Market Size of Polytetramethylene Ether Glycol (PTMEG) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.27 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polytetramethylene Ether Glycol (PTMEG) Market Analysis
The Polytetramethylene Ether Glycol (PTMEG) Market size is expected to grow from 1.24 million tons in 2023 to 1.60 million tons by 2028, at a CAGR of 5.27% during the forecast period (2023-2028).
Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market. However, the conditions started recovering over time, restoring the market's growth trajectory.
- Over the medium term, the increasing demand for thermoplastic polyurethane (TPU) and the growth in the apparel and clothing industry is expected to drive the market growth.
- However, the economic downfall in the European economies is expected to hinder the growth of the market studied.
- The emerging usage of spandex fibers in the healthcare industry and shifting trends toward bio-based products are expected to provide opportunities for the market.
