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Market Overview of Global PETG and CHDM market:
According to our latest research, the global PETG and CHDM market looks promising in the next 5 years. As of 2022, the global PETG and CHDM market was estimated at USD 1904.64 million, and it's anticipated to reach USD 2699.91 million in 2028, with a CAGR of 5.99% during the forecast years.
PETG, glycol-modified polyethylene terephthalate, is a copolyester that is a clear amorphous thermoplastic. It has good viscosity, transparency, color, chemical resistance, and resistance to stress whitening. It can be thermoformed or extrusion blow molded very quickly.
Market Constraints and Challenges
CHDM, one of PETG's modified monomer raw materials, is expensive. The main reason is that CHDM synthesis is difficult and high technical barriers have led to fewer participants in the CHDM market. When the supply cost of CHDM is high and the number of suppliers is small, and the number of competitors on the demand side is large, if PETG manufacturers do not break through technical barriers to form backward integration, then raw material costs and prices will be unstable, which will limit the strategic development of the enterprise. In addition, although the technology of raw materials PTA and MEG has matured, prices are affected by the price of crude oil and other basic raw materials and the relationship between market supply and demand, showing varying degrees of fluctuations. If the PETG manufacturer's raw material autonomy is insufficient, all the required PTA and MEG come from external procurement, and the company's raw material procurement prices will also have a certain degree of uncertainty, so the fluctuation of procurement costs will affect the company's profitability. In contrast, the integrated production group can achieve control of upstream raw materials and have more stable operating capabilities.
Region Overview:
From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
Eastman is one of the major players operating in the PETG and CHDM market, holding a share of 67.15% in 2019.
Looking to address a growing need in the Mexican market, global specialty plastics provider Eastman has joined with Gonherrplast to create a new line of drinkware made with Eastman Tritan copolyester, a crystal clear and durable polymer that is also BPA-free and shatter resistant.
The Cara-e-piña glasses made with Tritan will offer Mexican consumers a high-end product that has been approved by the U.S. Food and Drug Administration (FDA) for food contact applications. It has excellent transparency and resistance to odors and stains. Tritan is shatter resistant, so it's ideal for safe outdoor entertaining and great for use by children. Plus, its resistance to high temperatures and chemicals makes it safe to put in the dishwasher.
Global specialty plastics provider Eastman introduces Tritan Renew copolyester. Tritan Renew offers sustainability without compromise, providing the same durability, performance and safety of original Tritan but now with up to 50% recycled content derived from waste plastic. Eastman will produce Tritan Renew with its innovative Advanced Circular Recycling technologies that use recycled plastic as a raw material, reduce consumption of fossil fuel and have lower greenhouse gas footprints.
Segmentation Overview:
Among different product types, Extruded Grade PETG segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Sheet segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global PETG and CHDM 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 PETG and CHDM Market Report:
Market Size Estimates: PETG and CHDM market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: PETG and CHDM market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the PETG and CHDM market
Segment Market Analysis: PETG and CHDM market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: PETG and CHDM market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the PETG and CHDM Market: Revenue and sales volume of major countries in each region
PETG and CHDM 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 PETG and CHDM market in major regions.
PETG and CHDM Industry Value Chain: PETG and CHDM market raw materials & suppliers, manufacturing process, distributors, downstream customers
PETG and CHDM Industry News, Policies & Regulations
Key players in the global PETG and CHDM market are covered in Chapter 12:
Liaoyang Petrochemical
SK
Eastman
In Chapter 2 and Chapter 15.1, based on types, the PETG and CHDM market from 2018 to 2028 is primarily split into:
Blow Molding Grade PETG
Injection Molding Grade PETG
Extruded Grade PETG
In Chapter 3 and Chapter 15.2, based on applications, the PETG and CHDM market from 2018 to 2028 covers:
Sheet
Film
Bottle/Container
Extruded Profile
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 PETG and CHDM 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