The document discusses the global manmade fiber industry. It states that in 2014, manmade fibers accounted for 67.5% of total fiber production and were growing at 4.9%, compared to natural fibers which were growing at 0.7%. Production advantages of manmade fibers over natural fibers include ready availability of raw materials, stable market prices, and independence from climate. The document also provides details about the manmade fiber industry in Bangladesh, stating that polyester is the main type produced from PET chips and there is a growing industry that produces manmade fibers from recycled plastics.