Bdo –Ptmeg - Spandex Market Growth and Size Report to 2022: Radiant Insights

BDO –PTMEG - Spandex Market Share, Size, Growth and

Trends Report to 2024: According To Radiant Insights

Expanding use of 1, 4-Butanediol (BDO) in drug formulations will positively impact the market growth over the

forecast period. Chief derivative for 1, 4- butanediol is Tetrahydrofuran (THF). Additionally, THF undergoes catalyze

polymerization and forms a white waxy liquid known as polytetramethylene ether glycol (PTMEG). It is further

used in polyesters, urethane elastomers and polyamides production. Moreover, PTMEG is essentially being used in

Lycra/spandex/elastene fiber production. In terms of value chain, PTMEG may act as an intermediate chemical in

production of elastene. BDO plays a key role as a primary feedstock in the process.

PTMEG market accounted for significant share in 2014 and will grow lucratively over the forecast period. The

industry is regulated by several agencies associated with policies & regulations. Key regulatory policymakers in the

market are European Commission, European Chemicals Agency (ECHA) and U.S Food& Drug Administration.

The BDO-PTMEG-Spandex market is fragmented in applications and regions. BDO applications include

Tetrahydrofurane, Polybutylene terephthalate, Polyurethane and gamma-butyrolactone (GBL). Additionally, THF

dominated the market accounting for the major share in 2014.

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PTMEG applications consist of urethanes, spandex and copolyesters eslatomers. Spandex led the market

contributing for the highest share in 2014. Also, rising scope of latter in hygiene products, automotive interiors,

textiles and medical wear is credited to market expansion.

Textiles were the major end-user for elastene. Medical & hygiene was the second largest application segment.

Escalating safety & hygiene standards in medical facilities in emerging countries will positively affect the segment

growth. In addition, automotive...