Global Activated Polyethylene Glycol (PEG) Market Size By Type (Linear PEGs, Branched PEGs), By Application (Pharmaceutical Intermediates, Medical Devices), By Geographic Scope And Forecast

Activated Polyethylene Glycol (PEG) Market Size And Forecast

Activated Polyethylene Glycol (PEG) Market size was valued at USD 231 Million in 2024 and is projected to reach USD 937.11 Million by 2031, growing at a CAGR of 26.5% from 2024 to 2031.

Owing to rapid growth in the pharmaceutical and chemical industries, the demand for PEG is increasing. These are the main factors responsible for increasing the growth rate of the Activated Polyethylene Glycol (PEG) Market. The Global Activated Polyethylene Glycol (PEG) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Activated Polyethylene Glycol (PEG) Market Definition

Polyethylene glycol (PEG) is basically a polyether compound with the structural formula H-(O-CH2-CH2)n-OH. It is prepared by the reaction of ethylene oxide and water under pressure in the presence of a catalyst. Polyethylene glycol is available in three different forms depending on molecular weight. These are PEG which is miscible in all other grades of PEG in various proportions. The PEG which is available in liquid form is soluble in acetone, alcohols, benzene, glycerin, and glycols.

Solid PEGs are soluble in acetone, dichloromethane, ethanol (95%), and methanol. They are also soluble in aliphatic hydrocarbons and ether. But they are insoluble in fats, fixed oils, and mineral oil. PEG is biologically inert, non-toxic, non-immunogenic, hydrophilic (water-soluble), and highly flexible. PEG is useful in many applications such as Pharmaceutical, Medical, commercial, industrial and biological. PEG is used in tablet formulations to enhance the effectiveness of binders and impart plasticity to granules by combining them with another binder.

It is used as a lubricant. It is used as a plasticizer in coating formulations. PEG in solid forms is used to improve the ductility of the coating and to prevent the rupture of the coating. It is also used to improve the solubility of drugs with poor solubility by solid dispersion of appropriate polyethylene grade. PEG is useful in preparing urethane hydrogels, which are used as controlled-release agents. PEG is also useful in commercial applications such as an anti-foaming agent in food, in many skin creams, and in toothpaste as a dispersant.

Global Activated Polyethylene Glycol (PEG) Market Overview

The pharmaceutical and chemical industries are booming, and that means the demand for PEG is really taking off! You could say that's what's fueling the growth of the Activated Polyethylene Glycol (PEG) Market. And let's not forget the huge advances in biotechnology and molecular biology over the last 20 years. They've given us a ton more biological products – proteins, peptides, hormones, and enzymes – that are used in medicine. All this increased demand has pushed global sales up from 1401.7 Kg in 2012 to 1477.2 Kg in 2017, which is about a 1.05% increase each year. Looking ahead, we expect this demand to keep climbing. We're predicting global consumption will hit 1585.1 Kg by 2023.

Hey, so it looks like the Activated Polyethylene Glycol (PEG) Market is set to grow! Why? Well, those water-based coatings, paints, and inks are getting super popular in construction and the automotive industry, which really boosts PEG demand. Plus, PEG is a color stabilizer for paper and ceramics. And guess what? Paper production is booming in China and India, which means even more PEG needed! On top of that, all the cool tech advancements in hydraulic fracturing (think shale gas and tight oil) mean more petrochemicals available for making PEG. Basically, all these factors are coming together to create some exciting new opportunities in the market.

Acme-Hardesty developed bio-based PEG produced from sugarcane which is expected to be utilized as a sustainable solution and would open new opportunities for PEG over the forecast period. However, health and environmental hazards associated with the addition of PEG to personal care products are expected to hamper market growth. PEG is used in commercial applications such as anti-foaming agents in food, in many skin creams, and in toothpaste as a dispersant.

Global Activated Polyethylene Glycol (PEG) Market Segmentation Analysis

The Global Activated Polyethylene Glycol (PEG) Market is segmented on the basis of Type, Application, And Geography.

Activated Polyethylene Glycol (PEG) Market, By Type

• Linear PEGs
• Branched PEGs
• Multi-arm PEGs
• Others

Based on Type, The market is bifurcated into Linear PEGs, Branched PEGs, Multi-arm PEGs, And Others. The Multi-arm PEGs segment is expected to inflate the market growth.

Activated Polyethylene Glycol (PEG) Market, By Application

• Pharmaceutical Intermediates
• Medical Devices

Based on Application, The market is bifurcated into Pharmaceutical Intermediates and Medical Devices. Medical Devices are anticipated to become the fastest-growing market in the forecast duration where PEG is used as dispersing agents, solvents, delivery liquids for medications, ointments, fillers for tablets & suppository bases in ophthalmic solutions, and treating constipation.

Activated Polyethylene Glycol (PEG) Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis of Regional Analysis, The Global Activated Polyethylene Glycol (PEG) Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific is expected to be one of the largest markets for PEG on account of the industrial growth of the pharmaceutical, automotive, and construction sectors in India and China.

Key Players

The “Global Activated Polyethylene Glycol (PEG) Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are NOF, JenKem Technology, Laysan Bio, Merck, and Creative PEGWorks.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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