PUBLISHER: KBV Research | PRODUCT CODE: 1457247
PUBLISHER: KBV Research | PRODUCT CODE: 1457247
North America Polyethylene Glycol Market Size, Share & Trends Analysis Report By Application (Medical, Personal Care, Industrial, and Others), By Country and Growth Forecast, 2023 - 2030
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.
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
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America Polyethylene Glycol Market, by Application
- 1.4.2North America Polyethylene Glycol Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.North America Polyethylene Glycol Market, By Application
- 4.1North America Medical Market, By Country
- 4.2North America Personal Care Market, By Country
- 4.3North America Industrial Market, By Country
- 4.4North America Others Market, By Country
Chapter 5.North America Polyethylene Glycol Market, By Country
- 5.1US Polyethylene Glycol Market
- 5.1.1US Polyethylene Glycol Market, By Application
- 5.2Canada Polyethylene Glycol Market
- 5.2.1Canada Polyethylene Glycol Market, By Application
- 5.3Mexico Polyethylene Glycol Market
- 5.3.1Mexico Polyethylene Glycol Market, By Application
- 5.4Rest of North America Polyethylene Glycol Market
- 5.4.1Rest of North America Polyethylene Glycol Market, By Application
Chapter 6.Company Profiles
- 6.1BASF SE
- 6.1.1Company Overview
- 6.1.2Financial Analysis
- 6.1.3Segmental and Regional Analysis
- 6.1.4Research & Development Expense
- 6.1.5Recent strategies and developments:
- 6.1.5.1Geographical Expansions:
- 6.1.6SWOT Analysis
- 6.2The Dow Chemical Company
- 6.2.1Company Overview
- 6.2.2Financial Analysis
- 6.2.3Segmental and Regional Analysis
- 6.2.4Research & Development Expenses
- 6.2.5SWOT Analysis
- 6.3LOTTE Chemical Corporation (LOTTE Corp.)
- 6.3.1Company Overview
- 6.3.2Financial Analysis
- 6.3.3Segmental and Regional Analysis
- 6.3.4Research & Development Expenses
- 6.4INEOS Group Holdings S.A. (INEOS Oligomers)
- 6.4.1Company Overview
- 6.4.2Financial Analysis
- 6.4.3Segmental and Regional Analysis
- 6.4.4SWOT Analysis
- 6.5Croda International PLC
- 6.5.1Company Overview
- 6.5.2Financial Analysis
- 6.5.3Segmental and Regional Analysis
- 6.5.4SWOT Analysis
- 6.6India Glycols Limited
- 6.6.1Company Overview
- 6.6.2Financial Analysis
- 6.6.3Segmental and Regional Analysis
- 6.6.4Research & Development Expenses
- 6.6.5SWOT Analysis
- 6.7Liaoning Oxiranchem Inc.
- 6.7.1Company Overview
- 6.7.2SWOT Analysis
- 6.8Jiangsu Hai'an Petrochemical Plant
- 6.8.1Company Overview
- 6.8.2SWOT Analysis
- 6.9Liaoning Kelong Fine Chemical Co., Ltd.
- 6.9.1Company Overview
- 6.9.2SWOT Analysis
- 6.10.Shanghai Bronkow Chemical Co. Ltd.
- 6.10.1Company Overview
LIST OF TABLES
- TABLE 1North America Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 2North America Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 3North America Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 4North America Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 5North America Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 6North America Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 7North America Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 8North America Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 9North America Medical Market, By Country, 2019 - 2022, USD Million
- TABLE 10North America Medical Market, By Country, 2023 - 2030, USD Million
- TABLE 11North America Medical Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 12North America Medical Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 13North America Personal Care Market, By Country, 2019 - 2022, USD Million
- TABLE 14North America Personal Care Market, By Country, 2023 - 2030, USD Million
- TABLE 15North America Personal Care Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 16North America Personal Care Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 17North America Industrial Market, By Country, 2019 - 2022, USD Million
- TABLE 18North America Industrial Market, By Country, 2023 - 2030, USD Million
- TABLE 19North America Industrial Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 20North America Industrial Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 21North America Others Market, By Country, 2019 - 2022, USD Million
- TABLE 22North America Others Market, By Country, 2023 - 2030, USD Million
- TABLE 23North America Others Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 24North America Others Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 25North America Polyethylene Glycol Market, By Country, 2019 - 2022, USD Million
- TABLE 26North America Polyethylene Glycol Market, By Country, 2023 - 2030, USD Million
- TABLE 27North America Polyethylene Glycol Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 28North America Polyethylene Glycol Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 29US Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 30US Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 31US Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 32US Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 33US Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 34US Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 35US Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 36US Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 37Canada Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 38Canada Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 39Canada Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 40Canada Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 41Canada Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 42Canada Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 43Canada Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 44Canada Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 45Mexico Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 46Mexico Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 47Mexico Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 48Mexico Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 49Mexico Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 50Mexico Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 51Mexico Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 52Mexico Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 53Rest of North America Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 54Rest of North America Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 55Rest of North America Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 56Rest of North America Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 57Rest of North America Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 58Rest of North America Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 59Rest of North America Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 60Rest of North America Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 61Key Information - BASF SE
- TABLE 62Key Information - The Dow Chemical Company
- TABLE 63Key Information - Lotte Chemical Corporation
- TABLE 64Key Information - INEOS Group Holdings S.A.
- TABLE 65Key Information - Croda International PLC
- TABLE 66Key Information - India Glycols Limited
- TABLE 67Key Information - Liaoning Oxiranchem Inc.
- TABLE 68Key Information - Jiangsu Hai'an Petrochemical Plant
- TABLE 69Key Information - Liaoning Kelong Fine Chemical Co., Ltd.
- TABLE 70Key Information - Shanghai Bronkow Chemical Co. Ltd.
