세계의 폴리 알킬렌 글리콜(PAG) 시장 : 수요, 생산능력, 수량, 가격대, 예측(-2034년)

Polyalkylene Glycol (PAG) is a synthetic compound widely recognized for its advanced lubrication properties. It offers a high viscosity index, exceptional thermal stability, low volatility, and superior solvency, outperforming traditional petroleum-based lubricants across key performance metrics. Derived from ethylene oxide and propylene oxide, PAGs are non-toxic, water-soluble, and biodegradable, making them a preferred choice in a variety of industrial and environmental applications.

The global PAG market is primarily driven by its expanding use in lubricants and functional fluids, which account for the largest share of its application. These include gear oils, compressor oils, hydraulic fluids, and metalworking lubricants. PAG's ability to perform under extreme temperatures and its compatibility with synthetic base oils make it suitable for high-performance formulations in sectors like automotive, food & beverage, and industrial manufacturing.

In terms of regional demand, Asia Pacific dominates the global market, accounting for more than 75% of total consumption, with China alone responsible for over 50% of the global demand. This growth is fueled by the region's rapidly expanding lubricants industry and increasing industrialization. North America and Western Europe follow with 15% and 12% shares, respectively.

Within the product types, Polyethylene Glycol (PEG) leads the market due to its versatility and widespread usage across multiple industries, including pharmaceuticals, personal care, and chemical intermediates. PEG's hygroscopic nature and thermal properties make it especially useful in applications requiring moisture control and thermal endurance.

Despite its benefits, PAG use comes with compatibility challenges. It is not suitable with all seal and paint materials-especially polyurethane, phenolic, and alkyd-based materials-and can degrade certain rubber, leather, and cork components. While these concerns are manageable, they underscore the critical importance of thoughtful material selection in both formulation development and equipment design.

The market is highly competitive, with major producers including BASF, INEOS, Clariant, Huntsman, and Shell. In Asia, Nippon Oil and Fat, Sanyo, and Idemitsu lead production, while Inspec and ICI dominate the European market. Shell's recent introduction of PAG-based fire-resistant fluids highlights the growing commitment among major lubricant manufacturers to invest in synthetic, high-performance, and environmentally safer lubrication solutions.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Types
  • Applications
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Personal Care
• Construction
• Industrial
• Chemical
• Others

5. Introduction to Polyalkylene Glycol (PAG) and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Polyalkylene Glycol (PAG) Demand Analysis, By Types, By Applications (Volume, Value) (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018- 2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Polyalkylene Glycol (PAG) Market, By Types
• Polyethylene Glycol
• Polypropylene Glycol
• Others
  • Global Polyalkylene Glycol (PAG) Market, By Applications
• Lubricants & Functional fluids
• Personal Care
• Pharmaceuticals
• Concrete Admixtures
• Surfactants
• Chemical Intermediates
• Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
• Demand
• Demand Growth Rate (%)
• Polyalkylene Glycol (PAG) Market, By Types
• Polyalkylene Glycol (PAG) Market, By Applications

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by types and applications have been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all types and applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

• Polyalkylene Glycol (PAG) Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• BASF
• INEOS Group
• Clariant
• Huntsman Corporation
• Idemitsu Kosan Co.
• Ashland Inc.
• Exxon Mobil
• AkzoNobel
• Stepan Company
• Bayer
• Repsol Group
• SABIC
• Royal Dutch Shell
• LyondellBasell Industries
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

• Demand - Regions
• Demand - Countries