Market Research Report
Polyethylene Terephthalate (PET) Fabric Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||952939|
|Published||Content info||121 Pages
Delivery time: 2-3 business days
|Polyethylene Terephthalate (PET) Fabric Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: July 18, 2020||Content info: 121 Pages||
The global polyethylene terephthalate (PET) fabric market grew at a CAGR of around 5% during 2013-2019. Polyethylene terephthalate (PET) fabric stands for a form of polyester that is synthetically produced from polymerized ethylene glycol and terephthalic acid. It exhibits several benefits over natural fabric, including high durability, lightweight, resistance to wind and water, cost effectiveness, better tensile strength, drag resistance, etc. Owing to this, the fabric is used in apparels, homewares, industrial clothing, carpet and rugs, interior fabrics, and other furnishing applications.
The increasing demand for polyethylene terephthalate fabrics can be attributed to its rising utilization in the textile industry coupled with the escalating need for reducing dependency on natural fabrics such as cotton, wool, etc. Furthermore, growing consumer awareness towards several benefits of PET fabrics, such as resistance to wrinkles, heat, stretching, abrasion, etc. has also catalyzed the product demand. Moreover, the increasing adoption of PET fiber in manufacturing disposable medical garments, owing to its anti-bacterial and anti-fungal properties, along with its high usage in fiber filling for insulated clothing is also driving the product demand. Furthermore, the rising environmental concerns towards reducing carbon emissions due to increasing plastic waste have propelled the need for recycling PET materials. The fabric made from recycled PET bottles helps in reducing pollution levels by minimizing waste disposal, without any quality degradation. Looking forward, IMARC Group expects the global polyethylene terephthalate (PET) fabric market to grow moderately during the next five years.