The new report by Expert Market Research titled, ‘Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) and Spandex Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the Global BDO, PTMEG and Spandex market, assessing the market based on its product type and major regions like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/1-4-butanediol-polytetramethylene-ether-glycol-spandex-market/requestsample
The key highlights of the report include:
Market Overview (2015-2026)
• Historical Market Size (2020): USD 16.4 billion
• Forecast CAGR (2021-2026): 7.6%
• Forecast Market Size (2026): USD 25.5 billion
The global BDO, PTMEG and Spandex market witnessed modest growth in the historical period, due to increased need for stretchable fabric in different textile applications, fueled by growing awareness of sports, health, and fitness, and subsequently, the apparels along with it.
Industry Definition and Major Segments
Polytetramethylene Ether Glycol (PTMEG) is a linear polymer formed by the acid-catalyzed polymerisation of tetrahydrofuran (THF). It is mainly utilised in the production of elastomeric polyurethane fibres such as spandex. PTMEG is a tetrahydrofuran polymer or a polyether formed from 1,4-butanediol because THF is made by the acid-catalyzed dehydration of 1,4-butanediol (BDO), which is one of the most extensively used industrial process for THF manufacturing.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/1-4-butanediol-polytetramethylene-ether-glycol-spandex-market
By product type, the market is segmented into:
• 1,4-Butanediol (BDO)
• Polytetramethylene Ether Glycol (PTMEG)
• Spandex
The regional market for BDO, PTMEG and Spandex includes:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
Globally, the Asia Pacific holds the largest market share, and in the forecast period this region will continue to dominate the market shares. Rising population, increasing demand for health and fitness apparel, low-cost manufacturing setups due to cheap labour, are some of the key drivers propelling this region’s market in the forecast period. The North America and European regions are anticipated to attract investors for novel manufacturing techniques, to attain sustainable production standards. South America and the Middle East and African regions are also expected to showcase decent CAGR growth in the forecast period.
Increased adoption of new technology and growing textile industry is anticipated to fuel the market growth. Other factors driving to the market's growth include increased demand for higher-quality stretch fabric in a variety of applications, changing lifestyles, an increase in sport activities around the world, and rising disposable income. Another important factor is that 1,4-butanediol (BDO), polytetramethylene ether glycol (PTMEG), and spandex are biodegradable polymers used to make thermoplastic polyurethane. The increase in polyurethane consumption fuel, will assist the targeted market growth at the same time. With growing demand from alternative markets like automotive sector, the market is expected to grow in the forecast period.
However, stringent government policies regarding the controlled use of carcinogenic materials like BDO, to manufacture PTMEG and Spandex can inhibit the growth of the market. Fluctuating raw material costs, availability of alternative options may limit the market’s growth in the forecast period.
Key Market Players
The major players in the global market involve 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., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Global Herring Market: https://www.expertmarketresearch.com/reports/herring-market
Global Hereditary Angioedema Therapeutic Market: https://www.expertmarketresearch.com/reports/hereditary-angioedema-therapeutic-market
Global Environmental Monitoring Market: https://www.expertmarketresearch.com/reports/environmental-monitoring-market
Global Enterprise Risk Management Market: https://www.expertmarketresearch.com/reports/enterprise-risk-management-market
Global Enhanced Oil Recovery Market: https://www.expertmarketresearch.com/reports/enhanced-oil-recovery-market
Global Engineering Services Outsourcing Market: https://www.expertmarketresearch.com/reports/engineering-services-outsourcing-market
Global Energy Drinks Market: https://www.expertmarketresearch.com/reports/energy-drinks-market-report
Global Energy Bar Market: https://www.expertmarketresearch.com/reports/energy-bar-market
Global Endovenous Ablation Devices Market: https://www.expertmarketresearch.com/reports/endovenous-ablation-devices-market
Global Tert-Butanol Market: https://www.expertmarketresearch.com/reports/tert-butanol-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
To get more insights on the topic, click here: https://expertmarketresearch-emr.blogspot.com/
Also, Check Procurement Intelligence which provides you Infallible research solutions.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
0 Comments:
Post a Comment