Global demand for polyester to remain weak

Asked by rokoyof748 on 2019-11-07

The current global demand outlook for polyethylene terephthalate (PET)/polyester remains broadly weak given the uncertainty surrounding the trade war between the USA and China and the overall slowdown in economic growth among major consumer markets, according to an ICRANSE 0.81 % note released on Thursday.

However, over the long-term, global growth in polyester consumption is expected to be at a CAGR of about 6 per cent. Contrary to the global scenario, the current domestic polyester industry continues to grow at a healthy rate driven by growing demand for synthetic fibres and plastic-based packaging products. The basic building

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