The global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex market stood at a value of around USD 19.72 billion in 2023. The market is further expected to grow at a CAGR of 7% during the forecast period of 2024-2032.
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The global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex industry is being driven by the products’ increasing demand in the production of elastic fibres such as spandex (elastane), required for stretchable fabrics, and for polyurethane resins. PTMEG is used to produce polyurethanes of high quality with enhanced features such as hydrolysis and microbes, excellent performance at low temperatures, and high resistance to abrasion and physical wear. To produce PTMEG, the drug formulations with 1, 4-butanediol (BDO) is increasingly being used and adopted. With the implementation of many legislative policies and actions concerning the safe execution of BDO, the demand for the product is steadily increasing.
Polytetramethylene ether glycol (PTMEG) or polytetramethylene oxide (PTMO) is a linear polymer derived via acid-catalysed polymerisation of tetrahydrofuran (THF). It is primarily used to make elastomeric polyurethane fibres such as spandex. PTMEG can be considered a polymer of tetrahydrofuran, or a polyether derived from 1,4-butanediol as THF is produced via the acid-catalysed dehydration of 1,4-butanediol (BDO), which is one of the most widely used industrial process for THF’s production. The global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG), and spandex industry can be segmented into product type and region.
Based on its product type, the global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex market is segmented into:
Looks into the regional markets of 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex like:
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Increasing sports activities and the rising awareness regarding fitness and healthy lifestyles are expected to drive the growth of the global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex industry. Due to the growing population in the Asia Pacific, the region is expected to emerge as a significant market for the product, further enhancing the overall development of 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex industry. Further, the industry is also supported by the increased demand for sustainable and bio-based feedstocks, thriving textile and apparel industry, rising disposable income, and growing end-use sectors for the products.
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The report gives a detailed analysis of the following key players in the global market for 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex market reached a value of USD 19.72 billion in 2023.
The market is projected to grow at a CAGR of nearly 7% in the forecast period of 2024-2032.
The major drivers of the industry include the rapidly growing population, thriving textile and apparel industry, rising disposable income, growing end-use sectors for the products, rising sports activities, and the rising awareness regarding fitness and healthy lifestyles.
The rising demand for sustainable and bio-based feedstocks is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The dominant product types in the industry include BDO, PTMEG, and spandex.
The leading players in the market are Mitsui Chemicals, Inc., BASF SE, Saudi International Petrochemical Company, DuPont de Nemours, Inc., Ashland Global Specialty Chemicals Inc., LyondellBasell Industries N.V., and BioAmber Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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