Polytrimethylene Terephthalate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Application (Apparel, Household Textiles, Industrial Fabrics, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Polytrimethylene Terephthalate Market Size

Polytrimethylene Terephthalate Market - Market Concentration
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 4 %

Major Players

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*Disclaimer: Major Players sorted in no particular order
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Polytrimethylene Terephthalate Market Analysis

The market for polytrimethylene terephthalate is expected to grow at a CAGR of over 4% globally during the forecast period. The major factor driving the market is the growing demand from the textile industry. On the flip side, higher production costs are hindering the market growth.

  • Polytrimethylene terephthalate market is expected to grow during the forecast period owing to the increasing demand from the apparel industry.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.

Polytrimethylene Terephthalate Industry Segmentation

The Polytrimethylene Terephthalate market report includes:

Application
Apparel
Household Textiles
Industrial Fabrics
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Polytrimethylene Terephthalate Market Trends

This section covers the major market trends shaping the Polytrimethylene Terephthalate Market according to our research experts:

Growing Demand from the Apparel Industry

  • Polytrimethylene terephthalate is widely used in the manufacturing of apparel and is expected to be the fastest-growing market during the forecast period.
  • The growth of polytrimethylene terephthalate market in apparel industry is mainly due to its superior properties when compared to that of polybutylene terephthalate (PBT) and polyethylene terephthalate (PET) such as excellent elastic recovery, softness, and resistance to stretching and wrinkle resistance.
  • PTT exhibit various superior characteristics such as ease of dyeing, elastic recovery, heat retention, resistance to stretching, wrinkle resistance, high stiffness, and UV- lightfastness.
  • Owing to its superior properties such as shape recovery, color retention, and softness, the demand for polytrimethylene terephthalate from the apparel industry is expected to further grow othe forecast period.
Polytrimethylene Terephthalate Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for polytrimethylene terephthalate during the forecast period due to an increase in demand from countries like China, and India.
  • Polytrimethylene terephthalate is mainly used in the manufacturing of apparel and carpets because of its less water absorption characteristics. The clothing has become a symbol of aspiration and personality. The consumers have shifted from need-based to aspiration-based clothing. The demand for aspiration clothing has increased which is expected to drive the polytrimethylene terephthalate market.
  • As per the Ministry of Textiles annual report 2018-19, India’s textile industry contributes to 7% of industry output in value terms, 2% of India’s GDP and 15% of the country’s export earnings.
  • As stated by the National Development and Reform Commission, Domestic sales of apparel and knitwear stood at around USD 172.4 billion for the first 11 months of 2019, which represents growth of about 3% Y-o-Y over the same time period in 2018.
  • The aforementioned factors, coupled with growing support from the government, are contributing to the increasing demand for polytrimethylene terephthalate market in the Asia-Pacific during the forecast period.
Polytrimethylene Terephthalate Market Regional Trends

Polytrimethylene Terephthalate Industry Overview

The global polytrimethylene terephthalate market is partially fragmented with players accounting for a marginal share of the market. Few companies include RTP Company, DuPont, Royal Dutch Shell plc, TEIJIN LIMITED and Huvis.

Polytrimethylene Terephthalate Market Leaders

  1. RTP Company

  2. DuPont

  3. Royal Dutch Shell plc

  4. TEIJIN LIMITED

  5. Huvis

*Disclaimer: Major Players sorted in no particular order

Polytrimethylene Terephthalate Market - Market Concentration.png

Polytrimethylene Terephthalate Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Textile Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 High Production Costs

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Apparel

      2. 5.1.2 Household Textiles

      3. 5.1.3 Industrial Fabrics

      4. 5.1.4 Others

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 Italy

        4. 5.2.3.4 France

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Asahi Kasei Corporation

      2. 6.4.2 DuPont

      3. 6.4.3 Huvis

      4. 6.4.4 Royal Dutch Shell plc

      5. 6.4.5 RTP Company

      6. 6.4.6 TEIJIN LIMITED

      7. 6.4.7 TORAY INDUSTRIES, INC

      8. 6.4.8 Xianglu Chemical Fiber

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Polytrimethylene Terephthalate Market Research FAQs

The Polytrimethylene Terephthalate Market is studied from 2018 - 2028.

The Polytrimethylene Terephthalate Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

RTP Company, DuPont, Royal Dutch Shell plc , TEIJIN LIMITED , Huvis are the major companies operating in Polytrimethylene Terephthalate Market.

Polytrimethylene Terephthalate Industry Report

Statistics for the 2023 Polytrimethylene Terephthalate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polytrimethylene Terephthalate analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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