Polytrimethylene Terephthalate (PTT) Market Will Grow Swiftly Owing To Enhanced Demand From The Textile Industries From 2015 To 2022: Grand View Research, Inc.

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New Market Research Reports Title Global Polytrimethylene Terephthalate Market Analysis Size And Segment Forecasts To 2022 Has Been Added to GrandViewReseach.com Report Database

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.

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Increasing application scope of PTT 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 of 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 enhanced surface and flow 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 market over the past few years.

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

Emerging markets including India and China have witnessed extensive growth on account of growing need for carpet fibers. Growing textile industry in India has resulted in stimulating the products 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 market and is expected to continue over the next seven years.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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