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BDO-PTMEG-Spandex Market to Grow at 5.0% CAGR by 2024 | Hexa Research

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BDO-PTMEG-Spandex Market to Grow at 5.0% CAGR by 2024 | Hexa Research

April 08
19:07 2019
BDO-PTMEG-Spandex Market to Grow at 5.0% CAGR by 2024 | Hexa Research

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Research Report on BDO-PTMEG-Spandex Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2016 To 2024

08 April 2019, The 1, 4-butanediol (BDO) market stood around USD 4.1 billion in 2014. BDO is growingly used in drug formulations. The worldwide BDO-PTMEG-Spandex Market witnesses regulation from several agencies, with either financial or environmental guidelines. BDO has attracted many legislative policies & actions regarding its safe adoption. 

THF is a key BDO derivative. It experiences catalyzed polymerization to produce polytetramethylene ether glycol (PTMEG). PTMEG refers to a wax-like white solid. It finds applications in the production of polymers like urethane elastomers, polyamides, polymaides, etc. However, one of the key PTMEG uses is the production of elastene/spandex/lycra fiber. 

The PTMEG market garnered about USD 2.7 billion in 2014. With regards to value chain, BDO is a key raw material in the production of elastene, with PTMEG as the transitional chemical. Globally, spandex produced about USD 2.1 billion in 2014, with China grabbing nearly 30% volumes that year. 

Chief governmental policymakers controlling market dynamics are EPA, FDA, REACH, European Commission, and ECHA. The BDO-PTMEG-Spandex market is classified as per applications and regions. BDO applications comprise polyurethanes, tetrahydrofuran (THF) and gamma-butyrolactone (GBL), among some others. 

Browse Details of Report @ https://www.hexaresearch.com/research-report/butanediol-polytetramethylene-ether-glycol-spandex-market 

THF was the biggest BDO segment in 2014. It occupied nearly half of the total volumes the same year. Urethanes, spandex, and copolysters eslatomers (COPE) are the applications of PTMEG. Spandex dominated the PTMEG market in 2014, with over 75% of the global incomes. Textiles were the leading end-user of elastene in 2014. 

‘Medical & hygiene’ followed textiles that year. Augmenting hygiene & safety standards across healthcare amenities should complement this segment in the near future. Regions wise, the market is divided into Asia Pacific, North America, Europe, and Central & South America. 

In 2014, North America contributed 11.6%, 17%, and 11.3% of the overall PTMEG, BDO, and spandex volumes respectively. The region is marked by adherent policies on human health & ecology. Asia Pacific dominated the market in 2014 regarding the largest sales & consumer base. 

Key companies in the global BDO-PTMEG-Spandex market consist of Invista, Dairen Chemicals, DuPont, BASF, and Ashland. Market earnings are shared by highly integrated firms. By placing themselves through the value chain, these firms meet the requirements of different end-users and application segments. 

Browse Related Category Reports @

Glycerol MarketThe global glycerol market is expected to grow at a CAGR of above 6% over the forecast period of 2016 to 2024. Glycerol is a natural, sweet-tasting thick colorless liquid considered a base product which has diverse applications 

Bioadhesives MarketThe global bioadhesives market surpassed 750 kilo tons in 2015. It is estimated to reach nearly 2.5 million tons by 2024 from 2 million tons in 2023 

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

More Information Visit @ www.hexaresearch.com

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