The polyalkylene glycol market is expected to grow from USD 2.04 billion in 2021 to reach USD 4.3 billion by 2028 at an impressive CAGR of 11.07% during the forecast period. Major factors such as rising demand for polyurethane foam and increasing demand for PAG-based lubricants in automobiles and refrigerator oils are expected to accelerate the demand of the market during the assessment period.