Polyethylene Terephthalate Glycol (PETG) Market, Demand, Volume, Price Range, and Industry Outlook Report

Introduction

Polyethylene Terephthalate Glycol, usually abbreviated as PETG or PET-G, is a specialized thermoplastic polymer derived from the copolymerization of ethylene glycol and terephthalic acid, with the addition of glycol to modify the PET structure. The production process involves polymerizing these components under controlled conditions, where glycol is added to enhance the material's properties. This results in a polymer with improved impact resistance and reduced brittleness compared to standard PET.

Distinctive properties of PETG include its clarity and superior chemical resistance. The inclusion of glycol in the polymer matrix imparts a level of toughness and flexibility, making PETG less prone to cracking under stress. Additionally, PETG offers ease of fabrication through processes such as thermoforming and welding, while maintaining excellent dimensional stability. These attributes make PETG highly suitable for diverse applications, including packaging solutions, medical devices, and consumer products.

The PETG market is relatively concentrated, with its supply residing in only in four countries: USA, China, South Korea, and Malaysia. Key manufacturers operating in the market include Eastman Chemical and SK Chemical, both collectively representing nearly half the global supply in 2024.

PETG market

The production of PETG involves several key stages. In the polymerization process, terephthalic acid reacts with ethylene glycol in an esterification reaction to form bis(2-hydroxyethyl) terephthalate (BHET), which then undergoes polycondensation to create the long-chain PETG polymer. The material is then cooled and solidified into pellets, which undergo solid-state polymerization to enhance their molecular weight and mechanical properties. These pellets are cut, packaged, and then used in fabrication processes such as extrusion, thermoforming, or injection molding to create various PETG products.

 PETG market


PETG market

PETG market

The PETG market is segmented by processing method into Injection Molding, Blow Molding, Extrusion (Sheets & Films), and 3D Printing. By application, it is segmented into Prototypes, Containers / Packaging, Tools, Jigs & Fixtures, Equipment & Machinery, and Others. In terms of end-use, the PETG market is bifurcated into Packaging (further sub-segmented into Food & Beverage Packaging, Cosmetic Packaging, Medical Packaging, and Others), Consumer Products, Building & Construction, Home Appliances, and Others.

The demand-supply (consumption) split by processing method, by application, and by end-use has been provided for each of the countries/regions considered in the scope in Volume (kilo tons) and Value (USD Million).

PETG Market Overview

PETG is a highly concentrated marketplace – less than 15 manufacturers operate globally. In terms of region, supply resides only in North America and Asia Pacific, in countries USA, China, South Korea, and Malaysia. More than a third of world’s PETG capacity is located in China. Key PETG producing companies include Eastman Chemical Company, SK Chemicals, Liaoyang Petrochemical, China Resources Chemical Materials, Shuangxing New Materials, and Jiangsu Jinghong New Materials.

PETG market

In terms of volume, PETG demand has grown at an annual average rate of around 7% since 2018 to reach its 2024 levels. Prismane Consulting expects the market to further augment at a compounded annual growth rate of around 5% over the forecast period 2025-2034. Asia Pacific dominates global PETG consumption, constituting for more than 50% of the total market, followed by North America and Western Europe, which collectively represent a third of the volumes.

PETG market

Over the years, North America and Western Europe have gradually lost demand share to Asia Pacific, largely due to the latter's increasing use of PETG in the packaging industry. This is poised to only grow further, with consumption volumes in Asia Pacific set to grow at a CAGR of 5% during 2025-2034. Meanwhile, market shares for North America and Western Europe will continue to shrink, although Prismane Consulting expects both regions to retain their positions of the second and third largest consumers, respectively.

As of 2024, the PETG market is valued at around USD 1.6 billion, projected to grow at a CAGR of 7.7% over the forecast to reach USD 3.4 billion by 2034.

PETG market

 

Recent Developments in the PETG Market

  • In 2019, Eastman Chemical expanded capacity of its PETG and PCTG (polycyclohexylenedimethylene terephthalate) at its site in Kingsport, Tennessee, in the USA by 25%.
  • Eastman Chemical also expanded its PETG capacity at Gebeng, Kuantan, in Malaysia, by 20%, in 2019.
  • In January 2024, Shenghong Petrochemical commenced operations at its new PETG production facility. With an annual capacity of 130 kilo tons, the company has now become the largest PETG manufacturer in China.
  • China Resources Chemical Materials is expected to double capacity at its existing facility to 100 kilo tons/year.
  • Shandong Wankai Polymer New Materials initiated the first phase of its PETG project in 2024, with a capacity of 60 kilo tons/year. It aims to gradually increase capacity to over 480 kilo tons/year in the coming years.
  • Rongsheng New Materials intends to start a 200 kilo tons/year PETG plant in China in the upcoming years.


 

PETG Market Dynamics

Driver: Demographic Shift Towards Branded Products with Transparent & Durable Packaging

Rising disposable incomes, widening middle-class strata, rapid urbanization, and a growing influx of youth into the workforce – especially in the developing economies of the Asia Pacific region – are significantly driving the consumption of packaged products. Seeking better quality products, consumers are increasingly transitioning from unbranded to branded goods across various verticals like foods & beverages, pharmaceuticals, cosmetics, and agriculture. Further, the rise in single-occupant and nuclear family households is contributing to a greater demand for branded ready-to-eat products that offer convenience and higher quality.

This consumer shift towards transparent and durable packaging has become one of the key factors for the growth of PETG market. Thanks to its superior clarity, strength and impact-resistance characteristics, PETG has become a material-of-choice among packaging manufacturers. Besides its glass-like appearance enhancing product appeal, manufacturers also prefer the material for its durability; the packaging prevents the goods from damage during transit.

Also contributing to this demand is the growth of e-commerce and retail sectors, as the need to sell products over the internet presents the challenge of excellent packaging that ensures the item’s safety and presents it well to consumers. Since PETG is easily thermoformable or can be cut and shaped into complicated molds, it also finds use in non-packaging outlets. Should the ongoing trends continue, Prismane Consulting expects this transition to be among the key drivers of PETG market over the forecast period.

Restraint: Limited Heat Resistance

A key restraint in the PETG market is its limited heat resistance. While PETG has a higher melting point than some other thermoplastics, it is not as heat-resistant as materials such as polycarbonate or certain high-temperature polymers. This can restrict its use in applications where exposure to high temperatures is frequent or unavoidable.

In industries such as automotive or high-temperature manufacturing, where materials must withstand elevated temperatures without degrading, PETG’s thermal limitations can be a significant drawback. This limitation can affect its adoption in these sectors, as manufacturers may prefer materials with superior heat resistance to ensure product reliability and performance under demanding conditions.

Scope of Report

The PETG report describes the global PETG market, with focus on the country, processing method, application, and end-use. The study provides

Market Data & Forecast (Short-term and Long-term)

  • Supply-Demand Analysis
  • Demand Composition, by Processing Method, Application, and End-use
  • Sales & Revenue
  • Pricing Analysis
  • Market Dynamics

Country Summaries & Product Review

  • Supply-Demand Balance
  • PETG Market data in terms of volume and value for each processing method, application, and end-use at regional and country level
  • Historical, Current & Market Forecast
  • Macro-economic factors like GDP, Population and World Economic integration
  • Economic & Energy Outlook
  • Industry & Policy Developments
  • End-use Industry / Applications Market
  • Reasoning & Analysis
  • Insightful Commentary
  • Market Review
  • Comparative Analysis
  • Latest Trends and market developments
  • Key players
  • Strategic Issues and Recommendations
  • Business Opportunity Assessment

  1. Introduction
    • Scope
    • Market Coverage
      • Processing Method
      • Application
      • End-use
      • Regions
      • Countries
    • Years Considered
      • Historical - 2018 – 2023
      • Base - 2024
      • Forecast Period - 2025 – 2034
    • Research Methodology
      • Approach
      • Research Methodology
      • Prismane Consulting Market Models
      • Assumptions & Limitations
      • Abbreviations & Definitions
      • Conversion Factors
      • Data Sources
  1. Market Synopsis
    • Market Evolution
    • Demand Overview
    • Industry Structure
    • Strategic Issues
    • End-use Trends
    • Growth Forecast
  2. Economic & Energy Outlook
    • GDP and Demographics
    • Monetary & Fiscal Policies
    • Crude Oil Production and Prices
    • Natural Gas
    • Electricity Prices
  3. End-use Sector Performance
  4. Plants & Projects Analysis
    • PETG Production Capacity, by Company
    • PETG Production Capacity, by Country and by Region
  5. Introduction to PETG and Market Overview
    • Product Description
    • Grades & Properties
    • Raw Material
    • Manufacturing Process
    • Environmental Issues
    • Value Chain
    • Processing Methods
    • Applications
  6. Market Dynamics and Industry Trends
    • Market Dynamics
      • Drivers
      • Restraints
      • Opportunities
      • Challenges
  1. Global PETG Demand-Supply Analysis, By Processing Method, By Application, By End-use (Volume, Value) (2018–2034)
    • Strategic Issues
    • Demand-Supply Analysis and Forecast (2018 – 2034)
      • Capacity
      • Capacity Utilization (%)
      • Production
      • Net Trade
      • Demand
      • Demand Growth Rate (%)
      • Driving Force Analysis
    • Global PETG Market, By Processing Method
      • Injection Molding
      • Blow Molding
      • Extrusion (Sheets & Films)
      • 3D Printing
    • Global PETG Market, By Application
      • Prototypes
      • Containers / Packaging
      • Tools, Jigs & Fixtures
      • Equipment & Machinery
      • Others
    • Global PETG Market, By End-use
      • Packaging
      • Food & Beverage Packaging
      • Cosmetic Packaging
      • Medical Packaging
      • Others
      • Consumer Products
      • Building & Construction
      • Home Appliances
      • Others
  1. Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2018– 2034)
    • Strategic Issues & Influencing Factors
    • Capacity
    • Capacity Utilization (%)
    • Production
    • Net Exports
    • Demand
    • Demand Growth Rate (%)
    • PETG Market, By Processing Method
    • PETG Market, By Application
    • PETG Market, By End-use

Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by processing method, by application and by end-use has been provided for each of the countries/regions in Volume (kilo tons) and Value (USD Million).

  • North America
    • USA
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Spain
    • Rest of Western Europe
  • Central & Eastern Europe
    • Russia
    • Poland
    • Rest of Central & Eastern Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • ASEAN
    • Rest of Asia-Pacific
  • Central & South America
    • Brazil
    • Rest of Central & South America
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa

Note: CAGR will be calculated for PETG by processing method, by application, and by end-use to arrive at the regional/global demand growth for the forecast period (2025 – 2034)

  1. Pricing Analysis
    • Average PETG Prices, 2018-2034 (USD per ton)
      • By Country
      • By Region
    • Price Forecast
  2. Key Strategic Issues
  3. Business Opportunity Assessment
    • Market Attractiveness Assessment
    • Prospective & Target Market Study
  4. Strategic Recommendation & Suggestions
  5. Company Analysis and Market Share Analysis
    • PETG Manufacturers Profiles/ Company Analysis
      • Basic Details
      • Headquarters, Key Markets
      • Ownership
      • Company Financial
      • Manufacturing Bases
      • Global Turnover
      • Total Employee
      • Product Portfolio / Services / Solutions
      • Key Business Strategies adopted and Prismane Consulting Overview
      • Recent Developments
      • Companies Covered
    • Eastman Chemical Company
    • SK Chemicals
    • Liaoyang Petrochemical
    • China Resources Chemical Materials
    • Shuangxing New Materials
    • Jiangsu Jinghong New Materials
    • Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

  1. Appendices
    • Demand-Supply - Regions
    • Demand-Supply - Countries


 

Scope of Report

The PETG report describes the global PETG market, with focus on the country, processing method, application, and end-use. The study provides

Market Data & Forecast (Short-term and Long-term)

  • Supply-Demand Analysis
  • Demand Composition, by Processing Method, Application, and End-use
  • Sales & Revenue
  • Pricing Analysis
  • Market Dynamics

Country Summaries & Product Review

  • Supply-Demand Balance
  • PETG Market data in terms of volume and value for each processing method, application, and end-use at regional and country level
  • Historical, Current & Market Forecast
  • Macro-economic factors like GDP, Population and World Economic integration
  • Economic & Energy Outlook
  • Industry & Policy Developments
  • End-use Industry / Applications Market
  • Reasoning & Analysis
  • Insightful Commentary
  • Market Review
  • Comparative Analysis
  • Latest Trends and market developments
  • Key players
  • Strategic Issues and Recommendations
  • Business Opportunity Assessment