Opportunities and challenges for Sustainable Development of Chemical Fiber Industry
by Evan Nasseri Seo ExpertFOR IMMEDIATE RELEASE
Recently, the biannual
professional meeting at the highest level in the chemical fiber
industry of Asia, the 12th Asian Chemical Fiber Conference was held in
Bali, Indonesia. The theme of the meeting is "Sustainable Development of
Chemical Fibers", representatives of chemical fiber associations from
nine countries and regions(China, Indonesia, Japan, Korea, Malaysia,
Pakistan, China Taiwan, Thailand) attended the meeting.
On the
first day of the conference, representatives of the chemical fiber
industry of various countries introduced the development status,
structural adjustment and challenges of their textile and chemical fiber
industries. On the second day of the meeting, representatives of the
chemical fiber industry from China, Japan, India, South Korea, Thailand,
Indonesia, the European Union and other countries and regions gave
special presentations focusing on the balance of supply and demand,
sustainability, and the future path. In this paper, the long-term supply
/ demand forecast and structural change in the global and Asian
chemical fiber industry, the analysis of supply and demand of chemical
fiber raw material and the market prospect, and the exploration of new
development path of chemical fiber industry are discussed and exchanged
in depth.
For the demand and supply prospects for synthetic fiber
raw materials, R D Udeshi, president of the Indian Chemical Fiber
Association, said that global economic growth had slowed down under the
influence of various macroeconomic factors. Textile trade is also likely
to suffer along with massive global trade. Trade growth is expected to
be 3.7% in 2019 and 3.9% in 2018, and there may be a further recession
if the trade environment continues to deteriorate. Of course, we should
also see that, Asia's share of the global economy has risen to 34%
driven by China's rapid growth, this trend is expected to continue with
rapid urbanization in countries such as India and Indonesia, and Asian
economies will continue to drive global consumption growth.
In
the future, polyester fiber is still the main raw material of textile
industry. In the global economy, the Asian textile market will play a
leading role in contribution and consumption, and the industry will pay
more attention to rewarding projects and invest in the future. As the
economy grows, global demand expectations have been raised, but recent
economic turmoil has not attracted attention, participants should be
careful to formulate strategies.
For the medium-term supply &
demand forecast and challenge of global chemical fiber, Masayuki WAGA,
president of the Japan Chemical Fiber Association, said that by 2022,
fiber demand is expected to reach 109 million 700 thousand tons;
chemical fiber consumption will reach 75.9 million tons, an annual
increase of 4%, and production capacity is expected to reach 99.2
million tons, an annual increase of 2.6%; The gap between capacity and
consumption is expected to reach 23.3 million tons. The excess capacity
in 2022 will shrink to 23.4% from 28.5% in 2017.
The Masayuki
WAGA forecasts that the global population is expected to grow to 9.8
billion by 2050, and global car sales by 2030 are expected to grow to
120 million vehicles. As Asia accounts for almost 90% of global chemical
fiber production, Asia has a major responsibility while facing a stable
balance of supply and demand in the industry, standardization,
micro-plastic particles and sustainability. We need to supply goods
according to demand and demand expansion measures; expand actual demand
through market cultivation; Technical development based on their own
clothing culture to consider more areas of cooperation, such as
standardization cooperation has achieved some results.
For
sustainability challenges and the way forward, CEO Fibers of Indorama
Ventures Ltd. Uday Gill argues that we need to optimize the use of
resources, at the same time, human beings take responsibility, change,
and standardize their actions. For example, chemical fibers are produced
in a closed-loop manner, and when designing chemical fibers, such
issues as recycling, and so on, are taken into account. In this regard,
Japan has a lot of innovative practices that we can learn for reference;
for resource optimization, regulation, self-regulation, infrastructure
and so on, we must pay attention to aspects; and also to ensure the
quality of renewable products, closer to the needs of customers,to
believe that human behavior can be changed.
The fourth Industrial
Revolution (4IR) is coming. It will connect and change the value chain
of enterprises. The focus of industry is no longer labor force, industry
leading value has shifted from labor force to knowledge and technology
scale. In this environment, the value chain of the textile industry,
including R & D, design, production,testing of textile,
after-sales service, retail, logistics and customer relations, will
benefit from cost savings, value added and integration. This will
accelerate the integration of manufacturing and services, we should do a
new round of adjustment to adapt to changes in global value chains.
Media contact
Company Name: TESTEX INSTRUMENT LTD
City, State, Country: DongGuan, GuangDong, China
Address: Wanjiang, Dongguan City
Contact Person: Nola
Tele: +86 769 2329 4842
Website: https://www.testextextile.com/
###
Sponsor Ads
Created on Apr 21st 2019 13:48. Viewed 298 times.