Polyethylene Glycol Market

The polyethylene glycol market is expected to grow at a CAGR of 6.2% to reach USD 5.31 billion by 2029 from USD 3.94 billion in 2024. The market growth is driven by various factors, including the significant demand from pharmaceutical and personal care industry.

The key global players in the PEG market, such BASF (Germany), Dow (US), Clariant (Switzerland), Lotte Chemical Corporation (South Korea), Sanyo Chemicals Industries Ltd (Japan), Sabic (Saudi Arabia), Kao Corporation (Japan), Croda International Plc (UK), Indian Glycols Limited (India), INEOS (India), Merck KGaA (Germany), Indorama Ventures Public Company Limited (Thailand) and NOF Corporation (Japan) have a strong foothold in their respective regions and are exploring geographic diversification options to expand their businesses. They are focusing on increasing their market shares through new product launches, mergers and expansions.

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BASF

BASF is a leading manufacturer of chemicals globally. The company operates its business through six major business units namely, Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The company provides PEG through its pharma division which is specialized in manufacturing Active Pharmaceutical Ingredients (APIs) and excipients for enhancing drug formulations. The company has strong experience in chemical manufacturing allowing it to produce PEG with consistent quality and consistency. The company is strengthening its supply chain by expanding its production facilities across different regions.

Dow

Dow is one of the leading global manufacturers of chemicals. The company provides a wide range of products and solutions in sectors such as packaging, infrastructure, consumer care, and electronics. It operates majorly through three business segments namely, Performance Materials & Coatings, Industrial Intermediates & Infrastructure and Packaging & Specialty Plastics. The company has strong brand reputation in the market due to its compliance with regulatory standards meeting safety requirements. The company is expanding its global presence by launching sustainable products across different regions. The company is globally present in the markets of North America, Europe, the Middle East, Africa, India, Asia Pacific, and Latin America regions.

Clariant

Clariant is a leading manufacturers of specialty chemicals. It operates primarily through three business segments. Clariant has extensive presence in global market along with production facilities located in Europe, North America, South America, China, and Indian regions. The company focuses of sustainable PEG products making it suitable for environmentally conscious consumers and businesses. Clariant has strengthened its presence in market with the help of product distribution agreement with Azelis for various pharmaceutical products.

Lotte Chemical Corporation

Lotte Chemical Corporation is a leading manufacturer of chemicals globally. The company manufactures a wide range of products, including polymers, specialty chemicals, and synthetic resins, used in various industries such as automotive, construction, and electronics. It operates through four major business segments namely, Basic Chemicals, Advanced Materials, Fine Chemicals and Battery Materials. It offers PEG through its Basic Chemicals business segment. The company has extensive production facilities along with advanced manufacturing technologies. It aligns with key global partners to for a reliable supply of raw materials and to diversify its product portfolio, catering to various industries such as pharmaceuticals, personal care, and industrial applications.

Related Reports:

Polyethylene Glycol Market by Grade, Form (Liquid, White wax, Flake/Powder), Package Size (Drums, Bulk Container, Glass Bottles), End-Use Industry (Pharmaceutical, Cosmetics & Personal care, Food & Beverage, Industrial) & Region - Global Forecast to 2029

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