Persistence Market Research Pvt. Ltd is released new forthcoming report on title "Polytrimethylene Terephthalate Market: Global Industry Analysis and Forecast 2014 - 2020".
New York, NY -- (SBWIRE) -- 09/01/2015 -- Polytrimethylene Terephthalate (PTT) is a semi crystalline polymer manufactured by polycondensation of trimethylene glycol with either a dimethyl terephthalate or a terephthalic acid. It finds major application in industrial and residential carpet market. Polytrimethylene terephthalate has similar optical properties as that of polyethylene terephthalate fibers. However, its elastic recovery is beyond that of polyethylene terephthalate (PET) and polybutylene terephthalate (PBT). Polytrimethylene terephthalate is soft, resistant to stretching and wrinkle resistance.
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The market for PTT was mainly driven by industrial and residential carpet market. PTT is used in textile industry as it can be spun both in yarn and fibers. It can be used in textiles and apparels, non-woven, films, engineering thermoplastics and monofilaments. PTT is used in carpets for automotive market. This material finds applications in apparel, home furnishing and automobile upholstery. PTT composites and bio-composites can be major opportunity for the market. However, higher manufacturing costs and patented process can be major restraint for the market in upcoming years.
In terms of demand, Europe was the leading region in PTT market. The demand is high due to huge demand from automobile upholstery industry. Germany and UK are the major markets for PTT. Europe was followed by Asia Pacific. The demand for PTT is significant from carpets and apparel market. North America market is anticipated to grow and is likely to show greater demand in upcoming years owing to huge demand for PTT from home furnishing and composites market. The Rest of the World market is likely to exhibit steady demand for polytrimethylene terephthalate in next few years.
Some of the key manufacturers in the polytrimethylene terephthalate market are Eastman Chemical Co., E. I. du Pont de Nemours and Company, Huvis Corporation, Royal Dutch/Shell Group of Companies, Teijin Ltd., SK Chemicals and Toray Industries Inc. among others.
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Key points covered in the report
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
5) The report also provides porters five forces analysis of the market.
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