Polytrimethylene Terephthalate Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*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 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.
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 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
RTP Company
DuPont
Royal Dutch Shell plc
TEIJIN LIMITED
Huvis
*Disclaimer: Major Players sorted in no particular order
Polytrimethylene Terephthalate Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand from the Textile Industry
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 High Production Costs
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Application
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5.1.1 Apparel
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5.1.2 Household Textiles
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5.1.3 Industrial Fabrics
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5.1.4 Others
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5.2 Geography
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5.2.1 Asia-Pacific
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5.2.1.1 China
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5.2.1.2 India
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5.2.1.3 Japan
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5.2.1.4 South Korea
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5.2.1.5 Rest of Asia-Pacific
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5.2.2 North America
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5.2.2.1 United States
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5.2.2.2 Canada
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5.2.2.3 Mexico
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5.2.3 Europe
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5.2.3.1 Germany
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5.2.3.2 United Kingdom
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5.2.3.3 Italy
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5.2.3.4 France
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5.2.3.5 Rest of Europe
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle-East and Africa
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5.2.5.1 Saudi Arabia
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5.2.5.2 South Africa
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5.2.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Asahi Kasei Corporation
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6.4.2 DuPont
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6.4.3 Huvis
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6.4.4 Royal Dutch Shell plc
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6.4.5 RTP Company
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6.4.6 TEIJIN LIMITED
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6.4.7 TORAY INDUSTRIES, INC
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6.4.8 Xianglu Chemical Fiber
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Polytrimethylene Terephthalate Industry Segmentation
The Polytrimethylene Terephthalate market report includes:
| Application | |
| Apparel | |
| Household Textiles | |
| Industrial Fabrics | |
| Others |
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Polytrimethylene Terephthalate Market Research FAQs
What is the current Polytrimethylene Terephthalate Market size?
The Polytrimethylene Terephthalate Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Polytrimethylene Terephthalate Market?
RTP Company, DuPont, Royal Dutch Shell plc , TEIJIN LIMITED and Huvis are the major companies operating in the Polytrimethylene Terephthalate Market.
Which is the fastest growing region in Polytrimethylene Terephthalate Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polytrimethylene Terephthalate Market?
In 2024, the Asia Pacific accounts for the largest market share in Polytrimethylene Terephthalate Market.
What years does this Polytrimethylene Terephthalate Market cover?
The report covers the Polytrimethylene Terephthalate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polytrimethylene Terephthalate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polytrimethylene Terephthalate Industry Report
Statistics for the 2024 Polytrimethylene Terephthalate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polytrimethylene Terephthalate analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
