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Global Activated Polyethylene Glycol (PEG) Market InsightDecember 29, 2021 Comments
The activated polyethylene glycol (PEG) is forecast to increase slowly over the next four years. According to the World Knowledge Information (WKI) “Global Activated Polyethylene Glycol (PEG) Professional Survey Report 2021, Forecast to 2026”, The increasing demand for active polyethylene glycol (PEG) in various end-user industries is expected to promote the consumption of activated polyethylene glycol (PEG) market in the forecast period.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 2.75% base on WKI regression analysis model.
“The European Commission has formulated support policies aimed at promoting the biopolymer industry. Industry participants in the wait-and-see period can increase investment, and leading enterprises can also consider mergers and acquisitions to stabilize their dominant position.” said Selena, Senior analyst, Chemical & Material Market Research Center in WKI.
Due to the rapid growth of pharmaceutical and chemical industries, the demand for PEG is increasing. These are the main factors leading to the increase of PEG sales market growth rate. In the past two decades, the rapid development of biotechnology and molecular biology has led to a significant increase in the number of biological products, such as proteins, peptides, hormones and enzymes for pharmaceutical applications, and promoted the development of PEG market. In addition, due to the expansion of the application scope in the construction and automobile industries, the popularity of water-based coatings, paints and inks is expected to increase the peg market demand in the forecast period.
There are other factors that market participants must consider. For example, polyethylene glycol as an intermediate will weaken the activity of antibiotics, especially penicillin and bacitracin, which will limit the market development of polyethylene glycol.
Global Activated Polyethylene Glycol (PEG) key players include NOF, JenKem Technology, Nektar Therapeutics, Dr. Reddy’s Laboratories, Merck, etc.
Segmentation of Activated Polyethylene Glycol (PEG) Market:
According to the type, the active polyethylene glycol market can be divided into linear peg, branched peg, multi arm peg and others. Linear peg has the largest market share, more than one-third. The linear peg series contains high-purity methoxy peg as the starting material and almost no bifunctional peg derived from glycol impurities. In addition, linear peg in liquid form is soluble in acetone, alcohol, benzene, glycerol and diols, and is widely used in pharmaceutical intermediates and medical devices. According to the application, the active polyethylene glycol market can be divided into pharmaceutical intermediates, medical equipment and others. Medical devices have the largest market share. Activated peg can be used both as a reagent for medical devices and in tablet formulations to improve the effectiveness of the adhesive and to give particle plasticity by combining it with another adhesive. The increasing use of activated peg in medical devices is expected to provide further growth opportunities for suppliers in the next few years.
Activated Polyethylene Glycol (PEG) Market: Regional Analysis
In terms of geography, the global activated polyethylene glycol (PEG) market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific region occupies the largest market share in the global activated PEG market. With the continuous growth of pharmaceutical and medical device industries in Japan, India and China, it is estimated that the Asia Pacific region will maintain its leading position in the forecast period. The medical device industry in Japan, China, South Korea and India is growing at a huge rate, which provides a lot of opportunities for activated PEG manufacturers to provide activated PEG for the medical device industry. In addition, due to the increasing demand for activated PEG in the region, the global activated PEG market in the Middle East and Africa may grow at a significant growth rate. Due to the growing biomedical industry in the United States, the active ethanol market in North America is also expected to grow.
Largest share area：Asia-Pacific
Largest share country：China