Home Press Releases 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG), and Spandex Market Size Worth $ 43.4 Million By 2030 | CAGR: 8.2%

1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG), and Spandex Market Size Worth $ 43.4 Million By 2030 | CAGR: 8.2%

The global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG), and Spandex market size is expected to reach USD 43.4 Million by 2030, according to a new study by Polaris Market Research. The report “1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG), and Spandex Share, Size, Trends, Industry Analysis Report, By Form (Polybutylene terephthalate (PBT), Gamma-Butyrolactone (GBT), Tetrahydrofuran (THF), Polyurethane (PU), Others); By Application; By End-Use;  By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The expansion is expected to be further fueled by an increase in sports participation and public awareness of health and fitness living. Consumers have become increasingly focused on their health and fitness goals as a result of the accelerating pace of life, hectic work schedules, and long work hours.

 

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The 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) market is expected to expand significantly as a result of consumers’ increased health consciousness and the growing popularity of workouts that promote physical well-being, weight management, increased body stamina, and increased muscular strength.

 

Furthermore, as per the World Economic Forum, nearly 60% of people in all 29 areas said they would like to participate in more activities than they currently do (58 percent). Thus, the rise in sports activities has led to an increase in product demand. PTMEG and MDI are used as chemical reactants in their production.

 

It is frequently used to make swimsuits, inner wears, skin-tight clothing, gloves, and gym gear. Additionally, because spandex is stronger and more durable than other materials, it is also utilized to make surgical hoses and orthopedic braces.

 

Moreover, it is anticipated that the use of spandex in sportswear would increase, creating lucrative 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) industry potential. It is being used more and more in the manufacture of sportswear and swimwear. It provided the needed comfort and fit together with stretchability qualities.

 

As health awareness and the prevalence of various diseases increase globally, more people are taking part in sports activities, which is driving demand for sportswear items and driving the 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG), and Spandex industry’s expansion.

 

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

  • Polyurethane (PU) segment is growing at a lucrative CAGR over the forecast period. The applicability range of PU products has expanded as a result of the rapid industrialization in growing regions of the world.
  • Polybutylene terephthalate (PBT) accounted for a significant share in the market. PBT is expanding as a result of rising demand from end-use sectors like the automobile and electrical appliance businesses.
  • Automotive applications accounted for a significant share in the market. Since it may be utilized in a variety of automotive applications, such as the production of fabrics for door panels that stretch and stick to doors, spandex is also growing in popularity in car interiors. These synthetic fibers are also utilized to create sun control window films for automobiles.
  • North America growing with the fastest CAGR over the forecast period. The increase in government legislation along with rising demand for products from various industries is boosting regional growth.
  • The global market is highly competitive owing to the existence of large industry players with a global presence including Asahi Kasei Corporation, Jiangsu Shaungliang Spandex Co., Ltd., Mitsui Chemicals, Inc., The Dow Chemical Company, Toray Industries Inc., and Zhejiang Huafon Spandex Co. Ltd.

 

Polaris Market Research has segmented the 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG), and Spandex market report based on form, application, end-use, and region:

 

1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG), and Spandex, Form Outlook (Revenue – USD Million, 2018 – 2030)

  • Polybutylene terephthalate (PBT)
  • Gamma-Butyrolactone (GBT)
  • Tetrahydrofuran (THF)
  • Polyurethane (PU)
  • Others

1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG), and Spandex, Application Outlook (Revenue – USD Million, 2018 – 2030)

  • Spandex
  • Urethanes
  • Co-polyester-Ether Elastomers (COPE)
  • Others

1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex, End-Use Outlook (Revenue – USD Million, 2018 – 2030)

  • Medical & Hygiene
  • Automotive Interiors
  • Textiles
  • Others

1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex, Regional Outlook (Revenue – USD Million, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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