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PETG Market Share Rises Driven by Demand in Packaging, Medical Devices, and 3D Printing | Valuates Reports
PETG Market SizeThe global PETG market was valued at US$ 1223 million in 2023 and is anticipated to reach US$ 1438.9 million by 2030, witnessing a CAGR of 2.3% during the forecast period 2024-2030.
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Market Size and Industry Context:
The PETG (Polyethylene Terephthalate Glycol) market is experiencing robust growth due to increasing demand from sectors like packaging, medical, and 3D printing. Known for its clarity, strength, and chemical resistance, PETG has become a go-to material for manufacturers looking for sustainable and durable solutions. As industries shift toward recyclable and easy-to-process materials, the market size for PETG continues to expand.
Market Share and Regional Overview:
Asia-Pacific dominates the PETG market share, propelled by strong industrial production and demand in consumer packaging and healthcare sectors. North America and Europe are also notable contributors, with adoption fueled by environmental regulations and innovations in 3D printing. The global PETG market is witnessing balanced regional contributions, with each market leveraging local demand and technology to gain ground.
Market Growth, Revenue Trends, and Analysis:
The PETG market is projected to grow steadily as applications diversify and innovation in processing methods advances. Revenue is being driven by increased use in transparent packaging, protective medical equipment, and lightweight structural components. Market analysis indicates a positive trajectory for PETG, supported by sustainability goals and rising preference for performance polymers in manufacturing workflows.
Segment by Type
• Extruded Grade PETG
• Injection Molding Grade PETG
• Blow Molding Grade ETG
Segment by Application
• Sheet
• Film
• Bottle/Container
• Extruded Profile
• Others
By Company
EASTMAN, SK, Simona, LSB(Artenius), Liaoyang Petrochemical, Plaskolite, Mulford Plastics
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