The multinational Polyethylene Terephthalate Glycol (PETG) market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
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.
In the global Polyethylene Terephthalate Glycol (PETG) market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In market segmentation by manufacturers, the report covers the following companies-
Eastman
SK Chemical
Liaoyang Petrochemical
In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types :
Extruded Grade
Injection Molding Grade
Blow Molding Grade
In market segmentation by applications :
Food & Beverage
Cosmetic
Medical
Other
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Polyethylene Terephthalate Glycol (PETG) market for the forecast period 2020 - 2025?
• What are the driving forces in the Polyethylene Terephthalate Glycol (PETG) market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Polyethylene Terephthalate Glycol (PETG) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?