Polyethylene Glycol Market Competitive And Growth Analysis 2024 | Exxon Mobil Corporation, Mitsui Chemicals Inc., BASF SE, Dow Chemical Company, Saudi Basic Industries Corporation

"The new report published by The Business Research Company, titled ""Polyethylene Glycol Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the polyethylene glycol market size has grown strongly in recent years. It will grow from $4.31 billion in 2023 to $4.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The polyethylene glycol market size is expected to see strong growth in the next few years. It will grow to $5.86 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.

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Medication Demand Propels Polyethylene Glycol Market Amid Healthcare Expansion
The rising demand for medication is expected to propel the growth of the polyethylene glycol market going forward. Factors behind the rising demand for medication include the increasing prevalence of chronic diseases, aging populations, advancements in medical treatments, expanding healthcare coverage, and rising consumer awareness of healthcare options. Polyethylene glycol acts as a fundamental element in pharmaceutical compositions, aiding in drug delivery mechanisms, boosting solubility, and enhancing the effectiveness of treatments. For instance, in December 2023, according to the data published by the Centers for Medicare & Medicaid Services, a US-based federal agency, prescription drug spending saw an 8.4% increase in 2022, reaching a substantial $405.9 billion, surpassing the growth rate observed in 2021 at 6.8%. Therefore, the rising demand for medication is driving the polyethylene glycol market.

High-Dose Formulations Enhancing Treatment Convenience And Patient Adherence
Major companies operating in the polyethylene glycol market are developing high-dose formulations of polyethylene glycol (PEG) medications to improve patient convenience and compliance. These formulations are designed to reduce the frequency of dosing, thereby enhancing patient adherence to the treatment regimen. For instance, in May 2022, EA Pharma Co., Ltd., a Japan-based specialty pharmaceutical company, in collaboration with its parent company Eisai Co. Ltd., a Japan-based health care company, and Mochida Pharmaceutical Co. Ltd., a Japan-based company providing pharmaceuticals and skin care products, launched MOVICOL HD, a high-dose formulation of the polyethylene glycol (PEG) medication MOVICOL LD. This product includes increased convenience by doubling the quantity per sachet, providing improved treatment options, and enhancing the patient experience for chronic constipation sufferers. These advancements represent significant progress in medical and pharmaceutical applications of polyethylene glycol, offering enhanced treatment efficacy and patient satisfaction, thus contributing to the ongoing evolution and growth of the polyethylene glycol market in addressing chronic constipation concerns.

The polyethylene glycol market covered in this report is segmented -

1) By Type: Molecular Weight (Mw) (Less than 1000), Molecular Weight (Mw) (1000-10000), Molecular Weight (Mw) (Greater Than 10000)
2) By Form: Opaque Liquid, Powder, Flakes, White Waxy Solid
3) By Application: Medical And Pharmaceutical, Automotive, Building And Construction, Plastics, Aerospace, Other Applications

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Major companies operating in the polyethylene glycol market are Exxon Mobil Corporation, Mitsui Chemicals Inc., BASF SE, Dow Chemical Company, Saudi Basic Industries Corporation, Thermo Fisher Scientific Inc., Mitsubishi Chemical Corporation, Merck KGaA, INEOS Group, Evonik Industries AG, Solvay S.A., Arkema S.A., Huntsman Corporation, PETRONAS Chemicals Group, Clariant, Croda International Plc, Ashland, Liaoning Oxiranphex Inc., India Glycols Limited, GFS Chemicals Inc., Saibaba Surfactants PVT LTD, Tokyo Chemical Industry Co. Ltd., Noah Chemicals, Carl Roth, Dynalene Inc.

Contents of the report:
1. Executive Summary
2. Polyethylene Glycol Market Report Structure
3. Polyethylene Glycol Market Trends And Strategies
4. Polyethylene Glycol Market - Macro Economic Scenario
5. Polyethylene Glycol Market Size And Growth
…..
27. Polyethylene Glycol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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