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    Polyalkylene Glycol Market Trends

    ID: MRFR/CnM/3645-HCR
    138 Pages
    Anshula Mandaokar
    October 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 2035

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    Market Trends

    Key Emerging Trends in the Polyalkylene Glycol Market

    The Polyalkylene Glycol Market is experiencing notable trends and developments that are shaping its trajectory: Rising Demand in Automotive Sector: There is a growing demand for polyalkylene glycols, particularly polyethylene glycol (PEG) and polypropylene glycol (PPG), in the automotive sector. These compounds are used as lubricants, coolants, and hydraulic fluids, contributing to improved vehicle performance and efficiency. Expansion in Construction Industry: The construction industry is a significant consumer of polyalkylene glycols, primarily in the form of polyethylene glycol ethers. These compounds are utilized in various construction applications such as cement additives, grouts, and mortars due to their water-reducing and plasticizing properties. Increasing Application in Personal Care Products: Polyalkylene glycols are widely used in the personal care and cosmetics industry as ingredients in skincare products, hair care products, and pharmaceutical formulations. Their properties, such as moisturizing, emulsifying, and solubilizing, make them valuable components in a range of cosmetic formulations. Growing Demand in Pharmaceuticals: The pharmaceutical industry is witnessing a growing demand for polyalkylene glycols, particularly polyethylene glycols, as excipients in drug formulations. These compounds are used as solvents, carriers, and viscosity modifiers in various pharmaceutical products, contributing to their stability and efficacy. Focus on Bio-based Polyalkylene Glycols: There is a growing trend towards the development of bio-based polyalkylene glycols derived from renewable feedstocks such as plant oils and sugars. Bio-based polyalkylene glycols offer environmental benefits, reduced carbon footprint, and compatibility with sustainable manufacturing practices, aligning with the growing demand for green alternatives. Technological Advancements: Continuous advancements in production technologies are driving improvements in the quality and performance of polyalkylene glycols. Manufacturers are investing in research and development to enhance process efficiency, optimize product properties, and develop novel applications for polyalkylene glycols. Expanding Industrial Applications: Polyalkylene glycols find applications across various industrial sectors such as textiles, food processing, and metalworking fluids. Their properties, including lubricity, thermal stability, and water solubility, make them suitable for a wide range of industrial processes, driving market growth. Market Expansion in Asia-Pacific Region: The Asia-Pacific region is emerging as a key market for polyalkylene glycols, driven by rapid industrialization, urbanization, and infrastructural development. Rising demand from end-use industries such as automotive, construction, and personal care is fueling market expansion in the region. Impact of COVID-19 Pandemic: The COVID-19 pandemic has had mixed effects on the polyalkylene glycol market. While disruptions in supply chains and manufacturing operations initially impacted market growth, the increased demand for pharmaceuticals, personal care products, and essential industrial applications has supported the market's resilience. Stringent Regulatory Standards: Regulatory standards related to product safety, environmental impact, and biodegradability are influencing market trends in the polyalkylene glycol industry. Manufacturers are adapting to comply with regulatory requirements while maintaining product quality and performance.

    Market Summary

    As per Market Research Future Analysis, the Polyalkylene Glycol Market was valued at USD 47.11 Billion in 2024 and is projected to grow to USD 91.99 Billion by 2035, with a CAGR of 6.27% from 2025 to 2035. 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 2024: USD 47.11 Billion Projected Market Size by 2035: USD 91.99 Billion CAGR from 2025 to 2035: 6.27% Significant growth in the Polypropylene Glycol segment due to its extensive use in various foams.

    Market Size & Forecast

    2024 Market Size USD 47.11 Billion
    2035 Market Size USD 91.99 Billion
    CAGR (2024-2035) 6.27%

    Major Players

    <p>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.)</p>

    Market Trends

    <p>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.</p>

    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

    <p>The Global Polyalkylene Glycol Market is projected to grow at a 6.27% CAGR from 2025 to 2035, driven by increasing demand in pharmaceuticals, cosmetics, and industrial applications.</p>

    New opportunities lie in:

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

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

    Market Segmentation

    Report Scope

    Attribute/MetricDetails
    Market Size 2024USD 47.11 billion
    Market Size 203591.99 (Value (USD Billion))
    Compound Annual Growth Rate (CAGR)6.27% (2025 - 2035)
    Base Year2024
    Market Forecast Period2025 - 2035
    Historical Data2019- 2021
    Market Forecast UnitsValue (USD Billion)
    Report CoverageRevenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments CoveredType, Application, and Region
    Geographies CoveredNorth America, Europe, Asia Pacific, and the Rest of the World
    Countries CoveredThe 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 OpportunitiesRising production of Bio-based Polyol
    Key Market DynamicsRising demand for sports and leisure industry. Increased consumption of polyurethane foam in the automotive sector.
    Market Size 202550.06 (Value (USD Billion))

    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. Table of Contents:
    2. 1    Executive Summary
    3. 2    Scope of the Report
      1.     Market Definition
      2.     Scope of the Study
        1.     Research Objectives
        2.     Assumptions & Limitations
      3.     Markets Structure
    4. 3    Market Research Methodology
      1.     Research Process
      2.     Secondary Research
      3.     Primary Research
      4.     Forecast Model
    5. 4    Market Landscape
      1.     Porter’s Five Forces Analysis
        1.     Threat of New Entrants
        2.     Bargaining power of buyers
        3.     Threat of substitutes
        4.     Segment rivalry
      2.     Value Chain/Supply Chain of Global Polyalkylene Glycol Market
    6. 5    Industry Overview of Global Polyalkylene Glycol Market
      1.     Introduction
      2.     Growth Drivers
      3.     Impact analysis
      4.     Market Challenges
    7. 6    Market Trends
      1.     Introduction
      2.     Growth Trends
      3.     Impact analysis
    8.   Global Polyalkylene Glycol Market by Product
      1.     Introduction
      2.     Polyethylene glycol 
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      3.     Polypropylene glycol 
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
    9.   Global Polyalkylene Glycol Market by Application
      1.     Introduction
      2.        Polyurethane foam 
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      3.     Functional fluids 
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      4.     Lubricants 
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      5.     Personal care 
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      6.      Pharmaceuticals 
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      7.     Surface active agents 
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      8.         Others
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
    10.     Global Polyalkylene Glycol Market by Region
      1.     Introduction
      2.     North America
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Product, 2020-2027
        3. Market Estimates & Forecast by Application, 2020-2027
        4.     US
        5.     Canada
        6.     Mexico
      3.     Europe
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Product, 2020-2027
        3. Market Estimates & Forecast by Application, 2020-2027
        4.     Germany
        5.     France
        6.     Italy
        7.     U.K
        8.     Rest of Europe
      4.     Asia Pacific
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Product, 2020-2027
        3. Market Estimates & Forecast by Application, 2020-2027
        4.     China
        5.     India
        6.     Japan
        7.      Rest of Asia Pacific
      5.     The Middle East & Africa 
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Product, 2020-2027
        3. Market Estimates & Forecast by Application, 2020-2027
        4. Saudi Arabia
        5. Qatar
        6. North Africa 
        7. GCC
        8. Rest of the Middle East & Africa 
      6.     Latin America
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Product, 2020-2027
        3. Market Estimates & Forecast by Application, 2020-2027
        4. Brazil 
        5. Argentina 
        6. Rest of Latin America 
    11. Company Landscape
    12. Company Profiles
      1.     BASF SE 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      2.     The Dow Chemical Company 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      3.     INEOS 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      4.     SABIC 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      5.      LyondellBasell Industries Holdings B.V.
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      6.       DuPont 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      7.      Royal Dutch Shell plc 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      8.     Bayer AG 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      9.     Clariant 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      10.     Huntsman International LLC 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      11.     Idemitsu Kosan Co. 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      12.     Croda International PLC
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      13.     Exxon Mobil Corporation 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      14.     Akzo Nobel N.V. 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      15.     Repsol 
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
    13. 12    Conclusion
    14. List of Tables and Figures
      1. List of Tables:
      2. Table 1    World Population by Major Regions (2017 to 2030)  
      3. Table 2    Global Polyalkylene Glycol Market: By Region, 2020-2027  
      4. Table 3    North America Polyalkylene Glycol Market: By Country, 2020-2027  
      5. Table 4    Europe Polyalkylene Glycol Market: By Country, 2020-2027  
      6. Table 5    Asia Pacific Polyalkylene Glycol Market: By Country, 2020-2027  
      7. Table 6    The Middle East & Africa Polyalkylene Glycol Market: By Country, 2020-2027  
      8. Table 7    Latin America Polyalkylene Glycol Market: By Country, 2020-2027  
      9. Table 8    Global Polyalkylene Glycol by Product Market: By Regions, 2020-2027  
      10. Table 9    North America Polyalkylene Glycol by Product  Market: By Country, 2020-2027   Table10    Europe Polyalkylene Glycol by Product Market: By Country, 2020-2027   Table11    Asia Pacific Polyalkylene Glycol by Product Market: By Country, 2020-2027   Table12    The Middle East & Africa Polyalkylene Glycol by Product Market: By Country, 2020-2027   Table13    Latin America Polyalkylene Glycol by Product Market: By Country, 2020-2027   Table14    Global Polyalkylene Glycol by Application Market: By Regions, 2020-2027   Table15    North America Polyalkylene Glycol by Application Market: By Country, 2020-2027   Table16    Europe Polyalkylene Glycol by Application Market: By Country, 2020-2027   Table17    Asia Pacific Polyalkylene Glycol by Application Market: By Country, 2020-2027   Table18    The Middle East & Africa Polyalkylene Glycol by Application Market: By Country, 2020-2027   Table19    Latin America Polyalkylene Glycol by Application Market: By Country, 2020-2027   Table20    Global Product Market: By Region, 2020-2027   Table21    Global Application Market: By Region, 2020-2027   Table22    North America: Polyalkylene Glycol Market, By Country   Table23    North America: Polyalkylene Glycol Market, By Product Table24    North America: Polyalkylene Glycol Market, By Application   Table25    Europe: Polyalkylene Glycol Market, By Country   Table26    Europe: Polyalkylene Glycol Market, By Product Table27    Europe: Polyalkylene Glycol Market, By Application Table28    Asia Pacific: Polyalkylene Glycol Market, By Country   Table29    Asia Pacific: Polyalkylene Glycol Market, By Product Table30    Asia Pacific: Polyalkylene Glycol Market, By Application    Table31    The Middle East & Africa: Polyalkylene Glycol Market, By Country   Table32    The Middle East & Africa: Polyalkylene Glycol Market, By Product Table33    The Middle East & Africa: Polyalkylene Glycol Market, By Application    Table34    Latin America: Polyalkylene Glycol Market, By Country   Table35    Latin America: Polyalkylene Glycol Market, By Product Table36    Latin America: Polyalkylene Glycol Market, By Application     List of Figures:
      11. FIGURE 1  Global Polyalkylene Glycol Market Segmentation
      12. FIGURE 2  Forecast Methodology
      13. FIGURE 3  Five Forces Analysis of Global Polyalkylene Glycol Market
      14. FIGURE 4  Value Chain of Global Polyalkylene Glycol Market
      15. FIGURE 5   Share of Global Polyalkylene Glycol Market in 2020, by country (in %)
      16. FIGURE 6   Global Polyalkylene Glycol Market, 2020-2027,
      17. FIGURE 7   Sub segments of Product
      18. FIGURE 8   Global Polyalkylene Glycol Market size by Product, 2020
      19. FIGURE 9   Share of Global Polyalkylene Glycol Market by Product, 2020-2027
      20. FIGURE 10   Global Polyalkylene Glycol Market size by Application, 2020
      21. FIGURE 11   Share of Global Polyalkylene 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
    Infographic

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