The global
polyoxytetramethylene (PTMG) market is expected to grow at an exponential CAGR
in the years to come. A chemical compound appearing as a white solid that has
the ability to dissolve to a lucid, colorless, and thick liquid in the room
temperature. It is also known by various names as poly (tetramethylene ether)
glycol, Polytetrahydrofuran, as well as poly (tetramethylene oxide). The
compound is generally formed with the help of the catalyzed polymerization
process of tetrahydrofuran (THF).
The most striking aspects that
are attached with it may entail augmented resiliency, robust resistance to
hydrolysis and fungus, enhanced flexibility at reduced temperatures, low
thickness, reduced noise features, and lowered heat buildup. All these features
together make the compound most favorable for a wide range of applications such
as automotive hoses and gaskets, forklift tires, roller skate wheels,
industrial belts, medical prostheses, catheters, medical devices, tank and pipe
lines, as well as athletic shoes.
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It has proven quite beneficial
in the manufacturing of polyurethane elastomers, co polyester-ether elastomers,
urethane adhesives, sealants, surface coatings, as well as spandex
(polyurethane) fibers. Moreover, it is employed in the production of artificial
leather. The polymer is also considered a base or raw material for other
compounds ranging from polyetheramide, cast polyurethane elastomers,
thermoplastic polyurethane, to thermoplastic polyesters that are extensively
deployed in the helms and wheels of roller skates. It has been observed that
the product is gaining huge demand across the globe due to mounting
applications across various sectors.
The factors that are playing a
significant role in raising the share of the market may include technological
advancements, rise in the industrialization, rising applications across various
sectors, mounting demands, rise in the awareness among the end users, existence
of significant players, and augmented economic growth.
It has been anticipated that
the Polyoxytetramethylene (PTMG) Market will experience a robust growth in the
next couple of years due to rising applications and scope around the globe.
Global Polyoxytetramethylene (PTMG) Market is segmented by product as PTMG 650,
PTMG 1000, PTMG 1800, PTMG 2000, and others. Polyoxytetramethylene (PTMG)
Market is segmented by application as PU Resin, TPEE, Spandex Fiber, and
others. Polyoxytetramethylene (PTMG) Market is classified based on geography as
North America, Southeast Asia, China, Europe, Japan, and India.
Among all the geographical
regions, it has been observed that the North America is currently leading the
market and the region will go on growing with the same pace, the reason being
augmented industrialization, urbanization, augmented awareness among the end
users regarding the applications of the compound, and emergence of leading
companies in the region.
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