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Polyethylene Glycol Market Share

Report ID: GMI4670
Published Date: Jun 2021
Report Format: PDF

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Polyethylene Glycol Market Share

Key players operating in the polyethylene glycol industry are focusing on production capacity expansion. The market is witnessing a double-digit CAGR owing to strong and growing product demand from end-user industries. In October 2018, The Dow Chemical Company expanded the production capacity of Polyethylene Glycols (PEGs) in its U.S. plant. The capacity expansion enabled the company to meet rising demands for PEG products in various forms. Similarly, BASF SE expanded its ethylene oxide and ethylene oxide derivatives production capacities in its Belgium plant. Capacity expansion will help established players gain market share and a competitive advantage over other players.

Some of the players in Polyethylene Glycol Market are:

BASF SE
Dow Chemicals
Croda International
Ineous
India Glycols
Liaoning Oxiranchem
Jiangsu Haian Petrochemical Plant
Clariant
Huntsman Corporation
AkzoNobel N.V.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The industry share of polyethylene glycol surpassed USD 4.06 billion in 2020 and is likely to rise at a 9.6% CAGR up to 2027.

Plastics applications of polyethylene glycol are pegged to record close to USD 565 million in revenue share by 2027 owing to increasing requirements across various end-use industries.

The polyethylene glycol industry size in the Asia Pacific is expected to hit a CAGR of 11.1% through 2027 due to the prominent presence of a host of end-user industries and a large consumer base in the region.

The COVID-19 crisis significantly impacted the demand for polyethylene glycol owing to the economic downturn which forced end-user industries to reduce their operating rates.