GVR Report cover Polytrimethylene Terephthalate Market Size, Share & Trends Report

Polytrimethylene Terephthalate Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Published Date: ---
  • Report ID: GVR2591
  • Number of Pages: 0
  • Format: Electronic (PDF)
  • Historical Data: ---

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 Polytrimethylene terephthalate 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 for 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 an enhanced surface and flows 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 Polytrimethylene terephthalate market over the past few years.

PTT fibers are compatible with a wide range of dyes and have excellent wearability and resilience which is similar to that of nylon. This has resulted in a considerable rise in product demand over the last few years. The product 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 the growth of the product.

Emerging Polytrimethylene terephthalate markets including India and China have witnessed extensive growth on account of growing need for carpet fibers. The growing textile industry in India has resulted in stimulating product 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 Polytrimethylene terephthalate 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 drapes, 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 the 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 Polytrimethylene terephthalate industry 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.

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