapid growth in the APEJ region are expected to drive the elastomers segment through the forecast period.

The Polyethylene Glycol (PEG) market is segmented based on type, application and region. Based on type, the market is segment into Degradation of Pesticide, Surface Sterilization, and Other. On the basis of application segmentation, the market is classified into Residential and Commercial.

logoSome of the essential players operating in the Polyethylene Glycol (PEG) market, but not restricted to include

  • Dow Chemical
  • Huangma Chemical
  • India Glycols
  • Liaoning Oxiranchem
  • Ineos

The taxonomy of the Polyethylene Glycol (PEG) industry by its scope and segmentation is as follows:

logoBy Application Segmentation Analysis

  • Medical
  • Personal Care
  • Industrial
  • Others

logoBy Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Industry Major Market Players

  • Dow Chemical
  • Huangma Chemical
  • India Glycols
  • Liaoning Oxiranchem
  • Ineos