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

Polyethylene Glycol Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Polyethylene Glycol Market size is expected to reach $7 billion by 2030, rising at a market growth of 5.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,519.22 Kilo tonnes, experiencing a growth of 3.2% (2019-2022).

The growing emphasis on sustainability has spurred innovations in the production processes of polyethylene glycol. Manufacturers are exploring greener and more eco-friendly methods, such as enzymatic synthesis or renewable feedstocks, to reduce the environmental footprint of PEG production. These sustainable practices align with the global push towards eco-conscious manufacturing and resonate with consumers seeking environmentally friendly products.

The Industrial segment is experiencing a CAGR of 6.2% during (2023 - 2030). PEG is crucial in various industrial applications, including as a lubricant, solvent, and dispersant. It finds applications in producing plastics, resins, and other chemical products. PEG is often used as a processing aid in manufacturing and a key ingredient in producing various industrial products. Therefore, these factors can lead to enhanced growth in the segment.

Full Report: https://www.kbvresearch.com/polyethylene-glycol-market/

The Asia Pacific region dominated the Global Polyethylene Glycol Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,419.6 million by 2030. The North America region is anticipating a CAGR of 5.4% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 5.5% during (2023 - 2030).

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.

Polyethylene Glycol Market Report Segmentation

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

• Medical
• Personal Care
• Industrial
• Others

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

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Polyethylene Glycol Market Size | 2030

• March-2024
• 91 Pages

LAMEA Polyethylene Glycol Market Size, Share | 2030

• March-2024
• 98 Pages

Europe Polyethylene Glycol Market Size & Forecast | 2030

• March-2024
• 98 Pages

Asia Pacific Polyethylene Glycol Market Size, Share, 2030

• March-2024
• 99 Pages