Where does China get polyester from?

Top 10 Polyester Manufacturers in China

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The top 10 Polyester Manufacturers in China mainly lie in Jiangsu and Zhejiang provinces. The polyester production capacity of these two provinces accounts for about 77% of the total national capacity. Zhejiang area is the largest production and marketing province, in which Huzhou, Xiaoshao, and Ningbo areas are the relatively concentrated industry layout. The top 10 polyester manufacturers in China are Hengyi Group, Tongkun Group, Xin Feng Ming Group, Sanfame Group, Sinopec Group, Hengli Group, Yi Sheng, Shenghong Group, China Resources, and Wankai New Material.

Ranking No. In In (Predicted) Company Name Yearly Capacity (Ton) Market Share Company Name Yearly Capacity (Ton) Market Share 1 Hengyi 12.90% Tongkun 14.60% 2 Tongkun 11.30% Hengli 13.50% 3 Xin Feng Ming 8.70% Hengyi 13.20% 4 Sanfame 5.30% Xin Feng Ming 12.80% 5 Sinopec 5.20% Sanfame 8.80% 6 Hengli 4.90% Sinopec 5.60% 7 Yisheng 4.10% Yisheng 4.30% 8 Shenghong 3.50% Shenghong 4.10% 9 China Resources 3.20% Wankai 3.20% 10 Wankai 2.70% Billion Holdings 2.70% In Total 61.90% 82.80%

China&#;s polyester production technology and equipment are localized, and the scale of a single set of equipment has been continuously expanded, which has reduced the cost of investment and shortened the construction period of the equipment. In recent years, China&#;s production capacity has entered a period of rapid growth.

With the rapid development of China&#;s economy, China&#;s polyester industry&#;s position in the global market is gradually rising. Relevant data shows that China&#;s polyester production has increased from 43.54% of the global share to around 64.35% in the past ten years.

In the future polyester industry, brand effect and large-scale development are important bargaining chips for these enterprises to compete for the market.

The operations of textile and apparel manufacturing have globally moved to Asian countries in the past few decades as the labor-intensive textile industry had the benefit of availing cheap labor. This shift was possible because of the Multi Fibre Agreement (MFA) which has helped to build mutual relationship between developed countries like the U.S. and the European Union and developing nations like China.

There was an increase in the demand of natural and artificial fibres as a result of growth in textile and apparel sectors in China. Especially, China's consumption of polyester fiber increased. The demand of polyester filament yarn (PFY) and polyester staple fiber (PSF) simultaneously increased. China had large amount of polyester fiber to cater to the growing need of polyester. The Chinese government later stabilized the domestic industry in China in . Since then, China's polyester industry is on the rise.

China was further benefitted when MFA was replaced by the Agreement on Textiles and Clothing (ATC) in , which created an atmosphere of free trade among the importing and exporting countries in textile and clothing sectors. This continued for a period of ten years. Today, China has amassed surplus polyester compared to the global demand. China exports one fourth of its textiles to the world.

Paraxylene (PX), Polyethylene terephthalate (PET), purified terephthalic acid (PTA) and MEG (mono ethylene glycol) are the main raw materials used for producing and processing of polyester fibers, films and plastic items. More than 90% PTA and MEG are used for PET production in China.

Two decades before, the U.S. and Europe were dominating the global polyester market. Today, the scenario has completely changed. Asia-Pacific region has become an important location for polyester manufacturing as there are many textile industries which are based here. Countries like China, India, Indonesia, Taiwan and South Korea have grown tremendously in this industry in the past few years.

There was a considerable drop in the demand in various sectors including textile and apparel due to the global economic slowdown in the year . This turmoil affected the polyester industry badly all over the world. Additionally, reduction in the disposable income of the consumers as well as reduction in production and consumption of polymers globally further dampened the polyester market.

However, China regained the position of being the largest supplier of polyester fibre in and has maintained its position. The global production of staple polyester fiber has steadily increased from 14.6 million tons in and is expected to reach 17.9 million tons by . As of January , the polyester staple fibre production capacity reached 20.5 million ton, in which 90% of the surplus was in Asia alone with China being the main contributor.

The Asian countries contributed for 94% of total global polyester capacity. This growth was basically witnessed by Asia, while West Europe, Middle East countries and CIS (Commonwealth of Independent States) showed a decline. Polyester production in America bounced back to some extent.

It is also estimated that demand for polyester filament yarn will reach 37.5 million tons in , whereas its supply will increase by 4.5% annually that comes to 38 million. This will result into a surplus of half a million ton of polyester filament yarn. The forecast is that the global polyester market will reach 39.3 million tons by with China being the leading contributor.

In , China produced 26 million tons of polyester annually, whereas its annual domestic input (Production+imports- exports) was 24.6 million tons. It is worth noting that in spite of the fact that China accounts to 50% of world's polyester production and consumption, only 4-6% of world polyester exports is done by China.

In China, polyester fiber processing is mainly done on the coastal area of Zhejiang and Jiangsu. Half of the polyester output of China is produced in Zhejiang region and a third of polyester is produced in Jiangsu. China will continue to be the largest polyester producing country in the world in also. It currently produces 30 million kilograms of polyester which includes 9 million of staple fibre and 21.5 million kilograms of polyester filament. Moreover, the polyester demand is estimated to grow at a compound annual growth rate of 4.7 to5.8 from - in China and globally.

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New polyester plants are being set up nowadays which have advanced four-reactor construction replacing the five reactor construction. This makes the plant more efficient and profitable. According to a report the polyester production growth in China outpaces the GDP growth of the country.

China being the key global player in polyester production, will force the other polyester producing nations to limit their polyester production. Also, there is anticipation that there will be a competition between India and China for the production of polyester fibre.

References:

1.      Businesswire.com

2.      Companiesandmarkets.com

3.      Dtcompany.com

4.      Ceri.ttu.edu

5.      Textileworld.com

 

One of the most widely used yarns in the world is polyester. It is affordable and is largely used in the textile industries. In the olden days, any rural person migrating to a city would first buy polyester clothing. With increasing popularity of polyester fibre, its market has slowly but steadily grown over the last few decades.The operations of textile and apparel manufacturing have globally moved to Asian countries in the past few decades as the labor-intensive textile industry had the benefit of availing cheap labor. This shift was possible because of the Multi Fibre Agreement (MFA) which has helped to build mutual relationship between developed countries like the U.S. and the European Union and developing nations like China.There was an increase in the demand of natural and artificial fibres as a result of growth in textile and apparel sectors in China. Especially, China's consumption of polyester fiber increased. The demand of polyester filament yarn (PFY) and polyester staple fiber (PSF) simultaneously increased. China had large amount of polyester fiber to cater to the growing need of polyester. The Chinese government later stabilized the domestic industry in China in . Since then, China's polyester industry is on the rise.China was further benefitted when MFA was replaced by the Agreement on Textiles and Clothing (ATC) in , which created an atmosphere of free trade among the importing and exporting countries in textile and clothing sectors. This continued for a period of ten years. Today, China has amassed surplus polyester compared to the global demand. China exports one fourth of its textiles to the world.Paraxylene (PX), Polyethylene terephthalate (PET), purified terephthalic acid (PTA) and MEG (mono ethylene glycol) are the main raw materials used for producing and processing of polyester fibers, films and plastic items. More than 90% PTA and MEG are used for PET production in China.Two decades before, the U.S. and Europe were dominating the global polyester market. Today, the scenario has completely changed. Asia-Pacific region has become an important location for polyester manufacturing as there are many textile industries which are based here. Countries like China, India, Indonesia, Taiwan and South Korea have grown tremendously in this industry in the past few years.There was a considerable drop in the demand in various sectors including textile and apparel due to the global economic slowdown in the year . This turmoil affected the polyester industry badly all over the world. Additionally, reduction in the disposable income of the consumers as well as reduction in production and consumption of polymers globally further dampened the polyester market.However, China regained the position of being the largest supplier of polyester fibre in and has maintained its position. The global production of staple polyester fiber has steadily increased from 14.6 million tons in and is expected to reach 17.9 million tons by . As of January , the polyester staple fibre production capacity reached 20.5 million ton, in which 90% of the surplus was in Asia alone with China being the main contributor.

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