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Led by Chinese demand, polyester fiber now commands almost 50 percent of the global fiber market, and within five years, its use will eclipse all other fibers combined
HOUSTON (Dec. 20, 2013) - Despite a persistent and growing oversupply, the market for polyethylene terephthalate (commonly referred to as PET or polyester fiber, and PET packaging resin), is growing in step with the expanding middle classes in developing countries such as China, while demand in developed countries such as the U.S. is starting to flatten, according to a new global study by IHS (NYSE: IHS)
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