Increasing growth of food industry and pharmaceutical in emerging economics fuel the growth of the macrogol/polyethylene glycol market.
Polyethylene Glycol (PEG) Market Size – USD 5667.81 Million in 2021, Growth - CAGR of 6.68%, Trends – Increasing use in Cancer therapy.
According to the current analysis of Reports and Data, the global Polyethylene Glycol (PEG) Market was valued at USD 5667.81 million in 2021 and is expected to reach USD 10,074.39 million by year 2030, at a CAGR of 6.68%. Macrogol have been shown to provide water solubility and biocompatibility in medicines and different applications, and the ability to attach a range of reactive functional groups to the terminal positions of these polymers has greatly increased their utility. For instance, Macrogol 400 is very hydrophilic, which renders it a useful ingredient in drug formulations to augment the solubility and bioavailability of weaakly water-soluble drugs.
The pharmaceutical industry is the emerging segment in this industry due to the fact of growing the manufacturing of eye drops and laxatives coupled with the increase of the pharmaceutical industry has improved the use of macrogol as a solvent which will force to increase the market growth in future. Besides, rising demand for water-based coatings and paints for utility in automobile and development industries has additionally elevated the demand for macrogol/polyethylene glycol. This will additionally have an on affect the market positively.
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Top Companies: BASF, Sigma Aldrich, DOW Chemical Company, Lotte Chemical, Ineos, Croda, Liaoning Oxiranchem, Jiangsu Haian Petrochemical Plant, Shanghai Bronkow Chemical, and Oxiteno
Further Key Finding from the Report Suggestion:
- The PEG-3350 segment is projected to increase at a CAGR of 5.8% during the forecast period. This grade is used for short-term relief of constipation as well as for long-term use in constipation of various causes, including in multiple sclerosis and Parkinson's disease patients (an oftenoverlooked non-motor symptom) as well as constipation caused by pharmaceutical drugs such as opioids and anticholinergics.
- Chronic constipation is a common disorder, affecting between 2-35% of the population, according to a recent report from European Review for Medical and Pharmacological Sciences. It is characterized by dry feces and infrequent excretions from the body. Macrogol improves stool frequency and consistency, thus making it a suitable drug to treat chronic constipation.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global Polyethylene Glycol (PEG) Market is segmented into:
Type (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- PEG 200
- PEG 400
- PEG 3350
- PEG 4000
- PEG 6000
- PEG 8000
- Others
Administration Route (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Oral
- Nasogastric
- Ophthalmic
- Topical
Usage (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Excipient
- API
End Use (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Pharmaceutical Uses
- Veterinary Health
- Biotechnology
- Biomedical
- Other end uses
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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