What is Global Polyethylene Glycol Market?
The Global Polyethylene Glycol Market is a vast and dynamic sector that encompasses a wide range of products and applications. Polyethylene Glycol, often abbreviated as PEG, is a polyether compound that is widely used in a variety of industries due to its unique properties. It is a versatile product that is used in everything from pharmaceuticals to personal care products, and its market is continually expanding. In 2023, the global market for Polyethylene Glycol was valued at a substantial US$ 3187.6 million, and it is projected to grow even further in the coming years. The market is expected to reach an impressive US$ 3750.2 million by 2030, demonstrating a steady Compound Annual Growth Rate (CAGR) of 2.3% during the forecast period from 2024 to 2030.
Mw (＜1000), Mw (1000-10000), Mw (＞10000) in the Global Polyethylene Glycol Market:
The Global Polyethylene Glycol Market is segmented based on molecular weight (Mw), with categories including Mw (＜1000), Mw (1000-10000), and Mw (＞10000). Each of these segments has its own unique characteristics and applications, contributing to the overall diversity and versatility of the Polyethylene Glycol market. The Mw (＜1000) segment includes products with a molecular weight of less than 1000, which are typically used in applications that require lower viscosity and higher solubility. The Mw (1000-10000) segment includes products with a molecular weight between 1000 and 10000, which are often used in applications that require a balance of viscosity and solubility. Finally, the Mw (＞10000) segment includes products with a molecular weight of more than 10000, which are typically used in applications that require higher viscosity and lower solubility. Each of these segments plays a crucial role in the overall Polyethylene Glycol market, catering to a wide range of industrial and consumer needs.
Textile Industry, Daily Chemicals, Metal Processing Industry, Rubber Industry, Semiconductor Industry, Resin Industry, Paper Industry, Other in the Global Polyethylene Glycol Market:
Polyethylene Glycol is used in a wide range of industries, including the Textile Industry, Daily Chemicals, Metal Processing Industry, Rubber Industry, Semiconductor Industry, Resin Industry, Paper Industry, and others. In the Textile Industry, it is used as a softener and lubricant, helping to improve the texture and durability of fabrics. In the Daily Chemicals sector, it is used in a variety of products, including detergents, soaps, and personal care products. In the Metal Processing Industry, it is used as a grinding and polishing agent, helping to improve the finish and quality of metal products. In the Rubber Industry, it is used as a plasticizer and lubricant, helping to improve the flexibility and performance of rubber products. In the Semiconductor Industry, it is used in the production of electronic components, helping to improve their performance and reliability. In the Resin Industry, it is used as a plasticizer and stabilizer, helping to improve the properties and performance of resin products. In the Paper Industry, it is used as a wetting and dispersing agent, helping to improve the quality and performance of paper products.
Global Polyethylene Glycol Market Outlook:
The global Polyethylene Glycol market has shown a promising growth trajectory, with its value standing at US$ 3187.6 million in 2023. The market is projected to reach a value of US$ 3750.2 million by 2030, indicating a Compound Annual Growth Rate (CAGR) of 2.3% during the forecast period of 2024 to 2030. The Asia Pacific region has been a significant driver of the Polyethylene Glycol consumption, accounting for nearly 38.22% of the total consumption in 2019. In terms of revenue, the top three companies in the Polyethylene Glycol market are Dow Chemical, Ineos, and BASF. These companies collectively held a market share of 21.81% in 2025, indicating their significant influence in the market.
| Report Metric | Details |
| Report Name | Polyethylene Glycol Market |
| Accounted market size in 2023 | US$ 3187.6 million |
| Forecasted market size in 2030 | US$ 3750.2 million |
| CAGR | 2.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BASF, Dow, Croda Inc., Ineos, Liaoning Oxiranchem, Jiangsu Haian Petrochemical Plant, India Glycols, Kao, Blaunon, Sanyo Chemical, Lion Specialty Chemicals, SABIC |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
