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Polytetramethylene Ether Glycol (PTMEG) Market Size To Witness Exponential Growth – An Overview

Author : Rahul Varpe | Published Date : 2019-09-27 

The increased spending in research activities for the development of bio based polytetramethylene ether glycol is likely to open up new growth avenues in the market over the next few years. For instance, In March 2015, BASF announced production of bio-based PolyTHF, an environment friendly PTMEG that offers same characteristics as conventional petrochemicals based on polytetramethylene ether glycols.

However, the growing threat of alternative product markets coupled with the presence of stringent regulations regarding the use of polytetramethylene ether glycols may act as a major factor restraining product demand during the forecast period.

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In terms of application, the global polytetramethylene ether glycol market is segmented into spandex, thermoplastic urethane elastomers, co-polyester ether elastomers and others. Among these, spandex was the largest segment in 2018 and shall exhibit the same trend over the review period. Spandex fibers are extensively used to produce hosiery, bandages, baby diapers, sports outfits and home furnishings among others. The growing demand for lightweight high quality sports apparels across the globe is likely to accelerate PTMEG market over the forecast timeframe.

 In terms of end-users, the global PTMEG market is classified into coatings, adhesives & sealants, textiles, artificial leather, automotive, industrial and leisure & sports. Among the aforementioned segments, textile and sports segment shall generate maximum revenue over the forecast timespan. The product offers excellent properties such as hardness and high resistance at low temperatures hence are widely preferred over conventional polymers.

In the coatings industry, the use of polytetramethylene ether glycol improves surface finishing, water resistance hence which makes them suitable for breather fabrics and other applications. Polytetramethylene ether glycol forms an important building blocks for thermoplastic polyurethane and polyetherester elastomers which are widely used in transmission boots, seals and gaskets, air bag covers, covers, hoses and CV joints in automobiles. Furthermore, the product is also used as raw materials for the manufacturing of artificial leathers which are in turn used in luggage and upholstered chairs & sofas.

Polytetramethylene Ether Glycol (PTMEG) Market size is projected to show tremendous growth owing to its increasing use in the production of polyurethanes, co-polyether esters and co-polyetheramides. Polytetramethylene ether glycol (PTMEG) also known as polytetrahydrofuran is a white waxy substance produced by polymerization of tetrahydrofuran.

 Steadily growing product application in textiles, adhesives & sealants, coatings and automotive industry will be augmenting global PTMEG market size during the assessment period. The product is also widely used in producing spandex fibers which are being extensively used in modern sportswear.

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Some of the key market players in polytetramethylene ether glycol market include BASF SE, INVISTA, Mitsubishi Chemical, Dairen Chemical Corporation, LyondellBasell, DuPont and Sipchem.

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https://www.marketwatch.com/press-release/hydrophobic-coatings-market-to-cross-65-million-by-2024-from-optical-application-2019-09-27

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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