PUBLISHER: Grand View Research | PRODUCT CODE: 1574913
PUBLISHER: Grand View Research | PRODUCT CODE: 1574913
The global polytetramethylene ether glycol market size was valued at USD 2.56 billion in 2023 and is expected to grow at a CAGR of 6.2% from 2024 to 2030.The industry growth is mainly attributed to the rising demand from the automotive, construction, and electronics industries. Furthermore, the wide-ranging application of these products in medical equipment, home furnishings, apparel, and automotive fabrics is expected to positively influence the overall market revenue in the upcoming forecast period.
Polytetramethylene ether glycol (PTMEG) is a high-quality raw material extensively utilized in the production of various thermoplastic urethane elastomers, including polyurethanes, polyesters, and polyamide elastomers. PTMEG is extensively used in creating spandex, thermoplastic urethanes, among other products. The increased use of spandex fibers in the manufacturing of various consumer products, such as baby diapers, hosiery, sportswear, and bandages, has significantly contributed to industry growth.
Global Polytetramethylene Ether Glycol Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global polytetramethylene ether glycol market report based on application, end use, and region: