Polyethylene glycol (PEG) is amongst one of the most commonly utilized non-ionic polymers for polymer-built drug delivery as well as other bioactivities. Subsequently polyethylene glycol has higher aqueous solubility, it is measured for the conjugation of pro-drug. This indebted status as well as usage of PEGlycation technology in biotechnological plus pharmaceutical applications has steered to several progressive steps in the medical field. The existent scientific literature testifies for the various solicitations of polymers resultant from polyethylene glycol (PEGs).
Polyethylene Glycol (PEG) Market other major characteristics include wear resistance as well as non-toxicity and solubility. These has also benefited the global polyethylene glycol market in terms of several applications for instance chemical intermediates, agriculture, textiles, ceramics, household products, wood treatment and several others.
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Leading Key Players of Polyethylene Glycol (PEG) Market: Dow Chemical Company, BASF SE, Lotte Chemical, INEOS AG, Croda International plc, Liao Ning Oxiranchem, Jiangsu Haian Petrochemical Plant, Shanghai Bronkow Chemical Co., Ltd., and India Glycols.
The combined experience around this substance, also assistance delivered by governing authorities across the globe with regards to its usage would lead to its augmented usage in several medical device applications as well as drugs. That will in turn develop the polyethylene glycol market’s research and development capacities. Improved chances are foreseen for polyethylene glycol market in a variety of uses including diagnostics regions along with the drug development, cell culture models, drug delivery and tissue regeneration plus wound restorative over the forecast spell.
Augmented manufacturing of eye drops along with laxatives together with the development of pharmaceutical business has improved the usage of polyethylene glycol like a solvent that will impel the progression for polyethylene glycol market in upcoming years. Increasing demand for water-based paints and coatings for the applications in automotive & construction businesses has also augmented the demand for polyethylene glycol. Since, it has got lower volatile organic combustion (VOC). Moreover, this would impact the market positively. Also, as households plus the construction business are key consumers of ceramic tiles, a little progress made in these segments may perhaps in expanding the global polyethylene glycol market over forthcoming decades.
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Growing demand for skincare along with cosmetic products will even cause the polyethylene glycol market to develop. A few of the newfangled trials being conducted in research & development the field for instance, development of polyethylene glycol hydrogels that are utilized as adhesives for the healing of wound, wound closure, reformative medicine device along with dopamine, tissue models as well as cell cultures will perhaps lead to prospects for growth of polyethylene glycol market across the globe.
The existence of substitutes like monoethylene glycol (MEG) plus several other glycol ethers within the market, would pose a reasonable risk to market of polyethylene glycol and adversely impact its forthcoming. The severe environmental regulations associated to the manufacturing of personal care coupled with pharmaceutical produces might also hinder the growth of market for polyethylene glycol.
Key segments of the global Polyethylene Glycol (PEG) Market
Application Overview, 2015-2025
- Medical
- Personal care
- Industrial
- Others
Regional Overview, 2015-2025 (USD Million)
- North America
- Europe
- Asia Pacific
- Rest of the World
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