Europe Polyethylene Glycol Market - Industry Trends and Forecast to 2030
Europe polyethylene glycol market is expected to reach USD 1,667.17 million by 2030 from USD 1,037.48 million in 2022, growing at a CAGR of 6.2% during the forecast period of 2023 to 2030.
Market Segmentation
Europe Polyethylene Glycol Market, By Grade (PEG 200, PEG 300, PEG 400, PEG 600, PEG 1000, PEG 3350, PEG 4000, PEG 6000, PEG 8000, and Others), Form (Opaque Liquid, White Waxy Solid, Flakes, and Powder), Packaging Type (Plastic Bottles, Drums, Bags, and Cartons), Application (Healthcare, Building and Construction, Industrial, Cosmetics/Personal Care, and Others), Countries (Germany, U.K., Italy, Poland, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Denmark, Sweden, Norway, Finland, and the rest of Europe) - Industry Trends and Forecast to 2030
Overview of Europe Polyethylene Glycol Market Dynamics
Drivers
• Growing demand for medicines
• High demand for water-based paints
Restraints
• Viscosity instability issues in PEG
• High demand for substitutes
Opportunities
• Production of polyethylene glycol- 400 for eye drop applications
• Use of polyethylene glycol as an additive in paint & coatings
Market Players
Some of the major market players operating in the Europe polyethylene glycol market are:
• SABIC
• LOTTE Chemical Corporation
• INEOS
• Croda International Plc
• BASF SE
• Dow
• India Glycols Limited.
• Liaoning Kelong Fine Chemical Co., Ltd.
• Noah Chemicals
• GFS Chemicals, Inc.
• Hefei TNJ Chemical Industry Co., Ltd.
• CLARIANT
• Mitsui Chemicals, Inc.
• Dynalene, Inc.
• Saibaba Surfactants PVT LTD
• Carl Roth GmbH + Co. KG