Polytetramethylene Ether Glycol Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: CMR 57890 Report Format: PDF + Excel

Polytetramethylene Ether Glycol Market Overview

Polytetramethylene Ether Glycol Market size is forecast to reach $1.5 billion by 2026, after growing at a CAGR of 6.5% during 2021-2026. The growth of the market is driven by the rising demand for elastic fibers like spandex (elastane), which are used in stretchable fabrics, and polyurethane resins. Owing to the properties such as resistance to hydrolysis and microorganisms, great low-temperature performance, and high resistance to abrasion and physical wear, polytetramethylene ether glycol (PTMEG) or polytetrahydrofuran is used in the production of high-quality polyurethanes, co-polyether esters, and co-polyetheramides. Furthermore, the rising demand for polytetramethylene ether glycol with an increase in the number of sporting activities and increased awareness of fitness and healthy lifestyles are driving the growth of the polytetramethylene ether glycol industry.

Impact of Covid-19

The COVID-19 pandemic and subsequent halt in manufacturing activities had a severe impact on the supply availability of a variety of raw materials. Furthermore, the disruption in trade gravely impacted the availability of raw materials such as tetrahydrofuran for the production of polytetramethylene ether glycol in import-dependent countries. Thus, due to which the overall polytetramethylene ether glycol market was impacted in the year 2020. Currently, looking forward towards the normal condition in various regions it is estimated that the demand for polytetramethylene ether glycol will gradually rise in the upcoming years.

Report Coverage

The: “Polytetramethylene Ether GlycolMarketReport – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the polytetramethylene ether glycol market.

By Grade: PTMG250, PTMG650, PTMG1000, PTMG2000, PTMG3000 and Others
By Application: Polyurethane Elastic Fibers (Spandex), Thermoplastic Elastomers, Copolyester-polyether Elastomers (COPE), and Others.
By End Use Industry: Paints and Coatings, Adhesive and Sealants, Artificial Leather, Industrial Home Furnishing, Leisure and Sports, Automotive, Textile, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific),South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

  • The Asia Pacific region dominated the polytetramethylene ether glycol or polytetrahydrofuran market due to the increasing production of automotive and textile in countries such as Japan, China, and South Korea.
  • Rising healthcare standards, owing to innovative medical applications for spandex in wound treatment and protective gear is expected to fuel demand for spandex, which would further drive the market over the projected period.
  • Fluctuating raw material prices and rising health effects is estimated to create hurdles for the growth of the polytetramethylene ether glycol market in the projected period.


Figure: Asia Pacific Polytetramethylene Ether Glycol Market Revenue, 2020-2026 (US$ Billion)

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Polytetramethylene Ether Glycol Segment Analysis - By Application

Polyurethane Elastic Fibers (Spandex)held the largest share in the polytetramethylene ether glycol market with 24% in the year 2020. Polytetramethylene ether glycol (PTMEG) or polytetrahydrofuran is primarily used in the manufacture of spandex fibers. Spandex fibers are widely employed in a variety of products, including hosiery, bandages, infant diapers, modern sportswear, and home furnishings. Also, the common utilization of PTMEG in the manufacture of spandex fibres, which are widely employed in automotive interiors, is driving the market growth. Furthermore, the growing demand for lightweight, high-quality products in various automotive applications around the globe is expected to propel the demand for polyurethane elastic fibers (spandex)forward over the projected period. Thus, with the growing demand for spandex in various end-use industries, the market for PTMEG is anticipated to rise in the forecast period.

Polytetramethylene Ether Glycol Segment Analysis- By End Use Industry

Textile industry held the largest share in the polytetramethylene ether glycol market in 2020 and is projected to grow at a CAGR of 4.2% during the forecast period 2021-2026. The rising demand for higher-quality stretch fabrics in a variety of textile applications growth is expected to fuel market growth. Moreover, the growing textile sector coupled with the high demand for spandex from the hygiene and medical industries are estimated to drive the polytetrahydrofuran industry growth. The rising growth of the textile industry would further drive the polytetramethylene ether glycol market over the projected period. For instance, According to the Indonesian Textile Association (API), the apparel industry generated US$18,107 million in revenue in 2019 and is predicted to increase at a CAGR of 5.4% between 2019 and 2023. Therefore, the increasing growth of the textile industry is further expected to drive the growth of the polytetramethylene ether glycol market in the forecast period.

Polytetramethylene Ether Glycol Segment Analysis- By Geography

The Asia Pacific region held the largest share with 35% in the polytetramethylene ether glycol market in 2020. Globally, the Asia Pacific region dominates the demand for polytetramethylene ether glycol due to the growing automotive and textile industries in different countries. Rising government initiatives in the APAC region to strengthen the textile industry growth is further estimated to drive the polytetramethylene ether glycol or polytetrahydrofuran industry. For instance, according to India Brand Equity Foundation, the government created numerous schemes, such as the Scheme for Integrated Textile Parks (SITP) and the Technology Upgradation Fund The scheme, to attract private equity (PE) and employ more people (TUFS). Moreover, in January 2020, 15 Industrial Entrepreneur Memorandums (IEMS) worth Rs. 1,241 crore (US$176.05 million) were submitted in the textiles business. Thus, the rising growth of the textile industry would further raise the demand for polytetramethylene ether glycol over the forecast period.

Polytetramethylene Ether Glycol Market Drivers

Rising Construction and Infrastructure Industries

Growth in construction industry and infrastructure development due to increasing population and urbanization will also lead to higher demand for polytetramethylene ether glycol(PTMEG). Also, the increasing usage of paints and coatings, adhesive and sealants, and industrial home furnishing coupled with rising construction and infrastructure activities is further estimated to drive the demand for the polytetrahydrofuran industry. For instance, The Australian government is investing US$ 110 billion in transport infrastructure across Australia over the next ten years, from 2021 as part of its rolling infrastructure pipeline, of which the Infrastructure Investment Program is a significant component. Also, the Thailand's construction industry is thriving, mainly driven by the government’s efforts to develop the country’s infrastructure and residential construction market. For instance, in 2019, the Thailand government allocated THB4 billion (US$125.6 million) to finance five low-cost housing projects in the country. Additionally, the increasing usage of polyurethanes in building and construction to create high-performance products that are strong but lightweight, perform well, and are durable and adaptable, is driving the demand for polytetramethylene ether glycol. Thus, with the increasing construction and infrastructure industries, the market for polytetramethylene ether glycol market is estimated to rise over the forecast period.

Polytetramethylene Ether Glycol Market Challenges

Increasing Health Effects Will Hamper the Growth of the Market

Raw material such as tetrahydrofuran is increasingly being used for the production of polytetramethylene ether glycol. Tetrahydrofuran is a flammable and cancer-causing substance. Both humans and animals can develop major health problems with exposure to tetrahydrofuran.Also, tetrahydrofuran is very combustible and produces hazardous gases such as carbon monoxide and carbon dioxide when it decomposes. It can break down into explosive peroxides under certain conditions, such as prolonged storage in contact with air. Overexposure can induce headaches, dizziness, and respiratory tract irritation as well. Owing to the highly volatile and combustible chemical, it must be stored and handled in an environment that is devoid or limited in atmospheric oxygen. Thus, due to the volatile nature of the substances, various cautions must be exercised during the production of polytetramethylene ether glycol. The rising health effects due to the exposure of raw materials such as tetrahydrofuran would further hinder the growth of the polytetrahydrofuran or polytetramethylene ether glycol industry.

Polytetramethylene Ether Glycol Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the polytetramethylene ether glycol market. Major players in the polytetramethylene ether glycol market are Mitsui Chemicals, Inc., BASF SE, Ashland Inc., BioAmber Inc., Genomatica, Asahi Kasei Corp., DuPont, Toray Industries Inc., The Dow Chemical Company, and LyondellBasellamong others.

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1. Polytetramethylene Ether Glycol Market - Market Overview
    1.1 Definitions and Scope
2. Polytetramethylene Ether Glycol Market- Executive Summary
    2.1 Key Trends by Grade
    2.2 Key Trends by Application
    2.3 Key Trends by End Use Industry
    2.4 Key Trends by Geography
3. Polytetramethylene Ether Glycol Market - Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Polytetramethylene Ether Glycol Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Polytetramethylene Ether Glycol Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis - Major Companies
6. Polytetramethylene Ether Glycol Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of substitutes
7. Polytetramethylene Ether Glycol Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product/Market life cycle
    7.4 Distributors Analysis - Major Companies
8. Polytetramethylene Ether Glycol Market – By Grade (Market Size - US$ Million)
    8.1 PTMG250
    8.2 PTMG650
    8.3 PTMG1000
    8.4 PTMG2000
    8.5 PTMG3000
    8.6 Others
9. Polytetramethylene Ether Glycol Market – By Application (Market Size - US$ Million)
    9.1 Polyurethane Elastic Fibers (Spandex)
    9.2 Thermoplastic Elastomers
    9.3 Copolyester-polyether Elastomers (COPE)
    9.4 Others
10. Polytetramethylene Ether Glycol Market – By End Use Industry (Market Size –US$ Million)
    10.1 Paints and Coatings
    10.2 Adhesive and Sealants
    10.3 Artificial Leather
    10.4 Industrial
        10.4.1 Gears
        10.4.2 Conveyor belts
        10.4.3 Escalator wheels
        10.4.4 Tank and pipe linings
        10.4.5 Others
    10.5 Home Furnishing
    10.6 Leisure and Sports
    10.7 Automotive
        10.7.1 Hoses and Gaskets
        10.7.2 Ducts
        10.7.3 Others
    10.8 Textile
    10.9 Others
11. Polytetramethylene Ether Glycol Market - By Geography (Market Size - US$ Million)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of South Africa
12. Polytetramethylene Ether Glycol Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Polytetramethylene Ether Glycol Market - Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level- Major companies
    13.3 Market Share by Key Region- Major companies
    13.4 Market Share by Key Country- Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category- Major companies
14. Polytetramethylene Ether Glycol Market - List of Key Companies by Country Premium 
15. Polytetramethylene Ether Glycol Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies" 

List of Tables

1 US Polytetramethylene Ether Glycol Market Size 2018
2 Canada Polytetramethylene Ether Glycol Market Share 2018
3 Brazil Polytetramethylene Ether Glycol Market Outlook 2019 - 2023
4 Mexico Polytetramethylene Ether Glycol Market Research 2018
5 Germany Polytetramethylene Ether Glycol Market Trends 2019 - 2023 
6 France Polytetramethylene Ether Glycol Market Growth 2019 - 2023 
7 UK Polytetramethylene Ether Glycol Market Demand 2019 - 2023 
8 Italy Polytetramethylene Ether Glycol Market Segmentation 2018
9 Russia Polytetramethylene Ether Glycol Market Analysis 2019 - 2023
10 China Polytetramethylene Ether Glycol Market Revenue 2019 - 2023
11 Japan Polytetramethylene Ether Glycol Market Volume 2019 - 2023
12 South Korea Polytetramethylene Ether Glycol Market Potential 2019 - 2023
13 India Polytetramethylene Ether Glycol Market Leaders 2018
14 Saudi Arabia Polytetramethylene Ether Glycol Market Forecast 2019 - 2023 
15 Kuwait Polytetramethylene Ether Glycol Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link