Polyethylene Glycol Market Trends, Growth Strategy, Demand, Challenges and Future Opportunities
Polyethylene Glycol Market Size- By Grade, By Application, By Molecular Weight, By Source, By End Use Industry - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Feb-2025 | Report ID: CHEM2509 | Pages: 1 - 248 | Formats*: |
| Category : Chemical & Materials | |||
Polyethylene Glycol Market Introduction and Overview
According to SPER Market Research, the Global Polyethylene Glycol Market is estimated to reach USD 7.25 billion by 2034 with a CAGR of 6.43%.
The growing importance of material qualities such as non-toxicity, wear resistance, and solubility in organic solvents is a major driving force in the market. The introduction of polyethylene glycol (PEG) as a lubricating solution in the pharmaceutical business due to its aforementioned features is predicted to have a favourable impact on the market. PEG is made from petrochemicals, specifically ethylene oxide, which comes from crude oil and natural gas. Crude oil price changes, driven by geopolitical events and supply disruptions, have a direct impact on raw material costs in PEG manufacturing.
- January, 2024: SABIC has announced its decision to invest USD 6.4 billion in the SABIC Fujian Petrochemical Complex in China. This factory increases yearly ethylene production to 1.8 million tons and produces downstream chemicals, notably ethylene glycol, a crucial PEG derivative.
- October, 2023: Clariant launched VitiPure, a new excipient product line. These can be utilized as Active Pharmaceutical Ingredients in pharmaceutical products.
By Grade: Pharmaceutical Grade segment dominated the market.
The Global Polyethylene Glycol (PEG) Market is classified according to grade: pharmaceutical grade, industrial grade, cosmetic grade, and food grade. The pharmaceutical grade segment is expected to have the biggest market share in 2024, owing to rising demand for PEG in the production of medicines such as laxatives, ointments, and suppositories.
By Application: The Pharmaceuticals segment of the industry is expected to grow at a significant rate.
The Polyethylene Glycol Market is predicted to grow steadily in the next years, driven by increased demand from the pharmaceutical industry. The increased prevalence of chronic diseases, as well as the growing demand for new drug delivery technologies, are significant drivers of the Polyethylene Glycol Market in this sector.
By Molecular Weight: The 400-600 g/mol segment has applications in pharmaceuticals and biotechnology, dominating market growth. In the global polyethylene glycol (PEG) market, the PEG 400 sub segment, with a molecular weight range of 400-600 g/mol, has the biggest market share. This dominance is due to its widespread application in medicines and biotechnology, where its characteristics improve solubility and bioavailability in medication formulations.
By Source: The Ethylene Oxide segment retained the greatest market share in 2024.
Ethylene oxide is the most commonly utilized raw ingredient for the manufacturing of polyethylene glycol. It provides various benefits, such as high efficiency, low cost, and simplicity of supply.
By End Use Industry: The Medical Device category maintained a considerable market share, owing to rising demand for improved medical devices and the use of Polyethylene Glycol as a lubricant and coating agent.
By Region: Asia Pacific region dominated the market, accounting for approximately more than 48% of revenues. This is due to the pharmaceutical, automotive, and construction industries' rapid rise in India and China.
Market Competitive Landscape:
The Global Polyethylene Glycol Market is highly consolidated. Some of the market players are BASF, Dow Chemical Company, LOTTE CHEMICAL, Ineos, Croda, Liaoning Oxiranchem, Liaoning Kelong, Jiangsu Haian Petrochemical Plant, Shanghai Bronkow Chemical, Taijie Chemical, Huangma Chemical, India Glycols.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Grade, By Application, By Molecular Weight, By Source, By End Use Industry. |
| Regions covere | North America, Latin America, Asia-Pacific, Europe, Middle East & Africa. |
| Companies Covered | BASF, Dow Chemical Company, LOTTE CHEMICAL, Ineos, Croda, Liaoning Oxiranchem, Liaoning Kelong, Jiangsu Haian Petrochemical Plant, Shanghai Bronkow Chemical, Taijie Chemical, Huangma Chemical, India Glycols. |
Key Topics Covered in the Report:
- Global Polyethylene Glycol Market Size (FY’2021-FY’2034)
- Overview of Global Polyethylene Glycol Market
- Segmentation of Global Polyethylene Glycol Market By Grade (Pharmaceutical Grade, Industrial Grade, Cosmetic Grade, Food Grade)
- Segmentation of Global Polyethylene Glycol Market By Application (Pharmaceuticals, Cosmetics and Personal Care, Food and Beverages, Industrial Solvents, Textile Finishing)
- Segmentation of Global Polyethylene Glycol Market By Molecular Weight (200-400 g/mol, 400-600 g/mol, 600-1000 g/mol, 1000-2000 g/mol, Above 2000 g/mol)
- Segmentation of Global Polyethylene Glycol Market By Source (Ethylene Oxide, Ethylene Dichloride, Ethylene Glycol)
- Segmentation of Global Polyethylene Glycol Market By End Use Industry (Medical Device, Pharmaceutical Packaging, Lubricant Additive, Paper Coating)
- Statistical Snap of Global Polyethylene Glycol Market
- Expansion Analysis of Global Polyethylene Glycol Market
- Problems and Obstacles in Global Polyethylene Glycol Market
- Competitive Landscape in the Global Polyethylene Glycol Market
- Details on Current Investment in Global Polyethylene Glycol Market
- Competitive Analysis of Global Polyethylene Glycol Market
- Prominent Players in the Global Polyethylene Glycol Market
- SWOT Analysis of Global Polyethylene Glycol Market
- Global Polyethylene Glycol Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Polyethylene Glycol Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Polyethylene Glycol Market
7. Global Polyethylene Glycol Market, By Grade (USD Million) 2021-2034
7.1. Pharmaceutical Grade7.2. Industrial Grade7.3. Cosmetic Grade7.4. Food Grade
8. Global Polyethylene Glycol Market, By Application (USD Million) 2021-2034
8.1. Pharmaceuticals8.2. Cosmetics and Personal Care8.3. Food and Beverages8.4. Industrial Solvents8.5. Textile Finishing
9. Global Polyethylene Glycol Market, By Molecular Weight (USD Million) 2021-2034
9.1. 200 – 400 g/ml9.2. 400 – 600 g/mol9.3. 600 – 1000 g/mol9.4. 1000 – 2000 g/mol9.5. Above 2000 g/mol
10. Global Polyethylene Glycol Market, By Source (USD Million) 2021-2034
10.1. Ethylene Oxide10.2. Ethylene Dichloride10.3. Ethylene Glycol
11. Global Polyethylene Glycol Market, By End –Use Industry (USD Million) 2021-2034
11.1. Medical Device11.2. Pharmaceutical Packaging11.3. Lubricant Additive11.4. Paper Coating
12. Global Polyethylene Glycol Market, (USD Million) 2021-2034
12.1. Global Polyethylene Glycol Market Size and Market Share
13. Global Polyethylene Glycol Market, By Region, (USD Million) 2021-2034
13.1. Asia-Pacific
13.1.1. Australia13.1.2. China13.1.3. India13.1.4. Japan13.1.5. South Korea13.1.6. Rest of Asia-Pacific
13.2. Europe
13.2.1. France13.2.2. Germany13.2.3. Italy13.2.4. Spain13.2.5. United Kingdom13.2.6. Rest of Europe
13.3. Middle East and Africa
13.3.1. Kingdom of Saudi Arabia13.3.2. United Arab Emirates13.3.3. Qatar13.3.4. South Africa13.3.5. Egypt13.3.6. Morocco13.3.7. Nigeria13.3.8. Rest of Middle-East and Africa
13.4. North America
13.4.1. Canada13.4.2. Mexico13.4.3. United States
13.5. Latin America
13.5.1. Argentina13.5.2. Brazil13.5.3. Rest of Latin America
14. Company Profile
14.1. BASF
14.1.1. Company details14.1.2. Financial outlook14.1.3. Product summary14.1.4. Recent developments
14.2. Dow Chemical Company
14.2.1. Company details14.2.2. Financial outlook14.2.3. Product summary14.2.4. Recent developments
14.3. LOTTE CHEMICAL
14.3.1. Company details14.3.2. Financial outlook14.3.3. Product summary14.3.4. Recent developments
14.4. Ineos
14.4.1. Company details14.4.2. Financial outlook14.4.3. Product summary14.4.4. Recent developments
14.5. Liaoning Oxiranchem
14.5.1. Company details14.5.2. Financial outlook14.5.3. Product summary14.5.4. Recent developments
14.6. Liaoning Kelong
14.6.1. Company details14.6.2. Financial outlook14.6.3. Product summary14.6.4. Recent developments
14.7. Jiangsu Haian Petrochemical Plant
14.7.1. Company details14.7.2. Financial outlook14.7.3. Product summary
14.7.4. Recent developments
14.8. Shanghai Bronkow Chemical
14.8.1. Company details14.8.2. Financial outlook14.8.3. Product summary14.8.4. Recent developments
14.9. Taijie Chemical
14.9.1. Company details14.9.2. Financial outlook14.9.3. Product summary14.9.4. Recent developments
14.10. Huangma Chemical
14.10.1. Company details14.10.2. Financial outlook14.10.3. Product summary14.10.4. Recent developments
14.11. India Glycols
14.11.1. Company details14.11.2. Financial outlook14.11.3. Product summary14.11.4. Recent developments
14.12. Others
15. Conclusion
16. List of Abbreviations
17. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Polyethylene Glycol Market size is USD 7.25 billion from 2025 to 2034.
Polyethylene Glycol Market is covered By Grade, By Application, By Molecular Weight, By Source, By End Use Industry.
The North America is anticipated to have the highest Market share in the Polyethylene Glycol Market.
The key players in the Market include Companies Covered BASF, Dow Chemical Company, LOTTE CHEMICAL, Ineos, Croda, Liaoning Oxiranchem, Liaoning Kelong, Jiangsu Haian Petrochemical Plant, Shanghai Bronkow Chemical, Taijie Chemical, Huangma Chemical, India Glycols. and others.
The introduction of polyethylene glycol (PEG) as a lubricating solution in the pharmaceutical business due to its aforementioned features is predicted to have a favourable impact on the market.
Polyethylene Glycol Market is projected to reach USD 7.25 billion by 2034, growing at a CAGR of 6.43% during the forecast period.
Polyethylene Glycol Market grew in Market size from 2025. The Market is expected to reach USD 7.25 billion by 2034, at a CAGR of 6.43% during the forecast period.
Polyethylene Glycol Market CAGR of 6.43% during the forecast period.
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