The worldwide economic turmoil has
significantly affected the polyester market. The global polyester market
recorded noticeable drop in sales during 2008 and 2009 across various segments.
However, the market has a significant growth opportunity in the near future as
worldwide usage of PET bottles and polyester fiber is increasing.
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The global polyester market recorded
significant growth in 2010 and is expected to grow even further in near future.
Among all the polyester products, the polyester filament yarn production was
higher compared to the other polyester products.
The global polyester fiber
production capacity slumped in 2009 due to less demand in the developed
markets. However, in 2010, the polyester fiber production capacity recorded
significant growth from the previous year.
The per capita PET consumption was
higher in the developed markets such as Western Europe and North America
compared to the developing markets like China and Korea.
The demand for polyester
intermediaries (PTA, PX, and MEG) has grown significantly during 2008-2010. It
is expected that the prices of these industrial products will be higher in the
coming years due to the growing demand.
China was the highest polyester
producing country in 2010. In China, the per capita spending on clothes of
urban population is higher compared to the rural population, which can be
explained by their difference in lifestyle and disposable income.
The report provides an analysis of
the global polyester market. It also discusses the major trends and growth
drivers of the market. The report presents the competitive structure of the
industry and profiles major players in the market with a discussion of their
key business strategies.
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