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

Description

List of Tables

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.

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

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1Asia Pacific Polyethylene Glycol Market, by Application
- 1.4.2Asia Pacific 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
3.2Key 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.Asia Pacific Polyethylene Glycol Market, By Application

4.1Asia Pacific Medical Market, By Country
4.2Asia Pacific Personal Care Market, By Country
4.3Asia Pacific Industrial Market, By Country
4.4Asia Pacific Others Market, By Country

Chapter 5.Asia Pacific Polyethylene Glycol Market, By Country

5.1China Polyethylene Glycol Market
- 5.1.1China Polyethylene Glycol Market, By Application
5.2Japan Polyethylene Glycol Market
- 5.2.1Japan Polyethylene Glycol Market, By Application
5.3India Polyethylene Glycol Market
- 5.3.1India Polyethylene Glycol Market, By Application
5.4South Korea Polyethylene Glycol Market
- 5.4.1South Korea Polyethylene Glycol Market, By Application
5.5Singapore Polyethylene Glycol Market
- 5.5.1Singapore Polyethylene Glycol Market, By Application
5.6Malaysia Polyethylene Glycol Market
- 5.6.1Malaysia Polyethylene Glycol Market, By Application
5.7Rest of Asia Pacific Polyethylene Glycol Market
- 5.7.1Rest of Asia Pacific 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 1Asia Pacific Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 2Asia Pacific Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 3Asia Pacific Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 4Asia Pacific Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 5Asia Pacific Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 6Asia Pacific Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 7Asia Pacific Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 8Asia Pacific Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 9Asia Pacific Medical Market, By Country, 2019 - 2022, USD Million
TABLE 10Asia Pacific Medical Market, By Country, 2023 - 2030, USD Million
TABLE 11Asia Pacific Medical Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12Asia Pacific Medical Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13Asia Pacific Personal Care Market, By Country, 2019 - 2022, USD Million
TABLE 14Asia Pacific Personal Care Market, By Country, 2023 - 2030, USD Million
TABLE 15Asia Pacific Personal Care Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 16Asia Pacific Personal Care Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 17Asia Pacific Industrial Market, By Country, 2019 - 2022, USD Million
TABLE 18Asia Pacific Industrial Market, By Country, 2023 - 2030, USD Million
TABLE 19Asia Pacific Industrial Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 20Asia Pacific Industrial Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 21Asia Pacific Others Market, By Country, 2019 - 2022, USD Million
TABLE 22Asia Pacific Others Market, By Country, 2023 - 2030, USD Million
TABLE 23Asia Pacific Others Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24Asia Pacific Others Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25Asia Pacific Polyethylene Glycol Market, By Country, 2019 - 2022, USD Million
TABLE 26Asia Pacific Polyethylene Glycol Market, By Country, 2023 - 2030, USD Million
TABLE 27Asia Pacific Polyethylene Glycol Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28Asia Pacific Polyethylene Glycol Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29China Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 30China Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 31China Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 32China Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 33China Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 34China Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 35China Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 36China Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 37Japan Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 38Japan Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 39Japan Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 40Japan Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 41Japan Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 42Japan Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 43Japan Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 44Japan Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 45India Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 46India Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 47India Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 48India Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 49India Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 50India Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 51India Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 52India Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 53South Korea Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 54South Korea Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 55South Korea Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 56South Korea Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 57South Korea Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 58South Korea Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 59South Korea Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 60South Korea Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 61Singapore Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 62Singapore Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 63Singapore Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 64Singapore Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 65Singapore Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 66Singapore Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 67Singapore Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 68Singapore Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 69Malaysia Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 70Malaysia Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 71Malaysia Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 72Malaysia Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 73Malaysia Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 74Malaysia Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 75Malaysia Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 76Malaysia Polyethylene Glycol Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 77Rest of Asia Pacific Polyethylene Glycol Market, 2019 - 2022, USD Million
TABLE 78Rest of Asia Pacific Polyethylene Glycol Market, 2023 - 2030, USD Million
TABLE 79Rest of Asia Pacific Polyethylene Glycol Market, 2019 - 2022, Kilo Tonnes
TABLE 80Rest of Asia Pacific Polyethylene Glycol Market, 2023 - 2030, Kilo Tonnes
TABLE 81Rest of Asia Pacific Polyethylene Glycol Market, By Application, 2019 - 2022, USD Million
TABLE 82Rest of Asia Pacific Polyethylene Glycol Market, By Application, 2023 - 2030, USD Million
TABLE 83Rest of Asia Pacific Polyethylene Glycol Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 84Rest of Asia Pacific 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.

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