| Product Code: ETC13200199 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global 1,4-Butanediol, Polytetramethylene Ether Glycol & Spandex Market was valued at USD 0.56 Billion in 2024 and is expected to reach USD 0.72 Billion by 2031, growing at a compound annual growth rate of 4.80% during the forecast period (2025-2031).
The global 1,4-Butanediol, Polytetramethylene Ether Glycol, and Spandex market is witnessing steady growth driven by the increasing demand for spandex in various end-use industries such as textiles, automotive, and healthcare. 1,4-Butanediol serves as a key raw material for the production of PTMEG, which, in turn, is used in the manufacturing of spandex fibers. The market is also benefiting from the expanding textile industry, particularly in emerging economies, as well as the growing adoption of spandex in sportswear and athleisure clothing. However, challenges such as fluctuating raw material prices and environmental concerns regarding the production processes of these chemicals may hinder market growth. Key players in the global market include BASF SE, Dairen Chemical Corporation, and Invista, among others. The market is expected to continue its growth trajectory in the coming years, driven by technological advancements and increasing applications in various industries.
The Global 1,4-Butanediol, Polytetramethylene Ether Glycol (PTMEG), and Spandex Market is witnessing growth due to increasing demand for spandex in various end-use industries such as textiles, automotive, and healthcare. The market is driven by the rising popularity of athleisure wear, advancements in textile technologies, and a growing focus on sustainability in the fashion industry. Additionally, the versatility of PTMEG in applications like coatings, adhesives, and sealants is expanding its market potential. Key opportunities in the market include the development of bio-based alternatives, technological innovations to enhance product performance, and strategic collaborations to strengthen supply chain networks. However, fluctuating raw material prices and environmental concerns related to production processes remain challenges that need to be addressed for sustainable growth in the market.
The Global 1,4-Butanediol, Polytetramethylene Ether Glycol, and Spandex Market faces several challenges, including volatile raw material prices, regulatory hurdles, and increasing competition. Fluctuations in the prices of raw materials such as butadiene and propylene, which are essential for the production of 1,4-Butanediol and spandex, can significantly impact profit margins for manufacturers. Additionally, stringent regulations related to environmental concerns and worker safety pose compliance challenges for companies operating in this market. Furthermore, the growing number of market players entering the industry intensifies competition, leading to pricing pressures and the need for continuous innovation to differentiate products and maintain market share. Overall, navigating these challenges requires strategic planning, efficient supply chain management, and a deep understanding of evolving market dynamics.
The Global 1,4-Butanediol, Polytetramethylene Ether Glycol, and Spandex Market is primarily driven by the increasing demand for spandex in various end-use industries such as apparel, automotive, and healthcare. The growing awareness about the benefits of using spandex-based products, such as flexibility, durability, and comfort, is fueling its adoption among consumers worldwide. Additionally, the rising automotive production and expanding textile industry are driving the demand for Polytetramethylene Ether Glycol, a key raw material for spandex production. Moreover, the growth of the construction sector and increasing investments in infrastructure projects are boosting the demand for 1,4-Butanediol, another essential component in spandex manufacturing. Overall, the market is expected to continue growing due to the expanding applications and favorable properties of these products.
Government policies related to the Global 1,4-Butanediol, Polytetramethylene Ether Glycol & Spandex Market focus on regulating the production, import, and distribution of these chemicals and materials to ensure safety, environmental sustainability, and fair trade practices. These policies may include restrictions on the use of certain chemicals, guidelines for waste management and disposal, quality control measures, and tariffs or trade agreements that impact the market dynamics. Additionally, governments may implement incentives or subsidies to encourage innovation and development in these sectors, as well as promote research and development of more sustainable practices. Overall, government policies play a crucial role in shaping the growth and operations of the 1,4-Butanediol, Polytetramethylene Ether Glycol & Spandex Market in alignment with broader economic and environmental objectives.
The Global 1,4-Butanediol, Polytetramethylene Ether Glycol & Spandex market is expected to witness steady growth in the coming years due to increasing demand from various end-use industries such as textiles, automotive, and construction. The market is driven by the growing preference for spandex-based clothing, as well as the rising adoption of polytetramethylene ether glycol in the production of high-performance materials. Additionally, the expanding applications of 1,4-butanediol in the manufacturing of engineering plastics and pharmaceuticals are projected to further fuel market growth. Technological advancements in production processes and the development of eco-friendly alternatives are anticipated to create new opportunities for market players. However, challenges related to volatility in raw material prices and environmental regulations may hinder market growth to some extent.
In the Global 1,4-Butanediol, Polytetramethylene Ether Glycol & Spandex Market, Asia is expected to dominate due to the presence of key manufacturers and increasing demand from industries such as textiles and automotive. North America is projected to witness steady growth driven by the expanding automotive sector and rising adoption of spandex in sportswear. In Europe, stringent regulations promoting sustainable production methods are likely to drive the market growth for Polytetramethylene Ether Glycol. The Middle East and Africa region is anticipated to experience moderate growth, supported by investments in infrastructure development. In Latin America, the market is expected to grow steadily due to the increasing demand for spandex in the apparel industry and the expanding construction sector.
Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Revenues & Volume, 2021 & 2031F |
3.3 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market - Industry Life Cycle |
3.4 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market - Porter's Five Forces |
3.5 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Revenues & Volume Share, By 1,4-BDO Application, 2021 & 2031F |
3.7 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Revenues & Volume Share, By PTMEG Application, 2021 & 2031F |
3.8 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Revenues & Volume Share, By Spandex Application, 2021 & 2031F |
4 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Trends |
6 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, 2021 - 2031 |
6.1 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By 1,4-BDO Application, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Tetrahydrofuran (THF), 2021 - 2031 |
6.1.3 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Polybutylene Terephthalate (PBT), 2021 - 2031 |
6.1.4 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Gamma-Butyrolactone (GBT), 2021 - 2031 |
6.1.5 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Polyurethane (PU), 2021 - 2031 |
6.2 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By PTMEG Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Spandex, 2021 - 2031 |
6.2.3 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Co-polyester-Ether Elastomers (COPE), 2021 - 2031 |
6.2.4 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Urethanes, 2021 - 2031 |
6.3 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Spandex Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Textiles, 2021 - 2031 |
6.3.3 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Medical & Hygiene, 2021 - 2031 |
6.3.4 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Automotive Interiors, 2021 - 2031 |
7 North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Overview & Analysis |
7.1 North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Revenues & Volume, 2021 - 2031 |
7.2 North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
7.3 North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By 1,4-BDO Application, 2021 - 2031 |
7.4 North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By PTMEG Application, 2021 - 2031 |
7.5 North America 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Spandex Application, 2021 - 2031 |
8 Latin America (LATAM) 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Overview & Analysis |
8.1 Latin America (LATAM) 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By 1,4-BDO Application, 2021 - 2031 |
8.4 Latin America (LATAM) 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By PTMEG Application, 2021 - 2031 |
8.5 Latin America (LATAM) 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Spandex Application, 2021 - 2031 |
9 Asia 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Overview & Analysis |
9.1 Asia 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Revenues & Volume, 2021 - 2031 |
9.2 Asia 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By 1,4-BDO Application, 2021 - 2031 |
9.4 Asia 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By PTMEG Application, 2021 - 2031 |
9.5 Asia 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Spandex Application, 2021 - 2031 |
10 Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Overview & Analysis |
10.1 Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Revenues & Volume, 2021 - 2031 |
10.2 Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By 1,4-BDO Application, 2021 - 2031 |
10.4 Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By PTMEG Application, 2021 - 2031 |
10.5 Africa 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Spandex Application, 2021 - 2031 |
11 Europe 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Overview & Analysis |
11.1 Europe 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Revenues & Volume, 2021 - 2031 |
11.2 Europe 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By 1,4-BDO Application, 2021 - 2031 |
11.4 Europe 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By PTMEG Application, 2021 - 2031 |
11.5 Europe 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Spandex Application, 2021 - 2031 |
12 Middle East 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Overview & Analysis |
12.1 Middle East 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By 1,4-BDO Application, 2021 - 2031 |
12.4 Middle East 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By PTMEG Application, 2021 - 2031 |
12.5 Middle East 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market, Revenues & Volume, By Spandex Application, 2021 - 2031 |
13 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Key Performance Indicators |
14 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market - Export/Import By Countries Assessment |
15 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market - Opportunity Assessment |
15.1 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Opportunity Assessment, By 1,4-BDO Application, 2021 & 2031F |
15.3 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Opportunity Assessment, By PTMEG Application, 2021 & 2031F |
15.4 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Opportunity Assessment, By Spandex Application, 2021 & 2031F |
16 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market - Competitive Landscape |
16.1 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Revenue Share, By Companies, 2024 |
16.2 Global 1,4-Butanediol (BDO), Polytetramethylene Ether Glycol (PTMEG) & Spandex Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |