Polytrimethylene Terephthalate Prices December 2023
Product
|
Category |
Region |
Price |
Polytrimethylene Terephthalate |
Chemical |
USA |
1377 USD/MT |
Polytrimethylene Terephthalate |
Chemical |
China |
1017 USD/MT |
Polytrimethylene Terephthalate |
Chemical |
Germany |
1127 USD/MT |
In the fourth quarter of 2023, the price of polytrimethylene terephthalate in the United States reached 1377 USD/MT by December. Similarly, in China, polytrimethylene terephthalate prices hit 1017 USD/MT in the same month. Germany also saw polytrimethylene terephthalate prices reaching 1127 USD/MT during Q4 2023.
Polytrimethylene Terephthalate Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Polytrimethylene Terephthalate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polytrimethylene terephthalate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of polytrimethylene terephthalate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polytrimethylene terephthalate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing polytrimethylene terephthalate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Polytrimethylene Terephthalate Market Analysis
The global polytrimethylene terephthalate market size reached US$ 987.84 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1545.65 million, at a projected CAGR of 5.10% during 2023-2032.
- The rising demand for durable, elastic, and stain-resistant fibers in the textile and apparel sector is driving the market growth. The superior properties of PTT including excellent elastic recovery and softness make it a preferred choice for high-performance fabrics and carpets, which is further boosting the market demand. According to the data from Invest India, the domestic apparel & textile industry in India contributes approx. 2.3 % to the country’s GDP, 13% to industrial production, and 12% to exports. India has a 4% share of the global trade in textiles and apparel. India is set to achieve $250 Bn textiles production and $100 Bn exports by 2030. India holds a 4% share of the global trade in textiles and apparel.
- The increasing use of PTT in the automotive sector for durable, resilient components is contributing to the growth of the market. According to an article published by the Economic Times, in March 2024, the Indian auto industry produced a total of 2,325,959 units, covering Passenger Vehicles, Three-wheelers, Two-wheelers, and Quadricycles. Passenger Vehicles accounted for 368,086 units, Three-wheelers saw 56,723 units, and Two-wheelers dominated with 1,487,579 units sold during the domestic sales for the month of March. During the first quarter of 2024, the industry produced a total of 7,394,417 units, spanning Passenger Vehicles, Commercial Vehicles, Three-wheelers, Two-wheelers, and Quadricycles. For the financial year from April 2023 to March 2024, the Indian automotive industry reported a total production of 284,347,742 units.
- Significant advancements in polymerization and fiber production technologies enhance the quality and cost-effectiveness of PTT which is further facilitating the growth of the market. For instance, in May 2024, BASF inaugurates a second polymer dispersions production line in Huizhou, China. Enhanced production capacity aims to support industries like paints, construction, and batteries. BASF emphasizes innovation with IO-Hybrid Technology, offering added benefits like antimicrobial properties. The expansion underscores BASF's commitment to meeting evolving industry needs.
- The global expansion of e-commerce platforms and retail networks facilitates greater market reach for PTT-based products, promoting wider consumer access and driving demand. For instance, in July 2024, Sportking, a leading vertically integrated textile brand launched its e-commerce platform as it embarked on a country-wide expansion plan. The company has a strong presence in Punjab, Jammu & Kashmir, and Haryana with more than 100 stores spread across these states. With this launch, Sportking aims to cater to a wider audience and expects strong sales from its new online store across India.
Polytrimethylene Terephthalate News
The report covers the latest developments, updates, and trends impacting the global polytrimethylene terephthalate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polytrimethylene terephthalate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polytrimethylene terephthalate price trend.
Latest developments in the polytrimethylene terephthalate industry:
- In April 2023, DuPont™ Artistri®, a global leader in digital inkjet inks with more than 30 years of innovation, announced that it is transitioning the production and supply of Artistri® reactive and direct disperse textile inks to Colourtex Industries Private Limited (Colourtex), as part of its long-term sustainability strategy.
- In March 2024, stretch yarn manufacturer Asahi Kasei and cellulosic fibre specialist Lenzing created a new partnership to develop a portfolio of sustainable and circular-driven textiles. The fabrics under development will be blends of Asahi’s Roica fibre and Lenzing’s Tencel and Modal fibres.
Product Description
Polytrithmethylene terephthalate (PTT) refers to a type of polyester that is synthesized from 1,3-propanediol and terephthalic acid. PTT is used in a variety of applications including textiles, carpets, and automotive components known for its unique combination of properties. The polymer boasts excellent elastic recovery, stain resistance, and durability, making it particularly suitable for carpets and apparel where these characteristics are highly valued. PTT also has good resilience and softness, which contribute to comfort and wearability in textiles. It is also used for making durable parts that can withstand wear and tear in the automotive sector. The polymer’s production can be more sustainable than traditional polyesters, especially when bio-based 1,3- propanediol is used. This eco-friendly aspect, combined with its performance benefits, drives the growing interest and utilization of PTT in various industries.
Regional Coverage
The report provides a detailed analysis of the polytrimethylene terephthalate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polytrimethylene terephthalate price trend.
Global Polytrimethylene Terephthalate Price
The report offers a holistic view of the global polytrimethylene terephthalate pricing trends in the form of polytrimethylene terephthalate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of polytrimethylene terephthalate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polytrimethylene terephthalate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Polytrimethylene Terephthalate Price
European polytrimethylene terephthalate prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed polytrimethylene terephthalate price information for a comprehensive list of countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Polytrimethylene Terephthalate Price
The analysis of polytrimethylene terephthalate prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific polytrimethylene terephthalate historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Polytrimethylene Terephthalate Price
The report explores the polytrimethylene terephthalate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on polytrimethylene terephthalate prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Polytrimethylene Terephthalate Price
The polytrimethylene terephthalate pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This polytrimethylene terephthalate price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Polytrimethylene Terephthalate Price
The analysis of polytrimethylene terephthalate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Polytrimethylene Terephthalate |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Polytrimethylene Terephthalate Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of polytrimethylene terephthalate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting polytrimethylene terephthalate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polytrimethylene terephthalate price charts ensure our clients remain at the forefront of the industry.