Press release
Global Polyester Felt Market Projected to Garner Significant Revenues by 2027
Polyester Felt
This market involves the manufacture and supply of polyester felt, which is an artificial fabric made-up from synthetic or natural fiber material and is flexible yet strong. Polyester felt is widely used in manufacturing the buckles, zippers, seat-belts, plastic caps, and in various other products that require extensive stretching in the initial stage. Owing to its high resisting capacity against solid loading, this fabric delivers a durable as well as reliable material for filter bags. Other properties of polyester felt are its dry heat applications, its resistance to organic acids, and its long-term reliability. Polyester felt is used in commercial application such as craftworks, clothing, and other light-weight applications.
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Drivers
The expanding textile and clothing sector is expected to drive growth of the global polyester felt market over the forecast period. According to India Brand Equity Foundation (IBEF), the textile sector, which employs 45 million labors along with 3.5 million handloom labors in India, is expected to reach the valuation of US$ 220 billion by 2025-26.
Increasing reliability on sustainable materials with recyclable properties is expected to drive growth of the global polyester felt market during the forecast period.
Rising adoption of felt fabrics in the construction sector is expected to propel growth of the global polyester felt market during the forecast period.
Restraints
Felt-based clothing is easily damaged by the moth. Moths are the insects that eat through the fabrics and can cause irritations on skin. This factor is expected to hinder growth of the global polyester felt market during the forecast period.
Opportunities
Government of various countries support the textile industry by approving promising regulations and policies to increase their revenues from exports, which is expected to create opportunities in the global polyester felt market over the forecast period.
Regional Insights
North America is expected to witness a significant growth during the forecast period in the global polyester felt market. Increase in production of fabric-based personal protection equipment due to COVID-19 pandemic, is driving growth of the polyester felt market in this region.
Asia Pacific is expected to experience robust growth over the forecast period in the global polyester felt market. Rising the export of clothing and textile products is driving growth of polyester felt market in this region.
Competitive Section
Major players contributing in the global polyester felt market are Sutherland Felt Company, Superior Felt＆Filtration, Southern Felt＆Geotex, King Bird Tex, Saraswati Industries, Monarch Textiles, Rolking Felt Co. Ltd., Shanghai Uneed Textile Co., Ltd., and Shandong Exceeding Auto Interior Parts Co. Ltd.
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Key Developments
In July 2020, the felt manufacturing and supplying company, Superior Felt & Filtration (SFF) signed a 75,000 sq. ft. industrial lease in McHenry to develop a fabric-based architecture in the area.
In February 2021, the clothes manufacturing company, Attraction launched a collection of sustainable cushions made from fabrics and recycled polyester.
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