1, 4 – BDO, PTMEG And Spandex Market Will Grow Rapidly Owing To Enhanced Demand In Cosmetics, Medicines And Textiles Industry Till 2022: Grand View Research, Inc.

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GrandViewResearch.com has announced the addition of “BDO, PTMEG And Spandex Market Analysis And Segment Forecasts To 2022” Market Research report to their Database.

The 1, 4 – butadeniol (BDO), polytetramethylene ether glycol (PTMEG), and spandex market is projected to stand around USD 17.5 billion by 2022. Environmental policies encouraging the use of light composites for reducing carbon emissions in vehicles will favor the market.

BDO is used to manufacture polybutylene, polyurethane, tetrahydrofuran (THF), polybutylene terphthalate (PBT), and other solvents. It also finds applications in engineering plastics, cosmetics, plasticizers, pesticides, and medicines. The BDO market had a size of about USD 4.1 billion in 2014.

Full research report on 1, 4 – butadeniol (BDO), polytetramethylene ether glycol (PTMEG), and spandex market analysis:

PTMEG is a BDO derivative post polymerization. It is used in the production of lycra or spandex, that are used in automotive interiors and textiles. The PTMEG market was worth USD 2.7 billion in 2014. The spandex market was valued USD 2.2 billion in 2014, with China having the highest demand. Development of bio-spandex for sportswear & textiles applications would boost the BDO, PTMEG, and spandex market.

The BDO market is split on account of applications into PBT, polyurethanes, THF, gamma-butyrolactone (GBL), and other solvents. THF was the most lucrative segment, occupying 50% shares in 2014. Demand for THF as an intermediate chemical for PTMEG production can drive this segment from 2015 to 2022 (forecast period). Spandex was the largest application of the PTMEG market, capturing over 75% volumes in 2014. PTMEG demand should grow at 5.9% CAGR in the future owing to polyurethane & spandex consumption.

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In view of regions, Asia Pacific dominated the BDO, PTMEG, and spandex market in 2014. It was the largest consumer base and revenue generator. With rising manufacturing industries in India and China, textiles and automotive products could boost spandex demand in the region. North America accounted for 17%, 11.6%, and 11.3% volumes, respectively for BDO, PTMEG, and spandex. It is deterred by regulatory environmental policies.

Butadeniol is primarily used in the regional production of polyurethane & THF products. The United States of America is a large consumer, but will eventually lose to Mexico in the years ahead. Notable players of the global BDO, PTMEG, and spandex market encompass Mitsui Chemicals, Asahi Kasei Corporation, DuPont, Lotte Chemical, and BASF. The market is marked by huge companies that are suitably incorporated in the value chain.

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