(Corrects company in second paragraph in the story originally published May 11.)
Textile demand climbed 2.4 percent last year to a record 82 million metric tons, led by growth in polyester fibers, according to a study.
Natural fibers such as cotton had a 3.4 percent drop in demand to 29.4 million tons, according to the study by The Fiber Year GmbH in Switzerland and presented at a trade association of chemical fiber manufacturers today in Frankfurt. Cellulosic man- made fibers that come from wood grew 6.3 percent to 4.7 million tons, according to the study. Overall, man-made fibers growth was 6 percent to 52.7 million tons, it said.
Cotton prices jumped 92 percent in 2010 and then fell 37 percent last year. “The textile future will depend to a larger degree on man-made fibers,” it said.
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