the global Polycyclohexylenedimethylene Terephthalate (PCT) market size is projected to reach USD 0.19 billion by 2029

Polycyclohexylenedimethylene Terephthalate (PCT) Market Summary

Polycyclohexylenedimethylene terephthalate (PCT) is a thermoplastic polyester formed from the polycondensation of terephthalic acid and cyclohexanedimethanol. Its chemical structure is similar to that of polyethylene terephthalate (PET), with which it shares properties like dimensional stability and chemical resistance. PCT is also particularly resistant to high temperatures and hydrolysis. The melting point is 545 °F (285 °C).

• Polycyclohexylenedimethylene Terephthalate (PCT) Product Picture

Source: GlobalInfoResearch, “Global Polycyclohexylenedimethylene Terephthalate (PCT) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”(PCT) Market Report 2023-2029.

According to the new market research report “Global Polycyclohexylenedimethylene Terephthalate (PCT) Market Report 2023-2029”, published by GlobalInfoResearch, the global Polycyclohexylenedimethylene Terephthalate (PCT) market size is projected to reach USD 0.19 billion by 2029, at a CAGR of 5.4% during the forecast period.

• Global Polycyclohexylenedimethylene Terephthalate (PCT) MarketSize(US$ Million), 2018 VS 2022 VS 2029

Source: GlobalInfoResearch, “Global Polycyclohexylenedimethylene Terephthalate (PCT) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”(PCT) Market Report 2023-2029.

Market Drivers:

As a new variety of polyester family, PCT has similar properties to polyethylene terephthalate (PET) and polybutylene terephthalate (PBT), and has the strength and toughness of PBT, and the heat resistance is better than PET. PCT has high heat resistance, its continuous application temperature range is between 130℃~150℃, and the flexural temperature is 243℃~260℃, which can replace the heat-resistant grade PBT as a wave welding plate and reflow welding plate in the production of printed circuit boards. The performance of PCT is between PBT and PET, and the application range is very wide, its biggest feature is that it has good heat resistance and dielectric properties, so it can be used as SMT surface mounting materials, welding materials, capacitive materials, electrical insulation materials, film switches and transparent conductors; Moreover, it can also make plates, laminated films, film products and so on by bidirectional drawing. Its good transparency and optical properties make it suitable for the production of laser marking resins for safety signs, medical devices, goggles, safety covers, optical fibers and high capacity crimp fibers.

Restraint:

For new entrants, they are faced with multiple challenges such as technical barriers, talent barriers, capital barriers, experience barriers and industry chain barriers. In addition, the continuous supervision of the industry, especially the strict supervision of environmental protection and production safety, has also pushed up the investment scale and operating costs of enterprises, and put forward higher requirements for the financial strength, technology accumulation and management ability of enterprises. The production of new specialized chemical intermediates is a typical technology-intensive industry, belonging to the high value-added links in the industrial value chain, and most of them are occupied by leading enterprises in developed countries such as the United States, Japan and Germany.

Because the upstream key raw materials CHDM and downstream products are high-tech barrier products, after years of development, despite the research and development of China's CHDM industry chain has made certain achievements, but high-end production technology is still firmly in the hands of foreign enterprises such as Eastman Chemical Company in the United States, SK in South Korea, especially the two products PCT and PCTG. China's research on these two products has only stayed in the laboratory stage, and has not yet made a breakthrough in industrial production.

Trend:

Due to the excellent properties of PCT engineering plastics, deep processing has greater development potential and belongs to high-grade engineering materials. The "14th Five-Year Plan" Planning Guide for Petrochemical and chemical Industry proposes to promote the industrialization of a number of special engineering plastics that are still blank in China, such as PEEN, PEN, PCT, special nylon, and biological Kindragon. However, its main raw material CHDM China has insufficient production capacity, and there are certain restrictions on the production of PCT. With the growth of the domestic supply capacity of core raw materials, the support of policies and the impact of market demand, PCT high-end resins have greater development potential.

• Global Polycyclohexylenedimethylene Terephthalate (PCT) Top2Players Ranking and Market Share（Continually updated）

Source: GlobalInfoResearch, “Global Polycyclohexylenedimethylene Terephthalate (PCT) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”(PCT) Market Report 2023-2029.

According to GlobalInfoResearch Top Players Research Center, the global key manufacturers of Polycyclohexylenedimethylene Terephthalate (PCT) include Celanese Corporation, SK Chemicals. In 2022, the global top three players had a share approximately 100.0% in terms of revenue.

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