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Polyalkylene Glycols - Global Strategic Business Report

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    Report

  • 453 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5141232

Global Polyalkylene Glycols Market to Reach $5.2 Billion by 2030

The global market for Polyalkylene Glycols estimated at US$2.4 Billion in the year 2022, is projected to reach a revised size of US$5.2 Billion by 2030, growing at a CAGR of 10.2% over the analysis period 2022-2030. Polypropylene Glycol, one of the segments analyzed in the report, is projected to record 10.8% CAGR and reach US$3.2 Billion by the end of the analysis period. Growth in the Polyethylene Glycol segment is estimated at 9.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $454.3 Million, While China is Forecast to Grow at 11.6% CAGR

The Polyalkylene Glycols market in the U.S. is estimated at US$454.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 11.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 8.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.8% CAGR.

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

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Polyalkylene Glycols Market

What is the estimated value of the Polyalkylene Glycols Market?

The Polyalkylene Glycols Market was estimated to be valued at $2.4 Billion in 2022.

What is the growth rate of the Polyalkylene Glycols Market?

The growth rate of the Polyalkylene Glycols Market is 10.1%, with an estimated value of $5.2 Billion by 2030.

What is the forecasted size of the Polyalkylene Glycols Market?

The Polyalkylene Glycols Market is estimated to be worth $5.2 Billion by 2030.

Who are the key companies in the Polyalkylene Glycols Market?

Key companies in the Polyalkylene Glycols Market include BASF SE, Dow Inc., DuPont de Nemours, Inc., Akzo Nobel NV, Evonik Industries AG, Arkema, Inc., Exxon Mobil Corporation, Covestro AG, Emery Oleochemicals Group and Alfa Aesar.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Year 2021 in Review and Near-term Outlook
  • Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023
  • COVID-19 Pandemic Impact on Polyalkylene Glycols Market
  • An Introduction to Polyalkylene Glycol
  • Polyethylene Glycol
  • Polypropylene Glycol
  • Global Propylene Glycol Capacity Breakdown (in %) by Region for 2022E
  • Global Market Prospects & Outlook
  • Polyethylene Glycol Leads the Global Market
  • Lubricants: A High Growth Application
  • Asia-Pacific Spearheads Market Growth
  • Competition
  • Polyalkylene Glycols - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Surging Demand for Polyurethane Foam to Boost PAG Consumption
  • Global Polyurethane Foams Market by End-Use Application (2022E)
  • Rising Consumption of Synthetic Lubricants Augurs Well for the Market
  • Global Synthetic Lubricants Market Breakdown of Revenue (in %) by Product for 2022 (E)
  • Global Synthetic Lubricant Base Stock Consumption Breakdown by Region/Country (in %) for 2022 (E)
  • COVID-19 Impact on Lubricants Industry and Effect on Lubricant Basestocks Market
  • Auto Industry Demand for Lubricants Supports Market Growth
  • World Automobile Production in Million Units: 2008-2022
  • How the Automotive Industry was Impacted by the Pandemic & What’s the New Normal?
  • Car Production YoY % Growth in 2020 Across Major Regional Markets
  • Demand for PAG as Surface Active Agents Grows
  • Processed Foods Industry Spurs Demand for PAG
  • Growing Sales of Packaged Foods Present Potential for PAG as Additive: Global Packaged Food Sales in US$ Trillion for 2015, 2017, 2019, 2021 & 2023
  • PAG-Based Lubricants Find Favor in Industrial Applications
  • Breakdown of World Industrial Lubricants Market Revenues (in %) by Application for 2022E
  • Manufacturing PMI: An Important Bellwether
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Use of PAG in Metallurgy Industry Spurs Opportunities
  • Polyethylene Glycol Market: High Growth Potential
  • Potential for the Use of PEG in Medical Devices and Materials, Pegylation’s Application on the Rise
  • PEG and the COVID-19 Vaccine-Related Anaphylactic Reactions: A Review
  • Increased Application of PEGs in Personal Care Products
  • Thiol-ene Reactions Usage to Enhance Hydrogels' Degradability
  • Volatile Crude Oil Prices: A Major Challenge
  • Global Brent Crude Oil Price Trends (in US$ per barrel) for Oct 2019-May 2021
  • Comprehensive Impact Assessment of PAG
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Polyalkylene Glycols Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Polyalkylene Glycols by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 3: World Historic Review for Polyalkylene Glycols by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 4: World 16-Year Perspective for Polyalkylene Glycols by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Polypropylene Glycol by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 6: World Historic Review for Polypropylene Glycol by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 7: World 16-Year Perspective for Polypropylene Glycol by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Polyethylene Glycol by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 9: World Historic Review for Polyethylene Glycol by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 10: World 16-Year Perspective for Polyethylene Glycol by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 12: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 13: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Polyurethane Foams by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 15: World Historic Review for Polyurethane Foams by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 16: World 16-Year Perspective for Polyurethane Foams by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Lubricants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 18: World Historic Review for Lubricants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 19: World 16-Year Perspective for Lubricants by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Functional Fluids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 21: World Historic Review for Functional Fluids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 22: World 16-Year Perspective for Functional Fluids by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Personal Care Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 24: World Historic Review for Personal Care Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 25: World 16-Year Perspective for Personal Care Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 27: World Historic Review for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 28: World 16-Year Perspective for Pharmaceuticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 30: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 31: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Polyalkylene Glycols Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Polyalkylene Glycols Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Polyalkylene Glycols Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Polyalkylene Glycols Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Polyalkylene Glycols Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • AFRICA
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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