PUBLISHER: KBV Research | PRODUCT CODE: 1457248
PUBLISHER: KBV Research | PRODUCT CODE: 1457248
Europe Polyethylene Glycol Market Size, Share & Trends Analysis Report By Application (Medical, Personal Care, Industrial, and Others), By Country and Growth Forecast, 2023 - 2030
The Europe Polyethylene Glycol Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 308.01 Kilo tonnes, showcasing a growth of 3.0% (2019-2022).
The Germany market dominated the Europe Polyethylene Glycol Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $264.9 million by 2030. The UK market is exhibiting a CAGR of 5.1% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6% during (2023 - 2030).
In recent years, an increasing focus has been placed on sustainability and environmental awareness. This shift has increased demand for bio-based polyethylene glycol derived from renewable sources such as plant-based feedstocks. Manufacturers are investing in research and development to produce bio-based PEG with comparable or enhanced performance attributes while reducing the environmental impact. PEG's lubricating properties contribute to its effectiveness in reducing friction and wear in machinery. As a lubricant additive, PEG enhances the overall efficiency of industrial equipment, mitigating the impact of mechanical stress and prolonging the lifespan of moving parts.
Additionally, the intersection of polyethylene glycol with nanotechnology opens new frontiers in drug delivery and medical applications. PEGylation, the process of attaching PEG chains to nanoparticles, enhances their stability, biocompatibility, and circulation time in the body. This trend is particularly evident in developing targeted drug delivery systems, improving the therapeutic efficacy of pharmaceutical compounds. The attachment of PEG chains to nanoparticles increases their circulation time in the body. This is crucial for drug delivery systems, as it allows the nanoparticles to reach the target site and exert their therapeutic effects over an extended period, improving the overall efficacy of the treatment.
According to the Eurostat data, Germany had the highest level of current healthcare expenditure among the EU Member States, valued at €432 billion in 2020. Following Italy ($160 billion) and Spain ($120 billion) in terms of current healthcare spending was France ($281 billion). More than any other EU Member State, current healthcare spending in Germany and France was comparable to 12.8% and 12.2% of GDP, respectively. The ratios in Austria (11.5%), Sweden (11.4%), the Netherlands (11.1%), and Belgium (11.1%) were the following highest. Spain, Portugal, and Denmark were the only EU Member States to record double-digit ratios. Luxembourg and Denmark incurred the greatest current healthcare expenditures among EU Member States in 2020, in euro terms and relation to population size (€5 875 per inhabitant and €5 642). Therefore, the growing healthcare sector in Europe is expected to boost the demand for polyethylene glycol in the region.
Based on Application, the market is segmented into Medical, Personal Care, Industrial, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
Europe 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)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Europe Polyethylene Glycol Market, by Application
- 1.4.2Europe 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.Europe Polyethylene Glycol Market, By Application
- 4.1Europe Medical Market, By Country
- 4.2Europe Personal Care Market, By Country
- 4.3Europe Industrial Market, By Country
- 4.4Europe Others Market, By Country
Chapter 5.Europe Polyethylene Glycol Market, By Country
- 5.1Germany Polyethylene Glycol Market
- 5.1.1Germany Polyethylene Glycol Market, By Application
- 5.2UK Polyethylene Glycol Market
- 5.2.1UK Polyethylene Glycol Market, By Application
- 5.3France Polyethylene Glycol Market
- 5.3.1France Polyethylene Glycol Market, By Application
- 5.4Russia Polyethylene Glycol Market
- 5.4.1Russia Polyethylene Glycol Market, By Application
- 5.5Spain Polyethylene Glycol Market
- 5.5.1Spain Polyethylene Glycol Market, By Application
- 5.6Italy Polyethylene Glycol Market
- 5.6.1Italy Polyethylene Glycol Market, By Application
- 5.7Rest of Europe Polyethylene Glycol Market
- 5.7.1Rest of Europe 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 1Europe Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 2Europe Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 3Europe Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 4Europe Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 5Europe Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 6Europe Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 7Europe Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 8Europe Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 9Europe Medical Market, By Country, 2019 - 2022, USD Million
- TABLE 10Europe Medical Market, By Country, 2023 - 2030, USD Million
- TABLE 11Europe Medical Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 12Europe Medical Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 13Europe Personal Care Market, By Country, 2019 - 2022, USD Million
- TABLE 14Europe Personal Care Market, By Country, 2023 - 2030, USD Million
- TABLE 15Europe Personal Care Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 16Europe Personal Care Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 17Europe Industrial Market, By Country, 2019 - 2022, USD Million
- TABLE 18Europe Industrial Market, By Country, 2023 - 2030, USD Million
- TABLE 19Europe Industrial Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 20Europe Industrial Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 21Europe Others Market, By Country, 2019 - 2022, USD Million
- TABLE 22Europe Others Market, By Country, 2023 - 2030, USD Million
- TABLE 23Europe Others Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 24Europe Others Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 25Europe Polyethylene Glycol Market, By Country, 2019 - 2022, USD Million
- TABLE 26Europe Polyethylene Glycol Market, By Country, 2023 - 2030, USD Million
- TABLE 27Europe Polyethylene Glycol Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 28Europe Polyethylene Glycol Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 29Germany Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 30Germany Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 31Germany Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 32Germany Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 33Germany Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 34Germany Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 35Germany Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 36Germany Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 37UK Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 38UK Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 39UK Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 40UK Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 41UK Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 42UK Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 43UK Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 44UK Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 45France Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 46France Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 47France Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 48France Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 49France Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 50France Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 51France Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 52France Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 53Russia Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 54Russia Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 55Russia Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 56Russia Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 57Russia Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 58Russia Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 59Russia Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 60Russia Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 61Spain Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 62Spain Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 63Spain Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 64Spain Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 65Spain Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 66Spain Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 67Spain Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 68Spain Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 69Italy Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 70Italy Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 71Italy Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 72Italy Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 73Italy Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 74Italy Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 75Italy Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 76Italy Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 77Rest of Europe Polyethylene Glycol Market, 2019 - 2022, USD Million
- TABLE 78Rest of Europe Polyethylene Glycol Market, 2023 - 2030, USD Million
- TABLE 79Rest of Europe Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
- TABLE 80Rest of Europe Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
- TABLE 81Rest of Europe Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
- TABLE 82Rest of Europe Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
- TABLE 83Rest of Europe Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 84Rest of Europe Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 85Key Information - BASF SE
- TABLE 86Key Information - The Dow Chemical Company
- TABLE 87Key Information - Lotte Chemical Corporation
- TABLE 88Key Information - INEOS Group Holdings S.A.
- TABLE 89Key Information - Croda International PLC
- TABLE 90Key Information - India Glycols Limited
- TABLE 91Key Information - Liaoning Oxiranchem Inc.
- TABLE 92Key Information - Jiangsu Hai'an Petrochemical Plant
- TABLE 93Key Information - Liaoning Kelong Fine Chemical Co., Ltd.
- TABLE 94Key Information - Shanghai Bronkow Chemical Co. Ltd.
