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Polytetramethylene Ether Glycol (PTMEG) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22603
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Polytetramethylene Ether Glycol (PTMEG) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Polytetramethylene Ether Glycol (PTMEG) | Petrochemicals | USA | 2810 USD/MT |
| Polytetramethylene Ether Glycol (PTMEG) | Petrochemicals | Germany | 2615 USD/MT |
| Polytetramethylene Ether Glycol (PTMEG) | Petrochemicals | South Korea | 2450 USD/MT |
The demand for PTMEG in the USA has decreased due to decreased spending, particularly in the textiles and construction industries. This, along with higher prices and elevated mortgage rates becoming unaffordable for buyers, has led to a consistent drop in the price of PTMEG in the US. As of December, PTMEG prices in the USA reached USD 2810/MT.
The German chemicals industry is facing challenges with a significant year-on-year decline in production due to an excess of inventories in the domestic market. This has resulted in oversupply, downward pressure on prices, and reduced production costs of PTMEG due to decreased crude oil and feedstock tetrahydrofuran procurement. As of December, PTMEG prices in Germany were assessed at USD 2615/MT.
The Korean construction industry is facing challenges due to the high cost of construction materials and services. According to the Construction Association of Korea and the Construction & Economy Research Institute of Korea, the industry is expected to decline in value in 2023. Limited inquiries suggest that the price of PTMEG in South Korea has reached 2450 USD/MT.
Polytetramethylene Ether Glycol (PTMEG) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Polytetramethylene Ether Glycol (PTMEG) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polytetramethylene ether glycol (PTMEG) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of polytetramethylene ether glycol (PTMEG) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polytetramethylene ether glycol (PTMEG) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing polytetramethylene ether glycol (PTMEG) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Polytetramethylene Ether Glycol (PTMEG) Market Analysis
The global polytetramethylene ether glycol (PTMEG) market size reached US$ 4.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 8.4 Billion, at a projected CAGR of 6.50% during 2023-2032.
- The global textile industry’s gradual shift towards stretchable and comfortable fabrics significantly drives the demand for polytetramethylene ether glycol (PTMEG), which is a key component in producing spandex (elastane) fibers. As consumers nowadays prefer flexible, form fitting apparel like sportswear, activewear, and casual wear the need for PTMEG increases. These fibers are important in delivering the elasticity and durability desired by various modern governments. The rise in popularity of fitness and culture and an increase in emphasis on laser and comfort and clothing styles further fuels the expansion of the spandex market thereby boosting the PTMEG production to meet the growing demand.
- The growing automotive industry nowadays is mainly focused on the production of lightweight vehicles and environmental sustainability which drives the demand for materials like polytetramethylene ether glycol. It is utilized in the production of lightweight and durable components that are essential for modern vehicles. According to a report by the Department of Energy, replacing heavy materials with lightweight ones such as carbon fiber, and polymer composites can reduce a vehicle's weight by up to 50%. This can result in a 6%-8% fuel economy improvement. Using lightweight components and high-efficiency engines in one-quarter of the U.S. fleet by 2030 could save more than 5 billion gallons of fuel annually. The growing demand for lightweight vehicles and growing sustainability concerns are driving the market growth for materials like polytetramethylene ether glycol further across the world.
- Advancements in industrial applications significantly boost the usage of polytetramethylene ether glycol (PTMEG) polymer. This polymer is known for its superior mechanical properties such as elasticity and tear resistance these characteristics make them ideal for high-stress applications in various industries including the manufacturing of industrial wheels tires, belts, and other mechanical rubber goods. As global industrialization and manufacturing activities are growing the demand for durable and efficient materials like PTMEG-based polyurethanes is on the rise hence driving its market growth.
Polytetramethylene Ether Glycol (PTMEG) News
The report covers the latest developments, updates, and trends impacting the global polytetramethylene ether glycol (PTMEG) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polytetramethylene ether glycol (PTMEG) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polytetramethylene ether glycol (PTMEG) price trend.
Latest developments in the polytetramethylene ether glycol (PTMEG) industry:
- In 2024, Hyosung Group established a new holding company Hyosung New Holdings to oversee the key subsidiaries like as Hyosung TNC, Hyosung Heavy Industries, Hyosung Chemical, and Hyosung TNS while existing holding company Hyosung will focus on responsible management and enhancing the shareholder value. The new holding company will have a revenue scale of around 7 trillion won which is around US$5.25 billion and a global network spanning over 90 locations.
- In 2023, LyondellBasell a global leader in chemical industry expands its distribution network with a new hobby in united kingdoms for improved customer experience which enables shorter lead times and enhancing services. This hub is strategically located at Middlesbrough which ensures its optimized distribution answer delivery and the result of collaborative effort with logistic expert Bertschi.
Product Description
Polytetramethylene ether glycol (PTMEG) refers to a high-performance polymer that is widely used in the chemical industry due to its superior properties and versatility. Polytetramethylene ether glycol is synthesized through the polymerization process of tetrahydrofuran which results in a polyether glycol with excellent flexibility, resilience, and hydrolytic stability. PTMEG is particularly known for its ability to impart superior elastomeric properties when used as a soft segment in polyurethanes which makes it a critical component production of spandex fibers that is extensively used in textiles to provide stretchability and comfort. PTMEG is also used in the manufacturing of cast elastomer thermoplastic polyurethane, and coatings where its attributes such as low-temperature performance, registrants to a brazen, and durability are essential.
Regional Coverage
The report provides a detailed analysis of the polytetramethylene ether glycol (PTMEG) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polytetramethylene ether glycol (PTMEG) price trend.
Global Polytetramethylene Ether Glycol (PTMEG) Price
The report offers a holistic view of the global polytetramethylene ether glycol (PTMEG) pricing trends in the form of polytetramethylene ether glycol (PTMEG) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of polytetramethylene ether glycol (PTMEG) but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polytetramethylene ether glycol (PTMEG) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Polytetramethylene Ether Glycol (PTMEG) Price
The PTMEG market in Europe experienced a decline in the fourth quarter of 2023 because of weak support from tetrahydrofuran feedstock and subdued downstream demand. The downstream textile industry witnessed a significant decline in exports from the Asian market. This slowdown was mainly influenced by suppressed demands and the impact of inflation on European clothing consumption. The excess of inventories in the domestic market resulted in over-supply, further exerting the downward pressure on the prices.
This analysis can be extended to include detailed polytetramethylene ether glycol (PTMEG) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Polytetramethylene Ether Glycol (PTMEG) Price
In the Q4 of 2023 the United States market for PTMEG experienced a decline because of weak support from the feedstock tetrahydrofuran and subdued downstream demand. This drop was further affected by the falling crude oil and natural gas prices which have been consistently decreasing alleviating the financial strain on PMG. The price of PTMEG has been constantly dropping in the US.
Specific polytetramethylene ether glycol (PTMEG) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Polytetramethylene Ether Glycol (PTMEG) Price
The report explores the polytetramethylene ether glycol (PTMEG) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on polytetramethylene ether glycol (PTMEG) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Polytetramethylene Ether Glycol (PTMEG) Price
In Q4FY23, prices of polytetramethylene ether glycol (PTMEG) in the APAC market declined due to weak support from the feedstock tetrahydrofuran and subdued downstream demand. Reduced demand from importing nations and downstream construction industries resulted in a month-on-month decrease in sales. The Korean construction industry faced challenges due to the rising cost of construction materials and services, leading to limited inquiries from various suppliers and a decline in the price of PTMEG in South Korea.
This polytetramethylene ether glycol (PTMEG) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Polytetramethylene Ether Glycol (PTMEG) Price
The analysis of polytetramethylene ether glycol (PTMEG) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Polytetramethylene Ether Glycol (PTMEG) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Polytetramethylene Ether Glycol (PTMEG) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of polytetramethylene ether glycol (PTMEG) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting polytetramethylene ether glycol (PTMEG) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polytetramethylene ether glycol (PTMEG) price charts ensure our clients remain at the forefront of the industry.
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