Polytetramethyle ne Glycol (PTG)
Market
Polytetramethylene Glycol (PTG) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Polytetramethylene Glycol (PTG) Market Size and Growth
The Polytetramethylene Glycol (PTG) market is expanding, driven by increasing demand in polyurethane production and biodegradable materials. The global market size is projected to reach approximately $1.5 billion by 2025, with a compound annual growth rate (CAGR) of 6%. Growth is supported by innovations in applications across diverse industries.
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Companies Covered
(Covid 19 Impact Covered)
◍ BASF SE
◍ Chang Chun Group
◍ DCC
◍ HYOSUNG
◍ INVISTA
◍ KOREA PTG
◍ Mitsubishi Chemical Corporation
◍ Shanxi Sanwei Group Co., Ltd
The Polytetramethylene Glycol (PTG) market features key players like BASF SE, Chang Chun Group, DCC, HYOSUNG, INVISTA, KOREA PTG, Mitsubishi Chemical Corporation, and Shanxi Sanwei Group. These companies innovate and expand applications in polyurethanes and elastomers, driving growth in the PTG market. Sales figures: BASF: ~$2 billion; INVISTA: ~$1 billion.
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Market Segmentation
By Application
◍ Automotive
By Product
◍ Copolyester-Ether Elastomers ◍ Others ◍ Paints and Coatings
◍ Spandex (polyurethane) Fibers
◍ Polyurethane Elastomers
◍ Textiles ◍ Others
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Market Growth
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$ X Billion USD
