Global Polytrimethylene Terephthalate (PTT) Market Growth 2023-2029

Global Polytrimethylene Terephthalate (PTT) Market Growth 2023-2029

PTT (polytrimethylene terephthalate) is a thermoplastic that can be spun into both fibers and yarns etc. PTT belongs to a class called aromatic polyesters. Polytrimethylene terephthalate (PTT) is a linear aromatic polyester made by the polycondensation of 1, 3-propanediol (PDO) and purified terephthalic acid (PTA).

The Polytrimethylene Terephthalate (PTT) market covers Petroleum Based and Bio Based. The typical players include DuPont, Teijin Frontier, Shenghong Group and GLORY.

LPI (LP Information)' newest research report, the “Polytrimethylene Terephthalate (PTT) Industry Forecast” looks at past sales and reviews total world Polytrimethylene Terephthalate (PTT) sales in 2022, providing a comprehensive analysis by region and market sector of projected Polytrimethylene Terephthalate (PTT) sales for 2023 through 2029. With Polytrimethylene Terephthalate (PTT) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Polytrimethylene Terephthalate (PTT) industry.

This Insight Report provides a comprehensive analysis of the global Polytrimethylene Terephthalate (PTT) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Polytrimethylene Terephthalate (PTT) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Polytrimethylene Terephthalate (PTT) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polytrimethylene Terephthalate (PTT) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Polytrimethylene Terephthalate (PTT).

The global Polytrimethylene Terephthalate (PTT) market size is projected to grow from US$ 1022.7 million in 2022 to US$ 1811 million in 2029; it is expected to grow at a CAGR of 1811 from 2023 to 2029.

Europe is the largest Polytrimethylene Terephthalate (PTT) market with about 31% market share. Asia-Pacific is follower, accounting for about 29% market share.

The market is highly concentrated. There are four larger manufacturers in the market. DuPont maintained its largest position, which makes up 60% market share in terms of revenue.

In this study, the market for Polytrimethylene Terephthalate (PTT) consumption divided into four geographic regions: In Americas, total Polytrimethylene Terephthalate (PTT) accounted for 34%. In the Europe, total Polytrimethylene Terephthalate (PTT) accounted for 30%. The market in Asia Pacific Polytrimethylene Terephthalate (PTT) accounted for 32%, and in global other region 3%. Among all regions, Americas held the largest share of the Polytrimethylene Terephthalate (PTT) market. APAC is one of the fastest growing region of Polytrimethylene Terephthalate (PTT) market. China is the largest contributor to the Asia Pacific. Along with the development of Chinese domestic Polytrimethylene Terephthalate (PTT), China domestic Polytrimethylene Terephthalate (PTT) has been mature and advanced, and the performance distance has been shorten compared with the imported Polytrimethylene Terephthalate (PTT).

On the basis of product type, the Bio-based Polytrimethylene Terephthalate (PTT) segment is projected to account for the largest share during the forecast period; this segment was estimated to account for 92% global revenue share in 2020.

Most of the PTT is used for producing PTT fibers (around 83%), and the about half of the PTT fibers are used to make carpets. Shaw Industries and Mohawk Flooring are the world biggest carpet manufactures and also the very important consumer of DuPont’s PTT fiber.

This report presents a comprehensive overview, market shares, and growth opportunities of Polytrimethylene Terephthalate (PTT) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Petroleum Based

Bio Based

Segmentation by application

Fiber

Engineering Plastics

Film Material

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

DuPont

Shenghong Group

GLORY

Teijin Frontier

Key Questions Addressed in this Report

What is the 10-year outlook for the global Polytrimethylene Terephthalate (PTT) market?

What factors are driving Polytrimethylene Terephthalate (PTT) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Polytrimethylene Terephthalate (PTT) market opportunities vary by end market size?

How does Polytrimethylene Terephthalate (PTT) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.