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BDO-PTMEG-Spandex Market to Register a CAGR of 5.0% from 2016 to 2024 | Hexa Research

BDO-PTMEG-Spandex Market to Register a CAGR of 5.0% from 2016 to 2024 | Hexa Research

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Research Report on BDO-PTMEG-Spandex Market Size, Share, Application Analysis, Competitive Strategies and Forecast, 2016 to 2024

The 1, 4-butanediol (BDO) market stood around USD 4.1 billion in 2014. BDO is growingly used in drug formulations. The worldwide BDO-PTMEG-Spandex Market witnesses regulation from several agencies, with either financial or environmental guidelines. BDO has attracted many legislative policies & actions regarding its safe adoption.

THF is a key BDO derivative. It experiences catalyzed polymerization to produce polytetramethylene ether glycol (PTMEG). PTMEG refers to a wax-like white solid. It finds applications in the production of polymers like urethane elastomers, polyamides, polymaides, etc. However, one of the key PTMEG uses is the production of elastene/spandex/lycra fiber.

The PTMEG market garnered about USD 2.7 billion in 2014. With regards to value chain, BDO is a key raw material in the production of elastene, with PTMEG as the transitional chemical. Globally, spandex produced about USD 2.1 billion in 2014, with China grabbing nearly 30% volumes that year.

Chief governmental policymakers controlling market dynamics are EPA, FDA, REACH, European Commission, and ECHA. The BDO-PTMEG-Spandex market is classified as per applications and regions. BDO applications comprise polyurethanes, tetrahydrofuran (THF) and gamma-butyrolactone (GBL), among some others.

Browse Details of Report @
https://www.hexaresearch.com/research-report/butanediol-polytetramethylene-ether-glycol-spandex-market

THF was the biggest BDO segment in 2014. It occupied nearly half of the total volumes the same year. Urethanes, spandex, and copolysters eslatomers (COPE) are the applications of PTMEG. Spandex dominated the PTMEG market in 2014, with over 75% of the global incomes. Textiles were the leading end-user of elastene in 2014.

‘Medical & hygiene’ followed textiles that year. Augmenting hygiene & safety standards across healthcare amenities should complement this segment in the near future. Regions wise, the market is divided into Asia Pacific, North America, Europe, and Central & South America.

In 2014, North America contributed 11.6%, 17%, and 11.3% of the overall PTMEG, BDO, and spandex volumes respectively. The region is marked by adherent policies on human health & ecology. Asia Pacific dominated the market in 2014 regarding the largest sales & consumer base.

Key companies in the global BDO-PTMEG-Spandex market consist of Invista, Dairen Chemicals, DuPont, BASF, and Ashland. Market earnings are shared by highly integrated firms. By placing themselves through the value chain, these firms meet the requirements of different end-users and application segments.

Browse Related Category Reports @
Bio based PET Market : – Stringent environmental regulations to promote environment-friendly products may contribute significantly to bio based PET market demand in the next eight years

Bioplastic Packaging Market : – Increasing number of green initiatives being undertaken various regulatory bodies around the world has resulted in an increased awareness among consumers which is expected to be one of the primary drivers for the growth of the bioplastic packaging market

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

More Information Visit @ www.hexaresearch.com

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Website: www.hexaresearch.com/research-report/butanediol-polytetramethylene-ether-glycol-spandex-market

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