Polyoxy Tetramethylene Glycol Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End User Industry (Automotive, Adhesives and Sealants, Textile, Electrical and Electronics, Medical Industry, Others), By Region and Competition 2018-2028

  • Industry : Chemicals
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

1.05 million tonnes

CAGR (2023-2028)

4.87%

Fastest Growing Segment

Textile

Largest Market

Asia Pacific

 

Market Overview

Global Polyoxy Tetramethylene Glycol Market has valued at 1.05 million tonnes in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.87% through 2028. One of the key drivers of the impressive growth in the PTMG (Polytetramethylene Glycol) market is the ever-increasing demand from the automotive industry. PTMG plays a vital role in the production of polyurethane products, which are widely used in vehicles due to their exceptional durability and resistance to temperature variations.

Moreover, another factor contributing significantly to the growth of the PTMG market is the rising interest in bio-based alternatives to traditional petroleum-based products. In response to the global call for sustainability, governments and industries across the globe are actively seeking more environmentally friendly solutions. This has resulted in a surge in demand for bio-based PTMG, further propelling the market's expansion.

While the PTMG market is currently dominated by key players such as BASF and DCC, who collectively hold approximately 45% of the global market share, new players are also entering the arena, fostering healthy competition, and driving innovation.

Furthermore, the Asia-Pacific region is emerging as a significant player in the PTMG market. With increased industrial development and supportive government initiatives, the region is experiencing steady growth in the chemical industry, contributing to the overall expansion of the PTMG market.

Despite the promising trends, the market does face challenges. The price volatility of raw materials remains a concern, impacting the profitability of PTMG production. Additionally, environmental concerns related to PTMG production necessitate the adoption of sustainable practices to ensure the long-term growth of the market.

In conclusion, the global PTMG market is on a robust upward trajectory, fueled by the growing demand from key industries and the shift towards more sustainable, bio-based products. As the market continues to evolve, it presents ample opportunities for innovation and growth, making it an exciting sector to watch.

Key Market Drivers

Growing Demand of Polyoxy Tetramethylene Glycol from Automotive Industry

PTMG (Polyoxytetramethylene Glycol) plays a crucial role in the production of PTMEG-based polyurethane products, which find extensive usage in the automotive industry. With its exceptional properties such as durability, flexibility, and resistance to temperature variations, polyurethane has become an ideal material for various automotive components, including seats, interiors, and suspension bushings.

The expanding market for PTMG is fostering innovation and research in its applications, leading to the development of new manufacturing processes and end-products. This continuous pursuit of improvement is not only driving market growth but also enabling the automotive industry to explore new possibilities with PTMG.

Looking ahead, the future of the PTMG market appears promising, primarily due to the growing demand from the automotive industry. As automakers continue to prioritize materials that offer durability, flexibility, and efficiency, the demand for PTMG and its derivatives is expected to rise further. This presents ample opportunities for manufacturers and innovators to capitalize on this upward trend and develop innovative solutions that meet the evolving needs of the automotive sector.

However, it is important to address potential challenges that may hinder sustainable growth in the market. These challenges include price volatility of raw materials used in PTMG production and environmental concerns associated with its manufacturing process. By proactively addressing these issues, the PTMG market can ensure long-term sustainability and continued growth.

In conclusion, the growing demand for Polyoxytetramethylene Glycol in the automotive industry serves as a significant driver of the global PTMG market. As advancements in the automotive industry continue to shape the market landscape, this trend is expected to persist, offering numerous opportunities for growth and innovation in the PTMG market. By staying at the forefront of research and development, industry players can leverage this demand and contribute to the success of the PTMG market in the years to come.

Growing Demand of Polyoxy Tetramethylene Glycol from Medical Industry

Polytetramethylene glycol (PTMG) plays a crucial role in the production of PTMEG-based polyurethane products, making it an essential component in various industries. In the medical field, PTMG's exceptional durability, flexibility, and resistance to temperature variations have led to its wide application.

Within healthcare, PTMG-based products are extensively utilized in the manufacturing of medical devices, surgical equipment, and wearable health monitoring devices. These products have proven to be reliable and efficient in improving patient care and outcomes.

The global healthcare standards are continuously evolving, creating an increased demand for PTMG. As the world faces numerous health challenges, the necessity for advanced medical equipment and devices has surged, thus driving the growth of the PTMG market.

Furthermore, ongoing technological advancements in the medical sector have opened up new possibilities for the utilization of PTMG. The trend towards miniaturization of medical devices and the growing demand for biocompatible materials have further fueled the expansion of the PTMG market.

Despite the promising growth prospects, the PTMG market encounters challenges such as price volatility of raw materials and environmental concerns associated with its production. Addressing these issues is paramount to ensure the sustainable growth of the market.

In conclusion, the rising demand for Polyoxytetramethylene Glycol in the medical industry stands as a significant driver of the global PTMG market. As the medical industry continues to advance and evolve, the demand for PTMG is expected to witness continuous growth, presenting ample opportunities for innovation and expansion within the PTMG market.


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Key Market Challenges

Volatility in Price of Raw Materials

PTMG's production heavily relies on petrochemicals, specifically on the extraction and refining of petroleum-based feedstocks. These petrochemicals, including ethylene and propylene, are essential for the synthesis of PTMG. However, the petrochemical industry is notorious for its price volatility, which can be attributed to various factors.

One major factor contributing to price fluctuations is supply disruptions. Petrochemical plants can experience unexpected shutdowns due to equipment failures, maintenance activities, or natural disasters. These disruptions can lead to a temporary reduction in the availability of petrochemical feedstocks, causing prices to spike.

Geopolitical tensions also play a significant role in petrochemical price volatility. Political conflicts and trade disputes between major oil-producing countries can disrupt the global supply chain, affecting the availability and cost of petrochemicals.

Changes in government policies can further contribute to price volatility. Regulations related to environmental standards, trade agreements, or taxation can impact the petrochemical industry, influencing production costs and ultimately affecting the prices of PTMG.

Additionally, shifts in global demand can influence petrochemical prices. Increased demand from emerging economies or changes in consumer preferences can create imbalances in supply and demand, leading to price fluctuations.

The fluctuating raw material prices pose challenges for PTMG manufacturers in predicting production costs. The uncertainty surrounding petrochemical prices can impact profitability and hamper strategic planning. Abrupt changes in raw material prices can also disrupt the supply chain, affecting the timely production and delivery of PTMG.

As raw material prices increase, manufacturers may face pressure to absorb the additional costs to remain competitive, impacting their profit margins. This can have implications on the financial health of the companies and their ability to invest in research and development or capacity expansion.

Moreover, price volatility can influence investment decisions within the industry. Uncertainty in petrochemical prices may deter companies from making long-term commitments, such as capacity expansion or the adoption of new technologies. This can potentially stifle growth and innovation within the PTMG sector.

Considering the complex dynamics of the petrochemical market, PTMG manufacturers need to closely monitor and adapt to fluctuations in raw material prices to ensure sustainable operations and profitability.

Key Market Trends

Increasing Demand in Polyurethane Production

Polyurethane products are not only integral but also indispensable to numerous industries, including automotive, construction, and textiles. These versatile products find applications in various sectors, contributing to their overall performance and durability.

In the automotive industry, for instance, PTMG-based polyurethane products have gained immense popularity due to their exceptional durability and resistance to temperature variations. They are extensively used in various car components, enhancing the vehicle's overall performance and reliability.

Similarly, the construction sector heavily relies on polyurethane products for their excellent insulation properties and structural integrity. With the increasing demand for housing, particularly in suburban cities, the PTMG market is predicted to witness significant growth in the coming years.

Moreover, the textile industry is experiencing a shift towards stretchy sportswear and other flexible textiles. This trend has further bolstered the demand for PTMG as it provides the necessary flexibility and performance characteristics required in such materials.

The surge in demand for polyurethane foam, especially in the United States and China, is also driving the PTMG market. This versatile foam is widely used in various applications such as packaging, insulation, and bedding, among others, highlighting its wide-ranging use and versatility.

However, manufacturers in the industry must also navigate challenges such as raw material price volatility and environmental concerns related to PTMG production. Finding sustainable solutions and optimizing production processes will be crucial in addressing these challenges.

In conclusion, the increasing demand for polyurethane production is a significant trend propelling the global PTMG market. As industries continue to recognize and harness the benefits of PTMG-based polyurethane products, the market is poised to experience sustained growth. With ongoing advancements and innovations, the future of PTMG and its applications looks promising.

Segmental Insights

Sales Channel Insights

Based on the category of sales channel, the indirect segment emerged as the dominant player in the global market for Polyoxy Tetramethylene Glycol in 2022. Indirect channels play a crucial role in helping manufacturers expand their reach and tap into a wider audience. Distributors and wholesalers possess extensive networks that enable them to supply PTMG to diverse industries, including automotive, textiles, and construction. By leveraging these indirect channels, manufacturers can not only increase their market presence but also benefit from reduced operational costs. These channels efficiently handle tasks such as transportation, storage, and customer service, allowing manufacturers to focus more on their core competency of production. This streamlined approach not only improves efficiency but also enhances overall profitability.

Additionally, indirect channels bring added value to manufacturers through their enhanced capabilities in providing effective customer service. With their expertise, they can efficiently handle inquiries, provide technical support, and manage after-sales services, resulting in improved customer satisfaction and loyalty. This personalized approach fosters strong relationships between manufacturers, distributors, and end consumers, ultimately driving long-term business growth and success.

By leveraging indirect channels, manufacturers can unlock a multitude of benefits, including expanded market reach, cost savings, and enhanced customer service. These advantages position PTMG manufacturers at a competitive edge in the market, allowing them to thrive and excel in today's dynamic business landscape.

End User Industry Insights

The textile segment is projected to experience rapid growth during the forecast period. PTMG (polytetramethylene glycol) is a vital and indispensable component in the production of spandex, a remarkable synthetic fiber renowned for its exceptional elasticity and stretchability. Spandex finds extensive application in a myriad of textile products, encompassing sportswear, swimwear, hosiery, and upholstery fabrics. As consumer preferences continue to gravitate towards comfortable and flexible clothing, the demand for stretch fabrics has witnessed a significant upsurge, leading to a corresponding surge in the demand for PTMG.

In addition to shifting consumer preferences, the dominance of the textile sector in the PTMG market can also be attributed to the emergence of economies, particularly in the Asia-Pacific region. Factors such as rapid urbanization, the rise in disposable income, and evolving fashion trends have fueled remarkable growth in the textile industry within these regions. Consequently, this growth has directly impacted the demand for PTMG, given its integral role in textile production.

The versatile properties of PTMG, combined with the ever-evolving fashion landscape and the increasing demand for comfortable clothing, highlight the importance of this essential component in the thriving textile industry.


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Regional Insights

Asia Pacific emerged as the dominant player in the Global Polyoxy Tetramethylene Glycol Market in 2022, holding the largest market share in terms of both value and volume. Industries such as automotive, textile, and construction are experiencing tremendous growth in the Asia-Pacific region. These sectors heavily rely on Polytrimethylene Terephthalate Glycol (PTMG) for producing various products, driving the demand for this versatile chemical compound. PTMG, a type of polyester polyol, is widely used in manufacturing processes due to its excellent properties, including high thermal stability and exceptional mechanical strength.

Asia-Pacific is not only the largest producer of textiles globally but also a hub for innovation in the textile industry. Textiles, ranging from everyday clothing to high-performance sportswear, require PTMG for the production of spandex. This elastic fiber is known for its exceptional stretch and recovery properties, making it ideal for applications that require flexibility and comfort. The growing textile industry in the Asia-Pacific region directly influences the demand for PTMG, as manufacturers strive to meet the evolving needs of the market.

The automotive sector in the Asia-Pacific region, particularly in countries like China, Japan, and India, is witnessing rapid expansion. As consumer preferences shift towards more fuel-efficient and sustainable vehicles, the demand for lightweight materials in automotive manufacturing is increasing. PTMG plays a crucial role in making high-performance polyurethane, which is integral to various car components such as seat cushions, bumpers, and interior trim. The Asia-Pacific region, with its strong manufacturing capabilities and infrastructure, is at the forefront of this automotive revolution. Countries like China, known for their advanced chemical production facilities, are major contributors to the production of PTMG, further solidifying the region's dominance in the market.

Recent Developments

  • In 2023, BASF, a leading chemical company, and Braskem, a major player in the petrochemical industry, excitingly announce their collaboration. This strategic partnership aims to develop cutting-edge PTMEG-based elastomers, which are highly versatile materials known for their exceptional properties, for use in a wide range of demanding applications in the automotive and industrial sectors. This innovative collaboration promises to bring forth new possibilities and advancements, revolutionizing the field and meeting the evolving needs of various industries.

Key Market Players

  • BASF SE.
  • Lanxess AG
  • Mitsubishi Chemical Corporation
  • Sinopec Corporation
  • Shandong Ruyi Investment Holding
  • Perstorp AB

 By Sales Channel

By End User Industry

By Region
  • Direct
  • Indirect
  • Automotive
  • Adhesives and Sealants
  • Textile
  • Electrical and Electronics
  • Medical Industry
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa
Report Scope:

In this report, the Global Polyoxy Tetramethylene Glycol Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Polyoxy Tetramethylene Glycol Market, By Sales Channel:

o   Direct

o   Indirect

  • Polyoxy Tetramethylene Glycol Market, By End User Industry:

o   Automotive

o   Adhesives and Sealants

o   Textile

o   Electrical and Electronics

o   Medical Industry

o   Others

  • Polyoxy Tetramethylene Glycol Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Polyoxy Tetramethylene Glycol Market.

Available Customizations:

Global Polyoxy Tetramethylene Glycol Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Polyoxy Tetramethylene Glycol Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Applications

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Global Polyoxy Tetramethylene Glycol Market

5.    Voice of Customer

6.    Global Polyoxy Tetramethylene Glycol Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Sales Channel (Direct, Indirect)

6.2.2.    By End user Industry (Automotive, Adhesives and Sealants, Textile, Electrical and Electronics, Medical Industry, Others)

6.2.3.    By Region

6.2.4.    By Company (2022)

6.3.  Market Map

7.    Asia Pacific Polyoxy Tetramethylene Glycol Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Sales Channel

7.2.2.    By End user Industry

7.2.3.    By Country

7.3.  Asia Pacific: Country Analysis

7.3.1.    China Polyoxy Tetramethylene Glycol Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value & Volume

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Sales Channel

7.3.1.2.2.           By End user Industry

7.3.2.    India Polyoxy Tetramethylene Glycol Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value & Volume

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Sales Channel

7.3.2.2.2.           By End user Industry

7.3.3.    Australia Polyoxy Tetramethylene Glycol Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value & Volume

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Sales Channel

7.3.3.2.2.           By End user Industry

7.3.4.    Japan Polyoxy Tetramethylene Glycol Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value & Volume

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Sales Channel

7.3.4.2.2.           By End user Industry

7.3.5.    South Korea Polyoxy Tetramethylene Glycol Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value & Volume

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Sales Channel

7.3.5.2.2.           By End user Industry

8.    Europe Polyoxy Tetramethylene Glycol Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Sales Channel

8.2.2.    By End user Industry

8.2.3.    By Country

8.3.  Europe: Country Analysis

8.3.1.    France Polyoxy Tetramethylene Glycol Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value & Volume

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Sales Channel

8.3.1.2.2.           By End user Industry

8.3.2.    Germany Polyoxy Tetramethylene Glycol Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value & Volume

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Sales Channel

8.3.2.2.2.           By End user Industry

8.3.3.    Spain Polyoxy Tetramethylene Glycol Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value & Volume

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Sales Channel

8.3.3.2.2.           By End user Industry

8.3.4.    Italy Polyoxy Tetramethylene Glycol Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value & Volume

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Sales Channel

8.3.4.2.2.           By End user Industry

8.3.5.    United Kingdom Polyoxy Tetramethylene Glycol Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value & Volume

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Sales Channel

8.3.5.2.2.           By End user Industry

8.3.5.2.3.           B

9.    North America Polyoxy Tetramethylene Glycol Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Sales Channel

9.2.2.    By End user Industry

9.2.3.    By Country

9.3.  North America: Country Analysis

9.3.1.    United States Polyoxy Tetramethylene Glycol Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value & Volume

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Sales Channel

9.3.1.2.2.           By End user Industry

9.3.2.    Mexico Polyoxy Tetramethylene Glycol Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value & Volume

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Sales Channel

9.3.2.2.2.           By End user Industry

9.3.3.    Canada Polyoxy Tetramethylene Glycol Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value & Volume

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Sales Channel

9.3.3.2.2.           By End user Industry

10. South America Polyoxy Tetramethylene Glycol Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Sales Channel

10.2.2. By End user Industry

10.2.3. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Polyoxy Tetramethylene Glycol Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value & Volume

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Sales Channel

10.3.1.2.2.         By End user Industry

10.3.2. Argentina Polyoxy Tetramethylene Glycol Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value & Volume

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Sales Channel

10.3.2.2.2.         By End user Industry

10.3.3. Colombia Polyoxy Tetramethylene Glycol Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value & Volume

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Sales Channel

10.3.3.2.2.         By End user Industry

11. Middle East and Africa Polyoxy Tetramethylene Glycol Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value & Volume

11.2.             Market Share & Forecast

11.2.1. By Sales Channel

11.2.2. By End user Industry

11.2.3. By Country

11.3.             MEA: Country Analysis

11.3.1. South Africa Polyoxy Tetramethylene Glycol Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value & Volume

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Sales Channel

11.3.1.2.2.         By End user Industry

11.3.2. Saudi Arabia Polyoxy Tetramethylene Glycol Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value & Volume

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Sales Channel

11.3.2.2.2.         By End user Industry

11.3.3. UAE Polyoxy Tetramethylene Glycol Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value & Volume

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Sales Channel

11.3.3.2.2.         By End user Industry

12. Market Dynamics

12.1.             Drivers

12.2.             Challenges

13. Market Trends & Developments

13.1.             Recent Developments

13.2.             Product Launches

13.3.             Mergers & Acquisitions

14. Global Polyoxy Tetramethylene Glycol Market: SWOT Analysis

15. Porter’s Five Forces Analysis

15.1.             Competition in the Industry

15.2.             Potential of New Entrants

15.3.             Power of Suppliers

15.4.             Power of Customers

15.5.             Threat of Substitute Product

16. PESTLE Analysis

17. Pricing Analysis

18. Competitive Landscape

18.1.             BASF SE.

18.1.1. Business Overview

18.1.2. Company Snapshot

18.1.3. Products & Services

18.1.4. Financials (As Reported)

18.1.5. Recent Developments

18.1.6. SWOT Analysis

18.2.             Lanxess AG

18.3.             Mitsubishi Chemical Corporation

18.4.             Sinopec Corporation

18.5.             Shandong Ruyi Investment Holding

18.6.             Perstorp AB

19. Strategic Recommendations

20. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Polyoxy Tetramethylene Glycol Market was estimated to be 1.05 million tonnes in 2022.

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The indirect segment demonstrated significant dominance in 2022. Indirect channels often use intermediaries like distributors, wholesalers, and retailers to bring products closer to end-users.

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Asia Pacific dominated the market with a revenue share in 2022. Several factors contribute to this dominance, including strong industry growth and regional manufacturing capabilities.

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Growing demand of polyoxy tetramethylene glycol in automotive and medical industries are the major drivers for the Global Polyoxy Tetramethylene Glycol Market.

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Sakshi Bajaal

Business Consultant
Press Release

Polyoxy Tetramethylene Glycol Market to Grow with a CAGR of 4.87% through 2028

Oct, 2023

Growth in research and development activities are expected to drive the Global Polyoxy Tetramethylene Glycol Market growth in the forecast period, 2024-2028

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