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.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*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.
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
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*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 Scope4 Key Assumptions7 Opportunities and Challenges in the Market15 Value Chain Analysis16 Price Analysis18 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Snapshot
8 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Analysis
9 North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Analysis
10 Europe 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Analysis
11 Asia Pacific 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Analysis
12 Latin America 1,4-Butanediol ( BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Analysis
13 Middle East and Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Analysis
14 Market Dynamics
17 Competitive Landscape
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
Report Attribute | Details |
---|---|
No. of Pages | 144 |
Published | August 2023 |
Forecast Period | 2023 - 2028 |
Estimated Market Value ( USD | $ 17.04 Billion |
Forecasted Market Value ( USD | $ 21.9 Billion |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |
No. of Companies Mentioned | 8 |