Polyalkylene Glycol Market Share

ID: MRFR/CnM/3645-HCR

138 Pages

Anshula Mandaokar

September 2025

Polyalkylene Glycol Market Research Report Information by Product (Polyethylene Glycol, Polypropylene Glycol), by Application (Polyurethane Foam, Functional Fluids, Lubricants, Personal Care, Pharmaceuticals and Surface Active Agents) – Forecast till 2032

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Market Share

Polyalkylene Glycol Market Share Analysis

Market share positioning strategies are crucial for companies operating in the Polyalkylene Glycol Market to establish a strong presence and gain a competitive edge. Several key strategies are employed to enhance market share: Product Differentiation: Companies differentiate their polyalkylene glycol products by offering unique features such as specific molecular weights, viscosities, and functionalities tailored to meet the diverse needs of end-users. By focusing on product innovation and customization, companies can attract a wider customer base and capture a larger market share. Market Segmentation: Effective market segmentation allows companies to target specific industries and applications where polyalkylene glycols are in high demand. By understanding the unique requirements of each segment, companies can tailor their marketing strategies and product offerings to effectively penetrate and capture market share in niche markets. Strategic Partnerships and Collaborations: Forming strategic partnerships and collaborations with distributors, suppliers, and industry players can help companies expand their market reach and increase their share of the polyalkylene glycol market. Collaborative efforts such as joint ventures, licensing agreements, and strategic alliances enable companies to leverage each other's strengths and resources to gain a competitive advantage. Investment in Research and Development: Companies that invest in research and development (R&D) to improve product quality, develop new applications, and enhance manufacturing processes are better positioned to capture a larger market share. By staying at the forefront of technological advancements and innovation, companies can offer superior products that meet the evolving needs of customers and gain a competitive edge in the market. Focus on Customer Service and Support: Providing excellent customer service and support is essential for building strong relationships with customers and increasing market share. Companies that offer comprehensive technical assistance, timely delivery, and responsive customer support can attract and retain loyal customers, ultimately leading to a larger market share. Geographical Expansion: Expanding into new geographical regions and emerging markets is another strategy for increasing market share in the polyalkylene glycol market. Companies can capitalize on growing demand in regions such as Asia-Pacific, Latin America, and the Middle East by establishing a strong presence, forming partnerships with local distributors, and adapting their products to meet regional requirements. Price Competitiveness: Pricing strategies play a significant role in determining market share in the polyalkylene glycol market. Companies may adopt competitive pricing strategies to gain market share by offering products at lower prices compared to competitors while maintaining profitability. However, companies must balance price competitiveness with product quality and value to avoid devaluing their brand and sacrificing long-term profitability. Brand Building and Marketing Initiatives: Investing in brand building and marketing initiatives helps companies increase brand awareness, visibility, and reputation in the polyalkylene glycol market. Through targeted marketing campaigns, advertising efforts, and participation in industry events and trade shows, companies can effectively communicate their value proposition and differentiate themselves from competitors, ultimately leading to an increase in market share.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Certified Researchers

Market Summary

As per Market Research Future Analysis, the Polyalkylene Glycol Market was valued at USD 43.95 Billion in 2023 and is projected to grow to USD 76.65 Billion by 2032, with a CAGR of 6.27% from 2024 to 2032. The market is driven by increased demand in the automotive sector, particularly for lubricants, and the expansion of the packaging industry. Polyalkylene Glycol's non-toxicity and excellent lubricity make it suitable for various applications, including polyurethane foams, functional fluids, and personal care products. The Asia Pacific region holds the largest market share, driven by the adoption of polyurethane foams in multiple industries.

Key Market Trends & Highlights

Key trends influencing the Polyalkylene Glycol Market include:

Market Size in 2023: USD 43.95 Billion
Projected Market Size by 2032: USD 76.65 Billion
CAGR from 2024 to 2032: 6.27%
Significant growth in the Polypropylene Glycol segment due to its extensive use in various foams.

Polyalkylene Glycol Market

CAGR

6.27%

Market Size & Forecast

2023 Market Size	USD 43.95 Billion
2024 Market Size	USD 47.11 Billion
2032 Market Size	USD 76.65 Billion
CAGR (2024-2032)	6.27%

Major Players

BASF SE (Germany), The Dow Chemical Company (U.S.), INEOS (Switzerland), SABIC (Saudi Arabia), LyondellBasell Industries Holdings B.V. (Netherlands), DuPont (U.S.), Royal Dutch Shell plc (Netherlands), Bayer AG (Germany), Clariant (Switzerland), Huntsman International LLC (U.S.)

Market Trends

The global demand for polyalkylene glycols is anticipated to rise as industries increasingly seek sustainable and versatile solutions for applications in lubricants, surfactants, and personal care products.

U.S. Department of Energy

Polyalkylene Glycol Market Market Drivers

Market Growth Projections

The Global Polyalkylene Glycol Market Industry is projected to experience substantial growth over the next decade. With an anticipated market size of 47.1 USD Billion in 2024, the industry is on a trajectory to reach 92.0 USD Billion by 2035. This growth reflects a compound annual growth rate of 6.27% from 2025 to 2035, indicating a robust demand for polyalkylene glycols across various sectors. The increasing applications and innovations within the industry suggest a promising future, with potential opportunities for stakeholders to capitalize on emerging trends.

Regulatory Support and Standards

Regulatory frameworks and standards play a crucial role in shaping the Global Polyalkylene Glycol Market Industry. Governments worldwide are implementing regulations that promote the use of safe and effective chemical products. This regulatory support encourages manufacturers to invest in research and development, leading to the creation of innovative polyalkylene glycol formulations. Compliance with these regulations not only enhances product safety but also boosts consumer confidence. As a result, the market is likely to benefit from increased adoption of polyalkylene glycols across various sectors, contributing to a compound annual growth rate of 6.27% from 2025 to 2035.

Rising Demand in End-Use Industries

The Global Polyalkylene Glycol Market Industry is experiencing a surge in demand from various end-use sectors, including pharmaceuticals, cosmetics, and automotive. The versatility of polyalkylene glycols in applications such as lubricants, surfactants, and emulsifiers makes them essential in these industries. For instance, the pharmaceutical sector utilizes polyalkylene glycols for drug formulations, enhancing solubility and bioavailability. This increasing adoption is projected to contribute to the market's growth, with the industry expected to reach 47.1 USD Billion in 2024, reflecting a robust expansion trajectory.

Increasing Focus on Sustainable Products

The Global Polyalkylene Glycol Market Industry is witnessing a shift towards sustainability, driven by consumer preferences for eco-friendly products. Manufacturers are increasingly developing biodegradable and non-toxic polyalkylene glycols, which cater to the growing demand for sustainable alternatives in various applications. This trend is particularly evident in the cosmetics and personal care sectors, where consumers prioritize environmentally responsible ingredients. As sustainability becomes a key differentiator, companies that invest in green technologies and sustainable practices may gain a competitive edge, further propelling market growth.

Technological Advancements in Production

Innovations in the production processes of polyalkylene glycols are significantly influencing the Global Polyalkylene Glycol Market Industry. Advanced manufacturing techniques, such as the use of catalysts and optimized reaction conditions, enhance the efficiency and sustainability of production. These technological improvements not only reduce production costs but also minimize environmental impact, aligning with global sustainability goals. As a result, manufacturers are better positioned to meet the growing demand while adhering to regulatory standards. This trend is likely to bolster market growth, contributing to a projected market size of 92.0 USD Billion by 2035.

Expanding Applications in Emerging Markets

Emerging markets are increasingly adopting polyalkylene glycols across diverse applications, thereby driving growth in the Global Polyalkylene Glycol Market Industry. Countries in Asia-Pacific and Latin America are witnessing rapid industrialization, leading to heightened demand for lubricants, surfactants, and other chemical intermediates. The versatility of polyalkylene glycols makes them suitable for various applications, including agriculture and food processing. As these regions continue to develop, the demand for polyalkylene glycols is expected to rise, further contributing to the market's expansion.

Market Segment Insights

Regional Insights

Key Companies in the Polyalkylene Glycol Market market include

Industry Developments

In February 2021, A group of researchers from Florida State University developed a novel way of developing safer batteries by utilizing a substance found in plants. For the creation of battery electrolytes, the researchers used an organic polymer known as lignin, which is a stiffening substance present in the cell walls of numerous plants. To generate the latest type of solid electrolyte, researchers mixed the synthetic polymer polyethylene glycol with lignin. Because of its excellent electrochemical stability, polyethylene glycol (the main form of polyalkylene glycol) is one of the most commonly utilized components in solid electrolytes. However, because its efficacy decreases at ambient temperature, the batteries' ability to charge quickly is hampered.

Dow Chemical Company (US) is a competitor in the Polyalkylene Glycol Market, competing on pricing and product offering to suit market demands. This significant industry player's preferred approach for surviving in this highly competitive market is to expand in the Polyalkylene Glycol Market.

December 2022: Clariant announces new investments to enhance Chinese ethoxylation plant - Clariant is set to expand its Care Chemicals facility in Daya Bay, Huizhou, China, to boost its support for pharmaceutical, personal care, home care, and industrial application customers.The CHF 80 million investment will see capacity increases for existing products as well as the introduction of new products by the end of 2024. By successfully obtaining the drug GMP certificate, the Clariant Daya Bay manufacturing site has become the first API manufacturer in China with certified polyethylene glycol Polyglykol 3350. The site will also become a new global hub for Clariant’s healthcare business support, speeding up the supply of high-quality ingredients for life-changing medicines.“The successful production and registration of the pharmaceutical grade of PEGs are great examples of how resilient and dedicated Clariant is to growing in our strategic dedicated business segment and supporting our customers,” said Zhigang Miao, Head of Industrial Applications, Clariant Care Chemical.Clariant will also expand existing production capacity for its Ethylene Oxide Derivatives (EODs) and a broader chemical portfolio at Daya Bay. As a result, it will step up its production of more sustainable ingredients that can help customers advance their environmental targets and create differentiated, more sustainable solutions to meet sector demands. The EcoTain®-labelled, plant-based Hostapon® mild surfactant for example supports Personal Care brands and formulators in developing milder, cleaner beauty in applications such as solid beauty bars, body washes and cream-type shampoos.

Intended Audience

Polyalkylene Glycol Market Manufacturers

Traders and Distributors of Polyalkylene Glycol Market

Production Process Industries

Potential Investors

Raw Material Suppliers

Nationalized Laboratory

Future Outlook

Polyalkylene Glycol Market Future Outlook

The Global Polyalkylene Glycol Market is projected to grow at a 6.27% CAGR from 2024 to 2035, driven by increasing demand in pharmaceuticals, cosmetics, and industrial applications.

New opportunities lie in:

Develop bio-based polyalkylene glycols to meet sustainability demands.
Expand applications in the automotive sector for enhanced lubricants.
Invest in R&D for innovative formulations in personal care products.

By 2035, the market is expected to exhibit robust growth, positioning itself as a key player in diverse industries.

Market Segmentation

Report Scope

Attribute/Metric	Details
Market Size 2023	USD 43.95 billion
Market Size 2024	USD 47.11 billion
Market Size 2032	USD 76.65 billion
Compound Annual Growth Rate (CAGR)	6.27% (2024-2032)
Base Year	2023
Market Forecast Period	2024-2032
Historical Data	2019- 2021
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Application, and Region
Geographies Covered	North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered	The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	LANXESS (Germany), NITTO DENKO Corporation (Japan), SEKISUI CHEMICAL CO. LTD. (Japan, Wanhua Chemical Group Co.Ltd, Covestro AG (Germany), Tosoh Corporation (Japan), BASF SE (Germany), Recticel (Belgium), DowDuPont Inc. (US), Huntsman International LLC (US), and Trelleborg AG (Sweden)
Key Market Opportunities	Rising production of Bio-based Polyol
Key Market Dynamics	Rising demand for sports and leisure industry. Increased consumption of polyurethane foam in the automotive sector.

Market Highlights

Author

Anshula Mandaokar

Team Lead - Research

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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FAQs

What is polyalkylene glycol?

Polyalkylene glycol is a waxy, crystalline compound that is soluble in various organic solvents, including benzene and chloroform.

Where is polyalkylene glycol used?

Polyalkylene glycol is used in various applications, including polyurethane foam, personal care products, functional fluids, and lubricants. The polyurethane foam segment dominates the global market, followed by the functional fluids and lubricants segments.

What is the major driver for the global market?

The increasing use of polyalkylene glycol in the production of industrial and automotive lubricants is likely to be the major driver for the global polyalkylene glycol market over the forecast period.

Which is the leading regional market for polyalkylene glycol?

Asia Pacific holds the largest share in the global polyalkylene glycol market.

What are the leading players in the polyalkylene glycol market?

Leading players in the polyalkylene glycol market include Clariant, BASF, Dow, LyondellBasell, SABIC, INEOS, Bayer AG, Royal Dutch Shell plc, and Huntsman International.

1 Executive Summary 2
Scope of the Report
1. Market Definition
Scope of the Study
1. Research Objectives
  1. Assumptions & Limitations
2. Markets Structure
3 Market Research Methodology
1. Research Process
2. Secondary Research
3. Primary Research
4. Forecast Model 4 Market Landscape
5. Porter’s Five Forces Analysis
Threat of New Entrants
1. Bargaining power of buyers
  1. Threat of substitutes
  2. Segment rivalry
2. Value Chain/Supply Chain of Global Polyalkylene Glycol Market
5 Industry Overview of Global Polyalkylene Glycol Market
1. Introduction
2. Growth Drivers
3. Impact analysis
4. Market Challenges 6 Market Trends
5. Introduction
6. Growth Trends
7. Impact analysis
8. Introduction
9. Polyethylene glycol
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates & Forecast by Region, 2020-2027
10. Polypropylene glycol
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates & Forecast by Region, 2020-2027
11. Introduction
12. Polyurethane foam
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates
Forecast by Region, 2020-2027
1. Functional fluids
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates
Forecast by Region, 2020-2027
1. Lubricants
Market Estimates & Forecast, 2020-2027
1. Market Estimates & Forecast by Region, 2020-2027
2. Personal care
  1. Market
Estimates & Forecast, 2020-2027
1. Market Estimates & Forecast by Region, 2020-2027
2. Pharmaceuticals
Market Estimates & Forecast, 2020-2027
1. Market Estimates & Forecast by Region, 2020-2027
2. Surface active agents
Market Estimates & Forecast, 2020-2027
1. Market Estimates & Forecast by Region, 2020-2027
2. Others
Market Estimates & Forecast, 2020-2027
1. Market Estimates & Forecast by Region, 2020-2027
2. Introduction
3. North America
  1. Market Estimates & Forecast, 2020-2027
  2. Market
Estimates & Forecast by Product, 2020-2027
1. Market Estimates
Forecast by Application, 2020-2027
1. US
Market Estimates & Forecast, 2020-2027
1. Market Estimates & Forecast by Product, 2020-2027
  1. Market Estimates & Forecast by Application
  2. Canada
  3. Mexico
Market Estimates & Forecast by Product, 2020-2027
1. Market Estimates
& Forecast by Application, 2020-2027
1. Europe
Market Estimates & Forecast, 2020-2027
1. Market Estimates & Forecast by Product, 2020-2027
  1. Market Estimates & Forecast by Application
  2. Germany
  3. France
Market Estimates & Forecast by Product, 2020-2027
1. Market Estimates
& Forecast by Application, 2020-2027
1. Italy
Market Estimates & Forecast, 2020-2027
1. Market Estimates & Forecast by Product, 2020-2027
  1. Market Estimates & Forecast by Application
  2. U.K
  3. Rest of Europe
Estimates & Forecast by Application, 2020-2027
1. Asia Pacific
  1. Market Estimates & Forecast, 2020-2027
  2. Market
Estimates & Forecast by Product, 2020-2027
1. Market Estimates
Forecast by Application, 2020-2027
1. China
Market Estimates & Forecast, 2020-2027
1. Market Estimates & Forecast by Product, 2020-2027
  1. Market Estimates & Forecast by Application
  2. India
  3. Japan
Market Estimates & Forecast by Product, 2020-2027
1. Market Estimates
& Forecast by Application, 2020-2027
1. Rest of Asia Pacific
  1. Market Estimates & Forecast, 2020-2027
Estimates & Forecast by Product, 2020-2027
1. Market Estimates
Forecast by Application, 2020-2027
1. The Middle East & Africa
  1. Market Estimates & Forecast, 2020-2027
  2. Market
Estimates & Forecast by Product, 2020-2027
1. Market Estimates
Forecast by Application, 2020-2027
1. Saudi Arabia
  1. Market Estimates & Forecast, 2020-2027
  2. Qatar
Market Estimates & Forecast by Product, 2020-2027
1. Market Estimates
& Forecast by Application, 2020-2027
1. North Africa
Market Estimates & Forecast, 2020-2027
1. Market Estimates & Forecast by Product, 2020-2027
  1. Market Estimates & Forecast by Application
  2. GCC
Estimates & Forecast by Application, 2020-2027
1. Rest of the Middle East & Africa
  1. Market Estimates & Forecast, 2020-2027
Estimates & Forecast by Application, 2020-2027
1. Latin America
  1. Market Estimates & Forecast, 2020-2027
  2. Market
Estimates & Forecast by Product, 2020-2027
1. Market Estimates
Forecast by Application, 2020-2027
1. Brazil
  1. Market Estimates & Forecast, 2020-2027
  2. Argentina
Estimates & Forecast by Application, 2020-2027
1. Rest of Latin America
  1. Market Estimates & Forecast, 2020-2027
& Forecast by Product, 2020-2027
1. Market Estimates & Forecast by Application, 2020-2027
2. BASF SE
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
The Dow Chemical Company
1. Company Overview
  1. Product/Business Segment Overview
  2. Financial Updates
  3. Key Developments
2. INEOS
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
3. SABIC
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
4. LyondellBasell Industries Holdings B.V.
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
5. DuPont
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
6. Royal Dutch Shell plc
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
7. Bayer AG
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
8. Clariant
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
9. Huntsman International LLC
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
10. Idemitsu Kosan Co.
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
11. Croda International PLC
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
12. Exxon Mobil Corporation
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
13. Akzo Nobel N.V.
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
14. Repsol
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments 12 Conclusion
By Country, 2020-2027
Glycol Market: By Country, 2020-2027
Pacific Polyalkylene Glycol Market: By Country, 2020-2027
The Middle East & Africa Polyalkylene Glycol Market: By Country, 2020-2027
By Country, 2020-2027
Glycol by Product Market: By Regions, 2020-2027
North America Polyalkylene Glycol by Product Market: By Country, 2020-2027
By Country, 2020-2027
Glycol by Product Market: By Country, 2020-2027
The Middle East & Africa Polyalkylene Glycol by Product Market: By Country
2020-2027
by Product Market: By Country, 2020-2027
Polyalkylene Glycol by Application Market: By Regions, 2020-2027
North America Polyalkylene Glycol by Application Market: By Country, 2020-2027
Market: By Country, 2020-2027
Polyalkylene Glycol by Application Market: By Country, 2020-2027
The Middle East & Africa Polyalkylene Glycol by Application Market: By Country, 2020-2027
Glycol by Application Market: By Country, 2020-2027
Global Product Market: By Region, 2020-2027
Global Application Market: By Region, 2020-2027
North America: Polyalkylene Glycol Market, By Country
North America: Polyalkylene Glycol Market, By Product
North America: Polyalkylene Glycol Market, By Application
Europe: Polyalkylene Glycol Market, By Country
Europe: Polyalkylene Glycol Market, By Product
Polyalkylene Glycol Market, By Application
Polyalkylene Glycol Market, By Country
Pacific: Polyalkylene Glycol Market, By Product
Pacific: Polyalkylene Glycol Market, By Application
The Middle East & Africa: Polyalkylene Glycol Market, By Country By Product
Glycol Market, By Application
America: Polyalkylene Glycol Market, By Country
Latin America: Polyalkylene Glycol Market, By Product
Latin America: Polyalkylene Glycol Market, By Application
Global Polyalkylene Glycol Market Glycol Market
2020, by country (in %)
2020-2027
Polyalkylene Glycol Market size by Product, 2020
Polyalkylene Glycol Market by Product, 2020-2027
Glycol Market size by Application, 2020
Glycol Market by Application, 2020-2027

Polyalkylene Glycol Market Segmentation

Market Segmentation Overview

Detailed segmentation data will be available in the full report
Comprehensive analysis by multiple parameters
Regional and country-level breakdowns
Market size forecasts by segment

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