1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market (By Application: Gamma-Butyrolactone (GBT), Reaction Turbin, Polybutylene Terephthalate (PBT), Tetrahydrofuran (THF), Polyurethane (PU), Others; By Application: Spandex, Urethanes, Co-polyester-Ether Elastomers (COPE), Others; By Application: Textiles, Automotive Interiors, Medical & Hygiene, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 190

The global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex market is expected to grow at notable CAGR over 7.6% during the forecast period and reach around US$ 17.5 billion by 2026.

The chemical, which mainly uses polyside, GBL, polybutylene terepthalate, tetrahydrofuran, and solvent in the production of a few of the other downstream chemicals, is 1,4-butanediol, polytethylene Ether Glycol (PTMEG) and Spandex (BDO). The product is gradually being used in medicinal preparations which have been fascinated by several legislation and measures concerning the secure use of the chemical. Applications of butanediol (BDO) include plastics, cosmetics, pesticides, hardener, fiber, artificial leather, plasticizers and medications.

The report provides analysis of global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Market Insights

The growing demand for improved quality stretch fabrics is projected to drive development across different textural apps. The development is expected to continue with the growing amount of sports and the knowledge of fitness and healthy lifestyles. In Asia-Pacific, the market will continue to grow rapidly because of the population explosion, increased availability revenues and developing end-use sectors. The application industry in the United States represented Tetrahydrofuran (THF) with the biggest market share in 2017 of 50.17% and its dominance over the projected period is expected to continue. The reason is that extremely qualified employees, sophisticated technology and processing, infrastructural development and an growing amount of research and development operations are available in the area. On the other side, it is estimated that the PBT industry will develop as rapidly as a healthy CAGR in the next era.

In addition, the government's initiative to support U.S. companies, the Manufacturing Extension Partnership (MEP), with individual tailor made facilities, is expected to make an important contribution to the development of the 1,4-butanediol market by enabling industry to boost productivity, economical competitiveness and the capacities of technology. Moreover, coal production of BDO will probably alter the dynamics of the economy over the next few years. In the latest technological tendency to increase market growth, development of new spandex products, including a flat-stretched curve, a good denier and 3D Lycra are projected to increase market growth. In addition, regulatory policies for the prevention of dangerous and carcinogenic products, such as 1,4 BDO and GBL, are expected to challenge market growth over the predicted era to produce PTMEG and Spandex. A principal derivative of 1,4-butanediol THF undergoes catalyzed polymerization for polytetramethylene ether (PTMEG) production. The product is a white wax solid that is also used in materials like polyesters, urethane elastomers, TPUs, polyamides and COPE. One of PTMEG's most important uses, however, is the production of lycra / elasthene / spandex fiber, used in various end uses ranging from automotive to textile interiors.

Based on BDO apps such as tetrahydrofuran (THF), polybutylene terephthalate (PBT), gamma-butyrolactone (GBL), and polyurethane (PU), the 1,4-butanediol (BDO), polytetramethylene ether glycol (PPTMEG) and spandex is segmented. Over the last few years, THF has developed as a result of the increasing use of urethane elastomers and fibers in the production of PTMEG, a polymer widely used. In addition, it is a versatile, multi application solvent in fields such as adhesives, vinyl and cellophane, industrial resins, elastomers, coatings and printing inks. They are used solely for formulating PVC cements, and they are also used before joint formation as a PVC-type cleaner. The implementation industry for polyurethane (PU) is also expected to be small as a result of powerful industrial development in developing Asia-Pacific and Latin America, which has in turn broadened the scope of implementation of PU goods.

Spandex, Copolyester ether (COPE) and urethane are included in the PTMEG apps. Spandex is the biggest PTMEG application industry with a substantial expansion of CAGR in terms of income due to strong demand for flexible sports equipment and textiles manufacture.Due to their outstanding properties such as elevated elasticity and durability, as well as greater flexibility than rubber, these fibers is used solely. The demand for spandex over the forecast period is anticipated to drive higher health requirements due to innovative medical apps for wound dressing and protective clothing. The applications for Spandex include fabrics, sanitation and interior automobiles. Due to product innovation and the growth of nonwoven fabrics, the textiles industry accounted for the biggest market share in 2018 and it is expected to grow at significant CAGR over the period of prediction. In Germany, growing textiles and strong demand for spandex are projected to boost development in the medical and hygiene industries. Medical and hygiene is the fastest increasing industry and, due to increased demand by the healthcare industry, is expected to account for important market share during the forecast era.

Also popular in automotive interiors is Spandex as it is suitable for multiple automotive applications such as the production of fabrics in the door panel, which extend and stick to the door. These synthetic fibers are also used in the production of automotive window movies for solar control.

Regional Stance

Asia Pacific accounted for 2018 for the biggest market value and, due to the growing final-use sectors and accessibility of low cost labor, is expected to continue to prevail over the forecast period. As a result of rising consumption disposable income, China is projected to be the main user of 1,4 BDO, PTMEG, and Spandex markets.

In view of the growing exportations to North American and EU nations, Asia Pacific is anticipated to stay the biggest textile market. The development of the spandx market is expected to have positive implications over the forecast period for increased ability, modernization, and diversified textiles sector. North America and Europe will stay profitable to creative manufacturers who draw on bio-based resources to satisfy sustainable manufacturing requirements, despite being comparatively mature and saturated end of use markets.

It is estimated that Central and South America (CSA) is growing lucratively during the prediction era as a result of infrastructure development and increasing use of sophisticated technology. In addition, in the evolving CSA markets, market players have unused possibilities with customers becoming increasingly conscious of the advantages for the hobby, sport clothing and even medical textiles of spandex and other elastic fabric.

Challenges and Opportunities

The fluctuating raw material prices over the predicted era are estimated to hamper general development. The production of bio-organic raw materials, for example bio-succinic acid, creates fresh possibilities for development. For example, increased focus on green chemistry has motivated important players like Myriant, BioAmber and Genomatica to produce biological substitutes, which are estimated to have a positive effect on development for BDO derived from Sugars or Cellulosic Feed. Several organizations with laws and policies ranging from economic to environmental are responsible for the worldwide BDO-PTMEG-Spandex market. The key policymakers in regulating the dynamics of the sector include the United States. REACH, USA, EPA, REACH Environmental Protection Agency, the European Chemicals Agency (ECHA) and the European Commission have been named Food & Drug Administration (FDA).

Market Segmentation

Global 1,4-Butanediol (BDO) Market, By Application

  • Gamma-Butyrolactone (GBT)
  • Reaction Turbin
  • Polybutylene Terephthalate (PBT)
  • Tetrahydrofuran (THF)
  • Polyurethane (PU)
  • Others

Global Polytetramethylene Ether Glycol (PTMEG) Market, By Application

  • Spandex
  • Urethanes
  • Co-polyester-Ether Elastomers (COPE)
  • Others

Global Spandex Market, By Application

  • Textiles
  • Automotive Interiors
  • Medical & Hygiene
  • Others

Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, By Geography

  • North America.
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

The market research study on “1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex market segments with market dynamics and their impact. The report also covers basic technology development policies.

Key Players & Strategies

The 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex market consists of key vendors such as Mitsui Chemicals Inc.; DuPont; Ashland Inc.; Genomatica; Sipchem; Dairen Chemicals Corporation (DCC);Asahi Kasei Corp.; Indorama Synthetics; Toray Industries Inc.; The Dow Chemical Company; BASF SE; Lotte Chemical; LyondellBasell; Invista; BioAmber Inc. and Nan Ya Plastics.


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