Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Polytetrahydrofuran (PTMEG) Market by Type (Spandex Use, Other), By Application (Spandex, Polyurethanes, Copolyester-ether elastomers, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Polytetrahydrofuran (PTMEG) Market by Type (Spandex Use, Other), By Application (Spandex, Polyurethanes, Copolyester-ether elastomers, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 145901 3300 Chemical & Material 377 230 Pages 5 (34)
                                          

Market Overview:


The global polytetrahydrofuran (PTMEG) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The other type segment is projected to be the fastest-growing segment in the global PTMEG market during the forecast period. This growth can be attributed to its increasing demand from various end-use industries, such as spandex and polyurethanes, among others. Asia Pacific is expected to be the fastest-growing region in terms of CAGR during the forecast period, owing to rising demand for spandex and copolyester-ether elastomers in countries such as China and India.


Global Polytetrahydrofuran (PTMEG) Industry Outlook


Product Definition:


A synthetic high-performance thermoplastic elastomer, polytetrahydrofuran (PTMEG) is a tough, flexible polymer with excellent resistance to wear and chemicals. It has found use in a variety of applications, including automotive parts, medical devices and hoses.


Spandex Use:


Spandex is a polymer, which is obtained from the reaction of chloroprene and glycol. It has high tensile strength and good elasticity. Spandex can be used as an alternative to rubber in many applications such as sports equipment, hoses & cables, footwear & socks, textiles (yarns), filtration membranes and films.


Other:


Other is a chemical compound and it's main ingredient is Tetrahydrofuran (THF). Other ingredients include dioxane, aniline, tetrahydrofuran solution/dimerization catalyst and water. THF is colorless liquid that has pungent odor.


Application Insights:


Spandex application dominated the global market in terms of revenue share in 2017. PTMEG is used to manufacture spandex fiber which is further utilized to make sportswear, swimwear, and other types of apparel. Increasing demand for spandex fibers from various end-use industries such as textile industry and fashion are expected to drive the segment growth over the forecast period.


Polyurethane (PU) segment is anticipated to witness significant growth over the forecast period owing to its wide applications including foams, adhesives/sealants, coatings, automotive interior trim components among others. Growing PU industry on account of increasing consumer preference for high quality products with enhanced performance characteristics will boost product consumption over the next eight years.


PTMEG also finds application in manufacturing polyester-ether elastomers (PEE), copolyester-ether elastomers (CEL),.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries, such as sports apparel, medical textiles, automotive interiors and others. China is one of the largest producers of polytetrahydrofuran globally owing to easy availability of raw materials coupled with low manufacturing cost in that country.


The Asia Pacific market was followed by Europe which accounted for a revenue share of more than 20% in 2017 on account both type as well as application wise consumption trends across countries like Germany, France and Italy among other Eastern European countries are expected to drive regional growth over the forecast period.


Growth Factors:


  • PTEG is a versatile monomer that can be used to produce a variety of polymers with different properties, making it an attractive option for manufacturers.
  • PTMEG is biodegradable, which could make it more appealing to consumers and increase its market share.
  • PTMEG has low toxicity, making it safer for both workers and the environment.
  • The price of PTMEG has been dropping in recent years, making it more affordable for manufacturers and consumers alike.
  • The global demand for plastics is increasing rapidly, providing a strong market potential for PTMEG

Scope Of The Report

Report Attributes

Report Details

Report Title

Polytetrahydrofuran (PTMEG) Market Research Report

By Type

Spandex Use, Other

By Application

Spandex, Polyurethanes, Copolyester-ether elastomers, Other

By Companies

BASF, Dairen Chemical, Mitsubishi Chemical, Invista, Korea PTG, Formosa Asahi Spandex, Hyosung Chemical Fiber, Shanxi Sanwei Group, Sanlong New Materials, Jianfeng Chemical, Sichuan Lutianhua, Shanxi Shanhua

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

230

Number of Tables & Figures

161

Customization Available

Yes, the report can be customized as per your need.


Global Polytetrahydrofuran (PTMEG) Market Report Segments:

The global Polytetrahydrofuran (PTMEG) market is segmented on the basis of:

Types

Spandex Use, Other

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

Spandex, Polyurethanes, Copolyester-ether elastomers, Other

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:

  1. BASF
  2. Dairen Chemical
  3. Mitsubishi Chemical
  4. Invista
  5. Korea PTG
  6. Formosa Asahi Spandex
  7. Hyosung Chemical Fiber
  8. Shanxi Sanwei Group
  9. Sanlong New Materials
  10. Jianfeng Chemical
  11. Sichuan Lutianhua
  12. Shanxi Shanhua

Global Polytetrahydrofuran (PTMEG) Market Overview


Highlights of The Polytetrahydrofuran (PTMEG) Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Spandex Use
    2. Other
  1. By Application:

    1. Spandex
    2. Polyurethanes
    3. Copolyester-ether elastomers
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Polytetrahydrofuran (PTMEG) 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

Global Polytetrahydrofuran (PTMEG) Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


PTMEG is a synthetic organic compound with the formula H2F6. It is a colorless liquid that has a faint odor. PTMEG is used in industrial and chemical processes as an intermediate in the production of other chemicals.

Some of the key players operating in the polytetrahydrofuran (ptmeg) market are BASF, Dairen Chemical, Mitsubishi Chemical, Invista, Korea PTG, Formosa Asahi Spandex, Hyosung Chemical Fiber, Shanxi Sanwei Group, Sanlong New Materials, Jianfeng Chemical, Sichuan Lutianhua, Shanxi Shanhua.

The polytetrahydrofuran (ptmeg) market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Polytetrahydrofuran (PTMEG) Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Polytetrahydrofuran (PTMEG) Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Polytetrahydrofuran (PTMEG) Market - Supply Chain
   4.5. Global Polytetrahydrofuran (PTMEG) Market Forecast
      4.5.1. Polytetrahydrofuran (PTMEG) Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Polytetrahydrofuran (PTMEG) Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Polytetrahydrofuran (PTMEG) Market Absolute $ Opportunity

5. Global Polytetrahydrofuran (PTMEG) Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Type
      5.3.1. Spandex Use
      5.3.2. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Polytetrahydrofuran (PTMEG) Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Application
      6.3.1. Spandex
      6.3.2. Polyurethanes
      6.3.3. Copolyester-ether elastomers
      6.3.4. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Polytetrahydrofuran (PTMEG) Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Polytetrahydrofuran (PTMEG) Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Polytetrahydrofuran (PTMEG) Demand Share Forecast, 2019-2026

9. North America Polytetrahydrofuran (PTMEG) Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Application
      9.4.1. Spandex
      9.4.2. Polyurethanes
      9.4.3. Copolyester-ether elastomers
      9.4.4. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Type
      9.7.1. Spandex Use
      9.7.2. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Polytetrahydrofuran (PTMEG) Demand Share Forecast, 2019-2026

10. Latin America Polytetrahydrofuran (PTMEG) Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Application
      10.4.1. Spandex
      10.4.2. Polyurethanes
      10.4.3. Copolyester-ether elastomers
      10.4.4. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Type
      10.7.1. Spandex Use
      10.7.2. Other
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Polytetrahydrofuran (PTMEG) Demand Share Forecast, 2019-2026

11. Europe Polytetrahydrofuran (PTMEG) Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Application
      11.4.1. Spandex
      11.4.2. Polyurethanes
      11.4.3. Copolyester-ether elastomers
      11.4.4. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Type
      11.7.1. Spandex Use
      11.7.2. Other
   11.8. Basis Point Share (BPS) Analysis by Type   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Polytetrahydrofuran (PTMEG) Demand Share, 2019-2026

12. Asia Pacific Polytetrahydrofuran (PTMEG) Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Application
      12.4.1. Spandex
      12.4.2. Polyurethanes
      12.4.3. Copolyester-ether elastomers
      12.4.4. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Type
      12.7.1. Spandex Use
      12.7.2. Other
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Polytetrahydrofuran (PTMEG) Demand Share, 2019-2026

13. Middle East & Africa Polytetrahydrofuran (PTMEG) Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Polytetrahydrofuran (PTMEG) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Application
      13.4.1. Spandex
      13.4.2. Polyurethanes
      13.4.3. Copolyester-ether elastomers
      13.4.4. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Polytetrahydrofuran (PTMEG) Market Size and Volume Forecast by Type
      13.7.1. Spandex Use
      13.7.2. Other
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Polytetrahydrofuran (PTMEG) Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Polytetrahydrofuran (PTMEG) Market: Market Share Analysis
   14.2. Polytetrahydrofuran (PTMEG) Distributors and Customers
   14.3. Polytetrahydrofuran (PTMEG) Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. BASF
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Dairen Chemical
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Mitsubishi Chemical
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Invista
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Korea PTG
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Formosa Asahi Spandex
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Hyosung Chemical Fiber
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Shanxi Sanwei Group
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Sanlong New Materials
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Jianfeng Chemical
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Sichuan Lutianhua
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Shanxi Shanhua
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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