Global BDO-PTMEG-Spandex Market Growth 2023-2029

Global BDO-PTMEG-Spandex Market Growth 2023-2029

Polytetramethylene ether glycol (PTMEG), also known as polytetrahydrofuran, polytetramethylene ether glycol, tetrahydrofuran homopolyether, etc. Its English name is Polytetramethylene Ether Glycol, abbreviated as PTMEG. Its molecular formula is HO[CH2CH2CH2CH2O]nH, which is a homopolymer obtained by cationic ring-opening polymerization of tetrahydrofuran (THF) in the presence of a catalyst. It is a primary hydroxyl end linear polyether diol at room temperature. The next is a white waxy solid that melts into a clear, colorless liquid when the temperature exceeds room temperature, and is easily soluble in alcohols, esters, ketones, aromatics, and chlorinated hydrocarbons, insoluble in ester-like hydrocarbons and water.BDO is a chemical production project, called 1,4 butanediol, colorless oil, non-volatile, condensation below 25 °.Spandex is an abbreviation of polyurethane fiber and is an elastic fiber. Spandex generally consists of multiple filaments, usually 10D/root, which is currently 15D/root, or even 20D/root. The smaller the theoretical number is, the better the evenness of the strip is, and the less the chance rate of overlap, the less dry it is.

LPI (LP Information)' newest research report, the “BDO-PTMEG-Spandex Industry Forecast” looks at past sales and reviews total world BDO-PTMEG-Spandex sales in 2022, providing a comprehensive analysis by region and market sector of projected BDO-PTMEG-Spandex sales for 2023 through 2029. With BDO-PTMEG-Spandex sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world BDO-PTMEG-Spandex industry.

This Insight Report provides a comprehensive analysis of the global BDO-PTMEG-Spandex landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on BDO-PTMEG-Spandex portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global BDO-PTMEG-Spandex market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for BDO-PTMEG-Spandex and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global BDO-PTMEG-Spandex.

The global BDO-PTMEG-Spandex market size is projected to grow from US$ 3890.8 million in 2022 to US$ 5543.3 million in 2029; it is expected to grow at a CAGR of 5543.3 from 2023 to 2029.

The market is likely to be driven by increasing butanediol demand from cosmetics, medicines, textiles, engineering plastics and automotive applications. About 50% BDO is used in tetrahydrofuran (THF) production, which is an intermediate chemical for polytetramethylene ether glycol (PTMEG). PTMEG itself is further processed to manufacture spandex/elastane/lycra, which finds application in several end-use industries that include textiles and automotive interiors. Asia Pacific dominated the global scenario as the largest consumer base and revenue generating region and is expected to witness the fastest growth over the forecast period. India and China are projected to account for the major market share in the region primarily due to rising industrial application, economic developments and technology adoption for various industrial operations.

This report presents a comprehensive overview, market shares, and growth opportunities of BDO-PTMEG-Spandex market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Polyurethane
GBL
polybutylene terephthalate
Tetrahydrofuran
Solvents

Segmentation by application
Automotive
Hygiene
Textiles

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Dairen Chemicals
Shanxi Sanwei Group
Ashland BASF
LyondellBasell
DuPont
Invista

Key Questions Addressed in this Report

What is the 10-year outlook for the global BDO-PTMEG-Spandex market?

What factors are driving BDO-PTMEG-Spandex market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do BDO-PTMEG-Spandex market opportunities vary by end market size?

How does BDO-PTMEG-Spandex break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.