Due to the rapid increase in demand and the fact that the world's total output has been well controlled, the market supply of polyethylene terephthalate (PET) has recently become tight. However, the prices of raw materials for PET have fluctuate greatly, which in turn causes manufacturers to bear the impact of market price fluctuations. Therefore, people in the industry are not confident that investment will increase production capacity.
Since the 1990s, the PET market has been in a relatively mild state and demand growth has remained stable. Since the mid-1990s, in view of the favorable production environment and consumption situation, the world's largest PET producers have expanded their production capacity, resulting in a sudden increase in production capacity and a break in the normal balance between supply and demand. The market was once in a weak position. It is precisely because of this, the operating rate of the manufacturers all over the world has been declining, the North American region has dropped to about 80%, and the average European producer has only 78%.
Fiber is the largest consumer of polyester, and its demand in 2000 is expected to be around 18 million tons, with an average annual growth rate of 7%. By 2010, it will reach 35 million tons.
The main growth area for polyester fiber production is still Asia. Its share has risen from 74% in 1990 to 80% in 2000. North America’s share has fallen from 15% to 11.5%. Europe, Africa and the Middle East will Maintain a 1% share.
Judging from the existing production capacity and the capacity being built, the supply and demand of polyester fiber in the world will reach a balance in 2002, and the production capacity will need to increase in the next two years to meet the needs of the world.
The second major use of polyester is the production of PET container resins, with an average annual growth rate of up to 10%. It will increase to 17 million tons by 2010, 2.5 times the demand in 2000. Among them, the market demand for PET food packaging bottles is optimistic. At present, the world PET consumption in the food packaging market is still growing steadily. The demand for soft drinks has become the main consumption point of PET resin.
Although the increase in excess capacity since 1997 has severely affected the market for PET, it was later discovered that the market for PET was sold. However, it was later found that PET resin has a promising future in the non-packaging field and can fully reach the packaging industry. The packaging material storage performance, aesthetic and many other requirements. Therefore, since the beginning of 1997 (especially in the last 2 years), the use of PET in the non-food packaging market has grown rapidly. It is estimated that the market for PET blow containers in the US, which is the world’s largest consumer of PET this year The growth rate reached 55%, of which PET containers for washing and dyeing will increase by 32% (starting from 1996) and PET containers for pharmaceuticals will increase by 18%.
Since the 1990s, the demand for non-fiber polyester in the world has entered a period of rapid growth. In 1998, the production capacity of non-fibre polyester reached 9.323 million tons, an increase of 188.64% over 1990. Among them, the production of non-fiber polyester in Asia reached 2.854 million tons, an increase of 226.92% over 1990.
It is estimated that the polyester market will grow at an average annual rate of 7.5% between 2000 and 2010, and the demand for polyester will increase by 29 million tons within the next 10 years, while the increase from 1999 to 2000 will be 16 million tons.
With the maturity of PET application technology, Asia will become a key demand area for PET. It is estimated that by 2010, Asia's demand will account for 29% of the world's total demand. North America's share will decrease from 50% in 1990 to 41% in Europe. The Middle East and Africa will still account for about 30%.
By 2002, the world's demand for PET resin will exceed existing and under-construction production capacity. The regions with the tightest supply will be the North American region, and the region will be in short supply in 2001. However, due to the situation in Europe and Asia, There is a large excess of production capacity in Africa, Africa, and the Middle East. After 2003, supply and demand can be balanced.
Since the 1990s, the PET market has been in a relatively mild state and demand growth has remained stable. Since the mid-1990s, in view of the favorable production environment and consumption situation, the world's largest PET producers have expanded their production capacity, resulting in a sudden increase in production capacity and a break in the normal balance between supply and demand. The market was once in a weak position. It is precisely because of this, the operating rate of the manufacturers all over the world has been declining, the North American region has dropped to about 80%, and the average European producer has only 78%.
Fiber is the largest consumer of polyester, and its demand in 2000 is expected to be around 18 million tons, with an average annual growth rate of 7%. By 2010, it will reach 35 million tons.
The main growth area for polyester fiber production is still Asia. Its share has risen from 74% in 1990 to 80% in 2000. North America’s share has fallen from 15% to 11.5%. Europe, Africa and the Middle East will Maintain a 1% share.
Judging from the existing production capacity and the capacity being built, the supply and demand of polyester fiber in the world will reach a balance in 2002, and the production capacity will need to increase in the next two years to meet the needs of the world.
The second major use of polyester is the production of PET container resins, with an average annual growth rate of up to 10%. It will increase to 17 million tons by 2010, 2.5 times the demand in 2000. Among them, the market demand for PET food packaging bottles is optimistic. At present, the world PET consumption in the food packaging market is still growing steadily. The demand for soft drinks has become the main consumption point of PET resin.
Although the increase in excess capacity since 1997 has severely affected the market for PET, it was later discovered that the market for PET was sold. However, it was later found that PET resin has a promising future in the non-packaging field and can fully reach the packaging industry. The packaging material storage performance, aesthetic and many other requirements. Therefore, since the beginning of 1997 (especially in the last 2 years), the use of PET in the non-food packaging market has grown rapidly. It is estimated that the market for PET blow containers in the US, which is the world’s largest consumer of PET this year The growth rate reached 55%, of which PET containers for washing and dyeing will increase by 32% (starting from 1996) and PET containers for pharmaceuticals will increase by 18%.
Since the 1990s, the demand for non-fiber polyester in the world has entered a period of rapid growth. In 1998, the production capacity of non-fibre polyester reached 9.323 million tons, an increase of 188.64% over 1990. Among them, the production of non-fiber polyester in Asia reached 2.854 million tons, an increase of 226.92% over 1990.
It is estimated that the polyester market will grow at an average annual rate of 7.5% between 2000 and 2010, and the demand for polyester will increase by 29 million tons within the next 10 years, while the increase from 1999 to 2000 will be 16 million tons.
With the maturity of PET application technology, Asia will become a key demand area for PET. It is estimated that by 2010, Asia's demand will account for 29% of the world's total demand. North America's share will decrease from 50% in 1990 to 41% in Europe. The Middle East and Africa will still account for about 30%.
By 2002, the world's demand for PET resin will exceed existing and under-construction production capacity. The regions with the tightest supply will be the North American region, and the region will be in short supply in 2001. However, due to the situation in Europe and Asia, There is a large excess of production capacity in Africa, Africa, and the Middle East. After 2003, supply and demand can be balanced.
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