Updated On May 15, 2024

By SaraNextGen

Polytetrahydrofuran Market Insights, Opportunity, Analysis, & Forecast 2020

The global polytetrahydrofuran market was valued at USD 2,649.3 Million in 2019 and is projected to reach USD 3,437.29 Million by 2027, expanding at a CAGR of 3.6% during the forecast period. Polytetrahydrofuran (PTMEG) is a type of polycol formed with the repeated material [–CH2 (CH2)3O–] from tetrahydrofuran (THF).

• Polytetrahydrofuran (PTMEG) are formed by the catalyst polymerization of tetrahydrofuran and are known as poly tetramethylene ether glycol or poly tetramethylene oxide. This is readily soluble in ketones, chlorinated hydrocarbons, insoluble in fatty hydrocarbons or liquid alcohols, aromatic, and esters. The solubility decreases as its molecular weight increases. PTMEG becomes white waxy solid at room temperature. Elastic fibers, such as elastane (spandex), which are employed for extendable fabrics and polyurethane resins are primary applications of polytetrahydrofuran. They are used in artificial leather manufacturing.

• The automobile industry is expected to be one of the rapidly growing industry in the near future, owing to the rise in the demand for the automobiles, across the world. Polytetrahydrofuran (PTMEG) are used in the manufacturing of seat covers and are also used for the coating the surfaces. The polytetrahydrofuran are elastic and resilient, which helps in retaining the shape of the seat covers. These are some of the factors, which has led to the rise in the adoption of the Polytetrahydrofuran (PTMEG) in the automobile industry. Materials such as Polytetrahydrofuran (PTMEG), acrylonitrile butadiene styrene (ABS), polystyrene, and polyethylene, are used as key materials in manufacturing of seat belts in the automobile industry.