Specialty and Fine Chemicals Reports BDO-PTMEG-Spandex Market Research Report

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future BDO-PTMEG-Spandex Market Research Report - Global Industry Analysis, Size, Growth and Forecast to 2024 | Hexa Research 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. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/