The properties of polyethylene terephthalate such as lightweight, safe, flexible, recyclability, and reusability may bring immense growth opportunities for the polyethylene terephthalate market during the forecast period of 2019-2029. The growing use across various applications such as electronics, textiles, automotive, and others may bring considerable growth opportunities for the polyethylene terephthalate market.
Among all the applications, the use of polyethylene terephthalate in making face shields is gaining substantial traction. The COVID-19 pandemic has made the use of face masks and face shields compulsory across many countries. This aspect has led to the rise in demand for face shields. Here’s how face shields are inviting growth prospects.
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Expansion of Production Facilities
Manufacturers in the polyethylene terephthalate market are expanding their production capacities to facilitate rapid and large-scale production of face shields. The SARS-CoV-2 outbreak has given an opportunity to the polyethylene terephthalate market to increase its growth rate.
3D-Printing Bringing Extensive Opportunities
3D-printed elements made from Polyethylene Terephthalate Glycol (PETG) for making face shields are providing good growth opportunities for the polyethylene terephthalate market. For instance, Nagami Design, a company based in Spain uses 3D-printing to produce approximately 500 masks a day. It is producing face shields through this method for overcoming the rising shortage across healthcare workers.
Novel Initiatives Regarding Use of Face Shields to Invite Immense Growth Prospects
Initiatives regarding the mass distribution of PET face shields across schools and educational institutions before reopening are raising the graph of growth for the polyethylene terephthalate market. For instance, MediaBlink, a New Orleans-based company is working to design and distribute face shields that are fit for both students and teachers when they attend school.
According to Transparency Market Research, Asia Pacific may bag the 1st prize in terms of regional growth across the forecast period. The Middle East and Africa may observe moderate growth between 2019 and 2029.
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