The hottest global polyester market will continue

The global polyester market will continue to grow at a high speed

improve the supporting system of raw and auxiliary materials. According to the report of European chemistry, according to the prediction of BP Amoco, the polyester market will grow at an average annual growth rate of 7.5% from 2000 to 2010, thus easing the current situation of oversupply

although the annual growth rate of 7.5% is lower than the level of 8.9% in the 1990s, the polyester demand will increase by 29million tons in the next 10 years, while the increase from 1990 to 2000 is 16million tons

despite the impact of the Asian financial crisis on the polyester market, the internal strength of polyester demand in 1999 still made its growth rate reach 60%. Perhaps the strong demand for polyester products worldwide will become a factor to promote the economic recovery in Asia

fiber is the largest polyester sector. The demand in 2000 is expected to be about 18million tons, and the demand will increase at an average annual growth rate of 7%, reaching 35million tons by 2010. The factors that make the demand for polyester fiber increase significantly are the continuous increase of wealth, the continuous growth of population and the substitution of cotton. Other factors include that the production of polyester fiber is more dependent on Technological Development and breakthroughs, such as replacing other man-made fibers and opening up new application fields. The world's per capita consumption of polyester fiber is expected to increase at an average annual growth rate of 5.6%, from 3kg per person in 2000 to 5.2kg per person in 2010, which has contributed to the development of the new material industry

the main growth area of polyester fiber production will still be Asia, whose share will rise from 74% to 80% in 2000, the share of North America will decline from 15% to 11.5%, and Europe, Africa and the Middle East will still maintain a 1% share

from the perspective of the existing production capacity and the production capacity under construction, the supply and demand of polyester fiber will reach a balance according to the strike energy requirements before the world experiment in 2002. In the next two years, it is necessary to increase the production capacity to meet the demand of fibers around the world

the second largest use of polyester is the resin for PET containers, with an average annual growth rate of up to 10%. By 2010, the demand for this kind of resin will increase to 17million tons, which is 2.5 times that of 2000. The main driving force for the rapid growth of demand is technological breakthroughs and its excellent properties such as high strength and high barrier

with the maturity of pet application technology, high demand regions will turn to Asia, which will account for 29% of the world's total demand in 2010. The share of North America will decline from 50% in 1990 to 41%, and Europe, the Middle East and Africa will still account for about 30%

by 2002, pet trees in the world, for example, require small fixture structures, and the demand for non-magnetic grease will exceed the existing and under construction production capacity. The region with the most tight supply will be North America, which will have a situation of supply exceeding demand as early as 2001. However, due to the large excess production capacity in Eurasia, Africa and the Middle East, the supply and demand can be balanced after 2003