Copolyester forms when modifications are made to polyesters, which are combinations of diacids and diols in the polymerization process. For example, by introducing other diacids, such as isophthalic acid (IPA), or other diols, such as cyclohexane dimethanol (CHDM) to the polyester polyethylene terephthalate (PET), the material becomes a copolyester due to its comonomer content.
The Global Copolyesters market size
was 1835.09 million USD in 2018 and it is estimated to reach 2589.79 million USD by the end of 2025, with a CAGR of 5.09% from 2018 to 2025.
Based on regions, North America and Europe are holding the largest market share. In 2018, total Europe Copolyesters market size was 718.2 million USD, the market is expected to grow at a CAGR of 4.46% from 2018 to 2025. The North America Copolyesters market size was 483.46 million USD in 2018 and it is estimated to reach 678.97 million USD by the end of 2025, with a CAGR of 4.97% in forecast period.
Eastman, Royal DSM, Toyobo, BASF an Evonik are key Copolyesters service providers in Global market. The Copolyesters market is highly competitive due to the presence of numerous small vendors in the market. Other prominent players in the market include SK Chemicals, Macroocean, Celanese, DowDuPont, Covestro, Bostik, etc.
Based on end uses, the market is segmented into Package Materials, Electronics & Appliances, Medical Devices, Automotive and Others. In 2018, Package Materials segment occupied the largest market share, 50.24%. Demand from, Electronics & Appliances, Medical Devices and Automotive Industry is also seeing a steady growth.
Based on solutions, the market is segmented into PET & PETG, PCTG, PCTA, PCT and Other types. PET & PETG is taking the most market percentage in 2018, with over 69% market share.
Each of the Copolyesters participants has its own mature sales networks. Through their authorized distributors or their partners, Copolyesters companies keep keen on expanding their Copolyesters sales. To achieve better sales businesses, Copolyesters providers usually invest on their marketing channel every year.