Polyester Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast
Polyethylene terephthalate (PET), when used in the form of fibers and filaments, is known as polyester. Polyester fibers are used in a wide range of applications such as carpets, rugs, fiberfill, and nonwoven fabrics. Polyester fibers are also used in industrial applications, home textiles and apparel. Other applications of polyester fibers include industrial, home textiles and apparels. Purified terephthalic acid (PTA) and monoethylene glycol (MEG) are the primary raw materials used in the manufacture of polyester fiber. The demand for polyester fiber is expected to increase tremendously owing to technological advancements that have enabled the production of thinner filaments. This gives polyester fiber a silky smooth feel and improved color-holding (dope dyeing) capabilities. Rising disposable incomes coupled with changing lifestyles will likely drive the home furnishings market; carpets and rugs account for a notable share of the market. Additionally, consumers’ focus on enhancing interiors, especially in commercial and corporate environments, is likely to boost demand for wall-to-wall carpets and in turn the polyester fiber market. Increased construction of both residential and commercial spaces is expected to be a vital factor driving the demand for carpets and rugs. The growth of the carpet industry is anticipated to be in tandem with the increase in construction activities. Browse The Full Market Report , here : http://www.transparencymarketresearch.com/polyester-fiber-market.html
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