Macrogol/Polyethylene Glycol (PEG) Market Opportunities and Future Growth Analysis Report 2030

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Reports and data

Growing growth of food and pharmaceutical industry in emerging economies is fueling macrogol/polyethylene glycol market growth

NEW YORK CITY, NY, USA, May 9, 2022 /EINPresswire.com/ — The global macrogol/polyethylene glycol (PEG) market was valued at USD 5,667.81 million in 2021 and is expected to reach USD 10,074.39 million USD by 2030, at a CAGR of 6.68%, based on current reports and data analysis. Macrogol has been shown to provide water solubility and biocompatibility in drugs 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 usefulness. For example, macrogol 400 is very hydrophilic, making it a useful ingredient in drug formulations to increase the solubility and bioavailability of poorly water-soluble drugs.

The pharmaceutical industry is the emerging segment of this industry due to the growth in the manufacture of eye drops and laxatives coupled with the increase in the pharmaceutical industry has improved the use of macrogol as a solvent, which will force to increase the market growth in the future. Additionally, the growing demand for water-based coatings and paints for the automotive and development industries has also increased the demand for macrogol/polyethylene glycol. This will also have a positive effect on the market.

However, the presence of alternatives, for monoethylene glycol (MEG) and a range of different glycol ethers, will pose a credible risk to the polyethylene glycol industry and negatively affect its future. Stringent environmental protocols associated with the manufacturing of private and medical care products may further hamper the boom of the polyethylene glycol market.

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The main participants are – BASF, Sigma Aldrich, DOW Chemical Company, Lotte Chemical, Ineos, Croda, Liaoning Oxiranchem, Jiangsu Haian Petrochemical Plant, Shanghai Bronkow Chemical and Oxiteno. BASF is a key player in the macrogol/polyethylene glycol (PEG) market. With a global presence in North America, Europe, Asia-Pacific, South America, Africa and the Middle East, the company offers macrogols under the name “Kollisolv”. In 2018, the company’s total revenue was $73.9 billion.

Macrogol / Polyethylene Glycol (PEG) Industry Overview

The global revenue growth of the Materials and Chemicals industry can be mainly attributed to the growing demand for essential consumer goods including soaps, detergents and beauty and personal care products worldwide, to the growing preference for sustainable and environmentally friendly raw materials and the increasing use of chemicals and advanced products. raw materials in sectors such as agriculture, food and beverage, building and construction, automotive, packaging and manufacturing industries. Other major factors driving the growth of this industry are increasing levels of pollution, increased environmental awareness, increasing use of chemicals and technologically advanced materials, and increasing demand for materials. organic.

Other key findings from the report suggest

The PEG-3350 segment is expected to grow at a CAGR of 5.8% during the forecast period. This grade is used for the short-term relief of constipation as well as long-term use in constipation from a variety of causes, including patients with multiple sclerosis and Parkinson’s disease (a non-motor symptom often neglected) as well as constipation caused by medication. medications such as opioids and anticholinergics.

Chronic constipation is a common disorder, affecting between 2 and 35% of the population, according to a recent report by the European Journal of Medical and Pharmacological Sciences. It is characterized by dry feces and infrequent excretions from the body. Macrogol improves the frequency and consistency of stools, making it an appropriate drug for treating chronic constipation.

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Contents

Chapter 1. Market Summary

1.1. Definition of Macrogol/Polyethylene Glycol (PEG)

1.2. Scope and premise of the research

1.3. Research Methodology

1.3.1. Secondary research model

1.3.2. Primary research model

1.4. Market estimate

1.4.1. An in-depth approach

1.4.2. Top-down approach

1.4.3. Data triangulation

1.5. Assumptions and limits

Chapter 2. Executive Summary

2.1. Summary

Chapter 3. Covid-19 Impact Analysis

3.1. Market scenario: supply and demand outlook

3.1.1. Market scenario: supply and demand outlook

3.1.2. Shutdown of factories

3.1.3. Impact of global trade

3.1.4. Supply chain stabilization

3.2. Reports and data analysis

3.2.1. Future strategies needed to combat the current situation

Chapter 4. Market Segmentation and Impact Analysis

4.1. Segmentation analysis

4.2. Industry outlook

4.2.1. Analysis of market indicators

4.2.2. Market Driver Analysis

4.2.2.1. Increase in applications in the pharmaceutical sector

4.2.2.2. Growing Application in Tissue Engineering Industry

4.2.2.3. Use in the treatment of cancer

Continued…

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For the purposes of this report, Reports and Data has segmented the global macrogol/polyethylene glycol market on the basis of type, technology type, end-use, and region:

Type (Volume, Metric Tons; 2019-2030 & Revenue, USD Million; 2019-2030)

PEG 200

PEG 400

PEG 3350

PEG 4000

PEG 6000

PEG 8000

Others

Administrative Route (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

Oral

Nasogastric

Ophthalmic

Topical

Utilization (Volume, Metric Tons; 2019-2030 & Revenue, USD Million; 2019-2030)

Carrier

APIs

End Use (Volume, Metric Tons; 2019-2030 & Revenue, USD Million; 2019-2030)

Pharmaceutical uses

Veterinary health

Biotechnology

Biomedical

Other end uses

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Regional Outlook (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

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