Home > Polymers & Advanced Materials > Polytetramethylene Ether Glycol Market

Polytetramethylene Ether Glycol Market Size By Application (Spandex, Thermoplastic Urethane Elastomers, Co-polyester Ether Elastomers, Others), By End-user (Coatings, Adhesives & Sealants, Textiles, Artificial Leather, Automotive, Industrial, Leisure & Sports, Others), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 - 2032

  • Report ID: GMI3862
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

Polytetramethylene Ether Glycol Market size was valued at more than USD 2 billion in 2022 and is poised to record significant growth at over 6.5% CAGR through 2032 owing to the growing product demand in sports equipment industry.
 

Polytetramethylene Ether Glycol (PTMEG) Market

Get more details on this report - Request Free Sample PDF
 

Polytetramethylene ether glycol is one of the premium raw materials used in the manufacturing of various thermoplastic urethane elastomers, such as polyurethanes, polyesters, and polyamide elastomers. The extensive use of spandex fibers to fabricate products, such as baby diapers, hosiery, sports outfits, or bandages, is an attributable factor for industry growth. Furthermore, widespread product application in medical, home furnishings, apparel, and automotive textiles are anticipated to escalate the overall market revenue through the forecast period.
 

Prominent health effects caused to hinder polytetramethylene ether glycol market expansion

As PTMEG can cause skin corrosion or irritation, as well as serious eye damage or irritation, these side effects are hampering the uptake of polytetramethylene ether glycol (PTMEG). However, manufacturers are taking efforts and R&D initiatives to lower the toxicity levels and introduce non-hazardous, stable PTMEG polyol products, which is foreseen to help them overcome this restraint in the coming years.
 

High utilization in automotive and medical sectors to favor co-polyester ether elastomers

Polytetramethylene Ether Glycol (PTMEG)  Market By Application

Get more details on this report - Request Free Sample PDF
 

As per application, industry is categorized into thermoplastic urethane elastomer, spandex, co-polyester ether elastomers, and others. Polytetramethylene ether glycol market share from the co-polyester ether elastomers (COPE) segment is anticipated to reach USD 550 million by 2032 owing to its rising usage in the automotive, hoses & tubing, medical, and wire & cable applications. COPE's advantageous properties bridge the gap between more flexible elastomers and stiff plastics, making it suitable for use in automotive applications, including seats, airbag deployment, and air intake ducts, as well as breathable films for medical purposes.
 

Growing inclination towards artificial leather to foster segment demand

Polytetramethylene Ether Glycol (PTMEG)  Market By End-User

Get more details on this report - Request Free Sample PDF
 

Polytetramethylene ether glycol market share from artificial leather end-user segment is expected to grow at a rate of more than 7.5% CAGR through 2032. Artificial leather products are becoming more popular among customers due to their lower cost, longer product life, and high-water resistance. Furthermore, rising concerns from animal rights organizations, such as PETA and WWF, are constraining the expansion of the natural leather sector and are positively affecting artificial leather sales, which are expected to boost PTMEG market revenue over the estimated timeline.
 

Rising demand for textiles and spandex to augment APAC industry share

Polytetramethylene Ether Glycol (PTMEG) Market By Region

Get more details on this report - Request Free Sample PDF
 

Asia Pacific polytetramethylene ether glycol market is set to grow significantly in terms of volume and be valued at more than USD 3 billion by 2032. Growing demand for textiles, coupled with steadily increasing spandex penetration in the region, is expected to drive product demand throughout the forecast timeline. China's developing end-user sectors, such as coatings, automotive, and textile, are anticipated to increase product demand from 2023 to 2032.
 

Strategic acquisitions to define the competitive landscape

BASF SE, Formosa Asahi Spandex, Jianfeng Chemical, Dupont de Nemours, Inc., Mitsubishi Chemical Corporation, Invista, Dairen Chemical Corporation, Korea PTG Co., Ltd., Sipchem, Shanxi Sanwei Group Co., Ltd., and Sanlong New Materials are some of the prominent companies engaged in the polytetramethylene ether glycol market.
 

Impact of COVID-19 on polytetramethylene ether glycol market trends

COVID-19 pandemic had a detrimental influence on the chemical industry as a whole. Since PTMEG production has been heavily reliant on China for many decades, it severely impacted by the pandemic, the industry faced the challenges of obtaining raw materials and supply chain disruption, which caused a major hurdle in delivering finished products. However, as the infection rates fall and lockdown restrictions are eased, companies are leveraging the unique opportunities presented by the challenges by orienting their businesses toward the new patterns that will persist post-COVID-19.
 

The polytetramethylene ether glycol (PTMEG) market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD million from 2018 to 2032 for the following segments:

By Application

  • Spandex
  • Thermoplastic urethane elastomer
  • Co-polyester Ether Elastomers
  • Others

By End User

  • Coatings
  • Adhesives & Sealants
  • Textiles
  • Artificial Leather
  • Automotive
  • Industrial
  • Leisure & Sports
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Thailand
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa

 

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Global Polytetramethylene Ether Glycol Market registered the valuation of over USD 2 billion in 2022 and is set to grow at more than 6.5% CAGR through 2032 driven by the growing product demand the sports equipment industry.

Artificial leather end user segment of the polytetramethylene ether glycol (PTMEG) industry is poised to record significant growth at over 7.5% CAGR through 2032 owing to the longer product life and greater water resistance characteristics of the artificial leather products.

APAC polytetramethylene ether glycol market is estimated to be valued at over USD 3 billion by 2032 owing to the rising demand for textiles and growing penetration of spandex across the region.

BASF SE, Formosa Asahi Spandex, Jianfeng Chemical, Dupont de Nemours, Inc., Mitsubishi Chemical Corporation, Invista, Dairen Chemical Corporation, Korea PTG Co., Ltd., Sipchem, Shanxi Sanwei Group Co., Ltd., and Sanlong New Materials are some key enterprises operating in the polytetramethylene ether glycol (PTMEG) market.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 277
  • Countries covered: 16
  • Pages: 250

Get a report that explains COVID-19 impact on this market

 Request Free Sample

Budget constraints? Get in touch with us for special pricing

Request Discount