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

The global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) & spandex market was calculated US$ 20.11 Bn in 2019 and is expected to reach 32.2 Bn by 2027, at a CAGR of 8.10% during a forecast period.   Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market To know about the Research Methodology :- Request Free Sample Report

global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) & spandex market Definition:

1,4-Butanediol (BDO), polytetramethylene ether glycol (PTMEG) is a black wax material which has ability to soften in ketone, easter and alcohol, chlorinated hydrocarbons and aromatic hydrocarbons and others. In presence of high temperature polyoxytetramethylene, becomes clear as compared to room temperature. Use of 1, 4-Butanediol (BDO) is highly engaged in the process of drug formulation. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.

global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) & spandex market Growth Factor

Growth and development in the textile industry are expected to remain the key factor for the market growth. Increasing demand for improve quality stretch fabric in different applications, changing lifestyles, increase in sport activities across the globe, rising disposable income are other factors contributing to the growth of the market.Another growth factor is attributed to the fact that 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) & spandex is a biodegradable polymer, which is used to produce thermoplastic polyurethane. The boom in polyurethane consumption fuel will simultaneously help the targeted market growth as well. Increasing demand for 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) & spandex from other sectors like technological advancement in the automotive interiors will increase the demand for the spandex material on a large scale, is expected to amplify the market demand. Moreover, stringent regulatory policies inhibiting harmful and carcinogenic materials, such as 1,4 BDO, being used to obtain PTMEG and spandex are estimated to hamper market growth during the forecast period. Instability of raw material costs and the presence of substitutes at low costs are expected to hinder the 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex market growth.

1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Segment analysis:

In terms of the type segment, the tetrahydrofuran (THF) sector holds the dominant share of the world global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) & spandex market, expected to remain dominant sector throughout the forecasted period. It is one of the most basic, commercially available polymers used in the making of thermoplastic fibers and elastomers. Also, it is a multipurpose solvent with a number of applications such as coating, printing inks, adhesives, vinyl cellophanes and films, resins, and elastomers. THF is utilised in the production of PVC based cement which act as a cleaner prior to the joint establishment.

1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Regional Analysis:

Regionally, APAC is expected to dominate the 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) & spandex market and is expected to grow at an estimated CAGR of 10.23 % during the forecast period. Developing industries like textile, automotive, heath care industries amongst others are majorly contributing to the market growth in the Asia Pacific region. In Asia pacific, China has documented as the largest shareholder country for this market. Approximately 50% of market value is covered by China and expected to witness industrial loss due to major crises of COVID-19 that will hamper the market growth of China for a long duration. The objective of the report is to present a comprehensive analysis of the Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market dynamics, structure by analysing the market segments and project the Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market make the report investor’s guide.

Scope of 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market: Inquire before buying

Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex market, By Form Type

• Polybutylene terephthalate (PBT) • Gamma-Butyrolactone (GBT) • Tetrahydrofuran (THF) • Polyurethane (PU) • Others

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

• Medical & Hygiene • Automotive Interiors • Textiles • Others

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

• North America • Europe • Asia Pacific • Latin America • Middle East & Africa

Key Players Operating the 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market,

• The Dow Chemical Company • Toray Industries Inc • Mitsui Chemicals, Inc • Nan Ya Plastics • Sipchem • Lotte Chemical • Indorama Synthetics • LyondellBasell • Dairen Chemicals • Invista • Ashland Inc • Genomatica • DuPont • BASF • Mitsui Chemicals Inc • BioAmber Inc • Genomatica • Asahi Kasei Corp • DuPont • Sipchem

Author: Web Spangle

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