Global Polyethylene Terephthalate Glycol (PETG) Market to Reach USD 2.47 Billion by 2031, Driven by Sustainability and Versatile Applications

LOS ANGELES, United States: The report is a must-have for business strategists, participants, consultants, researchers, investors, entrepreneurs, and other interested parties associated with the global Polyethylene Terephthalate Glycol (PETG) market. It is also a highly useful resource for those looking to foray into the global Polyethylene Terephthalate Glycol (PETG) market. Besides Porter's Five Forces and SWOT analysis, it offers detailed value chain assessment, comprehensive study on market dynamics including drivers, restraints, and opportunities, recent trends, and industry performance analysis. Furthermore, it digs deep into critical aspects of key subjects such as market competition, regional growth, and market segmentation so that readers could gain sound understanding of the global Polyethylene Terephthalate Glycol (PETG) market.

The global market for Polyethylene Terephthalate Glycol (PETG) was valued at US$ 1686 million in the year 2024 and is projected to reach a revised size of US$ 2470 million by 2031, growing at a CAGR of 5.7% during the forecast period.

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Global key players of Polyethylene Terephthalate Glycol (PETG) include Eastman, SK Chemical, etc. The top two players hold a share over 87%.

China is the largest market, with a share about 41%, followed by North America and Europe, with share 23% and 15%, separately.

In terms of product type, Extruded Grade is the largest segment, occupied for a share of 45%.

In terms of application, Food and Beverage Containers are the largest, which have a share about 47 percent.

Market Growth Drivers:

Material Versatility: PETG is widely preferred for its clarity, durability, recyclability, and chemical resistance, making it ideal for industries like packaging, healthcare, and electronics.

Sustainable Packaging Demand: Growing environmental awareness and global regulatory shifts are boosting demand for recyclable materials, positioning PETG as a sustainable alternative.

Glass & Plastic Substitution: PETG is increasingly replacing traditional materials due to its lightweight, impact-resistant, and cost-effective characteristics.

Expanding End-Use Industries: Rapid growth in food and beverage, medical, and personal care industries is accelerating PETG adoption.

Technological Innovations: Advances in polymer chemistry and manufacturing techniques are enhancing the performance and range of PETG applications.

Market Challenges:

Rising Competition: PETG competes with polymers like polyethylene (PE), polypropylene (PP), and polycarbonate (PC), which may offer similar benefits at lower costs.

Raw Material Price Fluctuations: Variability in prices of ethylene glycol and terephthalic acid can affect production economics and overall market pricing.

Regulatory Pressures: Compliance with global recycling, food safety, and environmental regulations necessitates ongoing R&D investments.

Infrastructure Gaps: Limited recycling infrastructure in certain regions can restrict PETG's circular economy potential.

Consumer Perception Issues: Public misperceptions around PETG being a single-use plastic challenge its image as a sustainable solution.

Leading Players

The competitive analysis included in the report helps readers to become aware of unique characteristics of the vendor landscape and crucial factors impacting the market competition. It is a very important tool that players need to have in their arsenal for cementing a position of strength in the global Polyethylene Terephthalate Glycol (PETG) market. Using this report, players can use effective business tactics to attract customers and improve their growth in the global Polyethylene Terephthalate Glycol (PETG) market. The study provides significant details about the competitive landscape and allows players to prepare for future challenges beforehand.

Details of Polyethylene Terephthalate Glycol (PETG) Market Segmentation: -

Segment by Key Manufacturers:

Eastman
SK Chemical
Selenis
Jiangsu Jinghong
Liaoyang Petrochemical
Huahong Chemical Fiber
Dragon Special Resin(Xiamen)
China Resources Chemical Materials
Henan Yinjinda New Materials
Wankai New Materials
Hubei Guoxin Juzhi

Segment by Type

Extruded Grade
Injection Molding Grade
Blow Molding Grade

Segment by Application

Food & Beverage
Cosmetic
Medical
Others

The segmental analysis includes deep evaluation of each and every segment of the global Polyethylene Terephthalate Glycol (PETG) market studied in the report. All of the segments of the global Polyethylene Terephthalate Glycol (PETG) market are analyzed on the basis of market share, revenue, market size, production, and future prospects. The regional study of the global Polyethylene Terephthalate Glycol (PETG) market explains how different regions and country-level markets are making developments. Furthermore, it gives a statistical representation of their progress during the course of the forecast period. Our analysts have used advanced primary and secondary research methodologies to compile the research study on the global Polyethylene Terephthalate Glycol (PETG) market.

Regional Analysis

The global Polyethylene Terephthalate Glycol (PETG) market is extensively analyzed on the basis of geography, where important regions and countries are deeply studied to understand their current and future market growth. The report provides market shares, consumption, production, revenue, and other estimations of regional markets. This helps players to target lucrative areas of the global Polyethylene Terephthalate Glycol (PETG) market and expand their market presence across the world.

Reasons to Buy the Report

(1) Upgrade your market research resources with this comprehensive and accurate report on the global Polyethylene Terephthalate Glycol (PETG) market

(2) Get complete understanding of general market scenarios and future market situations to prepare for rising above the challenges and ensuring strong growth

(3) The report offers in-depth research and various tendencies of the global Polyethylene Terephthalate Glycol (PETG) market

(4) It provides detailed analysis of changing market trends, current and future technologies used, and various strategies adopted by leading players of the global Polyethylene Terephthalate Glycol (PETG) market

(5) It offers recommendations and advice for new entrants of the global Polyethylene Terephthalate Glycol (PETG) market and carefully guides established players for further market growth

(6) Apart from hottest technological advances in the global Polyethylene Terephthalate Glycol (PETG) market, it brings to light the future plans of dominant players in the industry

Data Collection Matrix

We looked for primary and secondary sources from both the supply and demand sides of the global Polyethylene Terephthalate Glycol (PETG) market for collecting data and information to prepare this encyclopedic research study. From the supply side, our primary sources were technology distributors and wholesalers and manufacturers, whereas our secondary sources were economic and demographic data reports, independent investigations, government publications, and company publications and reports. From the demand side, we relied on mystery shopping, consumer surveys, and end-user surveys for primary research and reference customers and case studies for secondary research.

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Table of Contents

1 Polyethylene Terephthalate Glycol (PETG) Market Overview
1.1 Product Definition
1.2 Polyethylene Terephthalate Glycol (PETG) by Type
1.2.1 Global Polyethylene Terephthalate Glycol (PETG) Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Extruded Grade
1.2.3 Injection Molding Grade
1.2.4 Blow Molding Grade
1.3 Polyethylene Terephthalate Glycol (PETG) by Application
1.3.1 Global Polyethylene Terephthalate Glycol (PETG) Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Food & Beverage
1.3.3 Cosmetic
1.3.4 Medical
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Polyethylene Terephthalate Glycol (PETG) Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Polyethylene Terephthalate Glycol (PETG) Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Polyethylene Terephthalate Glycol (PETG) Production Estimates and Forecasts (2020-2031)
1.4.4 Global Polyethylene Terephthalate Glycol (PETG) Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global Polyethylene Terephthalate Glycol (PETG) Production Market Share by Manufacturers (2020-2025)
2.2 Global Polyethylene Terephthalate Glycol (PETG) Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Polyethylene Terephthalate Glycol (PETG), Industry Ranking, 2023 VS 2024
2.4 Global Polyethylene Terephthalate Glycol (PETG) Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Polyethylene Terephthalate Glycol (PETG) Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Polyethylene Terephthalate Glycol (PETG), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Polyethylene Terephthalate Glycol (PETG), Product Offered and Application
2.8 Global Key Manufacturers of Polyethylene Terephthalate Glycol (PETG), Date of Enter into This Industry
2.9 Polyethylene Terephthalate Glycol (PETG) Market Competitive Situation and Trends
2.9.1 Polyethylene Terephthalate Glycol (PETG) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Polyethylene Terephthalate Glycol (PETG) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion

3 Polyethylene Terephthalate Glycol (PETG) Production by Region
3.1 Global Polyethylene Terephthalate Glycol (PETG) Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Polyethylene Terephthalate Glycol (PETG) Production Value by Region (2020-2031)
3.2.1 Global Polyethylene Terephthalate Glycol (PETG) Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Polyethylene Terephthalate Glycol (PETG) by Region (2026-2031)
3.3 Global Polyethylene Terephthalate Glycol (PETG) Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Polyethylene Terephthalate Glycol (PETG) Production Volume by Region (2020-2031)
3.4.1 Global Polyethylene Terephthalate Glycol (PETG) Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Polyethylene Terephthalate Glycol (PETG) by Region (2026-2031)
3.5 Global Polyethylene Terephthalate Glycol (PETG) Market Price Analysis by Region (2020-2025)
3.6 Global Polyethylene Terephthalate Glycol (PETG) Production and Value, Year-over-Year Growth
3.6.1 North America Polyethylene Terephthalate Glycol (PETG) Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Polyethylene Terephthalate Glycol (PETG) Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Polyethylene Terephthalate Glycol (PETG) Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Polyethylene Terephthalate Glycol (PETG) Production Value Estimates and Forecasts (2020-2031)

4 Polyethylene Terephthalate Glycol (PETG) Consumption by Region
4.1 Global Polyethylene Terephthalate Glycol (PETG) Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Polyethylene Terephthalate Glycol (PETG) Consumption by Region (2020-2031)
4.2.1 Global Polyethylene Terephthalate Glycol (PETG) Consumption by Region (2020-2025)
4.2.2 Global Polyethylene Terephthalate Glycol (PETG) Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Polyethylene Terephthalate Glycol (PETG) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Polyethylene Terephthalate Glycol (PETG) Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Polyethylene Terephthalate Glycol (PETG) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Polyethylene Terephthalate Glycol (PETG) Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Polyethylene Terephthalate Glycol (PETG) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Polyethylene Terephthalate Glycol (PETG) Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Polyethylene Terephthalate Glycol (PETG) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Polyethylene Terephthalate Glycol (PETG) Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries

5 Segment by Type
5.1 Global Polyethylene Terephthalate Glycol (PETG) Production by Type (2020-2031)
5.1.1 Global Polyethylene Terephthalate Glycol (PETG) Production by Type (2020-2025)
5.1.2 Global Polyethylene Terephthalate Glycol (PETG) Production by Type (2026-2031)
5.1.3 Global Polyethylene Terephthalate Glycol (PETG) Production Market Share by Type (2020-2031)
5.2 Global Polyethylene Terephthalate Glycol (PETG) Production Value by Type (2020-2031)
5.2.1 Global Polyethylene Terephthalate Glycol (PETG) Production Value by Type (2020-2025)
5.2.2 Global Polyethylene Terephthalate Glycol (PETG) Production Value by Type (2026-2031)
5.2.3 Global Polyethylene Terephthalate Glycol (PETG) Production Value Market Share by Type (2020-2031)
5.3 Global Polyethylene Terephthalate Glycol (PETG) Price by Type (2020-2031)

6 Segment by Application
6.1 Global Polyethylene Terephthalate Glycol (PETG) Production by Application (2020-2031)
6.1.1 Global Polyethylene Terephthalate Glycol (PETG) Production by Application (2020-2025)
6.1.2 Global Polyethylene Terephthalate Glycol (PETG) Production by Application (2026-2031)
6.1.3 Global Polyethylene Terephthalate Glycol (PETG) Production Market Share by Application (2020-2031)
6.2 Global Polyethylene Terephthalate Glycol (PETG) Production Value by Application (2020-2031)
6.2.1 Global Polyethylene Terephthalate Glycol (PETG) Production Value by Application (2020-2025)
6.2.2 Global Polyethylene Terephthalate Glycol (PETG) Production Value by Application (2026-2031)
6.2.3 Global Polyethylene Terephthalate Glycol (PETG) Production Value Market Share by Application (2020-2031)
6.3 Global Polyethylene Terephthalate Glycol (PETG) Price by Application (2020-2031)

7 Key Companies Profiled
7.1 Eastman
7.1.1 Eastman Polyethylene Terephthalate Glycol (PETG) Company Information
7.1.2 Eastman Polyethylene Terephthalate Glycol (PETG) Product Portfolio
7.1.3 Eastman Polyethylene Terephthalate Glycol (PETG) Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Eastman Main Business and Markets Served
7.1.5 Eastman Recent Developments/Updates
7.2 SK Chemical
7.2.1 SK Chemical Polyethylene Terephthalate Glycol (PETG) Company Information
7.2.2 SK Chemical Polyethylene Terephthalate Glycol (PETG) Product Portfolio
7.2.3 SK Chemical Polyethylene Terephthalate Glycol (PETG) Production, Value, Price and Gross Margin (2020-2025)
7.2.4 SK Chemical Main Business and Markets Served
7.2.5 SK Chemical Recent Developments/Updates
7.3 Selenis
7.3.1 Selenis Polyethylene Terephthalate Glycol (PETG) Company Information
7.3.2 Selenis Polyethylene Terephthalate Glycol (PETG) Product Portfolio
7.3.3 Selenis Polyethylene Terephthalate Glycol (PETG) Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Selenis Main Business and Markets Served
7.3.5 Selenis Recent Developments/Updates
7.4 Jiangsu Jinghong
7.4.1 Jiangsu Jinghong Polyethylene Terephthalate Glycol (PETG) Company Information
7.4.2 Jiangsu Jinghong Polyethylene Terephthalate Glycol (PETG) Product Portfolio
7.4.3 Jiangsu Jinghong Polyethylene Terephthalate Glycol (PETG) Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Jiangsu Jinghong Main Business and Markets Served
7.4.5 Jiangsu Jinghong Recent Developments/Updates
7.5 Liaoyang Petrochemical
7.5.1 Liaoyang Petrochemical Polyethylene Terephthalate Glycol (PETG) Company Information
7.5.2 Liaoyang Petrochemical Polyethylene Terephthalate Glycol (PETG) Product Portfolio
7.5.3 Liaoyang Petrochemical Polyethylene Terephthalate Glycol (PETG) Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Liaoyang Petrochemical Main Business and Markets Served
7.5.5 Liaoyang Petrochemical Recent Developments/Updates
7.6 Huahong Chemical Fiber
7.6.1 Huahong Chemical Fiber Polyethylene Terephthalate Glycol (PETG) Company Information
7.6.2 Huahong Chemical Fiber Polyethylene Terephthalate Glycol (PETG) Product Portfolio
7.6.3 Huahong Chemical Fiber Polyethylene Terephthalate Glycol (PETG) Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Huahong Chemical Fiber Main Business and Markets Served
7.6.5 Huahong Chemical Fiber Recent Developments/Updates
7.7 Dragon Special Resin(Xiamen)
7.7.1 Dragon Special Resin(Xiamen) Polyethylene Terephthalate Glycol (PETG) Company Information
7.7.2 Dragon Special Resin(Xiamen) Polyethylene Terephthalate Glycol (PETG) Product Portfolio
7.7.3 Dragon Special Resin(Xiamen) Polyethylene Terephthalate Glycol (PETG) Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Dragon Special Resin(Xiamen) Main Business and Markets Served
7.7.5 Dragon Special Resin(Xiamen) Recent Developments/Updates
7.8 China Resources Chemical Materials
7.8.1 China Resources Chemical Materials Polyethylene Terephthalate Glycol (PETG) Company Information
7.8.2 China Resources Chemical Materials Polyethylene Terephthalate Glycol (PETG) Product Portfolio
7.8.3 China Resources Chemical Materials Polyethylene Terephthalate Glycol (PETG) Production, Value, Price and Gross Margin (2020-2025)
7.8.4 China Resources Chemical Materials Main Business and Markets Served
7.8.5 China Resources Chemical Materials Recent Developments/Updates
7.9 Henan Yinjinda New Materials
7.9.1 Henan Yinjinda New Materials Polyethylene Terephthalate Glycol (PETG) Company Information
7.9.2 Henan Yinjinda New Materials Polyethylene Terephthalate Glycol (PETG) Product Portfolio
7.9.3 Henan Yinjinda New Materials Polyethylene Terephthalate Glycol (PETG) Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Henan Yinjinda New Materials Main Business and Markets Served
7.9.5 Henan Yinjinda New Materials Recent Developments/Updates
7.10 Wankai New Materials
7.10.1 Wankai New Materials Polyethylene Terephthalate Glycol (PETG) Company Information
7.10.2 Wankai New Materials Polyethylene Terephthalate Glycol (PETG) Product Portfolio
7.10.3 Wankai New Materials Polyethylene Terephthalate Glycol (PETG) Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Wankai New Materials Main Business and Markets Served
7.10.5 Wankai New Materials Recent Developments/Updates
7.11 Hubei Guoxin Juzhi
7.11.1 Hubei Guoxin Juzhi Polyethylene Terephthalate Glycol (PETG) Company Information
7.11.2 Hubei Guoxin Juzhi Polyethylene Terephthalate Glycol (PETG) Product Portfolio
7.11.3 Hubei Guoxin Juzhi Polyethylene Terephthalate Glycol (PETG) Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Hubei Guoxin Juzhi Main Business and Markets Served
7.11.5 Hubei Guoxin Juzhi Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis
8.1 Polyethylene Terephthalate Glycol (PETG) Industry Chain Analysis
8.2 Polyethylene Terephthalate Glycol (PETG) Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Polyethylene Terephthalate Glycol (PETG) Production Mode & Process Analysis
8.4 Polyethylene Terephthalate Glycol (PETG) Sales and Marketing
8.4.1 Polyethylene Terephthalate Glycol (PETG) Sales Channels
8.4.2 Polyethylene Terephthalate Glycol (PETG) Distributors
8.5 Polyethylene Terephthalate Glycol (PETG) Customer Analysis

9 Polyethylene Terephthalate Glycol (PETG) Market Dynamics
9.1 Polyethylene Terephthalate Glycol (PETG) Industry Trends
9.2 Polyethylene Terephthalate Glycol (PETG) Market Drivers
9.3 Polyethylene Terephthalate Glycol (PETG) Market Challenges
9.4 Polyethylene Terephthalate Glycol (PETG) Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

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