Home / Knowledge / News / Textiles / Global MEG market foresees healthy demand
Global MEG market foresees healthy demand
03
Aug '11
Global demand for MEG is expected to grow by 7% with India, and China leading the way. India is poised for a double digit growth and China's consumption of MEG is expected to account for almost 43% of the global demand. Following an increase in demand in US and Europe, MEG market is expecting a rise in demand in the Asian regions as well. Market would remain robust during 2011.

Shutting down of plants is expected to tighten MEG supply. Industry experts predict that tight supply of MEG would only support the market. Low stocks would result in good margins, and polyester production units would keep high operating rates.

They believe that this will tighten the demand of MEG. PTA and MEG are the major feed stocks for polyester production. Plans of shutting down the Nan Ya plan have boosted the prices, but fell later when the plan was postponed.

A strong growth is projected for petrochemicals, and world needs more crackers to keep up with the demand. With demand seen increasing in the key markets, the industry would soon need new capacities.

Click here to read the complete article.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search