Market Forecasts and Industry Analysis BDO –PTMEG - Spandex Market Analysis And Segment F

Global BDO –PTMEG - Spandex Market
Segment & Forecast to 2022
“Expanding use of 1, 4-Butanediol (BDO) in drug
formulations will positively impact the market
growth over the forecast period.”
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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