세계 폴리에틸렌 글리콜(PEG) 시장 규모는 2022년 43억 달러에 이르고, 2023-2030년의 예측 기간 동안 CAGR 6.4%로 성장하고, 2030년에는 71억 달러에 달할 것으로 예측됩니다.
PEG는 유화제, 증점제이며 식품 사업에 사용되는 식품 성분입니다. PEG를 첨가하면 보존 기간이 연장되고 특정 식품의 식감이 향상됩니다. PEG 시장은 고객의 선호도 변화와 세계 인구 확대로 이어진 가공식품과 인스턴트 식품에 대한 수요가 증가함에 따라 혜택을 누리고 있습니다.
PEG는 화장품 및 개인 위생, 스킨 케어, 헤어 케어 제품의 일반적인 성분입니다. 강력한 유화성과 보습성은 화장품 조성물에 사용되는 배경에 있습니다. 고객의 선호도 변화와 건강·미용 동향에 대한 의식이 높아짐에 따라 PEG 시장의 성장은 퍼스널케어 업계의 지속적인 상승과 밀접한 관련이 있습니다.
아시아태평양은 세계 폴리에틸렌 글리콜 시장의 1/3 이상을 차지하는 성장 지역 중 하나입니다. 아시아태평양의 제조업은 다양한 화학제품, 윤활유, 부동조성의 기초로서 등 PEG의 산업용도를 많이 활용하고 있습니다. 이 지역, 특히 중국과 인도에서 강력한 산업의 확대는 다양한 산업 공정에서 PEG의 필요성을 높이고 있습니다.
개인 관리 및 화장품 분야는 세계 PEG 시장의 주요 촉진요인입니다. 유화 작용, 보습 작용, 증점 작용이 있기 때문에 PEG는 스킨 케어, 헤어 케어, 화장실 제품의 배합에 자주 사용되고 있습니다. 혁신적이고 효과적인 퍼스널케어 솔루션에 대한 수요 증가는 몸짓과 미용 기준의 중시라는 고객의 취향의 변화를 반영합니다.
예를 들어 Clariant는 2022년 중국 혜주시 대아만에 있는 케어케미칼스 시설을 8,000만 스위스 프랑(9,105만 달러)을 투입하여 확장하여 산업용도, 의약품, 퍼스널케어용 서비스를 향상시킬 예정 입니다. 이 확장은 새로운 품목을 제공하고 현재 품목의 생산 능력을 향상시킵니다. Daya Bay 공장은 폴리에틸렌 글리콜(Polyglykol 3350)의 GMP 인증을 받은 중국 최초의 의약품 제조업체가 되어 주목할 만한 이정표를 달성했습니다.
제약 산업의 지속적인 성장은 세계의 폴리에틸렌 글리콜(PEG) 시장을 견인하는 주요 요인 중 하나입니다. PEG는 약물 분포를 개선하고 일부 약물을 더 녹기 쉬워지기 때문에 의약 제제에 필수적입니다. PEG는 고령화, 의료비 상승, 창약 진보 등의 이유로 제약 업계가 성장함에 따라 수요가 증가하고 있습니다.
예를 들어 Croda Inc.는 2021년에 의약품 첨가제 시설을 확장하고 테이프 절단을 실시했습니다. 밀홀의 최신 확장은 고형 경구제, 외용제, 생물학적 제제, 백신 등 다양한 의료 용도에 필수적인 고순도 의약품 원료의 생산을 전문으로 합니다. 이 전략적인 공장 확장은 밀홀의 생산 능력을 거의 두 배로 늘리고 Croda Inc.의 슈퍼 리파인 브랜드에 속하는 이러한 고급 원료의 제조를 가능하게합니다.
환경 영향에 대한 관심과 우려 증가는 폴리에틸렌 글리콜(PEG) 세계 시장을 제한하는 주요 요인 중 하나입니다. 기존의 PEG 제조업체는 석유화학 자원을 자주 사용하며, 이는 환경 문제를 악화시키고 있습니다. 생산공정에서 발생하는 배출물과 폐기물은 지속가능성과 생태계에 미치는 영향을 우려하고 있습니다.
환경 의식이 높아지고 규칙이 엄격해짐에 따라, 이 분야는 보다 지속 가능한 방법을 도입할 필요가 있습니다. 제조업체는 바이오 PEG의 필요성과 엄격한 환경 기준을 준수해야 하기 때문에 비용이 높아질 수 있는 어려움을 겪고 있습니다. 이 문제는 제조 공정에도 영향을 미칠 수 있습니다.
유기적인 치료법을 추구하는 움직임으로 장기적인 질병에 대한 자연적인 치료법을 제공하는 의약품에 대한 수요가 높아지고 있습니다. 변비는 삶의 어느 단계에서도 발생할 수 있지만 만성화는 주로 노인에게 영향을 미칩니다. 이 질병을 치료할 때 노인에게는 일반적으로 다양한 약물이 처방됩니다.
그러나 알로파시 의약품이 과도하게 대량으로 투여되면 많은 환자들이 이러한 약물에 혐오감을 느끼고 대체 요법에 의존합니다. 아시아 국가에서는 노인들에게 아유르베다, 유나니, 중국 전통 의학(TCM)과 같은 대체 요법이 일상적으로 이루어지고 있습니다. 대체 의학은 그 자연적인 성립에서 어느 정도의 영향을 제한할 수 있기 때문에 현재 서양 국가에서 인기가 높아지고 있습니다.
Global Polyethylene Glycol (PEG) market reached US$ 4.3 billion in 2022 and is expected to reach US$ 7.1 billion by 2030, growing with a CAGR of 6.4% during the forecast period 2023-2030.
PEG is an emulsifier, thickening agent and food ingredient used in the food business. Its addition extends the shelf life and improves the texture of certain food goods. The PEG market has benefited from the rise in demand for processed and convenience foods brought forth by changing customer tastes and an expanding globally population.
PEG, is a common ingredient in makeup and personal hygiene, skincare and hair care products. Its potent emulsifying and moisturizing qualities are the reason behind its use in cosmetic compositions. Due to changing customer tastes and increased awareness of health and beauty trends, the PEG market's growth is closely linked to the personal care industry's continuous rise.
Asia-Pacific is among the growing regions in the global polyethylene glycol market covering more than 1/3rd of the market. The manufacturing industry in Asia-Pacific has made great use of PEG's industrial uses, including as a foundation for different chemicals, lubricants and antifreeze compositions. The strong industrial expansion in the region-especially in China and India-has raised the need for PEG in a variety of industrial processes.
The personal care and cosmetics sector is a major driver for the global PEG market. Due to its emulsifying, moisturizing and thickening characteristics, PEG is commonly incorporated into formulations for skincare, haircare and toiletry products. The increasing demand for personal care solutions that are both innovative and efficacious reflects shifting customer preferences, with a heightened emphasis on grooming and beauty standards.
For Instance, in 2022, Clariant is to expand its Care Chemicals facility in Daya Bay, Huizhou, China, with an investment of CHF 80 million (US$ 91.05 million), to improve services for industrial applications, pharmaceuticals and personal care. The expansion will provide new items and increase capacity for current ones. The Daya Bay factory has accomplished a noteworthy milestone by being the first API manufacturer in China to receive approval for a GMP certificate for polyethylene glycol, namely Polyglykol 3350.
The pharmaceutical industry's continuous growth is one of the main factors driving the global polyethylene glycol (PEG) market. PEG is essential to pharmaceutical formulations because it improves drug distribution and makes some medications more soluble. PEG is in high demand as the pharmaceutical industry grows due to reasons such as an aging population, rising healthcare costs and advances in medication discovery.
For Instance, in 2021, Croda Inc. expanded its pharmaceutical excipients facility with a ribbon-cutting ceremony. The latest expansion in Mill Hall will be dedicated to the production of high-purity pharmaceutical ingredients crucial for a variety of healthcare applications, including solid oral doses, topicals, biologics and vaccines. The strategic plant expansion is poised to almost double Mill Hall's capacity for manufacturing these advanced ingredients, all of which fall under Croda's Super Refined brand.
The growing attention and worry about environmental effects is one of the major factors limiting the globally market for polyethylene glycol (PEG). Traditional PEG manufacturers frequently use petrochemical resources, which exacerbates environmental problems. There are concerns regarding sustainability and ecological effects due to the emissions and trash generated throughout the production process.
The sector is under pressure to implement more sustainable methods as environmental awareness grows and rules get stricter. Manufacturers have difficulties that might result in higher costs due to the need for bio-based PEG and the need to comply with strict environmental standards. The problems can affect their production processes.
There is a growing demand for drugs that offer a natural remedy for long-term illnesses due to the movement toward organic treatments. Constipation can affect individuals at any stage of life, although the chronic form of the condition primarily affects the elderly. When treating this illness, elderly individuals are typically given a range of medications.
However, when allopathic pharmaceuticals are given in excessively high dosages, many patients develop an aversion to these medications and turn to alternative therapies. Elderly persons are routinely given alternative medical therapies including Ayurveda, Unani and Traditional Chinese Medicine (TCM) in several Asian nations. Because of its natural makeup, which might limit some effects, alternative medicine is currently growing in popularity in Western nations.
The global polyethylene glycol market is segmented based on type, form, packaging type, average molecular weight, application and region.
The healthcare segment is among the growing regions in the global polyethylene glycol market covering more than 1/3rd of the market. The expansion of the global polyethylene glycol (PEG) market is significantly driven by the burgeoning healthcare industry. Due to its versatile applications, PEG is commonly employed in pharmaceutical and medicals.
Its pivotal role in the pharmaceutical sector involves enhancing the solubility and bioavailability of medications, making it a crucial component in various drug formulations. The sustained demand for PEG is propelled by the increasing prevalence of chronic diseases, a rising demand for advanced medication formulations and the continual expansion of the healthcare sector.
Asia-Pacific has been a dominant force in the global polyethylene glycol market is being driven by growing personal care and cosmetic items that are heavily consumed in the Asia-Pacific and this demand has been rising rapidly. PEG's popularity in skincare, hair care and toiletry products is attributed to its emulsifying and moisturizing attributes. The cosmetics industry is witnessing a rising demand for PEG, driven by heightened customer awareness of grooming and beauty standards.
The Asia-Pacific pharmaceutical industry has experienced significant expansion due to many causes including a growing and aging population, rising healthcare costs and an increase in the incidence of chronic illnesses. The demand for PEG in the region has been fueled by its utilization in pharmaceutical formulations, encompassing applications in drug delivery systems and serving as a solubilizing agent.
For Instance, in 2022, The expansion of BASF and SINOPEC's Verbund facility, run by BASF-YPC Co., Ltd., a 50/50 joint venture between the two corporations in Nanjing, began construction. The expansion aims to meet the increasing demand from different sectors in the Chinese market by adding a new tert-butyl acrylate plant and expanding the capabilities of other downstream chemical factories.
For Instance, in 2022, Mochida Pharmaceutical, Eisai and EA Pharma recently introduced "MOVICOL HD," an improved version of the polyethylene glycol medication "MOVICOL LD" for chronic constipation. Patients previously utilizing two sachets of "MOVICOL LD" may find savings and convenience from the new formulation, which doubles the active ingredients in each sachet. The update seeks to eliminate packaging waste, ease financial burden and expedite administration all of which are in keeping with the pharmaceutical industry's sustainability objectives.
The COVID-19 pandemic affected numerous businesses, including the globally polyethylene glycol (PEG) industry. Early on in the pandemic, extensive lockdowns, transportation interruptions and a drop in industrial activity had a big impact on PEG supply and demand dynamics. PEG production slowed significantly as a result of several manufacturing facilities having to temporarily close or operate at reduced capacity to adhere to health and safety regulations.
The pandemic also affected PEG's supply chain indirectly as border closures and other limitations made international logistics difficult. The flow of raw materials and completed items was hampered by delays in transportation and rising expenses, which changed the dynamics of the market as a whole. The demand for PEG in a variety of end-use sectors was also impacted by changes in consumer behavior during the epidemic and economic uncertainty.
Companies had to reassess the robustness of their supply chains and adjust to the changing market conditions as a result of the COVID-19 disruptions. Some PEG market sectors showed resilience and even development as the crisis developed, particularly in applications linked to healthcare, personal care and pharmaceuticals. The pandemic highlighted the significance of specific chemical molecules, like as PEG, in vital sectors.
In addition to persistent difficulties, the PEG market began to rebound as businesses adjusted to the new normal, put safety measures in place and addressed changes in consumer preferences brought on by the prolonged health crisis. As the world economy heals and adjusts to post-pandemic conditions, the pandemic's long-term impacts on the PEG market will keep developing.
The global market for polyethylene glycol may be affected by a war between Russia and Ukraine in some ways. Initially, both Russia and Ukraine were major participants in the petrochemical sector, helping to provide essential PEG raw materials. Any hiccups in the manufacturing or supply chain of these raw materials like ethylene oxide could result in shortages and affect the market's total supply of PEG. The can lead to higher costs and unpredictability in the supply chain for businesses globally.
The region's geopolitical tensions might cause more general economic uncertainty, which would affect investor confidence and market stability. The petrochemical sector, which produces PEG, is heavily reliant on a healthy economy. Increased demand, fluctuating currency prices and changed trade dynamics might all add to the volatility of the market.
Policy related to commerce and regulations may be impacted by the dispute. The international commerce of PEG and related products may be impacted by changes in trade agreements, import/export laws and penalties brought about by changes in geopolitical relationships. To negotiate the shifting geopolitical landscape, manufacturers may need to change their business strategies and supply networks to new trade circumstances.
The major global players in the market include: Dow Chemical Company, BASF SE, SABIC, Huntsman Corporation, Croda International Plc, Clariant AG, India Glycols Limited, Oxiteno, Ineos Group and LOTTE Chemical Corporation.
The global polyethylene glycol market report would provide approximately 77 tables, 93 figures and 217 Pages.
LIST NOT EXHAUSTIVE