Polyester film has excellent performance and low industry concentration

Polyester film (PET) is a film material made from polyethylene terephthalate as raw material through processes such as drying, melting, extrusion, casting, and stretching. Polyester film can be divided into ultra-thin polyester film, thin polyester film, medium-sized polyester film and thick polyester film according to different thicknesses; according to different stretching processes, it can be divided into uniaxially stretched polyester film (CPET) and biaxially oriented polyester film (BOPET).

The upstream of the polyester film industry chain is the supply of crude oil, ethylene glycol, paraxylene, purified terephthalic acid and other raw materials; the midstream is the production of various polyester films; the downstream is widely used in packaging, printing, construction, communications, Electronic and electrical, national defense and military industry and other fields.

According to the “In-depth Research Report on the Global and China Polyester Film Industry in 2023” released by the Industrial Research Center, polyester film is a A polymer film material with excellent comprehensive properties, it has the advantages of environmental protection and sustainability compared with traditional plastic materials. It is an important material in strategic emerging industries. With the continuous development of downstream industries such as electronics and medicine, the country’s emphasis on environmental protection continues to increase. , polyester film has good development prospects. In 2022, my country’s polyester film demand will be close to 3 million tons, and the market size will exceed 42 billion yuan.

Driven by downstream demand and market dividends, the polyester film industry has expanded rapidly and output has continued to grow. Coupled with the continuous maturation of production technology, the price of polyester film has shown a downward trend in recent years. The average market price of polyester film in 2022 will be 15,000 yuan/ton.

From the perspective of regional distribution, the development of high-tech industries in Shanghai, Zhejiang and other regions is relatively complete. At the same time, they have large consumer markets and a large number of polyester film manufacturers, forming a relatively complete supply chain system. The polyester film industry in East China accounts for more than 40%, ranking first.

Due to the low industry threshold, there are currently a large number of polyester film manufacturers in my country, and the market competition is fierce. It is difficult for a single brand to occupy a large market share, and the industry concentration is low. The main domestic polyester film manufacturers include Jiangsu Shuangxing Color Plastic New Materials Co., Ltd., Jiangsu Sanfangxiang Polymer Co., Ltd., Zhejiang Yongsheng Film Technology Co., Ltd., Yingkou Kanghui Petrochemical Co., Ltd., Yongsheng Film, Zhejiang Dadongnan Co., Ltd., etc. , among which Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. accounts for more than 12% of the market share, ranking first, followed by Jiangsu Sanfangxiang Polymaterial Co., Ltd., accounting for more than 6%.

Industry analysts said that as the environmental protection situation becomes increasingly severe and the pharmaceutical, electronics and other industries continue to develop, the market’s demand for high-performance packaging materials The demand will continue to grow, the application fields of polyester film will continue to expand, and it will have a broad consumer market. Polyester film manufacturers need to increase capital investment, improve production technology, develop new materials and new processes, optimize product quality and performance, and meet the increasing diversified needs of the market.