Polyester Manufacturing Witnesses Surge of Investments: China Leads The Way

NEW DELHI--May 13, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Majorly derived from petroleum through polymerization, polyester is a synthetic resin that finds application across various industries, especially consumer durables. According to the Textile Exchange's Materials Market Report 2023, polyester production volumes increased from 61 million tons in 2021 to 63 million tons in 2022. It continues to be the most widely produced fiber globally, making up 54% of productio