-- 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.
PTMEG forms a vital part in the production of essential elastomers such as polyurethanes which are further possessed into finish products via fiber spinning and extrusion process. The growing demand for polyurethanes in electrical & electronics, packaging and construction industries is anticipated to generate substantial revenue for the global polytetramethylene ether glycol market during the review period.
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Polytetramethylene ether glycol offers excellent properties such as high resiliency, low temperature flexibility, high abrasion resistance that makes them suitable for the use in production of elastomers. Moreover, the growing use of PTMEG in textile industries shall further boost the market growth during the review period.
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.
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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.
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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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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/polytetramethylene-ether-glycol-ptmeg-market
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