Polyethylene Glycol Market

Polyethylene Glycol Companies: BASF (Germany) and Dow (US) are Leading Players in the Polyethylene Glycol Market

The polyethylene glycol market is expected to grow at a CAGR of 6.2% to reach USD 5.31 billion by 2029 from USD 3.94 billion in 2024. The market growth is driven by various factors, including the significant demand from pharmaceutical and personal care industry. The key global players in the PEG market, such 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) have a strong foothold in their respective regions and are exploring geographic diversification options to expand their businesses. They are focusing on increasing their market shares through new product launches, mergers and expansions.

Polyethylene Glycol Companies

The key global players in the PEG market, such 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) have a strong foothold in their respective regions and are exploring geographic diversification options to expand their businesses. They are focusing on increasing their market shares through new product launches, mergers and expansions.

To know about the assumptions considered for the study download the pdf brochure

BASF

BASF is a leading manufacturer of chemicals globally. The company operates its business through seven business segments namely, Chemicals, Industrial Solutions, Nutrition & Care, Materials, Surface Technologies, Agricultural Solutions, and Others. The company sells PEG under Nutrition & Care business segment. The Nutrition & Care is further divided into Care Chemicals, Nutrition & Health Care businesses. The sub-segment Nutrition & Health of the company offers products under Pharma Solutions, Nutrition, and Aroma Ingredients. It provides PEG through its pharma solutions, which specializes in the production of high-quality active pharmaceutical ingredients (APIs) and excipients designed to enhance drug formulations. The company has strong experience in chemical manufacturing allowing it to produce PEG with consistent quality and consistency. The company is strengthening its supply chain by expanding its production facilities across different regions.

Dow

Dow is one of the leading global manufacturers of chemicals. The company provides a wide range of products and solutions in sectors such as packaging, infrastructure, consumer care, and electronics. It operates majorly through three business segments namely, Performance Materials & Coatings, Industrial Intermediates & Infrastructure and Packaging & Specialty Plastics. The Industrial Intermediates & Infrastructure is broken down into two businesses - Industrial Solutions and Polyurethanes & Construction Chemicals. It offers PEG through Industrial Solutions sub-segment under CARBOWAX SENTRY brand name. The company runs 98 manufacturing plants spread across 31 countries in North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.The company has strong brand reputation in the market due to its compliance with regulatory standards meeting safety requirements. The company is expanding its global presence by launching sustainable products across different regions.

Clariant

Clariant is a leading manufacturers of specialty chemicals. It operates its business through three business units, namely, Catalysts, Care Chemicals, and Adsorbents & Additives segments. Clariant has extensive presence in global market along with production facilities located in Europe, North America, South America, China, and Indian regions. The company focuses of sustainable PEG products making it suitable for environmentally conscious consumers and businesses. Clariant has strengthened its presence in market with the help of product distribution agreement with Azelis for various pharmaceutical products. It has 68 production facilities across 24 countries.

Lotte Chemical Corporation

Lotte Chemical Corporation is a leading manufacturer of chemicals globally. It is a part of LOTTE Group. The company manufactures a wide range of products used in various industries such as construction, automotive, and electronics, including specialty chemicals, polymers, and synthetic resins. The company operates through four business segments: Basic Chemicals, Fine Chemicals, Advanced Materials, and Battery Materials. PEG is sold by the company through its segment of Basic Chemicals. The company operates its main petrochemical production facilities in Yeosu, Daesan and Ulsan in South Korea. LOTTE Chemical CORPORATION has expanded its presence worldwide with locations in the US, China, Japan, and Turkey, distributing products to more than 120 countries. The company holds extensive production facilities and advanced manufacturing technologies. It shares key global alliances to ensure supply of raw materials and to make diversified its product portfolio, catering to various industries, such as pharmaceuticals, personal care, and industrial applications. It has 15 manufacturing facilities, and 6 sales corporation located across the world.

Related Reports:

Polyethylene Glycol Market by Grade, Form (Liquid, White wax, Flake/Powder), Package Size (Drums, Bulk Container, Glass Bottles), End-Use Industry (Pharmaceutical, Cosmetics & Personal care, Food & Beverage, Industrial) & Region - Global Forecast to 2029

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
[email protected]

Polyethylene Glycol Market Size,  Share & Growth Report
Report Code
CH 9189
RI Published ON
10/8/2024
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2025 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status