The report on the Polytetramethylene Ether Glycol Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2027. The report also offers insights into different market segments and other factors affecting the market.
The polytetramethylene ether glycol market is expected to grow at a promising CAGR of 7.2% during the forecast period.
Growing use of PTMEG in the production of polyurethanes, co-polyester ether elastomers, and co-polyetheramides is expected to drive the recovery and growth of the polytetramethylene ether glycol market. Furthermore, increasing product application in the textiles, adhesives & sealants, coatings, and automotive industries is encouraging increased product usage.
The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.
COVID-19 IMPACT on the Market-
The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.
The growth curves of Polytetramethylene Ether Glycol market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2021 is probably going to be superior to 2020 for the Polytetramethylene Ether Glycol market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.
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The Cornerstones in the market-
Listed below are the top key players that dominate the Polytetramethylene Ether Glycol market –
- BASF SE
- Mitsubishi Chemical Holdings Corporation
- Chang Chun Group
- Hyosung Corporation
- Korea PTG Co., Ltd.
- Dairen Chemical Corporation
- Saudi International Petrochemical Company
- DuPont de Nemours, Inc.
Polytetramethylene Ether Glycol Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.
The Polytetramethylene Ether Glycol Market is segmented into the following categories.
By Application Type
The market is segmented as polyurethane fibers, thermoplastic urethane elastomers, co-polyester ether elastomers, and others. Polyurethane fibers are likely to remain the dominant segment during the forecast period. These fibers, also known as spandex fibers, are widely used to make hosiery, bandages, baby diapers, sports outfits, and home furnishings, among other things. The rising global demand for lightweight, high-quality sports apparel is expected to drive the demand for polyurethane fibers during the forecast period.
By End-Use Industry Type
The market is segmented as paints and coatings, automotive, textiles, and others. The end-use industry for textiles is expected to hold onto its unassailable position over the forecast period. Increasing demand for higher-quality stretch fabrics in a wide range of textile applications is expected to drive the growth of the segment in the coming years. Furthermore, the growing textile sector, coupled with high demand for spandex from the hygiene and medical industries, is expected to bolster the demand for PTMEG during the forecast period. In addition, the product is widely preferred over conventional polymers because of its exceptional qualities, such as hardness and high resistance at low temperatures.
Asia-Pacific is expected to remain the largest region in the market for polytetramethylene ether glycol during the forecast period. The increasing demand for textiles, paired with rising penetration of polyurethane fibers in the region is expected to drive the product demand over the forecast period. China led the market in 2021, and its rapidly growing end-use industries, such as coatings, automotive, and textiles, are expected to boost the product demand in the future.
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- Company Profiling
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- SWOT analysis of key market players (up to 3 players)
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