1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) & spandex market was calculated USD 25.39 Bn in 2023 and is expected to reach USD 43.80 Bn by 2030, at a CAGR of 8.10% during a forecast period.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. To know about the Research Methodology :- Request Free Sample Report 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.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 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 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 Market dynamics, structure by analysing the market segments and project the Global 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 Market make the report investor’s guide.Scope of 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market: Inquire before buying
1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 25.39 Bn. Forecast Period 2024 to 2030 CAGR: 8.10 % Market Size in 2030: USD 43.80 Bn. Segments Covered: by Form Type Polybutylene terephthalate (PBT) Gamma-Butyrolactone (GBT) Tetrahydrofuran (THF) Polyurethane (PU) Others by Application Medical & Hygiene Automotive Interiors Textiles Others by Source Sugar Biomass 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players:
1. The Dow Chemical Company 2. Toray Industries Inc 3. Mitsui Chemicals, Inc 4. Nan Ya Plastics 5. Sipchem 6. Lotte Chemical 7. Indorama Synthetics 8. LyondellBasell 9. Dairen Chemicals 10. Invista 11. Ashland Inc 12. Genomatica 13. DuPont 14. BASF 15. Mitsui Chemicals Inc 16. BioAmber Inc 17. Genomatica 18. Asahi Kasei Corp 19. DuPont 20. Sipchem Frequently Asked questions 1. What is the market size of theMarket in 2023? Ans. The market size Market in 2023 was USD 25.39 Billion. 2. What are the different segments of the Market? Ans. The Market is divided into Application, Form Type and Source. 3. What is the study period of this market? Ans. The Market will be studied from 2023 to 2030. 4. Which region is expected to hold the highest Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Market? Ans. The Forecast Period of the market is 2024-2030 in the market.
1. Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market: Research Methodology 2. Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Segmentation 4.1 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Form Type (2023-2030) • Polybutylene terephthalate (PBT) • Gamma-Butyrolactone (GBT) • Tetrahydrofuran (THF) • Polyurethane (PU) • Others 4.2 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Application (2023-2030) • Medical & Hygiene • Automotive Interiors • Textiles • Others 4.3 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Source (2023-2030) • Sugar • Biomass 5. North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market(2023-2030) 5.1 North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Form Type (2023-2030) • Polybutylene terephthalate (PBT) • Gamma-Butyrolactone (GBT) • Tetrahydrofuran (THF) • Polyurethane (PU) • Others 5.2 North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Application (2023-2030) • Medical & Hygiene • Automotive Interiors • Textiles • Others 5.3 North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Source (2023-2030) • Sugar • Biomass 5.4 North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Country (2023-2030) • United States • Canada • Mexico 6. Europe 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market (2023-2030) 6.1. European 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Form Type (2023-2030) 6.2. European 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Application (2023-2030) 6.3. European 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Source (2023-2030) 6.4. European 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market (2023-2030) 7.1. Asia Pacific 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Form Type (2023-2030) 7.2. Asia Pacific 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Application (2023-2030) 7.3. Asia Pacific 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Source (2023-2030) 7.4. Asia Pacific 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market (2023-2030) 8.1 Middle East and Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Form Type (2023-2030) 8.2. Middle East and Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Application (2023-2030) 8.3. Middle East and Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Source (2023-2030) 8.4. Middle East and Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market (2023-2030) 9.1. South America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Form Type (2023-2030) 9.2. South America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Application (2023-2030) 9.3. South America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Source (2023-2030) 9.4 South America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 The Dow Chemical Company 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Toray Industries Inc 10.3 Mitsui Chemicals, Inc 10.4 Nan Ya Plastics 10.5 Sipchem 10.6 Lotte Chemical 10.7 Indorama Synthetics 10.8 LyondellBasell 10.9 Dairen Chemicals 10.10 Invista 10.11 Ashland Inc 10.12 Genomatica 10.13 DuPont 10.14 BASF 10.15 Mitsui Chemicals Inc 10.16 BioAmber Inc 10.17 Genomatica 10.19 Asahi Kasei Corp 10.20 DuPont 10.21 Sipchem