According to the Market Statsville Group (MSG), the Global polyethylene oxide Market was valued at USD 118 million in 2023 and is expected to grow from USD 123 million in 2024 to USD 157 million by 2033, by exhibiting a CAGR of 4.8% during the forecast period (2024-2033)

The market for polyethylene oxide (PEO) has been steadily growing across the global market due to the many areas of application. As of the recent information available, the market size is in the range of billions of dollars and is projected to grow at a moderate 3-5% year-on-year owing to rising demand from different segments of end-use industries. The growth rates can be uneven across regions as well as applications, but higher growth is expected from emerging economies. PEO is employed as a matrix system in tablets and as an emulsifying agent in solutions and as a carrier in drug delivery systems. Thus, its solubilizing property makes it useful in this industry. Some of the versatility of PEO is for industrial uses such as lubricants, coatings, and adhesive agents. Its properties enable its application in improving the performance and stability in those applications. PEO finds application in water treatment plants where it helps as a flocculating agent for purification of water from various impurities. Currently, North America leads this market since it has well-developed pharmaceutical as well as industrial segments. Market growth also benefits from high research and development costs and technological improvements in the area.

Furthermore, There is an emphasis on making PEO products sustainable and biodegradable. This has been growing because of environmental issues and regulations. New grades of PEO are now produced with enhanced properties as a result of advancements in polymer science. Compliance with regulations continues to be critical, especially in pharmaceutical and food industries. Manufacturers are increasingly pushing to meet the stringent requirements. The market has multiple key players engaging in intense R&D and strategic alliances to strengthen their market position. Large companies typically make both product lines as well as geographic expansion to secure their growth potential. Inflation or price variation in raw materials and its effect on production cost and pricing strategy will also play a key role. It is difficult for multinational companies, particularly in the pharmaceutical and food sectors, to meet many international requirements that could be in different countries.

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Scope of the Polyethylene Oxide Market

The study categorizes the polyethylene oxide market based on product type, application, and end-user area at the regional and global levels.

By Product Type Outlook (Sales, USD Million, 2019-2033)

• Low Molecular Weight PEO
• Medium Molecular Weight PEO
• High Molecular Weight PEO

By Application Outlook (Sales, USD Million, 2019-2033)

• Pharmaceuticals
• Cosmetics and Personal Care
• Industrial
• Water Treatment

By End User Outlook (Sales, USD Million, 2019-2033)

• Textile Industry
• Pharmaceutical Industry
• Paper Industry
• Building and Construction
• Metals and Mining
• Polymer Industry
• Cosmetic Industry
• Others

By Region Outlook (Sales, USD Million, 2019-2033)

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

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PEO segment accounts for the largest market share by Product Type

Based on the product type, PEO is used in preparing controlled-release drug delivery systems, in which it will form hydrophilic matrices to control the rate of release of the active ingredient. This is an important application for drugs which need to be released slowly over time, enhancing patient compliance and therapeutic efficacy. Like controlled-release, but aims at maintaining a therapeutic concentration of the drug in the bloodstream for a much longer period. The ability of PEO to form gels and matrices helps achieve these formulations. In tablet formulations, PEO acts as a binder to help create and hold together the tablet particles.
Additionally, it ensures the mechanical strength and integrity of tablets, allowing them to withstand handling and transportation while disintegrating appropriately in the digestive system. Enhances the uniformity of drug content in tablets and improves the dissolution profile of poorly soluble drugs. PEO is used for making poorly water-soluble drugs more soluble, in the form of a soluble complex or suspension. This application is very important for the preparation of oral as well as injectable drugs. Improve the drug bioavailability so that it becomes available to be suitably absorbed in the gastrointestinal tract or systemic circulation. 

North America accounted for the largest market share by Region.

Based on the region, North America is one of the significant markets for PEO. The well-established pharmaceutical, cosmetic, and industrial sectors play a key role in driving the demand for PEO in drug delivery systems as well as excipients in the region, backed by major pharmaceutical companies and strong R&D activities. High consumer spending on personal care products and an increasing focus on premium and innovative formulations drive demand for PEO. Advanced industrial processes and applications in lubricants and coatings bolster market growth. Investment in new drug delivery technologies and high-quality cosmetic formulations. Stringent regulations and high standards in pharmaceutical and personal care products drive the demand for high-purity PEO.

Competitive Landscape: Polyethylene Oxide Market

The polyethylene oxide market is a significant competitor and extremely cutthroat in the sector is using strategies including partnerships, product launches, acquisitions, agreements, and growth to enhance its position in the market. Most sectors of the businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.

Major players in the polyethylene oxide market are:

• Dow Chemical
• Sumitomo Seika
• Meisei Chemical Works
• Shanghai Liansheng Chemical
• Jilin Xingyun Chemical
• BASF SE
• Zibo Kaixin Chemical
• Global Fine Chemical
• Yuntian Synthetic Material
• IFF (DuPont)
• INEOS
• SABIC
• Clariant AG
• LyondellBasell Industries

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Recent Development 

• In June 2024, Clariant, a globally leading specialty chemical company, will take part in the Metal China 2024 exhibition to be staged on 4-7 July 2024 at the National Exhibition and Conventional Center in Shanghai, China. As one of the leading players in the foundry segment both in China and globally leveraging over 160 years of industry expertise, Clariant will highlight to show visitors the company’s latest innovations dedicated to various foundry processes and how those in the sector could stand to benefit from them.