Related Industries Have Paid More Attention to Copolyester Due to Its Excellent Performance

Copolyester is a new type of plastic raw material, which not only has flexibility and versatility, but also has good properties such as high transparency, good impact strength, and chemical resistance.

Copolyesters are often divided into: PET, PETG and PCTG, PCTA, PCT by type. The market shares in 2020 are 39.37% and 46.53% respectively.

PET is mainly used in food packaging films and textile fibers. PET is widely used in beverage packaging materials thanks to its toughness and transparency, high economic value, and the development of high-speed bottle processing technology. PETG not only has high rigidity and hardness, but also has high toughness. As a sheet, pipe and packaging container, its performance is second only to polycarbonate. The low crystallinity or non-crystallinity of PETG allows it to have very good optical properties, along with extremely high surface gloss and good transparency. PETG also has good resistance to chemical substances, such as household detergents, dilute acids, dilute alkalis, etc. PETG is also very good at blocking oxygen and carbon dioxide. Since the material itself is transparent, there is no need to add any additives during molding, so it will not contaminate food when used as a food packaging material, and it is an environmentally friendly product. Compared with PET, the biggest feature of PETG is that PETG conforms to the concept of environmental protection and food FDA certification. At present, related products are paying more and more attention to PETG.

PCT is a high-temperature, semi-crystalline thermoplastic polyester. It has good mechanical and thermal properties and can be used in the automotive, electronics and pharmaceutical industries. PCTA has a high softening temperature, so it is often used in applications that require heat resistance, such as special packaging. In terms of performance, PCTG will be a low-cost alternative for those applications that do not require the rigidity and heat resistance of polycarbonate. At the same time, PCTG is resistant to gamma-ray radiation and can be used in the medical field.

Copolyester is Widely Used and Has Good Prospects for Daily Use

Copolyester is widely used in the packaging industry, electronic appliances, medical and health, automobile and other fields. The market shares in 2020 are 36.28%, 29.85%, 10.59%, and 20.17%, respectively. It can be seen that packaging is the largest market for copolyesters. Copolyesters are increasingly used in the packaging industry, and their demand is growing rapidly with the expansion of the food and beverage industries in many countries around the world.

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Copolyester has a wide range of application prospects in the field of daily use, such as daily necessities, cosmetics, medical industry, toy industry, etc. Due to the rapid economic development in the Asia-Pacific region in recent years, consumers\' requirements for hygiene and appearance of medical products, consumer goods and cosmetic packaging have continued to increase. PETG will become a good raw material for producing high-quality products, and the market demand is very large.

As early as the 1950s, manufacturers began to study PCT. In the 1970s, PCT began to be used as engineering plastics, mainly used in automobiles, high-temperature resistant shells under the hood of automobiles, transparent high-temperature resistant shells of microwave ovens and ovens, high-temperature tableware and food trays, hygienic and non-toxic food packaging materials, etc.

The Monopoly of the Copolyester Supply Chain is Broken, and the Market Potential in the Asia-Pacific Region is Huge

From a regional perspective, Americas is the largest revenue market in the copolyester industry, with a market share of 40.88% in 2015 and 40.39% in 2020, a decrease of 0.41%. In 2020, the market shares of Europe, Asia Pacific, Middle East & Africa were 31.40%, 26.56% and 1.65%.

National policies in the Asia-Pacific region will become an important driving force for the development of the Asia-Pacific region. The copolyester industry is one of the key strategic emerging industries in China. With the support of national policies, copolyester has become a new target for Chinese manufacturers. To seize new market opportunities, manufacturers focus on the development of copolyester materials.

The copolyester industry has a high concentration rate. The top three companies are Eastman, BASF, and Evonik, with 2020 revenue market shares of 39.59%, 18.56%, and 16.70%, respectively. In recent years, with the expansion of the market, manufacturers continue to carry out research and development and investment. The supply chain monopoly of Eastma and Korean manufacturers in the market has been broken, and there will be more and more companies in the industry.

According to our research data, the total revenue of the global copolyester market was USD 1,664.32 million in 2015 and increased to USD 1,908.76 million in 2019. The rapid development of copolyester-related industries and the increasing requirements for material properties in various industries have promoted the development of copolyesters. To meet the ever-changing market application needs and provide customers with high-quality products and services, the continuous research and development of copolyesters by manufacturers have promoted the development of copolyesters. We predict that the global copolyester market value can reach USD 2474.80 million by 2025. From 2020 to 2025, the compound annual growth rate of copolyester is 5.25%.

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