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Posted by topsignaljammer on May 16, 2024 at 6:00am 0 Comments 0 Likes
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ContinueThe global Polyethylene Glycol Market size is expected to reach USD 7,482.4 million by 2030, registering a CAGR of 6.0% according to a new report by Grand View Research, Inc. Increasing use of Polyethylene Glycol (PEG) as a solvent in the manufacturing of laxatives and eye drops coupled with the growth of the pharmaceutical industry is anticipated to drive the market. The evolution of waterborne coating and paint in automotive and construction industries owing to the growing demand for eco-friendly products is expected to augment PEG market growth.
Medical was the largest application for PEG, accounting for more than 40% of market share in 2022. Superior blending, hygroscopicity, and non-toxic properties of PEG have resulted in high demand for the chemical in numerous pharmaceutical products such as tablets and ointments. Increasing pharmaceutical expenditure, particularly in emerging economies of India, China, and Brazil, is expected to boost PEG market over the forecast period. Growing demand for paints & coatings coupled with the increasing use of PEG as a solvent due to its low VOC emissions is anticipated to fuel market growth over the next six years.
List Of Key Players in Polyethylene Glycol Market
Related Press Release@ Polyethylene Glycol Market Report
Polyethylene Glycol Market Report Highlights
Related Category Reports@
Polyethylene Glycol Market Segmentation
Grand View Research has segmented the global polyethylene glycol market report based on application, and region:
Polyethylene Glycol Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)
Polyethylene Glycol Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)
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