The global Polyoxytetramethylene (PTMG) market was valued at 2269.25 Million USD in 2021 and will grow with a CAGR of 4.49% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Polyoxytetramethylene (PTMG) is white waxy solid, it is dissoluble in alcohol, ester, ketone, aromatic hydrocarbons and chlorinated hydrocarbon and is insoluble aliphatic hydrocarbon and water. When the temperature exceeds Polyoxytetramethylene (PTMG) would become transparent liquid beyond room temperature.It is used to make high specification polyurethanes with enhanced properties such as hydrolysis and microbe resistance, good low temperature performance and excellent resistance to abrasion and physical wear. Polyoxytetramethylene (PTMG) production has relatively high technology barrier. Currently, there are many producing companies in the world polyoxytetramethylene (PTMG) industry. The main market players are BASF, DCC, Mitsubishi Chemical, Hyosung and Korea PTG. BASF is the leader in the global market. In consumption market, APAC is the mainly consumption region due to the bigger demand of downstream applications. This region occupied 78.16% of the global consumption of polyoxytetramethylene (PTMG) in 2019. Followed by Americas, with 11.37% sales share. Polyoxytetramethylene (PTMG) is mainly applied in spandex fiber production. This application consumed 86.65% of the global consumption of polyoxytetramethylene (PTMG). With the development of economy, the spandex fiber will need more polyoxytetramethylene (PTMG). So, polyoxytetramethylene (PTMG) has some market potential in the future.

By Market Verdors:

BASF

The Lycra Company

Mitsubishi Chemical

Korea PTG

DCC

Formosa Asahi Spandex

Sanwei

Hyosung

Qingyun

Sinopec Great Wall Energy

Tianhua Fubang

Jianfeng

Shaanxi Coal & Chemical

By Types:

PTMG 650

PTMG 1000

PTMG 1800/2000

By Applications:

Spandex Fiber

PU Resin

TPU

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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