Polyethylene glycols (PEGs) can be rendered reactive by replacing the terminal hydroxyl group with various functional groups, including thiols, carboxyl groups, N-hydroxysuccinimide esters, azides, or reactive alkyne groups. This modification initiates crosslink formation, making conjugation chemistry a pivotal aspect of PEG synthesis. Depending on the specific functional group attached, different conditions and methods are employed. Acrylate-terminated PEGs, for instance, exhibit rapid reactivity under mild reaction conditions. These colorless, low-toxicity, non-irritating compounds boast exceptional biocompatibility.
According to Data Bridge Market Research, the Polyethylene Glycol Market is expected to reach USD 8,025.05 million by 2030. The market is expected to grow with a CAGR of 6.4% in the forecast period of 2023 to 2030.
“Production of polyethylene glycol- 400 for eye drop applications”
Polyethylene glycol-400, a transparent and colorless liquid primarily sourced from petroleum, shares similar properties with standard petroleum polyethylene glycol. These eye drops have a shelf life of one year when stored in a cool and well-ventilated area. Polyethylene glycol-400 has a low molecular weight and is less toxic. Its high hydrophilicity makes it valuable in pharmaceutical formulations, particularly as an ophthalmic solution. This solution is commonly employed to alleviate symptoms such as eye burning, discomfort, or dryness.
What restraints the growth of polyethylene glycol market?
“Viscosity stability issues in PEG”
Polyethylene glycol (PEG) is a widely utilized compound in the formulation of pharmaceutical products, spanning various types of preparations such as parental, topical, oral, rectal, and ophthalmic disorders. Liquid PEGs find application as water-soluble solvents in soft gelatin capsules. It is witnessed that the adsorption of moisture by PEG from the gelatin may occasionally result in the hardening of the capsule shell, which can potentially impact the patient's well-being and hinder the market’s growth.
Segmentation: Global Polyethylene Glycol Market
The polyethylene glycols market is segmented on the basis of grade, form, packaging size and application.
- On the basis of grade, the polyethylene glycol market is segmented into PEG 200, PEG 300, PEG 400, PEG 600, PEG 1000, PEG 3350, PEG 4000, PEG 6000, PEG 8000, PEG 10000, and PEG 20000.
- On the basis of form, the polyethylene glycol market is segmented into opaque liquid, white waxy solid, and flakes/ powder.
- On the basis of packaging size, the polyethylene glycol market is segmented into plastic bottles and drums.
- On the basis of application, the polyethylene glycol market is segmented into healthcare, building and construction, industrial, cosmetics/personal care, and others.
Regional Insights: Asia Pacific is expected to dominates the Polyethylene Glycol Market
Asia-Pacific is expected to dominate the global polyethylene glycol market in terms of market share and revenue. It is estimated to maintain its dominance during the forecast period due to strong market players and high demand for Asia-Pacific products in the global region.
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Recent Developments
- In May 2022, EA Pharma Co., Ltd. announced the launch of MOVICOL® HD, A new dosage form added to polyethylene glycol chronic constipation treatment for the first time in Japan. The MOVICOL HD is a high dose formulation of existing "MOVICOL LD", the first polyethylene glycol indicated for the treatment of chronic constipation.
- In October 2021, Camber consumer care introduced 4 new over-the-counter items, including Polyethylene Glycol Powder. The company now provides generic OTC medications in a range of strengths and dosages for allergy, pain, and gastrointestinal relief, benefiting a wide range of patients.
The Prominent Key Players Operating in the Polyethylene Glycol Market Include:
- SABIC (Saudi Arabia)
- Dow (U.S.)
- BASF SE (Germany)
- Merck KGaA (Germany)
- INEOS (U.K.)
- Croda International Plc (U.K.)
- Clariant (Switzerland)
- India Glycols Limited (India)
- Pro Chem, Inc. (U.S.)
- GFS Chemicals, Inc (U.S.)
- Liaoning Oxiranchem Inc. (China)
- Liaoning Kelong Fine Chemical Co., Ltd. (China)
- LOTTE Chemical Corporation (South Korea)
- Hefei TNJ Chemical Industry Co., Ltd. (China)
- Noah Chemicals (U.S.)
- Mil-Spec Industries Corporation (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of polyethylene glycol market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Polyethylene Glycol Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
