Polytetrahydrofuran (PTMEG) Market Size, Share & Trends 2031
Polytetrahydrofuran (PTMEG) Market Size, Share & Trends 2031
Segments - Polytetrahydrofuran Market by Types (Petro-based Poly THF, Bio-based Poly THF), By Applications (Thermoplastic polyurethane elastomers, Polyurethanes (Spandex) fibers, Co-polyester ether elastomers) By End- Users (Paints & Coatings, Textiles, Adhesives and Sealants, Artificial Leather, Leisure and Sports and Others) and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :MC-126
| 4.8 Rating
| 61 Reviews
| 123 Pages
| Format :
Report Description
The global polytetrahydrofuran market was valued at USD 2.94 Billion in 2022 and is projected to reach USD 4.04 Billion by 2031, expanding at a CAGR of 3.6% during the period 2023-2031. Polytetrahydrofuran (PTMEG) is a type of polycol formed with the repeated material [–CH2 (CH2)3O–] from tetrahydrofuran (THF). Polytetrahydrofuran (PTMEG) are formed by the catalyst polymerization of tetrahydrofuran and are known as poly tetramethylene ether glycol or poly tetramethylene oxide.
This is readily soluble in ketones, chlorinated hydrocarbons, insoluble in fatty hydrocarbons or liquid alcohols, aromatic, and esters. The solubility decreases as its molecular weight increases. PTMEG becomes white waxy solid at room temperature. Elastic fibers, such as elastane (spandex), which are employed for extendable fabrics and polyurethane resins are primary applications of polytetrahydrofuran.
They are used in artificial leather manufacturing. The industry concentration of polytetrahydrofuran (PTMEG) is minimal; less than 50 producers worldwide are involved and the high-end products come primarily from the US, Germany, Taiwan, and Japan. PTMEG is used for making elastic textiles such as swimsuits, support hoses, sock tops, weatherproof clothing, athletic apparel, roller skates, skateboards, footwear, and medical equipment.
Market Dynamics
Drivers
Rise in Use of Polytetrahydrofuran in automobile industry
The automobile industry is expected to be one of the rapidly growing industry in the near future, owing to the rise in the demand for the automobiles, across the world. Polytetrahydrofuran (PTMEG) are used in the manufacturing of seat covers and are also used for the coating the surfaces. The polytetrahydrofuran are elastic and resilient, which helps in retaining the shape of the seat covers.
These are some of the factors, which has led to the rise in the adoption of the Polytetrahydrofuran (PTMEG) in the automobile industry. Materials such as Polytetrahydrofuran (PTMEG), acrylonitrile butadiene styrene (ABS), polystyrene, and polyethylene, are used as key materials in manufacturing of seat belts in the automobile industry. The polyterahydrofuran (PTMEG), also finds its application in decorations of the automobiles, which are some of the factors, which boost the demand for the polytetrahydrofuran (PTMEG).
The polytetrahydrofuran PTMEG are also used in the manufacturing of the cover of the gear shift knobs. The rising popularity among the consumers for the decoration of the interiors of the cars are some of the factors, which contributes for the demand for Polytetrahydrofuran (PTMEG).
Growing Fashion Industry in Emerging Countries
Several emerging economies such as China, India, Indonesia, Taiwan, and Thailand in Asia Pacific are adopting western cultures, including fashion. This has substantially fueled the demand for lycra, and stretchable clothing, in the region. The Polytetrahydrofuran is used in the manufacturing of spandex thread, which are used in the manufacturing of stretchable clothes.
China is a leading hub for the manufacture of spandex thread, thus fueling the expansion of the fashion industry in the region. High production of spandex based clothes in the region is boosting the need for polytetrahydrofuran among manufacturers.
Restrains
Implementation of Regulations on Chemicals
Increase in implementation of stringent government policies preventing the of chemicals is a key constraint of the polytetrahydrofuran market. Furthermore, rising environmental concerns such as health hazard related to the usage of polytetrahydrfuran in manufacturing and chemical industries hinders the growth of the market. Exposure to polytetrahydrofuran leads to headache, irritation in the respiratory tract. These are some of the factors, hampers the use of polytetrahydrofuran among the textile and automobile industries.
Segmental Outlook
Based on types, the market is bifurcated into petro-based poly THF and bio-based poly THF. The petro-based poly THF segment accounted for 88.9% share of the market in 2019. The rapid growth of this segment is attributed to the petro-based poly THF is extensively used in various industries such as clothing, footwear, medical equipment, and sports equipment. Rising environmental awareness is expected to increase the demand for petro-based poly THF.
In terms of applications, the polytetrahydrofuran market is segregated into thermoplastic polyurethane elastomers, polyurethanes (Spandex) fibers, and co-polyester ether elastomers. Co-polyester ether elastomers segment is anticipated to expand at a CAGR of 4.0% during the forecast period. Co-polyester ether elastomer is used to manufacture solid pipes and other car parts, along with other heat, chemicals, and fuel resistance applications.
In terms of end-users, the market is divided into paints & coatings, textiles, adhesives & sealants, artificial leather, leisure & sports, and others. The textile segment is anticipated to expand at a CAGR of 3.4% during the forecast period. Rising demand for the polytetrahydrofuran (PTMEG), in the textile industry is one of the major factors, which contributes for the growth of the segment.
Regional Outlook
In terms of regions, the global polytetrahydrofuran market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted one third share in 2020. The market in the Asia Pacific is projected to expand at a CAGR of 3.3% during the forecast period. Increasing demand for polytetrahydrofuran in the food packaging and plastic industry in the region to manufacture products such as Polytetrahdrofuran and PVC film casting contributes for the demand for the Polytetrahydrofuran (PTMEG) in the region.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Polytetrahydrofuran market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Polytetrahydrofuran market Performance
Segments
By Types
- Petro-based Poly THF
- Bio-based Poly THF
By Applications
- Thermoplastic polyurethane elastomers
- Polyurethanes (Spandex) fibers
- Hos Co-polyester ether elastomers
By End-users
- Paints and Coatings
- Textiles
- Adhesives and Sealants
- Artificial Leather
- Leisure and Sports
- Others
By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- U.K.
- France
- France
- Germany
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- South East Asia
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC
- Turkey
- Rest of Middle East & Africa
Key Market Players Profiled in the Report
- BASF SE
- China Petrochemical Corporation
- Chongqing Jianfeng Industrial Group,Co.Ltd
- Dairen Chemical Corporation
- Hangzhou Sanglong New Materials Co,Ltd
- HYOSUNG CHEMICAL
- INVISTA
- Mistubishi Chemical Corporation
- Shaanxi Shaanhua Coal Chemical Industry Group Co,Ltd
- Shanxi Sanwei Group Co., Ltd
- Sichuan Tianhua Co, Ltd
Competitive Landscape
- Key players in the market include BASF SE, Dairen Chemical, Mitsubishi Chemical Corporation, INVISTA, HYOSUNG CHEMICAL, Shanxi Sanwei Group,Co Ltd, China Petrochemical Corporation, Hangzhou Sanlong New Materials Co,Ltd, Chongqing Jianfeng Industrial Group, Co, Ltd, Sichuan Tianhua Co,Ltd, and Shaanxi Shaanhua Coal Industry Group, Co,Ltd . These companies are considered manufacturers of Polytetrahydrofuran market based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
- The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the is added in the company’s capacity.
- For instance, In June 2015, IN 2015, NASF SE started manufacturing bio based PMTEG. This action of the company helps them to expand product portfolio which helps to increase the market size of the company.
Frequently Asked Questions
Additional company profiles can be provided on request.
Yes, the report covers product specific information such as Petro-based Poly THF), Bio-based Poly THF, etc.
According to this Growth Market Reports report, the market from Polytetrahydrofuran market shall probably to register a CAGR of 3.6% during forecast period 2020-2027, with an anticipated valuation of USD 3,437.29 million by the end of the 2027.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The rising demand for polytetrahydrofuran in several automobiles for manufacturing of seats and belts has led to the rise in the demand for polytetrahydrofuran, these are expected to drive the market growth during forecast period.
Paints and Coatings, Textiles, Adhesives and Sealants are the key application that are driving the Polytetrahydrofuran market.
The market is expected to project a growth of over 2.5% between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the polytetrahydrofuran market. The rising adoption of polytetrahydrofuran (PTMEG) by textile manufacturers boost the growth of the segment.
The base year considered for the global Polytetrahydrofuran market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major Manufactures include, BASF SE, Dairen Chemical Corporation are the key players operating in the market.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polytetrahydrofuran (PTMEG) 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 Polytetrahydrofuran (PTMEG) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polytetrahydrofuran (PTMEG) 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 Polytetrahydrofuran (PTMEG) 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 Polytetrahydrofuran (PTMEG) Market Size & Forecast, 2017-2027
4.5.1 Polytetrahydrofuran (PTMEG) Market Size and Y-o-Y Growth
4.5.2 Polytetrahydrofuran (PTMEG) Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, By Types, 2017-2027
Chapter 5 Global Polytetrahydrofuran (PTMEG) Market Analysis and Forecast By Types
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Types
5.1.2 Basis Point Share (BPS) Analysis By Types
5.1.3 Absolute $ Opportunity Assessment By Types
5.2 Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By Types
5.2.1 Petro-based Poly THF
5.2.2 Bio-based Poly THF
5.3 Market Attractiveness Analysis By Types
Chapter 6 Global Polytetrahydrofuran (PTMEG) Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By Application
6.2.1 Thermoplastic Polyurethane elastomers
6.2.2 Polyurethanes (Spandex Fibers)
6.2.3 Co-polyester ether elastomers
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Polytetrahydrofuran (PTMEG) Market Analysis and Forecast By End-Use
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By End-Use
7.1.2 Basis Point Share (BPS) Analysis By End-Use
7.1.3 Absolute $ Opportunity Assessment By End-Use
7.2 Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By End-Use
7.2.1 Paints and Coatings
7.2.2 Textiles
7.2.3 Adhesives and Sealents
7.2.4 Artificial Leather
7.2.5 Leisure and Sports
7.2.6 Others
7.3 Market Attractiveness Analysis By End-Use
Chapter 8 Global Polytetrahydrofuran (PTMEG) Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Polytetrahydrofuran (PTMEG) Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Polytetrahydrofuran (PTMEG) Analysis and Forecast
10.1 Introduction
10.2 North America Polytetrahydrofuran (PTMEG) Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
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 North America Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By Types
10.6.1 Petro-based Poly THF
10.6.2 Bio-based Poly THF
10.7 Basis Point Share (BPS) Analysis By Types
10.8 Absolute $ Opportunity Assessment By Types
10.9 Market Attractiveness Analysis By Types
10.10 North America Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By Application
10.10.1 Thermoplastic Polyurethane elastomers
10.10.2 Polyurethanes (Spandex Fibers)
10.10.3 Co-polyester ether elastomers
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
10.14 North America Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By End-Use
10.14.1 Paints and Coatings
10.14.2 Textiles
10.14.3 Adhesives and Sealents
10.14.4 Artificial Leather
10.14.5 Leisure and Sports
10.14.6 Others
10.15 Basis Point Share (BPS) Analysis By End-Use
10.16 Absolute $ Opportunity Assessment By End-Use
10.17 Market Attractiveness Analysis By End-Use
Chapter 11 Europe Polytetrahydrofuran (PTMEG) Analysis and Forecast
11.1 Introduction
11.2 Europe Polytetrahydrofuran (PTMEG) Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Russia
11.2.6 Turkey
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 Europe Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By Types
11.6.1 Petro-based Poly THF
11.6.2 Bio-based Poly THF
11.7 Basis Point Share (BPS) Analysis By Types
11.8 Absolute $ Opportunity Assessment By Types
11.9 Market Attractiveness Analysis By Types
11.10 Europe Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By Application
11.10.1 Thermoplastic Polyurethane elastomers
11.10.2 Polyurethanes (Spandex Fibers)
11.10.3 Co-polyester ether elastomers
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
11.14 Europe Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By End-Use
11.14.1 Paints and Coatings
11.14.2 Textiles
11.14.3 Adhesives and Sealents
11.14.4 Artificial Leather
11.14.5 Leisure and Sports
11.14.6 Others
11.15 Basis Point Share (BPS) Analysis By End-Use
11.16 Absolute $ Opportunity Assessment By End-Use
11.17 Market Attractiveness Analysis By End-Use
Chapter 12 Asia Pacific Polytetrahydrofuran (PTMEG) Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Polytetrahydrofuran (PTMEG) Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 South East Asia
12.2.5 South East Asian Countries
12.2.6 India
12.2.7 Australia
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 Asia Pacific Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By Types
12.6.1 Petro-based Poly THF
12.6.2 Bio-based Poly THF
12.7 Basis Point Share (BPS) Analysis By Types
12.8 Absolute $ Opportunity Assessment By Types
12.9 Market Attractiveness Analysis By Types
12.10 Asia Pacific Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By Application
12.10.1 Thermoplastic Polyurethane elastomers
12.10.2 Polyurethanes (Spandex Fibers)
12.10.3 Co-polyester ether elastomers
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
12.14 Asia Pacific Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By End-Use
12.14.1 Paints and Coatings
12.14.2 Textiles
12.14.3 Adhesives and Sealents
12.14.4 Artificial Leather
12.14.5 Leisure and Sports
12.14.6 Others
12.15 Basis Point Share (BPS) Analysis By End-Use
12.16 Absolute $ Opportunity Assessment By End-Use
12.17 Market Attractiveness Analysis By End-Use
Chapter 13 Latin America Polytetrahydrofuran (PTMEG) Analysis and Forecast
13.1 Introduction
13.2 Latin America Polytetrahydrofuran (PTMEG) Market Size Forecast by Country
13.2.1 Brazil
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 Latin America Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By Types
13.6.1 Petro-based Poly THF
13.6.2 Bio-based Poly THF
13.7 Basis Point Share (BPS) Analysis By Types
13.8 Absolute $ Opportunity Assessment By Types
13.9 Market Attractiveness Analysis By Types
13.10 Latin America Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By Application
13.10.1 Thermoplastic Polyurethane elastomers
13.10.2 Polyurethanes (Spandex Fibers)
13.10.3 Co-polyester ether elastomers
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
13.14 Latin America Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By End-Use
13.14.1 Paints and Coatings
13.14.2 Textiles
13.14.3 Adhesives and Sealents
13.14.4 Artificial Leather
13.14.5 Leisure and Sports
13.14.6 Others
13.15 Basis Point Share (BPS) Analysis By End-Use
13.16 Absolute $ Opportunity Assessment By End-Use
13.17 Market Attractiveness Analysis By End-Use
Chapter 14 Middle East & Africa (MEA) Polytetrahydrofuran (PTMEG) Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Polytetrahydrofuran (PTMEG) Market Size Forecast by Country
14.2.1 GCC
14.2.2 Egypt
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By Types
14.6.1 Petro-based Poly THF
14.6.2 Bio-based Poly THF
14.7 Basis Point Share (BPS) Analysis By Types
14.8 Absolute $ Opportunity Assessment By Types
14.9 Market Attractiveness Analysis By Types
14.10 Middle East & Africa (MEA) Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By Application
14.10.1 Thermoplastic Polyurethane elastomers
14.10.2 Polyurethanes (Spandex Fibers)
14.10.3 Co-polyester ether elastomers
14.11 Basis Point Share (BPS) Analysis By Application
14.12 Absolute $ Opportunity Assessment By Application
14.13 Market Attractiveness Analysis By Application
14.14 Middle East & Africa (MEA) Polytetrahydrofuran (PTMEG) Market Size & Volume Forecast By End-Use
14.14.1 Paints and Coatings
14.14.2 Textiles
14.14.3 Adhesives and Sealents
14.14.4 Artificial Leather
14.14.5 Leisure and Sports
14.14.6 Others
14.15 Basis Point Share (BPS) Analysis By End-Use
14.16 Absolute $ Opportunity Assessment By End-Use
14.17 Market Attractiveness Analysis By End-Use
Chapter 15 Competition Landscape
15.1 Polytetrahydrofuran (PTMEG) Market: Competitive Dashboard
15.2 Global Polytetrahydrofuran (PTMEG) Market: Market Share Analysis, 2019
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 BASF SE
15.3.2 Dairen Chemical Corporation
15.3.3 Mitsubishi Chemical Corporation
15.3.4 INVISTA
15.3.5 HYOSUNG CHEMICAL
15.3.6 Shanxi Sanwei Group Co,Ltd
15.3.7 China Petrochemical Corporation
15.3.8 Hangzhou Sanlong New Materials Co,Ltd
15.3.9 Chongqing Jianfeng Industrial Group Co,Ltd
15.3.10 Sichuan TianhuaCo., Ltd
15.3.11 Shaanxi Shaanhua Coal Chemical Industry Group Co., Ltd.
Methodology
Related Reports
Some other reports from this category!
Our Clients
