Industry News

CMAI Completes 2006 World Terephthalates & Polyester Analysis

Published on 2005-09-01. Author : SpecialChem

HOUSTON -- Chemical Market Associates, Inc. (CMAI) recently completed the 2006 World Terephthalates & Polyester Analysis, an annual global study covering the period 2000 to 2010 for the terephthalates and polyester markets. The major polyester products covered include terephthalic acid (TPA) and dimethyl terephthalate (DMT), polyester polycondensation, staple and filament, bottle resin, polyester film, polytrimethylene terephthalate, polybutylene terephthalate as well as other terephthalate derivatives. This study, authored and prepared from CMAI's Singapore location, offers a true Asian perspective on these dynamic markets.

According to CMAI consultants, demand drivers for TPA continue to be region specific. Absolute demand and demand growth in Asia continues to be dominated by polyester fiber, which dwarfs the market size of PET resin, although the latter has grown significantly. In Europe and the Americas, PET bottle resin has significantly increased market share and now exceeds demand for polyester fiber.

Asia continues to be the focal point for the global TPA market. Within Asia, Chinese imports have taken center stage in terms of determining the regional supply and demand dynamics. Strong growth of TPA demand from China will continuously draw more TPA imports, which will exceed 6 million metric tons in 2005 and 2006.

Northeast Asia still remains the focal point for polyester, with a total production of 21.6 million metric tons of polyester polymer in 2005, slightly more than half the total world market. In the Americas and Europe, the polyester fiber supply chain will struggle to compete with low-cost imports of finished goods, while demand in industrial fibers, technical textiles and non-wovens remains healthy.

Although more than two-thirds of the world polyester demand is aimed towards fibers, PET resin has captured market share such that PET growth rates will be at higher levels than that of fiber. PET resin demand will increase by over 7 percent per year from 2005 to 2010. The Americas is still the largest market for PET resin demand. Although the market is moving toward saturation, PET demand in the Americas will still account for 38 percent of total world demand in 2005. Market share of European demand remains relatively stable, sustaining around one-third of global demand. Demand in Asia is growing faster than in other regions, and will result in market share rising to 26 percent in 2005.

CMAI's 2006 World Terephthalates & Polyester Analysis is available in book and CD-ROM format and also includes technology analysis, trade, price forecasts as well as other pertinent issues in relation to the polyester industry.

CMAI is a petrochemical consulting firm that services a wide range of companies all over the world. Since 1979, CMAI's goal has been to provide accurate, timely consulting services for the worldwide petrochemical, plastics, fiber and chlor-alkali industries. CMAI maintains offices in Houston, New York, London, Dubai, Singapore and Shanghai. Clients to CMAI services include chemical and oil companies, engineering & construction companies, banking and financial institutions, plastic converters, government agencies and trading companies.

Source: CMAI

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