Los Angeles, CA -- (SBWIRE) -- 04/22/2019 -- Polyethylene terephthalate glycol (PETG) is a high-impact material produced from thermoplastic co-polyester which provides remarkable clarity and light transmission with high gloss in addition to impact resistance at low temperatures. PETG is used in a variety of packaging, industrial and medical applications.
With increasing demand from downstream industry, PETG production shows continuous upward trend in the recent few years. However, due to technology barrier, Eastman and SK Chemical are highly monopolizing the industry.
According to the manufacturing process, PETG can be mainly divided into three categories: extruded grade PETG, injection molding grade PETG and blow molding grade PETG, of which each has been widely used in certain fields. In 2018, demand from Food & Beverage field accounted for the largest consumption share, which held 37.75% market.
We tend to believe that this industry still has a bright future, considering the current demand. As for product prices, the slow downward trend in recent years will continue in the next few years, since competition intensifies gradually and more companies have intention to enter into the industry.
The global Polyethylene Terephthalate Glycol (PETG) market was 690 million US$ in 2018 and is expected to 770 million US$ by the end of 2025, growing at a CAGR of 1.5% between 2019 and 2025.
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This report studies the Polyethylene Terephthalate Glycol (PETG) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Polyethylene Terephthalate Glycol (PETG) in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Eastman
SK Chemical
Liaoyang Petrochemical
By the product type, the market is primarily split into
Extruded Grade
Injection Molding Grade
Blow Molding Grade
By the end users/application, this report covers the following segments
Food & Beverage
Cosmetic
Medical
Other
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