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Polyester (POY) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23459
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Polyester (POY) Prices April 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Polyester (POY) | Chemical | China | 1268 USD/MT |
In April 2023, the price of polyester (POY) in China reached 1268 USD/MT.
Polyester (POY) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Polyester (POY) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyester (POY) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of polyester (POY) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyester (POY) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing polyester (POY) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Polyester (POY) Market Analysis
The global polyester (POY) market size reached US$ 18.539 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 30.533 Billion, at a projected CAGR of 5.7% during 2023-2032.
- The versatility and performance characteristics like strength, durability, wrinkle resistance, and colorfastness of POY makes it suitable for a broad range of textile applications. Its ability to mimic natural fibers at lower cost is contributing to its popularity among key players and individuals.
- As per the IMARC Group’s report, the global textile market reached US$ 1,027.0 Billion in 2023. The rising utilization of POY in the textile industry for producing various types of fabrics, such as apparel, home textiles, and industrial textiles is propelling the growth of the market.
- Ongoing advancements in production technologies, including polymerization, spinning, and texturing, are leading to the improvements in the quality, efficiency, and cost-effectiveness of POY manufacturing processes.
- The polyester (POY) servers as a cost-effective alternative to natural fibers like cotton, wool, and silk which are subject to price fluctuations and supply chain disruptions. As manufacturers are seeking more stable and sustainable raw material sources, POY emerges as a viable option for reducing dependency on natural fibers.
- In addition, the growing concerns among individuals about environmental sustainability, there is a shift towards using recycled polyester (rPET) in POY production. rPET is derived from post-consumer plastic bottles and offers environmental benefits such as reduced carbon footprint and waste diversion.
- The rising employment of POY in the production of several home textile products, such as curtains, upholstery fabrics, bed linens, blankets, and towels are bolstering the market growth. Additionally, it is utilized in packaging applications like flexible packaging films, shrink films, and industrial packaging materials.
- The growing adoption of POY in technical textile applications, including reinforcement fabrics, composites, and specialty textiles for aerospace, construction, and marine is strengthening the growth of the market.
- POY is used in the manufacturing of interior components like seat upholstery, headliners, and carpeting. Its durability and resistance to wear make it an ideal material for these applications, ensuring that the interior of electric cars remains aesthetically pleasing and functional over time.
Polyester (POY) News
The report covers the latest developments, updates, and trends impacting the global polyester (POY) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyester (POY) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyester (POY) price trend.
Latest developments in the polyester (POY) industry:
- In 2023, Indorama Ventures Public Company Limited (IVL), a global sustainable chemical produce, along with Corpus Christi Polymers (CCP) joint venture partners evaluate options to optimize completion of a PTA-PET plant at Corpus Christi, Texas.
- February 2024: TCG Group is investing ₹1,250 crore in an expansion project for Garden Silk Mills Private Limited (GSMPL) in Gujarat. This initiative focuses on enhancing the production of fully drawn yarn (FDY) and other specialty yarns. TCG, which acquired GSMPL two years ago, aims to strengthen its petrochemical businesses while expanding its footprint in the textile sector, particularly in the PTA-Polyester Downstream segment. The expansion includes a state-of-the-art manufacturing plant with a capacity of 272 tons per day, utilizing advanced Oerlikon Barmag Wings+ machines. TCG is also committed to sustainability, investing in hybrid renewable power to reduce its carbon footprint and planning future facilities for industrial yarn and geotextiles.
Product Description
Polyester (POY) is one of the polyester fibers having manufacture process like staple fiber (PSF), but with a slight variation in the spinning process. This versatility makes it suitable for various finishing uses and manufacturing processes. It demonstrates high strength and endurance, making it appropriate to use it in applications that necessitate the employment of robust and long-lasting materials. It can withstand frequent washing, abrasion, and wear, maintaining its structural integrity over time. It also has good colorfastness that enables it to retain dyes and pigments well. Its raw material is recycled polyester (rPET), which helps consumptions of virgin resources and minimize plastic waste by recycling. It is applied to a broad range of textile products including clothing, furnishings and industrial uses. POY is known for its softness, toughness, wrinkle resistance, and easy care properties, making it a versatile and popular synthetic fiber in textiles.
Regional Coverage
The report provides a detailed analysis of the polyester (POY) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyester (POY) price trend.
Global Polyester (POY) Price
The report offers a holistic view of the global polyester (POY) pricing trends in the form of polyester (POY) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of polyester (POY) but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polyester (POY) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Polyester (POY) Price
European polyester (POY) prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed polyester (POY) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Polyester (POY) Price
The analysis of polyester (POY) prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific polyester (POY) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Polyester (POY) Price
The report explores the polyester (POY) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on polyester (POY) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Polyester (POY) Price
The polyester (POY) pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This polyester (POY) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Polyester (POY) Price
The analysis of polyester (POY) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Polyester (POY) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Polyester (POY) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of polyester (POY) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting polyester (POY) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyester (POY) price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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