Polyethylene terephthalate (PET)
The polyester and PET market has seen dramatic change over the last 20 years. Polyester fibre is among the most preferred fibres for textile applications with growth in share from cotton, wool, acetate, and synthetic fibres, while PET packaging is today’s preferred package for many beverage, food, and household products versus cans or glass. Likewise, equipment and process technologies in polyester, as well as in textiles and bottles, have advanced with scale, lower unit capital and operating costs, and improved efficiencies. Geographically, fibre production continues to migrate to Asia as the high labour component of textile manufacturing favours the low labour costs of that region. Contrary to fibre, PET remains a regional domestic business driven by economics of capital expenditure, low operating and delivery costs, and products designed for specific markets. The inter-regional trade balance for PET is uncertain in the future as Asia and the Middle East continue to build a surplus of capacity in excess of their domestic markets.Beitrag auf Deutsch lesen
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