With both the production end and the demand end benefiting, my country’s polyester has broad prospects for development

Polyester, also known as polyester fiber, is a polymer compound and the largest variety of synthetic fiber. It is produced by polycondensation and processing of organic dibasic acids and diols. Polyester has the advantages of high strength, low cost, not easy to stick, anti-wrinkle and easy to iron, good shape retention, good resilience, tough and durable, good corrosion resistance, simple production process, easy to wash and quick-drying, etc., and is widely used in clothing fabrics, Home textile fabrics, packaging fabrics, filling materials, industrial textiles and other fields.

Polyester can be divided into polyester filament and polyester short fiber according to different shapes. Polyester filament can be divided into virgin yarn, textured yarn and drawn yarn. Polyester staple fiber can be divided into high modulus type, high strength and high modulus type, low strength and medium elongation type, medium strength and medium elongation type, and high strength and low elongation type according to different physical properties; according to different uses, it can be divided into clothing, decoration, For industrial use and wadding; according to different processing requirements, it can be divided into wool type, cotton type, cotton type and silk type; according to different fiber cross-sections, it can be divided into special-shaped silk and hollow fiber.

According to the “Polyester Industry In-depth Market Research and Investment Strategy Suggestions Report 2023-2027” released by the Industrial Research Center, polyester is a A synthetic fiber with excellent properties and low price. my country is the largest polyester producer in the world. In recent years, my country’s polyester market demand has continued to rise, and the industry is developing well.

From the perspective of polyester production, on the one hand, polyester is a petrochemical product that is closely related to the development of petroleum. my country’s petroleum industry is developing well and has achieved positive growth in crude oil production for five consecutive years, providing sufficient raw materials for polyester production. Among them, according to data from the National Bureau of Statistics, my country’s crude oil production will be 204.67 million tons in 2022, a year-on-year increase of 2.9%. On the other hand, with the continuous advancement of my country’s science and technology level, domestic polymer chemistry, organic synthesis and other fields have developed rapidly, and local enterprises’ polyester production and processing technology have continued to improve, further promoting the development of polyester.

From the perspective of polyester demand, as residents’ living standards and consumption levels continue to improve, the public’s requirements for quality of life are gradually increasing, and the scale of the “soft decoration” market such as home textiles continues to expand, reaching 311.2 billion yuan in 2022, driving the polyester market Demand rises. In addition, in recent years, with the support of the government, my country’s polyester product types have become increasingly diverse, and new products such as fine, extra high-strength, low-elongation staple fiber, and composite wool-like staple fiber have been developed. As the types of polyester products increase, the application range of polyester continues to expand and its development prospects are broad.

Industry analysts said that my country has a large number of polyester production companies, market concentration is not high, industry competition is fierce, and companies are mainly distributed In eastern coastal areas such as Zhejiang, Fujian, and Jiangsu. Zhejiang Xinfengming, Zhejiang Tongkun Co., Ltd., Zhejiang Hengyi Petrochemical, Jiangsu Shenghong, Fujian Baihong, Fujian Tiansheng Chemical Fiber, etc. are the main polyester manufacturers in my country. Among them, Zhejiang Tongkun Co., Ltd. accounts for approximately 12.1% of my country’s polyester market share, ranking first among enterprises; followed by Zhejiang Xinfengming, accounting for approximately 11.4%.