Top Polyethylene Glycol Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Polyethylene Glycol Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Polyethylene Glycol industry players.

Polyethylene Glycol Market Competitive Landscape

The Global Polyethylene Glycol market is characterized by intense competition among key players, driven by factors such as increasing demand from various industries, including pharmaceuticals, personal care, and industrial applications. Companies are vying for market share by focusing on product innovation, technological advancements, and strategic partnerships to expand their global presence. Cost-effectiveness and sustainable production practices also play crucial roles in gaining a competitive edge. The market's growth potential and diverse application areas have created a dynamic landscape, leading companies to continually invest in research and development to meet evolving customer needs and stay ahead in the competition.

Top Players in Polyethylene Glycol Market

  • BASF SE (Germany) 
  • Dow Inc. (USA) 
  • Clariant (Switzerland) 
  • Lotte Chemical Corporation (South Korea) 
  • Sanyo Chemical Industries, Ltd. (Japan) 
  • SABIC (Saudi Arabia) 
  • Kao Corporation (Japan) 
  • Croda International Plc (UK) 
  • INEOS (UK) 
  • Evonik Industries AG (Germany) 
  • Merck KGaA (Germany) 
  • Indorama Ventures Public Company Limited (Thailand) 
  • NOF Corporation (Japan) 
  • India Glycols Limited (India) 
  • ExxonMobil Corporation (USA) 
  • Mitsui Chemicals, Inc. (Japan) 
  • Solvay S.A. (Belgium) 
  • Arkema S.A. (France) 
  • Huntsman Corporation (USA) 
  • PETRONAS Chemicals Group Berhad (Malaysia)

Polyethylene Glycol Market

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Polyethylene Glycol Market size was valued at USD 5.1 Billion in 2024 and is poised to grow from USD 5.42 Billion in 2025 to USD 8.84 Billion by 2033, growing at a CAGR of 6.3% during the forecast period (2026–2033).

The Global Polyethylene Glycol market is characterized by intense competition among key players, driven by factors such as increasing demand from various industries, including pharmaceuticals, personal care, and industrial applications. Companies are vying for market share by focusing on product innovation, technological advancements, and strategic partnerships to expand their global presence. Cost-effectiveness and sustainable production practices also play crucial roles in gaining a competitive edge. The market's growth potential and diverse application areas have created a dynamic landscape, leading companies to continually invest in research and development to meet evolving customer needs and stay ahead in the competition. 'BASF SE (Germany) ', 'Dow Inc. (USA) ', 'Clariant (Switzerland) ', 'Lotte Chemical Corporation (South Korea) ', 'Sanyo Chemical Industries, Ltd. (Japan) ', 'SABIC (Saudi Arabia) ', 'Kao Corporation (Japan) ', 'Croda International Plc (UK) ', 'INEOS (UK) ', 'Evonik Industries AG (Germany) ', 'Merck KGaA (Germany) ', 'Indorama Ventures Public Company Limited (Thailand) ', 'NOF Corporation (Japan) ', 'India Glycols Limited (India) ', 'ExxonMobil Corporation (USA) ', 'Mitsui Chemicals, Inc. (Japan) ', 'Solvay S.A. (Belgium) ', 'Arkema S.A. (France) ', 'Huntsman Corporation (USA) ', 'PETRONAS Chemicals Group Berhad (Malaysia)'

Polyethylene glycol is widely used in various industries such as pharmaceuticals, cosmetics, personal care, and industrial applications. Its versatility as a solvent, lubricant, and emulsifier makes it a crucial component in many formulations. The growing demand from these end-use industries was driving the expansion of the PEG market.

Increasing Demand in Pharmaceutical and Personal Care Industries: Polyethylene glycol finds extensive use in the pharmaceutical and personal care industries. In pharmaceuticals, PEG is used as an excipient in various formulations, including oral, topical, and injectable products. It helps improve solubility, stability, and bioavailability of drugs. Additionally, PEG is used in laxatives, bowel preparation solutions, and as a binder in tablet formulations. In the personal care industry, PEG is used in cosmetics, skin creams, and lotions as a moisturizer and emollient. The growing demand for pharmaceutical and personal care products has been driving the increased consumption of PEG.

The global polyethylene glycol market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America emerges as the dominant segment due to the presence of well-established industries, extensive research and development activities, and increasing demand for PEG in various applications like pharmaceuticals, personal care products, and industrial processes.

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Global Polyethylene Glycol Market
Polyethylene Glycol Market

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