The Situation Of Oversupply in The Domestic PTA Industry May Become More Severe.

  With the rapid development of integrated projects, the future PTA production capacity is still showing an increasing trend. The original PTA enterprises have significantly expanded, and some downstream enterprises have expanded their raw material devices, achieving the trend of expanding the industry chain upstream, and realizing the full industry chain development model from "crude oil-PX-PTA polyester". In the process of development, new features have also emerged in the PTA industry landscape. In recent years, the domestic PTA industry has experienced a period of overcapacity and a period of reshuffling and overcapacity. The changes in supply patterns have had a significant impact on the market. With the production of new devices, the situation of overcapacity in the domestic PTA industry may become more severe in the future.
  In the coming years, the growth rate of polyester production capacity in China will slow down, with an expected growth rate of about 9.80% in 2024 and about 4.48% in 2025.