Rising Awareness Anticipated to Drive Polyethylene Terephthalate-Glycol (PETG) Market During 2017 - 2027 | Future Market Insights
Polyethylene Terephthalate-Glycol (PETG) is a thermoplastic polymer obtained by copolymerization of polyethylene Terephthalate and ethylene glycol. This plastic resin belongs to polyester family and finds a wide range of applications including those in food and beverages industry. It is used in manufacture of liquid containers, as well as in certain other packaging and thermoforming applications. Polyethylene Terephthalate-Glycol (PETG) is a clear amorphous thermoplastic which can be injection molded, sheet extruded and blow molded. PETG is colorless and exhibits relatively higher transparency. Moreover, PETG exhibits exceptional water and moisture barrier properties. Polyethylene Terephthalate-Glycol (PETG) products can be rigid to semi-rigid, depending on the thickness, and are relatively lighter in weight. Some of the other advantages of Polyethylene Terephthalate-Glycol (PETG) are that it is fully recyclable, strong and exhibits relatively higher impact-resistant as compared to regular PET resin. Moreover, PETG exhibits relatively higher resistance to heat sealing, ETO and gamma sterilization processes as compared to standard PET which tends to crystallize. Therefore, ability of PETG to resist rigorous ETO sterilization processes renders it appropriate for sterile barrier applications in medical devices and pharmaceuticals packaging, as well as for FDA-complaint food packaging. Furthermore, its usage is not confined to high purity applications, however aesthetic properties and resilience render it ideal for heat sealed and RF sealed blister packaging applications used for small electronic devices, cell phones, and other retail products.
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Polyethylene Terephthalate-Glycol (PETG) Market: Dynamics
In term of volume, plastics account for around 35% of the overall global packaging materials market. With the growth of the packaging industry, the demand for plastics in general is expected to grow significantly over the forecast period. Moreover, the demand for packaging materials such as Polyethylene Terephthalate-Glycol (PETG) is mainly dominated by food & beverages and healthcare & medical packaging applications. Thus, the growth of the food & beverages industry is, in turn, expected to drive the growth in demand for Polyethylene Terephthalate-Glycol (PETG over the forecast period. Additionally, the regulations pertaining to use of certain plastic materials such as PVC in food & beverages packaging application are expected to lead to rise in demand for alternative materials such as PET, PE and PETG, among others resins. Properties such as relatively lower contamination, UV resistance, recyclability, shock resistance, and relatively lower shrinkage are also expected to drive the growth of Polyethylene Terephthalate-Glycol (PETG) market during forecast period.
Polyethylene Terephthalate-Glycol (PETG) Market: Segmentation
Global Polyethylene Terephthalate-Glycol (PETG) market can be segmented on the basis of grades, application, end use and region
On the basis of grade, global Polyethylene Terephthalate-Glycol (PETG) market can be segmented as
Extrusion Grade PETG
Injection Molding Grade PETG
On the basis of application, global Polyethylene Terephthalate-Glycol (PETG) market can be segmented as
Films & Sheets
On the basis of end use, global Polyethylene Terephthalate-Glycol (PETG) market can be segmented as
Building & Construction
Food & Beverages
Electronics & Electricals
Healthcare & Pharmaceuticals
Polyethylene Terephthalate-Glycol (PETG) Market: Regional Outlook
Global Polyethylene Terephthalate-Glycol (PETG) market is in its growth phase, Asia pacific market is expected to dominate the global Polyethylene Terephthalate-Glycol (PETG) market in terms of both value and volume owing to the presence of large no of end use industries such as food & beverages, healthcare & pharmaceuticals and packaging, among others. Growth in these end use industries in the region is expected to directly contribute to the overall growth of Polyethylene Terephthalate-Glycol (PETG) market. North America is the second largest market for Polyethylene Terephthalate-Glycol (PETG) followed by Europe. Asia Pacific, North America and Europe are the three key markets for Polyethylene Terephthalate-Glycol (PETG) and account for a major share in overall global PETG market. Latin America and MEA are expected to account for relatively lower share in global Polyethylene Terephthalate-Glycol (PETG) market.
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Polyethylene Terephthalate-Glycol (PETG) Market: Market Participants
Some of participants in global Polyethylene Terephthalate-Glycol (PETG) market value chain are mentioned below. These manufacturers, collectively, account for a major share in global Polyethylene Terephthalate-Glycol (PETG) market
Eastman Chemical Company
Liaoyang petrochemical (CNPC)
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