The copolyester market is highly concentrated and there is huge room for domestic substitution in my country’s high-end market.

Copolyester is a polyester whose main chain is composed of two or more structural units. Copolyester is a new series of transparent engineering plastics. According to different types, copolyester can be divided into PET, PETG and PCTG, PCTA, and PCT. Copolyester has good processability and can be processed into products of any shape by extrusion, injection molding, blow molding, blister molding, etc.

Copolyester has excellent transparency, flexibility, impact strength, chemical resistance, light transmittance and other properties. With its excellent properties, copolyester is favored by the market and is widely used in cosmetic packaging, transparent stationery, beverage packaging, Household appliances, toys, films, medical and other fields, among which packaging is the main application scenario of copolyester. In recent years, in order to meet multi-faceted market demands, relevant companies and scientific research institutions have continued to conduct research and innovation on copolyesters, promoting the upgrading of the copolyester industry towards environmental protection, diversification, and high performance.

According to the “2022-2027 China Copolyester Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, Copolyester has a wide range of applications. With the development of downstream industries, the market demand for copolyester continues to rise, and the scale of the industry expands. In 2021, the global copolyester market will reach about US$2 billion. It is expected that the global copolyester market will continue to maintain a growth trend in the next four years, but the growth rate will slow down, and the market size will reach US$2.48 billion in 2026.

Globally, the copolyester market is mainly distributed in North America, Europe and the Asia-Pacific region, with the three major regions accounting for more than 90% of the market. As the market expands, the number of companies in the copolyester market continues to increase. Among them, leading companies include BASF of Germany, EASTMAN of the United States, SK Group of South Korea, Mitsubishi of Japan, etc. In recent years, thanks to the rise of emerging economies, the copolyester market in the Asia-Pacific region has developed rapidly. In 2021, the region accounted for approximately 31.8% of the global market. In the Asia-Pacific region, China, India, Japan and other regions are the main players.

Copolyester is one of my country’s key strategic emerging industries. In recent years, with the support of national policies, Chinese companies have accelerated the research and development of copolyester materials, and the localization process of high-end copolyester has accelerated. Among them, in terms of amorphous copolyester, due to the lack of domestic suppliers, my country’s demand for amorphous copolyester has long relied on imports. In order to break the market monopoly, Liaoyang Petrochemical successfully produced PETG copolyester products through independent research and development. Product performance indicators All meet the standards of similar foreign products.

Industry analysts said that copolyester has excellent comprehensive properties and a wide range of downstream applications. With the development of the market, the market demand for copolyester will continue to grow. The copolyester market is highly concentrated, with foreign companies occupying a major share of the global market, especially in high-end copolyester. my country’s supply capacity of high-end copolyesters is insufficient. However, in recent years, with the support of national policies and active research and development by enterprises, the monopoly of high-end copolyesters has been broken, and the localization process of high-end copolyesters has accelerated.