Tuesday, 23 August 2016

BDO –PTMEG - Spandex Market will Positively Impact the Market Growth Over the Forecast Period 2012 - 2022

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.

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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.

PTMEG applications consist of urethanes, spandex and copolyesters eslatomers. Spandex led the market contributing for the highest share in 2014. Also, rising scope of latter in hygiene products, automotive interiors, textiles and medical wear is credited to market expansion.

Textiles were the major end-user for elastene. Medical & hygiene was the second largest application segment. Escalating safety & hygiene standards in medical facilities in emerging countries will positively affect the segment growth. In addition, automotive interior is likely to experience substantial gains over the coming years.

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