Polytrimethylene terephthalate or PTT witnessed a considerable rise in demand from the textile industry over the past few years on account of its superior properties including ease in dyeing, elastic recovery, stain resistance and elastic recovery. The carpet manufacturing sector has been a key market for PTT over the past few years owing to its aforementioned properties.
Increasing application scope of PTT in apparel, carpeting, monofilaments, films and engineering thermoplastic has contributed towards its growth over the past few years and this will continue over the forecast period. Low material prices coupled with reasonable labor charges have resulted in stimulating demand of PTT in North America over the last few years. Growing carpet and textile industry in Europe is expected to fuel growth over the next seven years.
PTT based compounds exhibit numerous superior characteristics including quick drying, heat retention, resistance to stretching, soft, wrinkle resistance, high stiffness, and improved tensile and flexural strength. These excellent characteristics have resulted in promoting demand from the textile and carpet industries. In addition, it possesses enhanced surface and flow finish. The product’s superior dimensional stability and uniform shrinkage as compared to its competing material PBT has helped in increasing its expansion in the market over the past few years.
PTT fibers are compatible with a wide range of dyes and have excellent wear ability and resilience which is similar to that of nylon. This has resulted in considerable rise of product’s demand over the last few years. The products application as an extrusion resin and engineering molding is expected to augment growth over the next seven years. Low cost manufacturing and advancements in technology are some of the key factors responsible for propelling growth of the product.
Emerging markets including India and China have witnessed extensive growth on account of growing need for carpet fibers. Growing textile industry in India has resulted in stimulating the products expansion over the forecast period. Small scale manufacturers are setting up pilot production units owing to low technology and manufacturing cost. This is a key trend in the market and is expected to continue over the next seven years.
Low raw material prices coupled with low product differentiation is expected to maintain high buyer power. Integration across various stages of the value chain by large scale manufacturers is a key feature for the market. Large scale producers are adopting economies of scale to increase profit margins. This trend is expected to continue over the next seven years.
PTT yarns have significant advantages including long lasting durability, stain resistance and easy care. Its fibers possess superior characteristics including better stretching and recovery, brilliant colors, fine-looking fluid drape and are easy to clean. Its ability to blend with all kinds of fibers and dyes at comparatively low temperatures than its competing fibers and low price associated with them has contributed in augmenting growth.
The product’s growing use in the manufacturing of automotive fabrics, home furnishings and apparel sectors has helped to increase application scope. North America is expected to be the largest market owing to rising applications, low prices and advancement in technology. Europe is the second largest market owing to growing textile and carpet industry. Asia Pacific is expected to be the fastest growing region on account of increasing use of PTT based fibers and the growing need from the home furnishings sector and the automotive industry.
Some of the key market players include Du Pont, Shell, Teijin, Toray, Asahi kasei, Yizheng Chemical Fibre Company Limited, Zimmer, Xianglu Chemical Fiber Company Limited, CNPC(China National Petroleum Corporation), Shanghai Huayuan Company Limited and Sinopec. Production capacity expansions by Shell and DuPont over the last few years owing to the increasing applications of the product are promoting growth.
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.