300 – Tables
50 – Figures
250 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=83158233
The PEG market is driven by increasing demand in various end-use industries like pharmaceutical and personal care. PEG is widely used as solvent, stabilizer, and binder for drug formulations to enhance the solubility and bioavailability of drugs. Moreover, the increasing awareness of product efficacy and safety in cosmetics and skincare products has led to rise in the demand for PEG in personal care industry. The regions with strong industrial base such as North America, the ongoing research and development has helped to increase the use of PEG in products like coatings, lubricants, and other industrial applications. Additionally, the government policies supporting industrial growth contribute to the market growth.
"Pharmaceutical Industry account the largest share in PEG market."
PEG is widely used as excipient in pharmaceutical industry for drug formulations and drug delivery systems. PEG helps to improve the solubility and stability of active pharmaceutical ingredients which is important in manufacturing of various drugs. In drug delivery systems PEG can enhance the controlled release of medications and reduce the toxicity which is vital for efficient treatment. PEG is also used as a solvent, plasticizer, and binder for manufacturing of tablets, ointments, and capsules. Moreover, its application in ointments, topical creams and laxatives further expand its utility in pharmaceutical industry. Additionally, the widespread growing of chronic diseases such as diabetes and cancer has led to rise in the demand of PEG for drug formulations and delivery systems.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=83158233
"White wax solid is the fastest growing form of PEG during the forecast period, in terms of value."
White wax solid is the fastest growing form of PEG due to its properties and versatile applications across different industries. This form of PEG is easy to handle particularly in applications that require controlled melting and uniform texture. The white wax solid PEG is used for pharmaceutical applications for producing ointments, creams, and topical formulations. Its ability to stay in solid forms at room temperature makes it ideal for applications which require long shelf life. The moisturizing and binding properties of white wax solid make it especially useful in cosmetics & personal care industry in manufacturing of lotions, creams, and lip balms. Additionally, it is preferred for industrial applications its lubricating and anti-static properties in coatings and plastic processing. Collectively, all these factors drive the market growth for white wax solid form of PEG making it the fastest growing form.
"Asia Pacific is projected to be the fastest growing region of PEG, in terms of value, during the forecast period."
The Asia Pacific region has rapidly growing pharmaceutical and healthcare industries especially in countries like India and China which drive the market for PEG in drug formulations and delivery systems. With rising consumer awareness and disposable income, there is an increase in the usage of PEG in skin care and beauty products. Additionally, significant investments in healthcare infrastructure and personal care industry further enhance PEG applications, while the government policies support the industrial growth to the region's rapid market expansion. The ongoing expansions of end use industries along with growing awareness of PEG's advantages position Asia Pacific as a fastest growing region for PEG market.
Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=83158233
Mergers, new product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the PEG market include 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)
Browse Adjacent Market: Bulk Chemicals and Inorganics Market Research Reports & Consulting
Related Reports:
Ethylene Oxide and Ethylene Glycol Market - Global Forecast to 2029
1,4-Butanediol Market - Global Forecast to 2029
Industrial Lubricants Market - Global Forecast to 2029
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/polyethylene-glycol-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/polyethylene-glycol.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
Share this article