India's polyester demand growth fell significantly to 9% in 2011, from as high as 18% in the previous year. Most polyester makers deemed the growth figure as healthy and said the surge seen in 2010 was a rebound from the 2008 recession, and therefore unsustainable.
Continued strong demand for polyester, which grew from a relatively small base, is expected to sustain India's relatively high growth rates into 2015. The new PTA expansions planned are expected to take care of the growth in demand and replace imports, which are currently catering to domestic consumption.
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