Global polytrimethylene terephthalate (PTT) market size is likely to witness an increase in demand owing to growing application scope in textile industry. Its superior properties such as elastic recovery, stain resistance and ease in dyeing are expected to compliment the demand. Carpet manufacturing sector is one of the key applications of this industry.
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It has physical properties similar to that of polyethylene terephthalate (PET) i.e. strength, toughness, stiffness & heat resistance) and processing properties comparable to polybutylene terephthalate (PBT) i.e. rapid crystallization and low melt & mould temperatures. It is also similar to polyamide (nylon 6 & nylon 6,6) and polypropylene (PP) for applications in fiber manufacturing. It is also possesses properties similar to that of polycarbonate (PC) required for moulding applications. PTT also overlaps in terms of processability and properties with respect to polylactic acid (PLA) and cellophane for fiber & films applications.
Bio based 1,3-propanediol is marketed under the trade name Susterra by DuPont and is used for numerous applications such as heat transfer fluids, antifreeze agents cosmetic & personal care and liquid detergents. DuPont markets bio PTT under the trade name Sorona which contains 37% of the weight of renewable material.
Earlier, PTT applications were primarily focused on fibers such as textiles and carpet. Over the past few years, it has witnessed an increase in applications for manufacturing monofilaments, engineering plastics and films. DuPont is targeting their engineering plastic under the brand name Sorona EP for applications in automobiles, electrical & electronics and consumer products. It is likely to substitute PET to some extent in carbonated beverage bottling applications as PET is a low cost preferred polymer.
It is also likely to substitute PET for applications such as fiber and packaging. It can also be used for manufacturing in application such as X-ray films, labels and strapping. It is also used in novel applications. For e.g. institutes and hospitals use selenium which is composite flooring material and relies in PTT’s durability, colorfastness and elastic gain properties.
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DuPont is focusing to develop Sorona for fiber applications used in apparel and carpet industry. It has also commercialized bio PTT grade for applications in packaging and high performance engineering. These aforementioned factors are anticipated to drive PTT market over the forecast period.
The global polytrimethylene terephthalate market share is moderately consolidated with fierce competition on the basis of PTT price, application development and services. Key companies include Toray, RTP Company, DuPont, Sinopec and CNPC (China National Petroleum Corporation). Other prominent manufacturers include Teijin, Asahi Kasei, Shanghai Huayuan Company Limited, Zimmer, Yizheng Chemical Fiber Company Limited and Xianglu.
This latest Polytrimethylene Terephthalate (PTT) market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Polytrimethylene Terephthalate (PTT) industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Polytrimethylene Terephthalate (PTT) Market, Size, Industry Outlook, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2016 – 2023.” in detail along with the table of contents:
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Key Insights in this Report
- Polytrimethylene Terephthalate (PTT) market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Polytrimethylene Terephthalate (PTT) market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles.
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