Asia Pacific Polyethylene Glycol Market Size, Share & Trends Analysis Report By Application (Medical, Personal Care, Industrial, and Others), By Country and Growth Forecast, 2023 - 2030

The Asia Pacific Polyethylene Glycol Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,182.29 Kilo tonnes, showcasing a growth of 3.3% (2019-2022).

The China market dominated the Asia Pacific Polyethylene Glycol Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $997.6 million by 2030. The Japan market is experiencing a CAGR of 5.7% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 6.4% during (2023 - 2030).

The market is a multifaceted landscape characterized by its widespread adoption, diverse applications, and constant evolution driven by innovative trends. Polyethylene glycol, a versatile polymer with varying molecular weights, has found its way into many industries, playing a pivotal role in shaping modern technological advancements and consumer products. It has witnessed a remarkable surge in adoption across diverse industries, owing to its unique properties and versatility. This polymer, derived from ethylene oxide, is characterized by its water solubility, low toxicity, and compatibility with various substances. These inherent characteristics make polyethylene glycol a sought-after compound in pharmaceuticals, personal care products, industrial applications, and more.

Furthermore, the industrial sector has embraced polyethylene glycol for applications ranging from lubricants and antifreeze formulations to metal processing and as a de-icing agent. As per the data provided by the State Council of China, in July 2023, annual growth was 3.7% for the total value added by industrial enterprises exceeding the designated size. The manufacturing value added of basic materials increased by 8.8 percent annually. Likewise, as per Eurostat, the industrial output of the European Union increased by 8% between 2020 and 2021, and this upward trend persisted in 2022 with a 5% increase relative to 2021. In nominal terms, in 2022, the EU’s value of sold production jumped from €5 209 billion in 2021 to €6 179 billion in 2022, an increase of 19 %.

Moreover, in Australia, the rising demand in the healthcare sector has led to an expansion in polyethylene glycol (PEG) use. It is a versatile compound with various applications in the healthcare industry, particularly in pharmaceuticals and medical devices. As per the data from the Government of Australia, the country spent an estimated $241.3 billion on health goods and services in 2021–22 – an average of approximately $9,365 per person. The real growth (adjusted for inflation) in total health spending (recurrent and capital) was 6.0% more than in 2020–21. This was higher than the average yearly growth rate over the decade to 2021–22 (3.4%). Therefore, the growing healthcare sector in Asia Pacific will assist in the expansion of the regional market.

Free Valuable Insights: The Global Polyethylene Glycol Market is Predict to reach USD 7 Billion by 2030, at a CAGR of 5.8%

Based on Application, the market is segmented into Medical, Personal Care, Industrial, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

• BASF SE
• The Dow Chemical Company
• LOTTE Chemical Corporation (LOTTE Corp.)
• INEOS Group Holdings S.A. (INEOS Oligomers)
• Croda International PLC
• India Glycols Limited
• Liaoning Oxiranchem Inc.
• Liaoning Kelong Fine Chemical Co., Ltd.
• Jiangsu Hai'an Petrochemical Plant
• Shanghai Bronkow Chemical Co. Ltd.

Asia Pacific Polyethylene Glycol Market Report Segmentation

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Medical
• Personal Care
• Industrial
• Others

By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Polyethylene Glycol Market, by Application
1.4.2 Asia Pacific Polyethylene Glycol Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. Asia Pacific Polyethylene Glycol Market, By Application
4.1 Asia Pacific Medical Market, By Country
4.2 Asia Pacific Personal Care Market, By Country
4.3 Asia Pacific Industrial Market, By Country
4.4 Asia Pacific Others Market, By Country

Chapter 5. Asia Pacific Polyethylene Glycol Market, By Country
5.1 China Polyethylene Glycol Market
5.1.1 China Polyethylene Glycol Market, By Application
5.2 Japan Polyethylene Glycol Market
5.2.1 Japan Polyethylene Glycol Market, By Application
5.3 India Polyethylene Glycol Market
5.3.1 India Polyethylene Glycol Market, By Application
5.4 South Korea Polyethylene Glycol Market
5.4.1 South Korea Polyethylene Glycol Market, By Application
5.5 Singapore Polyethylene Glycol Market
5.5.1 Singapore Polyethylene Glycol Market, By Application
5.6 Malaysia Polyethylene Glycol Market
5.6.1 Malaysia Polyethylene Glycol Market, By Application
5.7 Rest of Asia Pacific Polyethylene Glycol Market
5.7.1 Rest of Asia Pacific Polyethylene Glycol Market, By Application

Chapter 6. Company Profiles
6.1 BASF SE
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Geographical Expansions:
6.1.6 SWOT Analysis
6.2 The Dow Chemical Company
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 SWOT Analysis
6.3 LOTTE Chemical Corporation (LOTTE Corp.)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.4 INEOS Group Holdings S.A. (INEOS Oligomers)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 SWOT Analysis
6.5 Croda International PLC
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 SWOT Analysis
6.6 India Glycols Limited
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 SWOT Analysis
6.7 Liaoning Oxiranchem Inc.
6.7.1 Company Overview
6.7.2 SWOT Analysis
6.8 Jiangsu Hai'an Petrochemical Plant
6.8.1 Company Overview
6.8.2 SWOT Analysis
6.9 Liaoning Kelong Fine Chemical Co., Ltd.
6.9.1 Company Overview
6.9.2 SWOT Analysis
6.10. Shanghai Bronkow Chemical Co. Ltd.
6.10.1 Company Overview

TABLE 1 Asia Pacific Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Medical Market, By Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Medical Market, By Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Medical Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Medical Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Personal Care Market, By Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Personal Care Market, By Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Personal Care Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Personal Care Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Industrial Market, By Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Industrial Market, By Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Industrial Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Industrial Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Others Market, By Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Others Market, By Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Others Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Others Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Polyethylene Glycol Market, By Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Polyethylene Glycol Market, By Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Polyethylene Glycol Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Polyethylene Glycol Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29 China Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 30 China Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 31 China Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 32 China Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 33 China Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 34 China Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 35 China Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 36 China Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 37 Japan Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 38 Japan Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 39 Japan Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 40 Japan Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 41 Japan Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 42 Japan Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 43 Japan Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 44 Japan Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 45 India Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 46 India Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 47 India Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 48 India Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 49 India Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 50 India Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 51 India Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 52 India Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 53 South Korea Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 54 South Korea Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 55 South Korea Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 56 South Korea Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 57 South Korea Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 58 South Korea Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 59 South Korea Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 60 South Korea Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 61 Singapore Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 62 Singapore Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 63 Singapore Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 64 Singapore Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 65 Singapore Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 66 Singapore Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 67 Singapore Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 68 Singapore Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 69 Malaysia Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 70 Malaysia Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 71 Malaysia Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Malaysia Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Malaysia Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 74 Malaysia Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 75 Malaysia Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 76 Malaysia Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Rest of Asia Pacific Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 78 Rest of Asia Pacific Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 79 Rest of Asia Pacific Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Rest of Asia Pacific Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Rest of Asia Pacific Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 82 Rest of Asia Pacific Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 83 Rest of Asia Pacific Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 84 Rest of Asia Pacific Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 85 Key Information – BASF SE
TABLE 86 Key Information – The Dow Chemical Company
TABLE 87 Key Information – Lotte Chemical Corporation
TABLE 88 Key Information – INEOS Group Holdings S.A.
TABLE 89 Key Information – Croda International PLC
TABLE 90 Key Information – India Glycols Limited
TABLE 91 Key Information – Liaoning Oxiranchem Inc.
TABLE 92 Key Information – Jiangsu Hai'an Petrochemical Plant
TABLE 93 Key Information – Liaoning Kelong Fine Chemical Co., Ltd.
TABLE 94 Key Information – Shanghai Bronkow Chemical Co. Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Polyethylene Glycol Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Polyethylene Glycol Market
FIG 4 Porter’s Five Forces Analysis - Polyethylene Glycol Market
FIG 5 Asia Pacific Polyethylene Glycol Market share, By Application, 2022
FIG 6 Asia Pacific Polyethylene Glycol Market share, By Application, 2030
FIG 7 Asia Pacific Polyethylene Glycol Market, By Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Polyethylene Glycol Market share, By Country, 2022
FIG 9 Asia Pacific Polyethylene Glycol Market share, By Country, 2030
FIG 10 Asia Pacific Polyethylene Glycol Market, By Country, 2019 - 2030, USD Million
FIG 11 SWOT Analysis: BASF SE
FIG 12 SWOT Analysis: The Dow Chemical Company
FIG 13 SWOT Analysis: INEOS GROUP HOLDINGS S.A.
FIG 14 Swot Analysis: Croda International PLC
FIG 15 Swot Analysis: India Glycols Limited
FIG 16 Swot Analysis: Liaoning Oxiranchem Inc.,
FIG 17 Swot Analysis: Jiangsu Hai'an Petrochemical Plant
FIG 18 Swot Analysis: Liaoning Kelong Fine Chemical Co., Ltd.