Global Polyalkylene Glycols Market is projected to grow at CAGR of 9.3%.
From GlobeNewswire: 2025-02-11 06:00:00
The global Polyalkylene Glycols Market reached a valuation of US$ 2,738.4 million in 2024 and is projected to grow at a CAGR of 9.3% from 2024 to 2034. These synthetic polymers have a wide range of uses in various industries due to their unique properties.
Increasing interest in polyalkylene glycols for personal care and medical purposes has led to steady market growth. These compounds are in high demand across industries like pharmaceuticals, automotive, construction materials, and personal care due to their potential to enhance production efficiency, product quality, and environmental friendliness.
The global polyalkylene glycols market is expected to grow at a CAGR of 9.3% and reach US$ 6,691.3 million by 2034. East Asia is estimated to hold a market share of 27.4% in 2034, with key players like Shell USA, Inc., and DOW Chemical Company driving market innovation.
Polyalkylene glycols are increasingly used in industries like cosmetics, pharmaceuticals, and food processing, in addition to traditional applications. Leading market players include BASF SE, Dow Chemical Company, ExxonMobil, and Royal Dutch Shell plc, among others.
The growing demand for polyalkylene glycols in various industries like lubricants, personal care products, and pharmaceuticals is a key driver for market growth. Ongoing research and development efforts are focused on creating advanced PAGs with improved performance characteristics to meet industry needs.
Clariant expanded its Care Chemicals facility in China to better serve clients in different sectors like domestic, industrial, personal care, and health. Dow announced capacity expansions in new silicones, propylene glycol, and specialty materials to meet the demand for green solutions in various industries.
Fact.MR provides valuable insights on the global polyalkylene glycols market, offering historical data from 2019 to 2023 and forecast statistics from 2024 to 2034. The study covers various types, solubility, applications, and regions to provide a comprehensive analysis of the market.
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