According to the current analysis of Reports and Data, the global macrogol/polyethylene glycol (PEG) market was valued at USD 5667.81 million in 2021 and is expected to reach USD 10,074.39 million by the year 2030, at a CAGR of 6.68%. Macrogol has been shown to provide water solubility and biocompatibility in medicines and different applications, and the ability to attach a range of reactive functional groups to the terminal positions of these polymers has greatly increased their utility. For instance, Macrogol 400 is very hydrophilic, which renders it a useful ingredient in drug formulations to augment the solubility and bioavailability of weakly water-soluble drugs.

The pharmaceutical industry is the emerging segment in this industry due to the fact of growing the manufacturing of eye drops and laxatives coupled with the increase in the pharmaceutical industry has improved the use of macrogol as a solvent which will force to increase the market growth in the future. Besides, the rising demand for water-based coatings and paints for utility in automobile and development industries has additionally elevated the demand for Macrogol. This will additionally have an on affect the market positively.

However, the presence of alternatives, for mono ethylene glycol (MEG) and a range of different glycol ethers, will pose a credible risk to the polyethylene glycol industry and negatively affect its future. The stringent environmental protocols associated with the manufacturing of private care and medical products may additionally obstruct the market boom for polyethylene glycol.

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Top Companies Operating in the Global Macrogol Market:

BASF, Sigma Aldrich, DOW Chemical Company, Lotte Chemical, Ineos, Croda, Liaoning Oxiranchem, Jiangsu Haian Petrochemical Plant, Shanghai Bronkow Chemical, and Oxiteno. BASF is a key player in the Macrogol (PEG) market. With a global presence in North America, Europe, Asia Pacific, South America, Africa & Middle East, the company offers macrogols by the name – ‘Kollisolv’. As of 2018, the company’s total revenue accounted for USD 73.9 billion.

Macrogol Market Segmentation

Type (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

PEG 200
PEG 400
PEG 3350
PEG 4000
PEG 6000
PEG 8000
Others
Administration Route (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

Oral
Nasogastric
Ophthalmic
Topical
Usage (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

Excipient
API
End-Use (Volume, Metric Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

Pharmaceutical Uses
Veterinary Health
Biotechnology
Biomedical
Other end-uses
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Frequently Asked Questions Addressed in the Report:

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Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
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