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
1 Hengyi 8470000 12.90% Tongkun 10800000 14.60%
2 Tongkun 7400000 11.30% Hengli 10000000 13.50%
3 Xin Feng Ming 5700000 8.70% Hengyi 9770000 13.20%
4 Sanfame 3500000 5.30% Xin Feng Ming 9500000 12.80%
5 Sinopec 3430000 5.20% Sanfame 6500000 8.80%
6 Hengli 3200000 4.90% Sinopec 4130000 5.60%
7 Yisheng 2700000 4.10% Yisheng 3200000 4.30%
8 Shenghong 2280000 3.50% Shenghong 3000000 4.10%
9 China Resources 2100000 3.20% Wankai 2400000 3.20%
10 Wankai 1800000 2.70% Billion Holdings 2000000 2.70%
In Total 40580000 61.90% 61300000 82.80%

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.