Polytrimethylene Terephthalate Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Type ; By Application ; By End-user ; By Region

Description

Global Polytrimethylene Terephthalate (PTT) Market Size Booming to Touch USD 349.08 million by 2029.

Global polytrimethylene terephthalate (PTT) market is gaining traction because of the increasing demand for sustainable and eco-friendly materials and continuous research and development efforts leading to advancements in PTT production.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global polytrimethylene terephthalate (PTT) market size at USD 225.54 million in 2022. During the forecast period between 2023 and 2029, the global polytrimethylene terephthalate (PTT) market size is projected to grow at a CAGR of 6.55% reaching a value of USD 349.08 million by 2029. Widespread usage of lightweight packaging across sectors and increased interest in bio-based and recyclable packaging solutions are two major driving factors for the global polytrimethylene terephthalate (PTT) market. PTT is growing in popularity in the packaging industry because of its superior strength, stiffness, high moisture resistance, and recycling ability, which is anticipated to fuel its market growth during the forecast period.

Global Polytrimethylene Terephthalate (PTT) Market - Overview:

PET stands for polyethylene terephthalate, the name of a form of transparent, durable, lightweight, and fully recyclable plastic. PET is mostly utilized to create packaging materials for food goods, including containers for fruit and beverages. It is thin, translucent, and comes in a variety of colors. It is also known as polyester since it belongs to the ester family. Due to its superior strength-to-weight ratio, lower cost, transportation savings characteristics as compared to glass alternatives, and history of safety and dependability, PET is a preferred material for various consumer goods, including plastic bottles.

Global Polytrimethylene Terephthalate (PTT) Market - By End User:

Based on end-user, the global polytrimethylene terephthalate (PTT) market is segmented into textile, automotive, packaging, medical, consumer goods, and others. The textile industry accounts for the largest market share. Polyethylene terephthalate, commonly known as polyester in the textile industry, is highly moisture resistant and has a high strength-to-weight ratio. Compared to cotton, it also has superior chemical resistance to organic material and water. Therefore, this material is commonly used in manufacturing clothes like uniforms and underwear, which is a key element driving its market expansion.

Impact of COVID-19 on Global Polytrimethylene Terephthalate (PTT) Market:

The COVID-19 pandemic initially affected the growth of the global polytrimethylene terephthalate (PTT) market. The market demand for polytrimethylene terephthalate (PTT) was directly hampered by the lockdown's restrictions on the key end-user industries, notably the textile and automobile sectors. Furthermore, the market suffered significant losses as a result of the constraints on the supply chains. The pandemic, however, accelerated the growth of the e-commerce and health supply sectors, which increased demand for polytrimethylene terephthalate (PTT), particularly in the packaging sector.

Competitive Landscape:

Major players operating in the global polytrimethylene terephthalate (PTT) market include: Avery Dennison Corporation, Dupont, Dow, 3M, H.B. Fuller Company, Sealed Air, SABIC, Arkema, LyondellBasell, Exxon Mobil Corporation, Mitsui Chemicals Inc., Braskem, TotalEnergies, Novamont SpA, Solvay, Daikin, Biome Bioplastics, PTT Global Chemical Public Company Limited, and Kuraray Co., Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Polytrimethylene Terephthalate (PTT) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Polytrimethylene Terephthalate (PTT) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23587

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Polytrimethylene Terephthalate (PTT) Market Insights

3.1. End User Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Increasing Demand For Sustainable And Eco-Friendly Materials
  - 3.2.1.2. Growing Textile Industry
  - 3.2.1.3. Increasing Number Of Product Innovations
- 3.2.2. Restraints
  - 3.2.2.1. High Production Costs
  - 3.2.2.2. Competition From Other Synthetic Fibers
- 3.2.3. Opportunities
  - 3.2.3.1. Growing Demand In Developing Regions
  - 3.2.3.2. Continuous Research And Development Efforts Leading To Advancements in PTT Production
- 3.2.4. Challenges
  - 3.2.4.1. Fluctuating Raw Material Prices
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Polytrimethylene Terephthalate (PTT) Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Type
  - 4.2.1.1. Petroleum
  - 4.2.1.2. Bio-based
- 4.2.2. By Application
  - 4.2.2.1. Fiber
  - 4.2.2.2. Engineering Plastics
  - 4.2.2.3. Film Material
- 4.2.3. By End-user
  - 4.2.3.1. Textile
  - 4.2.3.2. Automotive
  - 4.2.3.3. Packaging
  - 4.2.3.4. Medical
  - 4.2.3.5. Consumer Goods
  - 4.2.3.6. Others
- 4.2.4. By Region
  - 4.2.4.1. North America
  - 4.2.4.2. Europe
  - 4.2.4.3. Asia Pacific (APAC)
  - 4.2.4.4. Latin America (LATAM)
  - 4.2.4.5. Middle East and Africa (MEA)

5. North America Polytrimethylene Terephthalate (PTT) Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Application
- 5.2.3. By End User
- 5.2.4. By Country
  - 5.2.4.1. United States
  - 5.2.4.1.1. By Type
  - 5.2.4.1.2. By Application
  - 5.2.4.1.3. By End User
  - 5.2.4.2. Canada
  - 5.2.4.2.1. By Type
  - 5.2.4.2.2. By Application
  - 5.2.4.2.3. By End User

6. Europe Polytrimethylene Terephthalate (PTT) Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By End User
- 6.2.4. By Country
  - 6.2.4.1. Germany
  - 6.2.4.1.1. By Type
  - 6.2.4.1.2. By Application
  - 6.2.4.1.3. By End User
  - 6.2.4.2. United Kingdom
  - 6.2.4.2.1. By Type
  - 6.2.4.2.2. By Application
  - 6.2.4.2.3. By End User
  - 6.2.4.3. Italy
  - 6.2.4.3.1. By Type
  - 6.2.4.3.2. By Application
  - 6.2.4.3.3. By End User
  - 6.2.4.4. France
  - 6.2.4.4.1. By Type
  - 6.2.4.4.2. By Application
  - 6.2.4.4.3. By End User
  - 6.2.4.5. Spain
  - 6.2.4.5.1. By Type
  - 6.2.4.5.2. By Application
  - 6.2.4.5.3. By End User
  - 6.2.4.6. Belgium
  - 6.2.4.6.1. By Type
  - 6.2.4.6.2. By Application
  - 6.2.4.6.3. By End User
  - 6.2.4.7. Russia
  - 6.2.4.7.1. By Type
  - 6.2.4.7.2. By Application
  - 6.2.4.7.3. By End User
  - 6.2.4.8. The Netherlands
  - 6.2.4.8.1. By Type
  - 6.2.4.8.2. By Application
  - 6.2.4.8.3. By End User
  - 6.2.4.9. Rest of Europe
  - 6.2.4.9.1. By Type
  - 6.2.4.9.2. By Application
  - 6.2.4.9.3. By End User

7. Asia-Pacific Polytrimethylene Terephthalate (PTT) Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By End User
- 7.2.4. By Country
  - 7.2.4.1. China
  - 7.2.4.1.1. By Type
  - 7.2.4.1.2. By Application
  - 7.2.4.1.3. By End User
  - 7.2.4.2. India
  - 7.2.4.2.1. By Type
  - 7.2.4.2.2. By Application
  - 7.2.4.2.3. By End User
  - 7.2.4.3. Japan
  - 7.2.4.3.1. By Type
  - 7.2.4.3.2. By Application
  - 7.2.4.3.3. By End User
  - 7.2.4.4. South Korea
  - 7.2.4.4.1. By Type
  - 7.2.4.4.2. By Application
  - 7.2.4.4.3. By End User
  - 7.2.4.5. Australia & New Zealand
  - 7.2.4.5.1. By Type
  - 7.2.4.5.2. By Application
  - 7.2.4.5.3. By End User
  - 7.2.4.6. Indonesia
  - 7.2.4.6.1. By Type
  - 7.2.4.6.2. By Application
  - 7.2.4.6.3. By End User
  - 7.2.4.7. Malaysia
  - 7.2.4.7.1. By Type
  - 7.2.4.7.2. By Application
  - 7.2.4.7.3. By End User
  - 7.2.4.8. Singapore
  - 7.2.4.8.1. By Type
  - 7.2.4.8.2. By Application
  - 7.2.4.8.3. By End User
  - 7.2.4.9. Vietnam
  - 7.2.4.9.1. By Type
  - 7.2.4.9.2. By Application
  - 7.2.4.9.3. By End User
  - 7.2.4.10. Rest of APAC
  - 7.2.4.10.1. By Type
  - 7.2.4.10.2. By Application
  - 7.2.4.10.3. By End User

8. Latin America Polytrimethylene Terephthalate (PTT) Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By End User
- 8.2.4. By Country
  - 8.2.4.1. Brazil
  - 8.2.4.1.1. By Type
  - 8.2.4.1.2. By Application
  - 8.2.4.1.3. By End User
  - 8.2.4.2. Mexico
  - 8.2.4.2.1. By Type
  - 8.2.4.2.2. By Application
  - 8.2.4.2.3. By End User
  - 8.2.4.3. Argentina
  - 8.2.4.3.1. By Type
  - 8.2.4.3.2. By Application
  - 8.2.4.3.3. By End User
  - 8.2.4.4. Peru
  - 8.2.4.4.1. By Type
  - 8.2.4.4.2. By Application
  - 8.2.4.4.3. By End User
  - 8.2.4.5. Rest of LATAM
  - 8.2.4.5.1. By Type
  - 8.2.4.5.2. By Application
  - 8.2.4.5.3. By End User

9. Middle East & Africa Polytrimethylene Terephthalate (PTT) Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By End User
- 9.2.4. By Country
  - 9.2.4.1. Saudi Arabia
  - 9.2.4.1.1. By Type
  - 9.2.4.1.2. By Application
  - 9.2.4.1.3. By End User
  - 9.2.4.2. UAE
  - 9.2.4.2.1. By Type
  - 9.2.4.2.2. By Application
  - 9.2.4.2.3. By End User
  - 9.2.4.3. Qatar
  - 9.2.4.3.1. By Type
  - 9.2.4.3.2. By Application
  - 9.2.4.3.3. By End User
  - 9.2.4.4. Kuwait
  - 9.2.4.4.1. By Type
  - 9.2.4.4.2. By Application
  - 9.2.4.4.3. By End User
  - 9.2.4.5. South Africa
  - 9.2.4.5.1. By Type
  - 9.2.4.5.2. By Application
  - 9.2.4.5.3. By End User
  - 9.2.4.6. Nigeria
  - 9.2.4.6.1. By Type
  - 9.2.4.6.2. By Application
  - 9.2.4.6.3. By End User
  - 9.2.4.7. Algeria
  - 9.2.4.7.1. By Type
  - 9.2.4.7.2. By Application
  - 9.2.4.7.3. By End User
  - 9.2.4.8. Rest of MEA
  - 9.2.4.8.1. By Type
  - 9.2.4.8.2. By Application
  - 9.2.4.8.3. By End User

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Polytrimethylene Terephthalate (PTT) Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Polytrimethylene Terephthalate (PTT) Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. AVERY DENNISON CORPORATION
12.2. Dupont
12.3. Dow
12.4. 3M
12.5. H.B. Fuller Company
12.6. Sealed Air
12.7. SABIC
12.8. Arkema
12.9. LyondellBasell
12.10. Exxon Mobil Corporation
12.11. Mitsui Chemicals Inc.,
12.12. Braskem
12.13. TotalEnergies
12.14. Novamont SpA
12.15. SOLVAY
12.16. DAIKIN
12.17. Biome Bioplastics
12.18. PTT Global Chemical Public Company Limited
12.19. KURARAY CO., LTD.
12.20. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations