Market Overview:
The global polytetramethylene glycol (PTG) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The PTG market is segmented on the basis of type, application, and region. On the basis of type, the PTG market is segmented into spandex (polyurethane) fibers, polyurethane elastomers, copolyester-ether elastomers, and others. The spandex (polyurethane) fibers segment is expected to dominate the PTG market in terms of value during the forecast period owing to its properties such as high elasticity and durability. On the basis of application, paints and coatings are projected to be one of the fastest-growing applications in terms of value during 2018–2030 due to their increasing demand from end-use industries such as automotive and construction.
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Product Definition:
Polytetramethylene Glycol (PTG) is a polymer made of repeating tetramethylene glycol units. It is used as a thickener, stabilizer, and emulsifier in foods, drugs, and cosmetics.
Spandex (polyurethane) Fibers:
Spandex (polyurethane) fibers are long-chain, highly branched polymers. They have a molecular weight of about 3,000 and are produced by the polymerization of isoprene units. Spandex fibers exhibit superior properties such as high strength, elasticity and good resiliency which makes them useful in various end-use industries including textiles, apparel and home furnishing among others.
Polyurethane Elastomers:
Polyurethane elastomers (PUEs) are polymers with flexible and durable properties. They can be used as a replacement for conventional materials such as rubber in various applications including automotive, construction, consumer goods, electronics and appliances among others. PUEs have better tear resistance than PTG which makes them suitable to be used in the manufacturing of components that are exposed to strong mechanical stress or heat.
Application Insights:
The demand for polytetramethylene glycol in the paints and coatings application segment accounted for a volume share of 35.2% in 2017. This is attributed to its excellent properties, such as high heat resistance, weather resistance, and chemical stability which make it suitable for industrial coating applications. Increasing construction activities across the globe are anticipated to augment the demand for paints and coatings over the forecast period thereby driving market growth.
Polytetramethylene glycol is used as an additive in hydraulic brake fluids where it acts as a anti-friction agent that helps prevent rusting of metal parts caused by sliding friction between them when they come into contact with each other during braking process. It is also used extensively in lubricating oils where it functions as a viscosity modifier along with mineral oil that helps improve performance characteristics of lubricating oils under high temperature conditions without changing their basic properties such as strength and durability.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is also anticipated to register a significant CAGR of XX% from 2018 to 2030 owing to increasing automotive production, coupled with rising consumer disposable income levels in emerging economies such as China and India. In addition, growing construction activities due to rapid urbanization are estimated to drive demand for PTG-based products over the forecast period.
North America emerged as the second-largest regional market in 2017 on account of high product consumption by paints and coatings application segment due primarilyto renovation activities taking place across commercial buildings in U.S.
Growth Factors:
- PTG is a versatile product that can be used in a variety of industries, including automotive, aerospace, and medical. This versatility will help to drive growth in the PTG market.
- The global population is growing, and with it the demand for products that improve quality of life. PTG is an environmentally friendly product that can be used to make products such as plastics and textiles more durable and resistant to wear and tear. This will help to fuel growth in the PTG market.
- The global economy is growing, which means that there are more people with disposable income who can afford products made from PTG-based materials.
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Scope Of The Report
Report Attributes
Report Details
Report Title
Polytetramethylene Glycol (PTG) Market Research Report
By Type
Spandex (polyurethane) Fibers, Polyurethane Elastomers, Copolyester-Ether Elastomers, Others
By Application
Paints and Coatings, Automotive, Textiles, Others
By Companies
BASF SE, Chang Chun Group, DCC, HYOSUNG, INVISTA, KOREA PTG, Mitsubishi Chemical Corporation, Shanxi Sanwei Group Co., Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Polytetramethylene Glycol (PTG) Market Report Segments:
The global Polytetramethylene Glycol (PTG) market is segmented on the basis of:
Types
Spandex (polyurethane) Fibers, Polyurethane Elastomers, Copolyester-Ether Elastomers, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Paints and Coatings, Automotive, Textiles, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF SE
- Chang Chun Group
- DCC
- HYOSUNG
- INVISTA
- KOREA PTG
- Mitsubishi Chemical Corporation
- Shanxi Sanwei Group Co., Ltd
 Market Overview.svg)
Highlights of The Polytetramethylene Glycol (PTG) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spandex (polyurethane) Fibers
- Polyurethane Elastomers
- Copolyester-Ether Elastomers
- Others
- By Application:
- Paints and Coatings
- Automotive
- Textiles
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polytetramethylene Glycol (PTG) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PTG is a synthetic polymer that is used as a solvent, emulsifier, and lubricant. It has many industrial applications, including in the production of paints, coatings, plastics, and pharmaceuticals. PTG is also used as an additive in food products to improve texture and flavor.
Some of the major players in the polytetramethylene glycol (ptg) market are BASF SE, Chang Chun Group, DCC, HYOSUNG, INVISTA, KOREA PTG, Mitsubishi Chemical Corporation, Shanxi Sanwei Group Co., Ltd.
The polytetramethylene glycol (ptg) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polytetramethylene Glycol (PTG) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polytetramethylene Glycol (PTG) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polytetramethylene Glycol (PTG) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polytetramethylene Glycol (PTG) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polytetramethylene Glycol (PTG) Market Size & Forecast, 2020-2028
4.5.1 Polytetramethylene Glycol (PTG) Market Size and Y-o-Y Growth
4.5.2 Polytetramethylene Glycol (PTG) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Spandex (polyurethane) Fibers
5.2.2 Polyurethane Elastomers
5.2.3 Copolyester-Ether Elastomers
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Paints and Coatings
6.2.2 Automotive
6.2.3 Textiles
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polytetramethylene Glycol (PTG) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polytetramethylene Glycol (PTG) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Spandex (polyurethane) Fibers
9.6.2 Polyurethane Elastomers
9.6.3 Copolyester-Ether Elastomers
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Paints and Coatings
9.10.2 Automotive
9.10.3 Textiles
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Spandex (polyurethane) Fibers
10.6.2 Polyurethane Elastomers
10.6.3 Copolyester-Ether Elastomers
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Paints and Coatings
10.10.2 Automotive
10.10.3 Textiles
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Spandex (polyurethane) Fibers
11.6.2 Polyurethane Elastomers
11.6.3 Copolyester-Ether Elastomers
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Paints and Coatings
11.10.2 Automotive
11.10.3 Textiles
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Spandex (polyurethane) Fibers
12.6.2 Polyurethane Elastomers
12.6.3 Copolyester-Ether Elastomers
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Paints and Coatings
12.10.2 Automotive
12.10.3 Textiles
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Spandex (polyurethane) Fibers
13.6.2 Polyurethane Elastomers
13.6.3 Copolyester-Ether Elastomers
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Paints and Coatings
13.10.2 Automotive
13.10.3 Textiles
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polytetramethylene Glycol (PTG) Market: Competitive Dashboard
14.2 Global Polytetramethylene Glycol (PTG) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF SE
14.3.2 Chang Chun Group
14.3.3 DCC
14.3.4 HYOSUNG
14.3.5 INVISTA
14.3.6 KOREA PTG
14.3.7 Mitsubishi Chemical Corporation
14.3.8 Shanxi Sanwei Group Co., Ltd
