Pacific PETG for Medical Market

The Asia Pacific PETG for Medical market size was valued at US$ 217.6 million in 2024 and is projected to reach US$ 312.4 million by 2030, at a CAGR of 6.2% during the forecast period 2024-2030.

PETG for medical applications is a high-performance, transparent thermoplastic used in the healthcare industry for medical device components, packaging, and laboratory equipment due to its excellent chemical resistance and sterilizability.

The Asia Pacific PETG for Medical market is growing rapidly, driven by expanding healthcare infrastructure and increasing demand for safe, durable medical plastics. Japan leads with a 35% market share, followed by China at 30% and South Korea at 20%. In 2023, medical device components accounted for 45% of the market, with packaging at 35% and laboratory equipment at 15%. The market experienced a 15% growth in demand for PETG in single-use medical devices due to its compatibility with various sterilization methods. Key players include Eastman Chemical Company (USA) and SK Chemicals (South Korea), collectively holding a 60% market share in the region. The industry is investing in specialty grades, with an 18% increase in R&D spending on antimicrobial PETG formulations in 2023. Challenges include stringent regulatory requirements, leading to a 10% rise in compliance-related costs. The trend towards home healthcare has driven a 20% increase in PETG use for portable medical equipment. The market is benefiting from the growth of the medical tourism industry in countries like Thailand and Malaysia, with a 25% rise in demand for PETG-based disposable medical supplies.

Report Includes

Pacific PETG for Medical Market is an essential reference for who looks for detailed information on Asia Pacific PETG for Medical. The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of PETG for Medical, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Pacific PETG for Medical Market aims to provide a comprehensive presentation of the Asia Pacific PETG for Medical, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding PETG for Medical. Pacific PETG for Medical Market contains market size and forecasts of PETG for Medical in Asia Pacific, including the following market information:

We surveyed the PETG for Medical manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

•    China

•    India

•    Japan

•    South Korea

•    Australia

•    Thailand

•    Indonesia

by Products type:

•    Extruded Grade

•    Injection Molding Grade

•    Blow Molding Grade

by Application:

•    Diagnostic

•    Therapeutic

•    Clinical

•    Pharmaceutical

key players include: (At least 8-10 companies included)

•    Covestro AG

•    Eastman Chemical Company

•    SK Chemicals Co., Ltd.

•    SABIC

•    Teijin Limited

•    Mitsubishi Chemical Corporation

•    Lotte Chemical Corporation

•    Jiangsu Hengrui Medicine Co., Ltd.

•    Chi Mei Corporation

•    LG Chem Ltd.

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies PETG for Medical revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)

•    Key companies PETG for Medical revenues share in Asia Pacific market, 2023 (%)

•    Key companies PETG for Medical sales in Asia Pacific market, 2019-2024 (Estimated),

•    Key companies PETG for Medical sales share in Asia Pacific market, 2023 (%)

Key Points of this Report:

•    The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis

•    The report covers Asia Pacific and country-wise market of PETG for Medical

•    It describes present situation, historical background and future forecast

•    Comprehensive data showing PETG for Medical capacities, production, consumption, trade statistics, and prices in the recent years are provided

•    The report indicates a wealth of information on PETG for Medical manufacturers

•    PETG for Medical forecast for next five years, including market volumes and prices is also provided

•    Raw Material Supply and Downstream Consumer Information is also included

•    Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

•    Analyzing the outlook of the market with the recent trends and SWOT analysis

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

•    Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

•    Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

•    Distribution Channel sales Analysis by Value

•    Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

•    Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

•    1-year analyst support, along with the data support in excel format.