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UNITED STATES: Global Polyester Market to Reach 31.69 Million Tons by 2010

World polyester market is fragmented, with top 10 players accounting for a little over one-third of the global polyester market. Of late, installed capacity of polyester rose sharply in Asia-Pacific. This is primarily because manufacturing polyester involves labor-intensive processes, and Asia-Pacific scores an ace in availability of cheap labor, and raw materials when compared to North America and Europe. Asia-Pacific region is the largest and the fastest growing market in the world, as stated by Global Industry Analysts, Inc. The market is projected to cross 27.03 million tons by the year 2015.

A major portion of polyester costs is influenced by the volatile prices of raw materials such as paraxylene, PTA, and ethylene glycol. In terms of cost, PTA represents the single largest raw material for polyester manufacture. The textile manufacturing industry worldwide is expected to fare better in the next few years. The stockpiles of the industry, in almost all the segments, are reducing. Production facilities used by the industry are additionally technologically more advanced and efficient. Polyester Filament yarn market in Europe is forecast to reach 3,644 thousand tons by the year 2012, while world Polyester Staple Fiber is forecast to grow at a CAGR of 6.58% over the period 2011 through 2015.

Key players dominating the global polyester market include Brilen SA, Century Enka Limited, E. I. Du Pont de Nemours and Company, Indo Rama Synthetics, JBF Industries, Kolon Industries, Mitsubishi Chemical, Montefibre S.p.A., Nan Ya Plastics Corp, Performance Fibers Inc, Reliance Industries Ltd, Unifi Inc and Wellman Inc.

The report titled "Polyester: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, industry analysis, product overview, raw materials overview, production process, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in volume sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World by the following product segments - Filament Yarn and Staple Fiber.

Source: Agencies • News Courtesy: BharatTextile.com

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