Polyalkylene Glycols

Polyalkylene Glycols

Global Polyalkylene Glycols Market to Reach US$5.4 Billion by 2030

The global market for Polyalkylene Glycols estimated at US$2.7 Billion in the year 2023, is expected to reach US$5.4 Billion by 2030, growing at a CAGR of 10.2% over the analysis period 2023-2030. Polyurethane Foams Application, one of the segments analyzed in the report, is expected to record a 11.3% CAGR and reach US$1.7 Billion by the end of the analysis period. Growth in the Lubricants Application segment is estimated at 11.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$495.4 Million While China is Forecast to Grow at 11.6% CAGR

The Polyalkylene Glycols market in the U.S. is estimated at US$495.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.0 Billion by the year 2030 trailing a CAGR of 11.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.7% and 8.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.

Global Polyalkylene Glycols Market - Key Trends & Drivers Summarized

Polyalkylene glycols (PAGs) are a versatile group of polymers with unique properties, making them valuable in various industrial applications. These compounds are synthesized through the polymerization of ethylene oxide, propylene oxide, or a combination of both, resulting in either polyethylene glycol (PEG), polypropylene glycol (PPG), or copolymers. PAGs exhibit excellent lubrication characteristics, high thermal stability, and resistance to oxidation and degradation, which make them ideal for use in high-performance lubricants and hydraulic fluids. Additionally, they are known for their water solubility and biocompatibility, which expand their utility in pharmaceuticals, personal care products, and food processing.

In the industrial sector, polyalkylene glycols are widely used as base fluids for synthetic lubricants, particularly in applications requiring high thermal and oxidative stability, such as compressors, gears, and bearings. Their unique properties also make them suitable for use in hydraulic fluids, metalworking fluids, and as anti-foaming agents in various processes. In the pharmaceutical and personal care industries, PEGs serve as solvents, emulsifiers, and moisture carriers in formulations like ointments, creams, and toothpaste. Furthermore, their use in food processing is notable, where they act as humectants, stabilizers, and thickening agents, ensuring product quality and safety.

The growth in the polyalkylene glycols market is driven by several factors. The increasing demand for high-performance lubricants and hydraulic fluids in industrial applications is a primary driver, as PAGs provide superior lubrication and stability under extreme conditions. Technological advancements in polymer chemistry have led to the development of tailored PAGs with specific properties for specialized applications, enhancing their market appeal. The rising emphasis on sustainable and environmentally friendly products has also boosted the demand for PAGs, given their biodegradability and lower environmental impact compared to conventional lubricants. Additionally, the expanding pharmaceutical and personal care sectors are driving the use of PEGs in various formulations. The ongoing research and development in enhancing the performance characteristics of PAGs further underline the market`s dynamic growth trajectory.

Select Competitors (Total 75 Featured) -

• BASF SE
• Dow Inc.
• DuPont de Nemours, Inc.
• Akzo Nobel NV
• Evonik Industries AG
• Arkema, Inc.
• Exxon Mobil Corporation
• Covestro AG
• Emery Oleochemicals Group
• Alfa Aesar
• Avatar Corporation
• Clariant AG
• Central Drug House (P) Ltd.
• Acuro Organics Limited
• Celares GmbH

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.