PUBLISHER: Lucintel | PRODUCT CODE: 1417476
PUBLISHER: Lucintel | PRODUCT CODE: 1417476
Polyethylene Glycol Trends and Forecast
The future of the global polyethylene glycol market looks promising with opportunities in the medical, construction & infrastructure, industrial, and personal care markets. The global polyethylene glycol market is expected to reach an estimated $7.2 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are increasing significance of a material's wear resistance, solubility in organic solvents, and non-toxicity, growing use of water-based coatings, paints, and inks in the construction and automotive industry, as well as, rising demand for skincare and cosmetic products among consumers.
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Polyethylene Glycol by Segment
The study includes a forecast for the global polyethylene glycol by grade, form, application, and region.
List of Polyethylene Glycol Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polyethylene glycol companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polyethylene glycol companies profiled in this report include-
Polyethylene Glycol Market Insights
Lucintel forecasts that opaque liquid will remain the largest segment over the forecast period due to significant use of polyethylene glycol as an excipient and releasing agent in the pharmaceutical sector for capsules.
APAC will remain the largest region over the forecast period due to industrial growth of the pharmaceutical, automotive, and construction sectors in India and China.
Features of the Global Polyethylene Glycol Market
Market Size Estimates: Polyethylene glycol market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Polyethylene glycol market size by grade, form, application, and region in terms of value ($B).
Regional Analysis: Polyethylene glycol market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different grade, form, application, and regions for the polyethylene glycol market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the polyethylene glycol market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the polyethylene glycol market size?
Answer: The global polyethylene glycol market is expected to reach an estimated $7.2 billion by 2030.
Q2. What is the growth forecast for polyethylene glycol market?
Answer: The global polyethylene glycol market is expected to grow with a CAGR of 6.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the polyethylene glycol market?
Answer: The major drivers for this market are increasing significance of a material's wear resistance, solubility in organic solvents, and non-toxicity, growing use of water-based coatings, paints, and inks in the construction and automotive industry, as well as, rising demand for skincare and cosmetic products among consumers.
Q4. What are the major segments for polyethylene glycol market?
Answer: The future of the global polyethylene glycol market looks promising with opportunities in the medical, construction & infrastructure, industrial, and personal care markets.
Q5. Who are the key polyethylene glycol market companies?
Answer: Some of the key polyethylene glycol companies are as follows.
Q6. Which polyethylene glycol market segment will be the largest in future?
Answer: Lucintel forecasts that opaque liquid will remain the largest segment over the forecast period due to significant use of polyethylene glycol as an excipient and releasing agent in the pharmaceutical sector for capsules.
Q7. In polyethylene glycol market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to industrial growth of the pharmaceutical, automotive, and construction sectors in India and China.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.