Growing Consumption in China and Other Asian Markets Promises Bright Outlook for the Global Polyester Market, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Polyester market. The world market for polyester is forecast to exceed 43 million tons by the year 2017, catalyzed by growing consumption in the Asia-Pacific, led mainly by China and India. Technological innovations, economic stability, fashion trends, demographics and income levels are key factors that will trigger future growth in the market.

Polyester: A Global Strategic Business Report

Follow us on LinkedIn – Major factors influencing growth in the global market for polyester include raw material prices, supply/demand outlook and more importantly, the state of cotton, the alternative fiber type. With the textile manufacturing industry worldwide expected to fare better in the next few years, coming out of the slump of the recent economic recession, a strong increase in sales is expected for the global polyester market. Developing countries are the crux of the global polyester market currently, where at one time developed market such as US and Europe dominated the marketplace. However, the scenario changed dramatically during the past two decades with production base shifting to Asia-Pacific. Today, Asia-Pacific is a strategic location for polyester manufacturing with the presence of cheap labor force and an extensive textile industry to consume the produce. Countries such as China, Taiwan, South Korea, India, and Indonesia witnessed tremendous growth in the last few years. On the other hand, while positive growth is expected in the developing Asia-Pacific and Latin American countries, the developed world markets are forecast to decelerate in terms of growth.

The global Polyester market is currently troubled by over capacity. Emergence of new technologies, attractive margins, and high economic growth rate triggered capacity explosion in the polyester industry far more than demand. Excess supply remains an issue despite substantial slowdown in capacity growth in numerous developing markets including China. Several players in the Western countries are opting for consolidation and plant closures to deal with the increasing operating costs. Contrastingly, players in Asia-Pacific and in the Middle East in the recent past have increased production capacities. Western European polyester market is plagued by heavy polyester dumping by Asian manufacturers at lower prices. As a result, Western European countries have adopted anti-dumping strategies, particularly against players from certain developing countries including South Korea and Indonesia. Concerns also linger regarding the high costs associated with raw materials. Nevertheless, against all odds, growing polyester consumption in major end-use markets in Asia-Pacific including China offers a bright future for the polyester industry.

Asia-Pacific, led by burgeoning markets of China and India, represents the largest regional market for polyester worldwide, as stated by the new market research report on Polyester. Asia-Pacific is also poised to demonstrate the fastest CAGR of more than 6.6% over the analysis period. Asia, representing about 90% share of world staple production, stood as the only growth region for staple production. China, the global textile powerhouse, along with India, Vietnam, and Malaysia substantially increased their output of polyester textile yarn over the last several years. Asian polyester manufacturers are expected to continue dominating the global polyester marketplace.

Low-cost and easy-care characteristics of polyester continue to drive demand for polyester in apparel market. Worldwide, apparel and textile markets represent the major end-users of Polyester Filament Yarn and polyester staple fiber. Fortunes of both the end-use markets would go long way in reviving the sagging market. Polyester filament yarn (PFY) represents the largest market and is primarily used as a raw material for woven and knitted fabrics. The yarn is increasingly being used in the manufacture of artificial flowers and sporting apparel such as sports shoes and bags.

Major players profiled in the report include AOC, Ashland Performance Chemicals, DAK Americas LLC, Diolen Industrial Fibers BV, E. I. Du Pont de Nemours and Company, Far Eastern Industrial (Shanghai) Co. Ltd., Hyosung, Invista, Kolon Industries Inc., Kordsa Global, Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation, Performance Fibers Inc., Reichhold Inc., Reliance Industries Limited, Teijin Limited, Toray Industries Inc., Zhejiang GuXianDao Industrial Fiber Co. Ltd, among others.

The research report titled “Polyester: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the polyester market, current market trends, competitive scenario, key growth drivers, product overview, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for polyester market for the years 2009 through 2017 for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key product segments analyzed include Polyester Filament Yarn and Polyester Staple Fiber. Also, a six-year (2003-2008) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Polyester_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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