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Indonesia Textiles Industry - Growth, Trends, COVID-19


Indonesia Textiles Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The Indonesian textiles Industry is expected to record a CAGR of greater than 5%, during the forecast period. Accelerating exports growth is a major driving factor for the market. - High dependency on imported raw material is likely to act as a restraint for the market.
May 12, 2021 12:42 ET
| Source:
ReportLinker
ReportLinker
Lyon, FRANCE
New York, May 12, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Indonesia Textiles Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) - https://www.reportlinker.com/p06067783/?utm source=GNW
- Textile and Textile Product Industry (TPT) was encouraged by the government to innovate to meet the needs of fashion industry, and is expected to be able to capture business opportunities. ....

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Polyester Staple Fiber Market Forecast to Reach $24.5 Billion by 2026


Polyester Staple Fiber Market Drivers
Increasing Automotive Production
Textile materials such as polyester staple fiber are extensively used in automobiles in the production of automobile carpets, seating fabrics, side, roof, floor, and door panels, safety belts, tires, airbags, air filters, fuel filters, insulation materials, and more. China is the world’s largest vehicle market, according to the International Trade Administration (ITA), and the Chinese government expects the production of automobiles to reach 35 million by 2025. According to OICA, the production of passenger cars in Africa was 776,967 in 2018, which then increased to 787,287 in 2019, a total increase of 1.3%. According to OICA, the production of light commercial vehicles has increased from 1,348,932 in 2018 to 1,431,904 in 2019, an increase of 6.2% in Canada. Thus, increasing automation production will require more polyester staple fiber for manufacturing various automotive components, which will act a ....

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NavigatIIR: U.S. Petrochemical Producers Prep for Second-Quarter Maintenance After Brutal Winter Storm


NavigatIIR: U.S. Petrochemical Producers Prep for Second-Quarter Maintenance After Brutal Winter Storm
Industry Segment: Chemical Processing | Word Count: 204 Words
SUGAR LAND March 16, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) The U.S. petrochemical sector has benefited over the past few weeks from stronger prices for materials such as ethylene, as domestic industrial demand recovers from pandemic-driven slowdowns. Some of the highest-profile facilities across the country are set for regular maintenance in the coming weeks, as their activities continue to ramp up. Industrial Info is tracking more than 120 maintenance-related projects at petrochemical plants across the U.S., valued at $370 million altogether, that are set to kick off in second-quarter 2021. ....

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