Documente Academic
Documente Profesional
Documente Cultură
OF POLYESTER INDUSTRY
ACROSS
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TABLE OF CONTENTS
INTRODUCTION.............................................................................3
AN OVERVIEW ON GLOBAL POLYESTER INDUSTRY........................4
POLYESTER INDUSTRY IN INDIAN SUBCONTINENT.......................7
INDONESIA POLYESTER MARKET SCENARIO...............................14
MARKET TRENDS OF POLYESTER IN AMERICA (NORTH AND
SOUTH).......................................................................................16
EUROPEAN POLYESTER INDUSTRY..............................................20
MIDDLE EAST POLYESTER INDUSTRY OUTLOOK.......................22
POLYESTER INDUSTRY TRENDS OF SOUTH KOREA......................24
POLYESTER INDUSTRY TRENDS IN REST OF WORLD...................26
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REFRENCES..................................................................................30
INTRODUCTION
Polyester is a synthetic polymer made of purified terephthalic acid (PTA) or its
dimethyl ester dimethyl terephthalate (DMT) and monoethylene glycol (MEG).
With 18% market share of all plastic materials produced, it ranges third
after polyethylene (33.5%) and polypropylene (19.5%).
Since their invention in the late 1930s, man-made fibers production was first
dominated by European and U.S. manufacturers and later on, by Japan. With
the appearance of China as the dominant producer of the whole textile chain,
this
scenario
has
changed
drastically.
Also, the share of man-made fibers in global fiber production has turned in its
favor. For decades, the consumption of natural fibers mainly cotton and
synthetic fibers was more or less 50:50. With the growing global population and
the rising importance of technical textiles and nonwovens, just to name a few
reasons, this ratio changes almost every year in favor of man-made fibers.
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to
continue
over
the
next
six
years.
Rapid
industrialization,
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oil, and in fact there is almost no statistical correlation between oil prices and
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Projected
201112
201213
201314
201415
201516
201617
RIL
700
700
1000
1000
1000
1300
Indorama Synthetics
300
300
300
300
300
300
Bombay Dyeing
165
165
165
165
165
165
Others
169
365
185
285
415
235
Total
1334
1530
1650
1750
1880
2000
Capacity (kt)
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Projected
201112
201213
201314
201415
201516
201617
Capacity KT
1334
1530
1650
1750
1880
2000
Consumption
1214
1188
1283
1386
1497
1600
-2%
8%
8%
8%
7%
Producer
Globally polyester filament production in 2000 was 10907 000 tonnes and in
2011 it was 25991 000 tonnes which is expected to touch 32590 000 tonnes in
2016.
Polyester filament growth is forecast at 4.3% per annum from the 23.6 million
tons of 2010 and the 26.0 million of 2011 which is split: 23.5 million tons textile
filament growing at 4.3% per annum; 1.9 million tons industrial filament
growing at 4.6% per annum; and 0.6 million tons of other filament (including
spun bonded and BCF) growing at 5.4% per annum. In textile filament China has
72% of the world market followed by India with 8%.
Projected
201112
201213
201314
201415
201516
201617
RIL
750
1150
1150
1150
1150
1550
Indorama
300
300
300
300
300
300
JBF Industries
260
260
260
260
260
260
Alok Industries
250
350
430
430
430
430
Garden Silks
190
290
360
360
360
360
Bhilosa
216
243
324
324
324
324
Others
616
1428
1616
1839
2149
1992
Total
2582
4021
4440
4663
4973
5216
Capacity (kt)
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Projected
201112
201213
201314
201415
201516
201617
Capacity
2582
4021
4440
4663
4973
5216
Consumption
1973
2380
2660
2940
3220
3500
21%
12%
11%
10%
9%
Producer
(kt)
BRPL
India Polyfibres
Indian Organic Chemicals
Indo Rama Synthetics 4
JCT Ltd.
JK Synthetics2
Orissa Synthetics
Reliance Industries Limited (RIL)
Swadeshi Polytex2
India s PSF industry is growing by double digit since last 10 years. During 199293 to 2001 - 02, PSF demand has increased at a CAGR of 15.4 percent.
Indian PSF Industry summary
Table 1
Unit
560,900
576,700
576,700
596,700
610,700
610,700
10
10
10
10
10
10
10
RIL
RIL
RIL
RIL
RIL
RIL
RIL
259,640
347,946
443,603
494,624
514,548
561,994
556,374
Percent
2.07
34.01
27.49
11.50
4.03
9.22
-1.0
Average price
Rs/kg
84.5
59.1
46.3
43.0
51.6
53.5
46.7
Price change
Percent
1.83
-30.03
-21.71
-7.11
19.93
3.68
-1.27
Excise duty
Percent
23.0
23.0
20.7
20.7
18.4
18.4
18.4
21,940
20,572
20,535
21,269
26,536
30.06
25.98
22.8
23.7
13.5
17.9
18.2
13.4
5.2
Number of players
Largest player
Tons
Demand
Demand growth
4
Turnover
6
Margins
Rs million
Rs/kg
290,900
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MTA
Capacity
1999-2000
Table 4
2000-01
2001-02
E 2002-03
2003-04
2004-05
CAGR1
BRPL
30,000
30,000
30,000
30,000
30,000
30,000
India Polyfibres
22,400
22,400
22,400
22,400
22,400
22,400
34,000
34,000
34,000
34,000
34,000
34,000
132,300
132,300
132,300
132,300
132,300
282,300
16.4
60,000
60,000
60,000
60,000
60,000
60,000
35,000
35,000
35,000
35,000
35,000
35,000
13,000
13,000
13,000
13,000
13,000
13,000
270,000
270,000
270,000
430,000
430,000
430,000
9.8
14,000
14,000
14,000
14,000
14,000
14,000
610,700
610,700
610,700
770,700
770,700
920,700
8.5
JCT Ltd.
Orissa Synthetics
2
JK Synthetics
http://www.yarnsandfibers.com/preferredsupplier/reports_fullstory.php?id=89&s
ection=&p_type=PSF&country=India
Reliance Industries is the largest producer of polyester fibre and yarn in the
world, with a capacity of 2.5 million tonnes per annum. In 2012 Reliance
Industries has vision to expand their polyester chain from seven million tonnes
to 15 million tonnes by 2015 at an investment of $3.5 billion. So while the
polyester chain currently yields $10 billion for Reliance, by 2015 it will yield $2021 billion,"
After tough competition from cotton last year, the manmade yarn and fabric
industry is expected to grow at a higher rate of five to seven per cent in 201516, on the back of stable crude oil prices. However, it is the domestic market
that will see the larger growth, as Indian synthetic yarn and fabric performance
has
not
been
one
of
the
best
internationally.
So, while companies in the segment are not expecting much from exports, the
domestic market might bring back some sheen, they say. While normal growth
of five to seven per cent is anticipated, if the economy does well, this could go
up to double-digit growth.
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10
In 2014-15, demand for most manmade filament & fibre was subdued due to a
decline in prices of cotton yarn. Also, says a report, the levy in July 2014 of antidumping duty on import of purified terephthalic acid (PTA), a major input,
further hit domestic production of polyester filament yarn.
10
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11
http://www.yarnsandfibers.com/downloads/Export_Watch-Sample.pdf
11
12
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12
13
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13
14
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14
In 2013 Asia Pacific Fibers which manufactures both staple fiber and filament
yarn, claims to hold the largest shares in both staple fiber and filament yarn
markets with 23 percent and 22 percent respectively. The company expects to
raise production by 14.9 percent to 1.04 million ton this year and plans to
expand sales to China and the United States.
In 2015 Company has posted a sales turnover of US$494 million as compared to
US$565 million in the previous year. Decline in sales revenue was primarily on
account of fall in polyester prices in line with falling prices of PTA and other key
commodities. Company has therefore ended the year with an operating loss
(before interest charges) of US$32.56 million as compared to the operating loss
of US$19.85 million for the previous year. Higher operating loss during the year
was primarily on account EBITDA loss of US$4.86 million as compared to a
positive EBITDA of US$9.57 million. EBITDA Loss during the year was mainly
due our PTA integration, which is at a disadvantageous position during the year
on account of low margins as our operations are based of PX forward. Due to
sluggish retail conditions, sales revenue of Performance Fabric Division of the
Company dipped to US$8.20 million as compared to US$13.69 million for the
previous year.
0.03
Nylon :
1.19
PFY :
2.27
PSF :
3.06
VSF :
14.79
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Cotton :
15
15
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16
16
Production in Brazil was impressive during the 1990s with cotton production
growing at 2.7% per an-num and manmade fibre/filament at a substantial rate
17
of 17.5% a year. However, the decade of 2000 saw the growth in manmade
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shrink to -0.7% per annum between 2000 and 2008 while cotton output
expanded 3% a year.
17
Mexico
Mexico is a major player in textiles for its proximity to USA. Although it is not a
major producer or ex-porter of fibre/filament, it is a major consumer and thus a
major importer. It domestic fibre/filament is very small; about 0.5% of global
production. It has modest production capacities of most manmade
fibre/filament, excepting viscose. In 2009, it ranked sixteenth in global
production, twenty third in export, but ninth in imports and thirteenth in
consumption.
During 1990s, production was robust in Mexico with almost all the type of
manmade fibre/filament rising, with overall growth rate of 4.7% per annum.
However, cotton production during that period was sluggish, declining 7.5% per
annum as acreage shrank 9.5% a year. In the decade of 2000, while production
of cotton increased due to expanding aea under crop that of manmade
fibre/filament de-clined sharply due to shutting of most capacities. The turbulent
2008 saw further fall in production and shutting of more capacities. In acrylic,
close to 100,000 tons of capacity was shut and over 100,000 tons of polyester
filament capacity was derated. During 2009, Mexico produced 171,000 tons of
manmade fibre/filament, down 8% from 2008 levels. Polyester filament yarn
production slumped 16% and that of acrylic was up 2%
The Top Manufacturers from Mexico are -
18
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18
19
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Sales by Business Segment Polyester net sales in 2013 were $68,704 million (US
$5,362 million), 9% lower than the net sales of $75,249 million (US $5,695
million) in 2012, due to decreases of 7% in volume and 2% in average prices.
The volume decline reflects the contraction in polyester export markets and, to a
lesser extent, the Cape Fear plant closure.
19
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20
20
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21
21
2002
2003
2004
Manmade fibre
351.0 381.0
n/a
Manmade yarn
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22
Turkish fibers and yarns industry has shown development and as a consequence
of the increase in demand for textile and clothing products from both domestic
and foreign markets, the production, exports and investment in the fibers and
yarns industry have increased.
22
Korteks
Polyteks-Sinterama
SASA Iplik.
Ertona Polyester fibers and Recycling
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23
Ertona Polyester fibers and Recycling is based in the city of Bursa in Turkey More than 40 years of experience in polyester fiber production of which 10 years
specifically regenerated PSF production. Company is a premium producer of
regenerated polyester staple fiber (PSF). It process 100% post-industrial
polyester waste and PET scraps in our production line in order to produce high
quality PSF and have a capacity of 180,000 Million tonne per annum. They are
one of the leading companies in the world for colored PSF. Their color chart
contains nearly 150 different colors. Color chart can be improved based on the
requirement.
23
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24
24
0.00
ASF :
2.38
Nylon :
3.49
PFY :
2.69
PSF :
3.63
VFY :
0.00
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Cotton :
25
25
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26
In supplies, Japan was the third largest producer of VFY and fourth largest
in acrylic fibre. It was also tenth largest producer in polyester. Japan
topped in ex-port of acrylic fibre in 2011. Similarly, it ranked seventh in
VSF exports.
26
MALAYASIA
Malaysia was the 12th largest producer of manmade fibre/filament in
2011 and eleventh largest consumer in Asian. Its mainstay has been the
polyester filament yarn industry. Of the 408,000 tons of manmade
fibres/filament produced in 2011, 70% or 286,000 tons was polyester
filament yarn and 72,000 tons in staple fibres. The only other manmade
fibre Malaysia produces is nylon. In 2011, 55,000 tons of nylon filament
yarn was produced. In manmade fibres, Malaysia accounts for 0.9% of
Worlds manmade fibre production. In polyester filament yarns, it has a
share of 1.31%.
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27
27
CHINA
China continued as the single largest producer and consumer of all fibre/filament
used in textiles. During 2009, it produced 31.10 million tons of fibre/filaments,
including 6.86 million tons of cotton and 24.24 million tons of manmade
fibre/filament. It was the top exporter of polyester filament yarn, polyester
staple fibre, nylons, viscose filament yarn and viscose staple fibre. It ranked
eleventh in acrylic fibre exports.
In 2009, China alone consumed for 50% of Worlds textile fibre. Fiber
consumption has recorded an annual rate of growth of 12% between 2000 and
2008, but increased at a slower pace of 6.3% in 2009. The slow pace was seen
in cotton, acrylic polyester fi-lament yarn and polyester staple fibre. Viscose
filament yarn consumption was down 8%.
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28
28
China dominates the textile industry and is the single largest producer and
consumer of all types of fibre/filament.
Top exporter of polyester filament yarn, polyester staple fibre, nylons, viscose
filament yarn andviscose staple fibre exports
In 2012, China alone consumed 38.5 million tons of fibre/filament accounting for
62% of Worlds tex-tile fibre/filament.
28.10
ASF :
35.38
Nylon :
44.80
PFY :
74.41
PSF :
61.78
VFY :
63.33
VSF :
59.02
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Cotton :
29
29
REFRENCES
http://www.dmoz.org/Business/Textiles_and_Nonwovens/Fibers/Manmade/Polyester/
http://www.culrav.org/pr/global-polyester-fiber-market-expected-reach-usd110-86-billion-2019-transparency-market-research.php
http://www.transparencymarketresearch.com/polyester-fiber-market.html
http://www.researchandmarkets.com/research/3p3423/polyester_fiber
http://www.cottonguide.org/cotton-guide/the-world-cottonmarket/polyester/#sthash.3DW5vNst.dpuf
http://articles.economictimes.indiatimes.com/2015-0410/news/61017693_1_reliance-industries-ltd-polyester-resin
http://www.ril.com/OurBusinesses/Petrochemicals/Polyesters.aspx
http://www.business-standard.com/article/markets/india-to-add-1-5-mtpapolyester-fibre-by-2013-111111900082_1.html
http://www.textileworldasia.com/Issues/2006/NovemberDecember/Features/Country_Profile-Indonesia
http://www.asiapacificfibers.com/ir_msg_pres_dir.html
http://www.fiber-indonesia.com/
http://www.business-standard.com/article/markets/india-to-add-1-5-mtpapolyester-fibre-by-2013-111111900082_1.html
http://www.textileworld.com/Articles/2013/October/Textile_News/The_Rupp_Re
port-The_Shift_In_Global_Man-made_Fibers_Production
http://www.textileworld.com/Issues/2004/September/Fiber_World/A_Polyester_
Saga_Geography_And_All
http://www.alpek.com.mx/pdf/2014/ingles/2013AnnualReport.pdf
http://www.business-standard.com/article/companies/polyester-sector-expectsbetter-year-115050600754_1.html
http://www.business-standard.com/article/companies/polyester-sector-expectsbetter-year-115050600754_1.html
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http://www.cirfs.org/Portals/0/Docs/Shanghai%20November%2089%202012%20Presentation1%20by%20F%20%20VAN%20HOUTE.pdf
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