my country’s PCTG market demand continues to rise, and there is greater room for localization of the industry

PCTG stands for polyethylene terephthalate glycol-1,4-cyclohexanedimethanol. It is a transparent plastic produced by the copolymerization of 1,4-cyclohexanedimethanol (CHDM) monomer. PCTG has high transparency, viscosity, chemical resistance, and impact resistance. It is an amorphous copolyester. Due to its excellent processing performance, it can be formed by extrusion, injection molding, blow molding, and blister molding. It is currently used Processed into sheets, high-performance shrink films, bottles and special-shaped materials, cosmetic packaging and other products. After years of development, PCTG has been used in home appliances and food utensils, and the market demand is high.

After a long period of research, PCTG has been commercialized and has many brands to meet different market needs. Due to its environmental protection and easy processing properties, PCTG is currently favored in the European and American markets and is used in baby bottles, outdoor sports bottles, blenders and other products.

The PCTG industry has high technical barriers, and the global market is mainly monopolized by Eastman and SK, of which Eastman is the world’s largest manufacturer. South Korea’s SK has many PCTG brands, such as JN-200, T110, T120, YF-300, etc. There are few companies that can produce PCTG in China. Changxian New Materials currently achieves small batch production, and the product quality meets market requirements. It is expected that the PCTG industry will accelerate its localization in the next few years.

According to the “PCTG Industry In-depth Market Research and Investment Strategy Suggestions Report 2021-2025” released by the Industrial Research Center, in terms of application demand In terms of demand, my country’s PCTG market demand has shown a continuous growth trend in recent years. In 2017, domestic PCTG demand was approximately 56,000 tons, and by 2020, domestic PCTG demand will be approximately 71,000 tons. At present, China is the world’s major PCTG market, and market demand relies heavily on imports.

From the perspective of industry development, PCTG is mainly used in the production of small household appliances and household products. With the growth of domestic per capita income, the demand for small household appliances in my country is showing a growth trend, which is beneficial to the development of the PCTG industry; at the same time, in the context of consumption upgrading, in order to get a better home experience, residents have higher requirements for the quality and health of household products, and PCTG application needs increase. In addition to the above application fields, PCTG can also be used in the medical field, but the requirements for PCTG products are higher. Currently, there are fewer PCTG brands that can be used in the medical field, and the application demand is low, and the future development potential is huge.

Industrial analysts said that PCTG has excellent processing performance, transparency and environmental protection performance, and is favored by the market. It is currently mainly used in In the field of household products and small household appliances, market demand is growing steadily. my country is the world’s major PCTG application market, and the demand for PCTG is showing a rapid growth trend. However, in terms of production, the PCTG industry has high technical barriers, the market is highly concentrated, domestic companies have low output, and market demand is extremely dependent on imports. There is huge room for localization in the future.