The top 10 Polyester Manufacturers in China mainly lie in Jiangsu and Zhejiang provinces. The polyester production capacity of these two provinces accounts for about 77% of the total national capacity. Zhejiang area is the largest production and marketing province, in which Huzhou, Xiaoshao, and Ningbo areas are the relatively concentrated industry layout. The top 10 polyester manufacturers in China are Hengyi Group, Tongkun Group, Xin Feng Ming Group, Sanfame Group, Sinopec Group, Hengli Group, Yi Sheng, Shenghong Group, China Resources, and Wankai New Material.
|Ranking No.||In 2021||In 2022 (Predicted)|
|Company Name||Yearly Capacity (Ton)||Market Share||Company Name||Yearly Capacity (Ton)||Market Share|
|3||Xin Feng Ming||5700000||8.70%||Hengyi||9770000||13.20%|
|4||Sanfame||3500000||5.30%||Xin Feng Ming||9500000||12.80%|
China’s polyester production technology and equipment are localized, and the scale of a single set of equipment has been continuously expanded, which has reduced the cost of investment and shortened the construction period of the equipment. In recent years, China’s production capacity has entered a period of rapid growth.
With the rapid development of China’s economy, China’s polyester industry’s position in the global market is gradually rising. Relevant data shows that China’s polyester production has increased from 43.54% of the global share to around 64.35% in the past ten years.
In the future polyester industry, brand effect and large-scale development are important bargaining chips for these enterprises to compete for the market.