Definition
Polyethylene glycol (PEG) is a water-soluble polymer with various molecular weights. It is non-toxic, biocompatible, and has excellent solubilizing properties. PEG is commonly used in pharmaceuticals, cosmetics, and industrial applications, serving as a solubilizing agent, excipient, and lubricant, among other roles.
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Key Details About the Polyethylene Glycol Price Trend:
In 2023, the prices of polyethylene glycol in Asia declined due to slow movement in end-user industries and excess product availability. Europe witnessed a positive trend with rising prices initially, stabilizing later, driven by reduced feedstock availability. North America also experienced stable prices as demand from cosmetics and related industries rose gradually, reducing stock availability. The supply chain disruptions and plant closures during the spring season further contributed to the positive price trend in the region.
Industrial Uses Impacting the Polyethylene Glycol Price Trend:
In the pharmaceutical industry, it is extensively used as an excipient, solubilizing agent, and drug carrier in various formulations, improving drug solubility and bioavailability. PEG finds widespread use in the production of cosmetics and personal care products, serving as an emulsifier and moisturizer. It acts as a lubricant in industrial processes, reducing friction and enhancing surface smoothness. In the food and beverage industry, PEG is utilized as a food additive to improve texture and stability. Additionally, PEG plays a role in textiles, ceramics, plastics, paper coatings, and more, highlighting its crucial position in modern industrial processes.
Key Players:
- Akzo Nobel N.V.
- BASF SE
- The Dow Chemical Company
- Liaoning Oxiranchem Inc
- India Glycols Ltd.
- Clariant AG
- INEOS Group Holdings S.A.
- Huntsman Corporation
- Jiangsu Haian Petroleum Chemical Factory
- Croda International Plc
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