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Global demand for polyester film to increase 5.6 per cent

Driven by electrical and electronics sector, high-end display screens (OLED) and photovoltic cells, the global demand for polyester film, known as BOPET film, is likely to increase by 5.6 percent in the next five years.

Growth in Asia is expected to be significantly higher, particularly in China and India, which are expected to grow by 6.6 percent and nearly 10 percent respectively. The global market is currently balanced but supplies from China and the growing influence of Indian-owned producers, as they continue to expand their operations globally, will continue to dominate.

The industry has announced a significant new capacity to be installed in the market over the next five years. Despite this investment, new capacity will be required to meet the forecast demand growth rate. With China and India set to remain central in driving the next investment cycle, further new capacity from these two global powerhouses will impact production utilisation of local producers.

The electrical and electronics sector will offer growth opportunities and will continue to offer avenues for growth, with healthy demand for high-end display screens (OLED) and photovoltaic (PV) cells to remain.