Global Polyalkylene Glycol Market: Overview

Polyalkylene Glycol is a polyether compound got as a wax-like substance, crystalline in nature. It is dissolvable in different natural solvents, for example, benzene, chloroform, and others. Besides, its non-lethality, wear opposition, long solidness, and prevalent execution are the critical patterns and factors impacting the market unhesitatingly. In this manner, they are utilized in different applications, for example, polyurethane froth, useful liquids, greases, individual consideration, pharmaceuticals, surface dynamic operators, and others. PAG was produced as an option in contrast to chlorofluorocarbon's (CFC's) after the boycott due to its hurtful consequences for ozone layer. PAG is condition well-disposed and has low danger at operational focuses. 

Oil solvent Polyalkylene glycol offers better rubbing when it is utilized as added substance and it is an option in contrast to manufactured ester as a contact modifier. Polyalkylene glycol are additionally utilized as oils in material assembling hardware. 

Personal Care to Emerge as Popular Application Segment

The principle types of polyalkylene glycol (PAG) accessible in the market are polypropylene glycol (PPG) and polyethylene glycol (PEG), among others, including copolymers and higher adducts. Among them, PPG and PEG rake in most revenue. This is a result of the across the board utilization of PPG in polyurethane froth and the broad utilization of PEG in regions, for example, pharmaceutical, personal care, grease, and practical liquid. 

In light of utilizations, the global market for polyalkylene glycol (PAG) can be arranged into ointments, polyurethane (PU) froth, individual consideration, utilitarian liquids surface dynamic operators, and pharmaceutical, among others. Of them, the PU froth segment represents a main offer in the market. The application segment of oils additionally holds a key position in the market. It held 15% offer in the market versus volume in 2014, reveals the TMR report. Going ahead, be that as it may, the individual consideration application segment is anticipated to outpace all others regarding growth rate. Truth be told, makers of global polyalkylene glycol (PAG) are as of now benefitting fundamentally from the individual consideration and pharmaceutical divisions. 

Asia Pacific to Remain Dominant Regional Market

By region, the global polyalkylene glycol (PAG) market is divided into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa (MEA). In 2014, Asia Pacific commanded the global polyalkylene glycol market with an offer of more than 45%. Asia Pacific is expected to proceed with its predominance over the coming year. Latin America is anticipated to display the quickest growth in the global polyalkylene glycol market. North America will likewise display a CAGR higher than the normal market growth over the forecast time frame because of the recuperating construction industry and extending automotive and pharmaceutical enterprises in this region. 

The market for polyalkylene glycol (PAG) in the Middle East and Africa (MEA) is likewise slated to exhibit great growth because of the PU froth and ointment applications driving interest. The growth business again will be a principle driver of growth in the region. 
Some of the key players operating in the global polyalkylene glycol market are Saudi Basic Industries Corporation (SABIC), DuPont, LyondellBasell Industries, Clariant International, and INEOS Group AG. 

Polyalkylene glycols (PAG) are polymeric compounds of one or more alkylene oxide (ethoxide) monomers connected through -R–O- ether linkages. PAGs are also known as polyether polyols, polyglycols, polyethers, and polyalkylene oxides in the industry. PAG includes polymers of the corresponding ethoxides; for instance, polyethylene glycol (PEG) is obtained from ethylene oxide (EO) and similarly, polypropylene glycol (PPG) is produced from propylene oxide (PO). PAGs are versatile polymeric compounds used in the manufacturing of variety of products. The end-products manufactured from PAGs are used in several industries including construction, automotive, aerospace, marine, pharmaceutical, personal care, and chemicals.


This report provides a detailed description of the global PAG market based on volume share (kilo tons) and revenue (US$ Mn) for the period from 2014 to 2023. It highlights the factors contributing to the growth of the market, and the restraints impeding the market. Detailed forecast for PAG from 2015 to 2023 has been given separately for providing a better understanding of the market scenario. The PAG market is described with respect to various segments along with the expected opportunities during the next six years.


In terms of geography, the global PAG market has been segmented into the following regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). Each region has been further divided into countries which have been found to be the key markets for PAG. 


On the basis of products, the study segments the market into: polyethylene glycol (PEG), polypropylene glycol (PPG), and others (including higher adducts and copolymers). The study also segments the PAG market on the basis of applications into: polyurethane (PU) foam, functional fluids, lubricants, personal care, pharmaceutical, surface active agents, and others (including chemical intermediates, CASE, and additives). It provides forecasts and estimates for each product and application segment in terms of revenue and volume during the forecast period from 2015 to 2023 for each region, and inclusive of the countries as well. The study also analyzes market attractiveness for all applications of PAG with the help of the market attractiveness tool.


Increasing demand for PAG in key applications such as PU foam and lubricants is projected to fuel the global PAG market. Swift growth in construction and automotive industries in the emerging countries is anticipated to generate huge demand for PU foams and lubricants, and eventually lead to the growth of the PAG market. The personal care and pharmaceuticals applications are high-value, low-volume markets for PAG and are expected to be prospective markets driving the growth of PAG market in the near future. However, the fluctuating prices of crude oil prices put a downward pressure on the margins of market players. Furthermore, cheaper alternatives of PAG such as conventional oils are available for lubricant applications. The two factors mentioned above are likely to hamper growth of the PAG market during the forecast period. 


Value chain analysis and Porter’s five forces model have been given for providing a comprehensive view of the market. These would also help understand the specifics of the industry structure apart from giving an overview of the degree of competitiveness. Additionally, the company market share analysis has been included in order to illustrate the competitive scenario in the PAG market further. The report also includes detailed profiles of key players such as the Dow Chemical Company (Dow), Bayer AG, BASF SE, Royal Dutch Shell plc (Shell), LyondellBasell Industries N.V., E. I. du Pont de Nemours and Company (DuPont), INEOS Group AG, Clariant International Ltd., Saudi Basic Industries Corporation (SABIC), and Repsol Group. A detailed description of the players includes parameters such as company overview, financial overview, business strategies, upcoming facilities, capacity addition, mergers, acquisitions and joint ventures, new products, and recent developments.

The report segments the global PAG market as:

  • Polyalkylene Glycol (PAG) Market – Product Segment Analysis

    • Polyethylene Glycol (PEG)
    • Polypropylene Glycol (PPG)
    • Others (Including higher adducts, copolymers, etc.)
  • Polyalkylene Glycol (PAG) Market – Application Analysis

    • Polyurethane (PU) Foam
    • Functional Fluids
    • Lubricants
    • Personal Care
    • Pharmaceutical
    • Surface Active Agents
    • Others (Including chemical intermediates, CASE, additives, etc.)
  • Polyalkylene Glycol (PAG) Market & Regional Analysis

    • North America

      • U.S.
      • Rest of North America
    • Europe

      • France
      • UK
      • Spain
      • Germany
      • Russia
      • Rest of Europe
    • Asia Pacific

      • China
      • Japan
      • ASEAN
      • Rest of Asia Pacific
    • Latin America

      • Brazil
      • Rest of Latin America
    • Middle East and Africa (MEA)

      • GCC
      • South Africa
      • Rest of MEA