The Polyethylene Glycol (PEG) Market was valued at USD 4.45 Bn in 2021, at CAGR of 9.5% during the forecast period (2022-2030), and the market is projected to be worth USD 9.74 Bn by 2030.
The increased adoption of Polyethylene Glycol (PEG) in the Organic Chemicals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Polyethylene Glycol (PEG) also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Polyethylene Glycol (PEG) in many sectors also boosts the market growth during the forecast period.
Polyethylene glycol (PEG) is a polymeric substance made of ethylene oxide and water as monomers that are not only hydrophilic but also biocompatible, despite the fact that it is a synthetic molecule created by ring-opening polymerization of ethylene oxide. Because it is made of water and ethylene oxide, it has several applications ranging from medicines to building.
Polyethylene Glycol (PEG) Market Research Report” was just released by Market Research Community. It is divided into several categories, including Form (Opaque Liquid, White Wax Solid, Flake/Powder), application (Medical, Construction & Infrastructure, Industrial, Personal Care), Grade (PEG 200, PEG 300, PEG 400, PEG 400 FCC Grade, PEG 3350, PEG 4000, PEG 6000) and companies (Arkema, LyondellBasell Industries Holdings B.V, Exxon Mobil Corporation, Mitsui Chemicals Inc, Braskem, TotalEnergies, Novamont SpA, Biome Bioplastics, PTT Global Chemical Public Company Limited, KURARAY CO., LTD, DuPont, Solvay, DAIKIN, Dow, 3M,H.B. Fuller Company, AVERY DENNISON CORPORATION, Sealed Air, SABIC), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 9.5%, over the forecast period of 2022–2030
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||9.74 Billion|
|By Form||Opaque Liquid, White Wax Solid, Flake/Powder|
|By Grade||PEG 200, PEG 300, PEG 400, PEG 400 FCC Grade, PEG 3350, PEG 4000, PEG 6000|
|By Application||Medical, Construction & Infrastructure, Industrial, Personal Care|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Arkema, LyondellBasell Industries Holdings B.V, Exxon Mobil Corporation, Mitsui Chemicals Inc, Braskem, TotalEnergies, Novamont SpA, Biome Bioplastics, PTT Global Chemical Public Company Limited, KURARAY CO., LTD, DuPont, Solvay, DAIKIN, Dow, 3M,H.B. Fuller Company, AVERY DENNISON CORPORATION, Sealed Air, SABIC|
The COVID-19 pandemic has had a substantial negative influence on the Polyethylene Glycol (PEG) market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Arkema, LyondellBasell Industries Holdings B.V, Exxon Mobil Corporation, Mitsui Chemicals Inc, Braskem, TotalEnergies, Novamont SpA, Biome Bioplastics, PTT Global Chemical Public Company Limited, KURARAY CO., LTD, DuPont, Solvay, DAIKIN, Dow, 3M,H.B. Fuller Company, AVERY DENNISON CORPORATION, Sealed Air, SABIC
Market Segment Analysis:
- Construction & Infrastructure
- Personal Care
- Opaque Liquid
- White Wax Solid
- PEG 200
- PEG 300
- PEG 400
- PEG 400 FCC Grade
- PEG 3350
- PEG 4000
- PEG 6000
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Polyethylene Glycol (PEG) industries in the region.
Key Polyethylene Glycol (PEG) Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Polyethylene Glycol (PEG) Market segments.
– Largest Market Share Held by Industry to Industry for Polyethylene Glycol (PEG)
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Polyethylene Glycol (PEG) Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
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