QYR Market Research Global chemical fiber oil market research | Page 4

QYResearch
The vast majority of polyester fiber demand now derives from
Northeast Asia (69% in 2016), followed by the Indian Subcontinent
(10%) and Southeast Asia (6%). In other parts of the world such as
Western Europe or North America, textile producers have been forced
to restructure their businesses because of the large volumes of low-
cost fabrics and clothing entering their countries and their inability to
compete with it. As a result, within the developed world, textile
capacity rationalization or transformation has been the watchword for
the past two decades. The Western European and North American
share of polyester fiber consumption has declined and remained
subdued, accounting for just about 8% of global demand in 2016.
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