Global PETG Market Growth 2024-2030

Global PETG Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global PETG market size was valued at US$ 1196.4 million in 2023. With growing demand in downstream market, the PETG is forecast to a readjusted size of US$ 1411.1 million by 2030 with a CAGR of 2.4% during review period.

The research report highlights the growth potential of the global PETG market. PETG are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of PETG. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the PETG market.

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. PETG can be made by combining cyclohexane dimethanol (CHDM) with PTA and ethylene glycol, resulting in a glycol-modified polyester.

Global polyethylene terephthalate glycol (PETG) main manufacturers include Eastman, SK Chemical, Selenis, Jiangsu Jinghong, Liaoyang Petrochemical, etc. The top 2 companies hold a share about 90%.South Korea is the largest market with a share over 35%, followed by North America and Europe with the share about 25% and 15%.In terms of product, extruded grade is the largest segment, with a share over 43%. And in terms of application, the largest application is food & beverage, followed by cosmetic.

Key Features:

The report on PETG market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the PETG market. It may include historical data, market segmentation by Type (e.g., Extruded Grade PETG, Injection Molding Grade PETG), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the PETG market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the PETG market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the PETG industry. This include advancements in PETG technology, PETG new entrants, PETG new investment, and other innovations that are shaping the future of PETG.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the PETG market. It includes factors influencing customer ' purchasing decisions, preferences for PETG product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the PETG market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting PETG market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the PETG market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the PETG industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the PETG market.

Market Segmentation:

PETG market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Extruded Grade PETG
Injection Molding Grade PETG
Blow Molding Grade ETG

Segmentation by application
Sheet
Film
Bottle/Container
Extruded Profile
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
EASTMAN
SK
Simona
LSB(Artenius)
Liaoyang Petrochemical
Plaskolite
Mulford Plastics

Key Questions Addressed in this Report

What is the 10-year outlook for the global PETG market?

What factors are driving PETG market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do PETG market opportunities vary by end market size?

How does PETG break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.