Product Code: 3862
Global Polytetramethylene Ether Glycol (PTMEG) Market is poised to grow significantly through 2032, owing to the massive demand for PTMEG products in the sports equipment industry. Increasing sporting events across the globe are steadily increasing the demand for sporting goods, thus fueling the industry dynamics.
In addition, there is an increasing amount of research being conducted in this field, which is aimed at the better application of PTMEG products. To cite an instance, in December 2022, a paper titled "Autonomous self-healing optical sensors for damage intelligent soft-bodied systems", revealed the development of a robotic system using variants of PTMEG to develop a robotic system, SHeaLDS, which provides dependable dynamic sensing.
Furthermore, key market players are also expanding their production capacity to cater to the increasing demand for PTMEG products, while simultaneously building on their commitment to sustainability. To cite an instance, in October 2022, Junzheng Chemical Industry Co., Ltd. announced commencing the construction of phase-I of its biodegradable plastic recycling industry project. The PTMEG green recycling industry will be located in Wuhai City of China.
Overall, the Polytetramethylene Ether Glycol market has been segmented in terms of application, end user, and region.
In terms of application, the thermoplastic urethane elastomer segment will grow at more than 6.5% CAGR between 2023 and 2032. PTMEG-based polyurethanes are generally used in wires and cables, textile coatings, non-yellowing films, and breathable films, given their high resiliency, good processing characteristics, and excellent dynamic and mechanical properties. Increasing demand for wires and cables for construction purposes will drive the market through 2032.
On the basis of end user, the adhesives and sealants segment is set to register steady growth over the next decade. PTMEG adhesives are ideal for applications requiring flexibility, thus finding use across end-use industries such as footwear, construction, automotive, lamination, packaging, and binders. The demand for footwear is steadily increasing across the globe. For instance, in June 2022, World Footwear Business Conditions Survey's latest report revealed that the average growth of footwear consumption will reach more than 5.5% in the near future. Growth of such subsegments will drive the market through 2023-32.
In the regional context, the PTMEG market will witness massive growth in Europe, where it will grow at more than 6.5% CAGR during 2023-2032. The increasing usage of PTMEG products in the coatings industry, seals and gaskets, automobiles, transmission boots, and beg covers is increasing its adoption in this region. Besides, PTMEG is one of the chief ingredients of artificial leather. Owing to the increasing awareness about animal cruelty, there is increasing adoption of artificial leather in this region, which will drive the market demand in the next ten years.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Methodology
- 1.2 Market definitions
- 1.3 Market estimation & forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid Sources
- 1.4.2.2 Public Sources
Chapter 2 Executive Summary
- 2.1 Polytetramethylene ether glycol (PTMEG) industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Application trends
- 2.1.3 End User trends
- 2.1.4 Regional trends
Chapter 3 Polytetramethylene ether glycol (PTMEG) Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry size and forecast, 2018 - 2032
- 3.2.1 Impact of COVID-19 outbreak
- 3.3 Industry ecosystem analysis
- 3.3.1 Raw material suppliers
- 3.3.2 Manufacturing trends
- 3.3.3 Distributor
- 3.3.4 Profit margin
- 3.3.5 Value addition
- 3.3.6 Distribution channel analysis
- 3.3.7 Vendor matrix
- 3.3.7.1 List of key raw material suppliers
- 3.3.7.2 List of key manufacturers / distributors
- 3.3.7.3 List of key / potential customers
- 3.4 Technology & innovation landscape
- 3.5 Industry megatrends
- 3.6 Industry impact forces
- 3.6.1 Growth
- 3.6.1.1 Rising product demand in the spandex industry
- 3.6.1.2 The increasing adoption of EVs is likely to surge the industry proliferation
- 3.6.1.3 High growth in the sports equipment industry
- 3.6.2 Industry pitfalls and challenges
- 3.6.2.1 Increasing health effects will hinder market growth
- 3.7 Regulatory landscape
- 3.7.1 U.S.
- 3.7.2 Europe
- 3.7.3 China
- 3.8 Growth potential analysis
- 3.9 Pricing analysis
- 3.9.1 Regional price trends
- 3.9.2 Cost structure analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTLE analysis
- 3.12 COVID-19 impact on polytetramethylene ether glycol (PTMEG) demand by end user
Chapter 4 Competitive Landscape, 2022
- 4.1 Introduction
- 4.2 Company market share analysis, by region 2022
- 4.2.1 North America polytetramethylene ether glycol (PTMEG) market share analysis 2022
- 4.2.2 Europe polytetramethylene ether glycol (PTMEG) market share analysis 2022
- 4.2.3 Asia Pacific polytetramethylene ether glycol (PTMEG) market share analysis 2022
- 4.2.4 Latin America polytetramethylene ether glycol (PTMEG) market share analysis 2022
- 4.2.5 MEA polytetramethylene ether glycol (PTMEG) market share analysis 2022
- 4.3 Vendor adoption matrix, 2022
- 4.4 Top player overview
- 4.5 Strategy Dashboard
Chapter 5 Polytetramethylene ether glycol (PTMEG) Market, By Application
- 5.1 Global polytetramethylene ether glycol (PTMEG) market by application insights
- 5.2 Spandex
- 5.2.1 Global market estimates and forecast, 2018 - 2032
- 5.2.2 Global market estimates and forecast, by region, 2018 -2032
- 5.3 Thermoplastic urethane elastomer
- 5.3.1 Global market estimates and forecast, 2018 - 2032
- 5.3.2 Global market estimates and forecast, by region, 2018 -2032
- 5.4 Co-polyester Ether Elastomers
- 5.4.1 Global market estimates and forecast, 2018 - 2032
- 5.4.2 Global market estimates and forecast, by region, 2018 -2032
- 5.5 Others
- 5.5.1 Global market estimates and forecast, 2018 - 2032
- 5.5.2 Global market estimates and forecast, by region, 2018 -2032
Chapter 6 Polytetramethylene ether glycol (PTMEG) Market, By End User
- 6.1 Global polytetramethylene ether glycol (PTMEG) market by end user insights
- 6.2 Coatings
- 6.2.1 Global market estimates and forecast, 2018 - 2032
- 6.2.2 Global market estimates and forecast, by region, 2018 - 2032
- 6.3 Adhesives & Sealants
- 6.3.1 Global market estimates and forecast, 2018 - 2032
- 6.3.2 Global market estimates and forecast, by region, 2018 - 2032
- 6.4 Textiles
- 6.4.1 Global market estimates and forecast, 2018 - 2032
- 6.4.2 Global market estimates and forecast, by region, 2018 - 2032
- 6.5 Artificial Leather
- 6.5.1 Global market estimates and forecast, 2018 - 2032
- 6.5.2 Global market estimates and forecast, by region, 2018 - 2032
- 6.6 Automotive
- 6.6.1 Global market estimates and forecast, 2018 - 2032
- 6.6.2 Global market estimates and forecast, by region, 2018 - 2032
- 6.7 Industrial
- 6.7.1 Global market estimates and forecast, 2018 - 2032
- 6.7.2 Global market estimates and forecast, by region, 2018 - 2032
- 6.8 Leisure & Sports
- 6.8.1 Global market estimates and forecast, 2018 - 2032
- 6.8.2 Global market estimates and forecast, by region, 2018 - 2032
- 6.9 Others
- 6.9.1 Global market estimates and forecast, 2018 - 2032
- 6.9.2 Global market estimates and forecast, by region, 2018 - 2032
Chapter 7 Polytetramethylene ether glycol (PTMEG) Market, By Region
- 7.1 Global polytetramethylene ether glycol (PTMEG) market sector insights
- 7.2 North America
- 7.2.1 market estimates & forecast, 2018 - 2032
- 7.2.2 market estimates & forecast, by application, 2018 - 2032
- 7.2.3 market estimates and forecast, by end user, 2018 - 2032
- 7.2.4 U.S.
- 7.2.4.1 market estimates & forecast, 2018 - 2032
- 7.2.4.2 market estimates & forecast, by application, 2018 - 2032
- 7.2.4.3 market estimates and forecast, by end user, 2018 - 2032
- 7.2.5 Canada
- 7.2.5.1 market estimates & forecast, 2018 - 2032
- 7.2.5.2 market estimates & forecast, by application, 2018 - 2032
- 7.2.5.3 market estimates and forecast, by end user, 2018 - 2032
- 7.3 Europe
- 7.3.1 market estimates & forecast, 2018 - 2032
- 7.3.2 market estimates & forecast, by application, 2018 - 2032
- 7.3.3 market estimates and forecast, by end user, 2018 - 2032
- 7.3.4 Germany
- 7.3.4.1 market estimates & forecast, 2018 - 2032
- 7.3.4.2 market estimates & forecast, by application, 2018 - 2032
- 7.3.4.3 market estimates and forecast, by end user, 2018 - 2032
- 7.3.5 UK
- 7.3.5.1 market estimates & forecast, 2018 - 2032
- 7.3.5.2 market estimates & forecast, by application, 2018 - 2032
- 7.3.5.3 market estimates and forecast, by end user, 2018 - 2032
- 7.3.6 France
- 7.3.6.1 market estimates & forecast, 2018 - 2032
- 7.3.6.2 market estimates & forecast, by application, 2018 - 2032
- 7.3.6.3 market estimates and forecast, by end user, 2018 - 2032
- 7.3.7 Spain
- 7.3.7.1 market estimates & forecast, 2018 - 2032
- 7.3.7.2 market estimates & forecast, by application, 2018 - 2032
- 7.3.7.3 market estimates and forecast, by end user, 2018 - 2032
- 7.3.8 Italy
- 7.3.8.1 market estimates & forecast, 2018 - 2032
- 7.3.8.2 market estimates & forecast, by application, 2018 - 2032
- 7.3.8.3 market estimates and forecast, by end user, 2018 - 2032
- 7.4 Asia Pacific
- 7.4.1 market estimates & forecast, 2018 - 2032
- 7.4.2 market estimates & forecast, by application, 2018 - 2032
- 7.4.3 market estimates and forecast, by end user, 2018 - 2032
- 7.4.4 China
- 7.4.4.1 market estimates & forecast, 2018 - 2032
- 7.4.4.2 market estimates & forecast, by application, 2018 - 2032
- 7.4.4.3 market estimates and forecast, by end user, 2018 - 2032
- 7.4.5 India
- 7.4.5.1 market estimates & forecast, 2018 - 2032
- 7.4.5.2 market estimates & forecast, by application, 2018 - 2032
- 7.4.5.3 market estimates and forecast, by end user, 2018 - 2032
- 7.4.6 Japan
- 7.4.6.1 market estimates & forecast, 2018 - 2032
- 7.4.6.2 market estimates & forecast, by application, 2018 - 2032
- 7.4.6.3 market estimates and forecast, by end user, 2018 - 2032
- 7.4.7 Thailand
- 7.4.7.1 market estimates & forecast, 2018 - 2032
- 7.4.7.2 market estimates & forecast, by application, 2018 - 2032
- 7.4.7.3 market estimates and forecast, by end user, 2018 - 2032
- 7.4.8 South Korea
- 7.4.8.1 market estimates & forecast, 2018 - 2032
- 7.4.8.2 market estimates & forecast, by application, 2018 - 2032
- 7.4.8.3 market estimates and forecast, by end user, 2018 - 2032
- 7.5 Latin America
- 7.5.1 market estimates & forecast, 2018 - 2032
- 7.5.2 market estimates & forecast, by application, 2018 - 2032
- 7.5.3 market estimates and forecast, by end user, 2018 - 2032
- 7.5.4 Brazil
- 7.5.4.1 market estimates & forecast, 2018 - 2032
- 7.5.4.2 market estimates & forecast, by application, 2018 - 2032
- 7.5.4.3 market estimates and forecast, by end user, 2018 - 2032
- 7.5.5 Mexico
- 7.5.5.1 market estimates & forecast, 2018 - 2032
- 7.5.5.2 market estimates & forecast, by application, 2018 - 2032
- 7.5.5.3 market estimates and forecast, by end user, 2018 - 2032
- 7.6 Middle East & Africa
- 7.6.1 market estimates & forecast, 2018 - 2032
- 7.6.2 market estimates & forecast, by application, 2018 - 2032
- 7.6.3 market estimates and forecast, by end user, 2018 - 2032
- 7.6.4 Saudi Arabia
- 7.6.4.1 market estimates & forecast, 2018 - 2032
- 7.6.4.2 market estimates & forecast, by application, 2018 - 2032
- 7.6.5 South Africa
- 7.6.5.1 market estimates & forecast, 2018 - 2032
- 7.6.5.2 market estimates & forecast, by application, 2018 - 2032
- 7.6.5.3 market estimates and forecast, by end user, 2018 - 2032
Chapter 8 Company Profiles
- 8.1 BASF SE
- 8.1.1 Business Overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 Strategic Outlook
- 8.1.5 SWOT Analysis
- 8.2 LyondellBasell Industries N.V.
- 8.2.1 Business Overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 Strategic Outlook
- 8.2.5 SWOT Analysis
- 8.3 Dupont de Nemours, Inc.
- 8.3.1 Business Overview
- 8.3.2 Financial Data
- 8.3.3 Product Landscape
- 8.3.4 Strategic Outlook
- 8.3.5 SWOT Analysis
- 8.4 Mitsubishi Chemical Corporation
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 Strategic Outlook
- 8.4.5 SWOT Analysis
- 8.5 Invista
- 8.5.1 Business Overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT Analysis
- 8.6 Dairen Chemical Corporation
- 8.6.1 Business Overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 Strategic Outlook
- 8.6.5 SWOT Analysis
- 8.7 Korea PTG Co., Ltd.
- 8.7.1 Business Overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 Strategic Outlook
- 8.7.5 SWOT Analysis
- 8.8 Hyosung
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 Strategic Outlook
- 8.8.5 SWOT Analysis
- 8.9 Sipchem
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 Strategic Outlook
- 8.9.5 SWOT Analysis
- 8.10 Shanxi Sanwei Group Co.,Ltd
- 8.10.1 Business Overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 Strategic Outlook
- 8.10.5 SWOT Analysis
- 8.11 Formosa Asahi Spandex
- 8.11.1 Business Overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.4 Strategic Outlook
- 8.11.5 SWOT Analysis
- 8.12 Sanlong New Materials
- 8.12.1 Business Overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 Strategic Outlook
- 8.12.5 SWOT Analysis
- 8.13 Jianfeng Chemical
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 Strategic Outlook
- 8.13.5 SWOT Analysis
- 8.14 Sichuan Lutianhua
- 8.14.1 Business Overview
- 8.14.2 Financial Data
- 8.14.3 Product Landscape
- 8.14.4 Strategic Outlook
- 8.14.5 SWOT Analysis
- 8.15 Shanxi Shanhua
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 Strategic Outlook
- 8.15.5 SWOT Analysis