The North America Polyethylene Glycol Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 607.10 Kilo tonnes, showcasing a growth of 2.8% (2019-2022).
The US market dominated the North America Polyethylene Glycol Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,359.2 million by 2030. The Canada market is showcasing a CAGR of 5.7% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 6.4% during (2023 - 2030).
Functionalized polyethylene glycols, modified with specific chemical groups, are gaining attention for their ability to impart additional functionalities to the polymer. For example, PEGs functionalized with reactive groups can be used for site-specific drug delivery or as building blocks for synthesizing advanced materials. This trend opens avenues for tailor-made PEGs with enhanced properties, expanding their applications in diverse industries. PEGs can be functionalized to respond to external stimuli, such as temperature, pH, or light. This responsiveness can be exploited for developing smart materials with controllable properties.
Moreover, researchers are exploring using polyethylene glycol-based nanocarriers in drug delivery to overcome challenges such as poor drug solubility and rapid clearance from the body. Drugs are encapsulated within these nanocarriers, frequently liposomes or micelles, to enable their targeted delivery to particular tissues or cells. The integration of PEGylation enhances the stability and biocompatibility of these nanocarriers, paving the way for more effective and targeted drug therapies. The addition of PEG to nanocarriers increases their circulation time in the bloodstream. PEGylated nanocarriers experience reduced uptake by the reticuloendothelial system (RES), which includes organs like the liver and spleen. This extended circulation time allows for a greater opportunity for the nanocarriers to reach the target site.
Additionally, the rising demand for cosmetics in Canada has likely led to an increased usage of PEG in formulations. It is commonly found in skincare products, creams, lotions, and other cosmetic items. PEG helps enhance the texture and consistency of products, making them more appealing to consumers. Moreover, it aids in the effective delivery of active ingredients in cosmetic formulations, contributing to the overall efficacy of the products. As the cosmetics industry in Canada continues to grow, the demand for versatile and effective ingredients like polyethylene glycol is likely to remain high. As per the data provided by the International Trade Administration in 2021, the cosmetics sector in Canada generated approximately USD 1.24 billion in revenue. Industry revenue is expected to reach USD 1.8 billion by 2024. Hence, the rising industrial and cosmetics sectors in North America will drive the growth of the regional market.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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.
North America 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)
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Polyethylene Glycol Market, by Application
1.4.2 North America 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. North America Polyethylene Glycol Market, By Application
4.1 North America Medical Market, By Country
4.2 North America Personal Care Market, By Country
4.3 North America Industrial Market, By Country
4.4 North America Others Market, By Country
Chapter 5. North America Polyethylene Glycol Market, By Country
5.1 US Polyethylene Glycol Market
5.1.1 US Polyethylene Glycol Market, By Application
5.2 Canada Polyethylene Glycol Market
5.2.1 Canada Polyethylene Glycol Market, By Application
5.3 Mexico Polyethylene Glycol Market
5.3.1 Mexico Polyethylene Glycol Market, By Application
5.4 Rest of North America Polyethylene Glycol Market
5.4.1 Rest of North America 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 North America Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 2 North America Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 3 North America Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 6 North America Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 7 North America Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Medical Market, By Country, 2019 - 2022, USD Million
TABLE 10 North America Medical Market, By Country, 2023 - 2030, USD Million
TABLE 11 North America Medical Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Medical Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Personal Care Market, By Country, 2019 - 2022, USD Million
TABLE 14 North America Personal Care Market, By Country, 2023 - 2030, USD Million
TABLE 15 North America Personal Care Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Personal Care Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Industrial Market, By Country, 2019 - 2022, USD Million
TABLE 18 North America Industrial Market, By Country, 2023 - 2030, USD Million
TABLE 19 North America Industrial Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Industrial Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Others Market, By Country, 2019 - 2022, USD Million
TABLE 22 North America Others Market, By Country, 2023 - 2030, USD Million
TABLE 23 North America Others Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Others Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Polyethylene Glycol Market, By Country, 2019 - 2022, USD Million
TABLE 26 North America Polyethylene Glycol Market, By Country, 2023 - 2030, USD Million
TABLE 27 North America Polyethylene Glycol Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Polyethylene Glycol Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29 US Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 30 US Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 31 US Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 32 US Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 33 US Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 34 US Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 35 US Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 36 US Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 37 Canada Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 38 Canada Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 39 Canada Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 40 Canada Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 41 Canada Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 42 Canada Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 43 Canada Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 44 Canada Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 45 Mexico Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 46 Mexico Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 47 Mexico Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 48 Mexico Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 49 Mexico Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 50 Mexico Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 51 Mexico Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 52 Mexico Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 53 Rest of North America Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 54 Rest of North America Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 55 Rest of North America Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 56 Rest of North America Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 57 Rest of North America Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 58 Rest of North America Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 59 Rest of North America Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 60 Rest of North America Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 61 Key Information – BASF SE
TABLE 62 Key Information – The Dow Chemical Company
TABLE 63 Key Information – Lotte Chemical Corporation
TABLE 64 Key Information – INEOS Group Holdings S.A.
TABLE 65 Key Information – Croda International PLC
TABLE 66 Key Information – India Glycols Limited
TABLE 67 Key Information – Liaoning Oxiranchem Inc.
TABLE 68 Key Information – Jiangsu Hai'an Petrochemical Plant
TABLE 69 Key Information – Liaoning Kelong Fine Chemical Co., Ltd.
TABLE 70 Key Information – Shanghai Bronkow Chemical Co. Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Polyethylene Glycol Market share, By Application, 2022
FIG 6 North America Polyethylene Glycol Market share, By Application, 2030
FIG 7 North America Polyethylene Glycol Market, By Application, 2019 - 2030, USD Million
FIG 8 North America Polyethylene Glycol Market share, By Country, 2022
FIG 9 North America Polyethylene Glycol Market share, By Country, 2030
FIG 10 North America 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.