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Market Overview of Global Copolyesters market:
According to our latest research, the global Copolyesters market looks promising in the next 5 years. As of 2022, the global Copolyesters market was estimated at USD 2574.84 million, and it's anticipated to reach USD 3617.45 million in 2028, with a CAGR of 5.83% during the forecast years.
Copolyester forms when modifications are made to polyesters, which are combinations of diacids and diols. For example, by introducing other diacids, such as isophthalic acid (IPA), or other diols, such as cyclohexane dimethanol (CHDM) to the polyester polyethylene terephthalate (PET), the material becomes a copolyester due to its comonomer content.
Copolyesters retain their strength, clarity, and other mechanical properties even when exposed to a variety of chemicals that typically affect other materials, such as polycarbonates. This, plus their versatility and flexibility, allows manufacturers to use them effectively in the design of both high-volume, low-cost parts as well as critical, more expensive component parts. Copolyesters offer versatility to meet a wide variety of applications. Copolyester resins have proved to be effective in packaging applications, due to their toughness, versatility and chemical resistance. They are also frequently used in the manufacture and packaging of consumer goods and materials.
The COVID-19 outbreak has had a negative impact on the industry.
The raging COVID-19 has plunged the global economic environment into depression, which will have adverse effects on all industries. The impact of COVID-19 on the copolyester industry will involve all entities in the industrial chain. The company's management efficiency has declined, commuting has been blocked, production plans have been blocked, network expansion has been delayed, marketing has been delayed, brands have been forced to adjust, market sales have fallen, and company and employee income has fallen. The global spread of COVID-19 has led to a decline in industry supply and demand. Therefore, overcoming the negative and long-term effects of the COVID-19 outbreak on the copolyester industry is a challenge for the copolyester industry.
The manufacturer's monopoly on this market has been broken, and more and more manufacturers will participate in the competition.
Copolyester materials such as PETG and PCTG have a wide range of uses. For example, PCTG is mainly used for high temperature resistant shells under the hoods of automobiles and automobiles, and transparent corrosion-resistant shells for microwave ovens and ovens. High-temperature tableware and food trays, sanitary and non-toxic food packaging materials, etc. These modified materials have outstanding chemical resistance, durability and formability, and are suitable for manufacturing. PET uses the same monomers as ethylene glycol-modified PETG, but PETG has higher strength and durability, and is more impact-resistant and more suitable for higher temperatures. PETG is very suitable for bending, die cutting and wiring techniques. In recent years, with the expansion of the market, manufacturers have continued to carry out R&D and investment. As the supply chain monopoly of Eastman and South Korean manufacturers in the market is broken, more and more manufacturers will participate in the competition.
Copolyester is widely used in downstream markets.
Copolyester is a modified polyester material. Due to the excellent properties of copolyester, it has a wide range of applications in packaging materials, electronic appliances, medical equipment, automobiles and other industries. For example, PETG is a non-crystalline copolyester. PETG products have high transparency and high gloss. It is a new transparent engineering plastic. PRTG has the advantages of excellent impact strength, good heat resistance, good heat-sealability, non-whitening in bending, scratch resistance, anti-aging resistance, and anti-static properties. And excellent chemical resistance, low extraction, hydrolysis resistance, good fluidity, strong coloring power, easy molding and processing, and good hygiene (in compliance with FDA). It belongs to a new generation of environmentally friendly plastics. Traditional extrusion, injection molding, blow molding and blister molding methods can be used, and can be widely used in the market of sheet materials, high-performance shrink films, bottles and profiles. At the same time, its secondary processing performance is excellent, and it can be modified by conventional machining. The extensive downstream applications of copolyesters are one of the important factors driving the development of the copolyester industry.
Region Overview:
In global comparison, a significant portion of the revenue was generated in North America (46.66% in 2021).
Company Overview:
Eastman is one of the major players operating in the Copolyesters market, holding a share of 34.2% in 2022.
Eastman
Eastman Chemical Company is an international chemical company which produces chemicals, fibers, and plastics. The Company's operations include coatings, adhesives, specialty polymers, inks, fibers, performance chemicals and intermediates, performance polymers, and specialty plastics.
SK Chemicals
SK manufactures environmentally friendly materials. The Company produces and sells composites, high-performance materials, energy saving materials, and other products. SK Chemicals also offers total healthcare solutions services. SK Chemicals serves customers worldwide.
Segmentation Overview:
By type, PETG segment accounted for the largest share of market in 2021.
PETG
Compared with PET, the biggest feature of PETG is that PETG meets the concept of environmental protection and food FDA certification. PETG is currently receiving more and more attention from related products. PET is mainly used in food packaging films and textile fibers and other uses. The successful application of PET in beverage packaging materials is due to its toughness and transparency, excellent economic value and the development of high-speed bottle processing technology. PETG has high rigidity, hardness and good toughness, and it maintains its due toughness even at low temperatures. The combination of transparency, toughness and melt strength make it useful for injection molding, blow molding and extrusion of profiles, pipes, films and plates.
PCTG, PCTA
PCT is a high-temperature, semi-crystalline thermoplastic polyester. Its good mechanical and thermal properties make PCT have a very wide range of applications. PCT can be used in the automotive industry, electronics industry and pharmaceutical industry. PCTA can be used in special packaging. Because it has a higher softening temperature, it is used in applications that require heat resistance. In terms of performance, PCTG will become a low-cost alternative for those applications that do not require the rigidity and heat resistance of polycarbonate. At the same time, PCTG is resistant to gamma-ray radiation and can be used in the medical field.
Application Overview:
By application, the Package Materials segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Copolyesters market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Copolyesters Market Report:
Market Size Estimates: Copolyesters market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Copolyesters market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Copolyesters market
Segment Market Analysis: Copolyesters market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Copolyesters market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Copolyesters Market: Revenue and sales volume of major countries in each region
Copolyesters Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Copolyesters market in major regions.
Copolyesters Industry Value Chain: Copolyesters market raw materials & suppliers, manufacturing process, distributors, downstream customers
Copolyesters Industry News, Policies & Regulations
Key players in the global Copolyesters market are covered in Chapter 12:
Others
Eastman
SK Chemicals
Toyobo
Macroocean
Celanese
Bostik
Royal DSM
BASF
Evonik
DuPont
In Chapter 2 and Chapter 15.1, based on types, the Copolyesters market from 2018 to 2028 is primarily split into:
PETG
PCTG, PCTA
Others
In Chapter 3 and Chapter 15.2, based on applications, the Copolyesters market from 2018 to 2028 covers:
Package Materials
Electronics & Appliances
Medical Devices
Automotive
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Copolyesters market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028