QYR Market Research Global chemical fiber oil market research | Page 6

QYResearch
• In short, China and India are the major chemical fiber producing
countries in the world, both of which occupy more than 70% of the
global chemical fiber market share. The downstream demand from
China and India players has driven the continuous development of this
industry. Obviously, the markets in the United States, Japan and
Western Europe are already very mature. We can hardly see the
potential of these markets. Although Europe and Japan are the major
production areas, the share of consumption in Japan and Europe is not
significant. High quality chemical fiber oil from Japan and Germany
mainly exports to China, India and Southeast Asia. It is hard for
German and Japanese manufacturers to occupy a larger market share
due to higher prices than local manufacturers.
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