Global PETG and CHDM Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global PETG and CHDM Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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 Overview:

The latest research study on the global PETG and CHDM market finds that the global PETG and CHDM market reached a value of USD 1904.64 million in 2022. It’s expected that the market will achieve USD 2699.91 million by 2028, exhibiting a CAGR of 5.99% during the forecast period.

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.

Key Companies in the global PETG and CHDM market covered in Chapter 3:

SK
Eastman
Liaoyang Petrochemical

In Chapter 4 and Chapter 14.2, on the basis of types, the PETG and CHDM market from 2018 to 2029 is primarily split into:

Blow Molding Grade PETG
Injection Molding Grade PETG
Extruded Grade PETG

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the PETG and CHDM market from 2018 to 2029 covers:

Sheet
Film
Bottle/Container
Extruded Profile
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)