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1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Report and Forecast 2023-2028

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    Report

  • 144 Pages
  • August 2023
  • Region: Global
  • Expert Market Research
  • ID: 5869208
According to the report the global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex market is projected to grow at a CAGR of 5.15% between 2023 and 2028. Aided by the multifarious applications, primarily in the textile industry and the escalating demand for stretchable and comfortable fabrics, the market is expected to grow significantly by 2028.
1,4-Butanediol (BDO) is an organic compound, a colourless viscous liquid that is significant in the production of polymers like PTMEG. PTMEG, in turn, is a foundational ingredient in the synthesis of Spandex, a lightweight, synthetic fibre known for its exceptional elasticity. Spandex is a staple in the manufacturing of a diverse range of garments, from sportswear to undergarments, due to its ability to revert to its original shape after stretching.

A myriad of applications of these compounds, especially in the rapidly growing textile sector, positions them as indispensable elements in modern garment production, thus aiding the 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex market growth. The inherent qualities of spandex, such as durability, stretchability, and comfort, have amplified its demand in the fashion industry. With the contemporary lifestyle leaning towards comfort and functionality without compromising on style, spandex's prominence in everyday attire like leggings, activewear, and athleisure garments has seen a marked rise.

The burgeoning fitness and health wave across the globe further propels the market growth. Active sports, yoga, and gym activities necessitate attire that offers both flexibility and comfort, resulting in a surge in demand for spandex-infused sportswear. Moreover, the current trend of body positivity and inclusivity in the fashion industry accentuates the need for fabrics like spandex that adapt to varied body types, further boosting the global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex market demand.

Delving deeper, 1,4-Butanediol (BDO) is not limited to textile applications. Its role in the production of plastics, solvents, and electronic chemicals highlights its versatility. The incessant growth in the electronics and automotive sectors, where BDO finds its use in producing certain components and parts, provides impetus to its global demand.

Furthermore, polytetramethylene ether glycol (PTMEG) is integral not just for Spandex but also for producing polyurethane, which is utilised in the manufacturing of wheels, cast elastomers, and other components. The escalating production of automobiles and the continuous need for replacements and upgrades further bolster the 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex market expansion.

Market Segmentation

The market can be divided based on product type and region.

Market Breakup by Product type

  • BDO
  • PTMEG
  • Spandex

Market Breakup by Region

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

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG) and spandex market. Some of the major players explored in the report are as follows:
  • Mitsui Chemicals, Inc.
  • BASF SE
  • DuPont de Nemours, Inc.
  • Ashland Global Specialty Chemicals Inc.
  • BioAmber Inc.
  • Saudi International Petrochemical Company
  • LyondellBasell Industries Holdings B.V.
  • Others

About the Publisher

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Analysis
8.1 Key Industry Highlights
8.2 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Historical Market (2018-2022)
8.3 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Forecast (2023-2028)
8.4 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market by Product Type
8.4.1 BDO
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 PTMEG
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Spandex
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America 1,4-Butanediol ( BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Mitsui Chemicals, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 BASF SE
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 DuPont de Nemours, Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Ashland Global Specialty Chemicals Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 BioAmber Inc.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Saudi International Petrochemical Company
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 LyondellBasell Industries Holdings B.V.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.3.8 Others
18 Key Trends and Developments in the Market

Companies Mentioned

  • Mitsui Chemicals, Inc.
  • BASF SE
  • Saudi International Petrochemical Company
  • DuPont de Nemours, Inc. (NYSE: DD)
  • Ashland Global Specialty Chemicals Inc.
  • LyondellBasell Industries N.V.
  • BioAmber Inc.
  • Saudi International Petrochemical Company

Methodology

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Table Information