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Polytetramethylene Ether Glycol Market Share

Report ID: GMI3862
Published Date: Nov 2024
Report Format: PDF

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Polytetramethylene Ether Glycol Market Share

Global Polytetramethylene Ether Glycol Market Company Share, (2024)

The market is competitive, with major global players like BASF, DuPont, and LyondellBasell Industries leading in production and technology. BASF and DuPont are known for creating sustainable, high-performance PTMEG solutions for textiles, automotive, and medical industries. Dairen Chemical Corporation, Hyosung, and Invista are increasing their production to meet the rising demand for spandex and thermoplastic elastomers.

Formosa Asahi Spandex and Korea PTG specialize in PTMEG for fibers and elastomers. Mitsubishi Chemical Corporation and LyondellBasell focus on sustainability within their broad chemical portfolios, including PTMEG. Regional companies like Jianfeng Chemical, Sanlong New Materials, and Sichuan Lutianhua focus on cost-effective production and are investing in eco-friendly alternatives to meet global sustainability goals.

Polytetramethylene Ether Glycol Market Companies

Major players operating in the polytetramethylene ether glycol industry are:

BASF
Dairen Chemical Corporation
Dupont
Formosa Asahi Spandex
Hyosung
Invista
Jianfeng Chemical
Korea PTG
LyondellBasell Industries
Mitsubishi Chemical Corporation
Sanlong New Materials
Sipchem
Sichuan Lutianhua
Shanxi Sanwei Group
Shanxi Shanhua

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global polytetramethylene ether glycol industry was valued at USD 2.7 billion in 2024 and is estimated to grow at a CAGR of over 8.1% from 2025 to 2034, driven by its crucial role in producing thermoplastic urethane elastomers.

The spandex segment was valued at USD 1.9 billion in 2024 and is anticipated to expand at an 8.4% CAGR during 2025-2034, fueled by the rising demand for high-performance fabrics in activewear, sports apparel, and medical textiles.

The U.S. market was valued at USD 350.6 million in 2024 and is expected to grow at a 7.9% CAGR, supported by a strong chemical manufacturing infrastructure and significant R&D investments.

Key players in the industry include BASF, Dairen Chemical Corporation, Dupont, Formosa Asahi Spandex, Hyosung, Invista, Jianfeng Chemical, Korea PTG, LyondellBasell Industries, Mitsubishi Chemical Corporation, and Sanlong New Materials.