Recessions generally are a time when an industry buckles itself in to weather the storm but within the carpet industry winds of change have been taking place that have altered the landscape to the point where it may never be the same again.
In this case it has to do with the fibers used to make carpet. It’s no secret in recent years that polyester (PET) has been growing in use as more and more manufacturers and fiber producers introduce products with this fiber—especially in the residential sector.