The report “Polyethylene Glycol Market by Grade, Form (Liquid, White wax, Flake/Powder), Package Size (Drums, Bulk Container, Glass Bottles), End-Use Industry (Pharmaceutical, Cosmetics & Personal care, Food & Beverage, Industrial) & Region – Global Forecast to 2029″, Polyethylene Glycol Market Is Projected to Reach USD 5.31 Billion By 2029, At A CAGR Of 6.2% From USD 3.94 Billion In 2024. The PEG market is driven by increasing demand in various end-use industries like pharmaceutical and personal care. PEG is widely used as solvent, stabilizer, and binder for drug formulations to enhance the solubility and bioavailability of drugs. Moreover, the increasing awareness of product efficacy and safety in cosmetics and skincare products has led to rise in the demand for PEG in personal care industry. The regions with strong industrial base such as North America, the ongoing research and development has helped to increase the use of PEG in products like coatings, lubricants, and other industrial applications. Additionally, the government policies supporting industrial growth contribute to the market growth.
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• 302 Market data Tables
• 64 Figures
• 289 Pages and in-depth TOC on “Polyethylene Glycol Market – Global Forecast to 2029″
• 64 Figures
• 289 Pages and in-depth TOC on “Polyethylene Glycol Market – Global Forecast to 2029″
Some of the prominent key players are:
- BASF (Germany),
- Dow (US),
- Clariant (Switzerland),
- Lotte Chemical Corporation (South Korea),
- Sanyo Chemicals Industries Ltd (Japan),
- Sabic (Saudi Arabia), and many more….
Opportunity: Increasing demand for long-acting medications
The increasing demand for long-acting medications provide a significant growth opportunity for PEG market. The industry is shifting towards developing new drug delivery systems. PEG plays critical role in drug formulations and delivery systems. Eventually, PEG’s ability to improve the solubility and bioavailability of drugs with low solubility rates is becoming crucial. Long-acting medications release the active ingredients slowly for a period of time in order to reduce the frequency and dosing and increase the efficiency of treatment. Furthermore, the growth of PEG in pharmaceutical industry is driven by the rising prevalence of the chronic diseases such as cancer and diabetes which require long lasting medications and effective delivery systems. Additionally, developments in PEGylation technology that is used to modify drugs enhancing their pharmacokinetic properties is fueling the market. PEGylation helps to increase the life of therapeutic proteins to make them more effective over an extended period of time.
“White wax solid is the fastest growing form of PEG during the forecast period, in terms of value.”
White wax solid is the fastest growing form of PEG due to its properties and versatile applications across different industries. This form of PEG is easy to handle particularly in applications that require controlled melting and uniform texture. The white wax solid PEG is used for pharmaceutical applications for producing ointments, creams, and topical formulations. Its ability to stay in solid forms at room temperature makes it ideal for applications which require long shelf life. The moisturizing and binding properties of white wax solid make it especially useful in cosmetics & personal care industry in manufacturing of lotions, creams, and lip balms. Additionally, it is preferred for industrial applications its lubricating and anti-static properties in coatings and plastic processing. Collectively, all these factors drive the market growth for white wax solid form of PEG making it the fastest growing form.
“Asia Pacific is projected to be the fastest growing region of PEG, in terms of value, during the forecast period.”
The Asia Pacific region has rapidly growing pharmaceutical and healthcare industries especially in countries like India and China which drive the market for PEG in drug formulations and delivery systems. With rising consumer awareness and disposable income, there is an increase in the usage of PEG in skin care and beauty products. Additionally, significant investments in healthcare infrastructure and personal care industry further enhance PEG applications, while the government policies support the industrial growth to the region’s rapid market expansion. The ongoing expansions of end use industries along with growing awareness of PEG’s advantages position Asia Pacific as a fastest growing region for PEG market.
