[INQ. NO. 2011C06] The global waste management market is growing rapidly each year. Given the annual growth rate of 92%, the market turnover is expected to reach about US$300 billion by 2020. The Pacific region, in particular, sees its growth rate almost at 15.8%, emerging as the center of waste management business.
Recycled Polyester Staple Fiber is made using PET bottled water bottles and PET cosmetic bottles collected and cleansed by the recycling company that sends them to a crushing or processing company to process them into PET chips to make them reusable. The products made of melted PET chips in the aforementioned processes are provided for domestic sale as well as to customers in various countries.
The recyclable materials collected from consumers go through washing, grinding, processing, fiber processing, and non-woven fabric processing. The finished products are used in various fields such as automobile interior materials, civil engineering, architecture, and interiors.
Founded in 2015, TAEBAEK Co., Ltd. sells textile and PET resin products to the domestic market and exports to various overseas customers. The company utilizes a number of providers, including many domestic textile companies and construction and interior materials suppliers. The polyester staple fiber, its main export item, is used for various purposes including automobile interior materials and architectural interiors.
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