Global Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex Market was valued at US $ 1.76 Billion in 2022 and is expected to reach US $ 3.3 Billion by 2030 growing at a CAGR of 8.2% during the forecast period 2023 – 2030. The Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex market is a specialized segment within the broader textile and apparel industry. It encompasses the production, distribution, and utilization of spandex fibers derived from BTPEG, a key component used in the creation of highly elastic and stretchable textiles. BTPEG Spandex is renowned for its outstanding elasticity, which allows it to expand several times its original length and then revert to its initial shape. This unique quality makes it a sought-after material in the textile and apparel sector, particularly in applications where flexibility, comfort, and a contoured fit are paramount.

Some of the benefits of designing a Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex Market include:

• Exceptional Elasticity and Stretchability: BTPEG Spandex stands out for its remarkable capacity to stretch multiple times its original length and effortlessly revert to its initial form. This exceptional attribute renders it a preferred choice in applications prioritizing flexibility and comfort, such as sportswear, activewear, and intimate apparel.
• Supreme Comfort and Contoured Fit: BTPEG Spandex ensures a comfortable and well-fitted experience while preserving the garment's shape. It guarantees that spandex-infused clothing and textiles maintain their structure, providing a snug, body-conforming silhouette that enhances overall comfort and wearability.
• Unrestricted Range of Motion: Spandex's inherent elasticity facilitates unrestricted mobility, making it an exceptional option for athletic and performance apparel. It accommodates the dynamic movements associated with sports, workouts, and a variety of physical activities, allowing wearers to move freely without constriction.

COVID -19 Impact

The Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex market was significantly impacted by the COVID-19 pandemic. The disruptions in global supply chains led to delays in production and distribution, affecting the availability of BTPEG Spandex. The apparel industry, a major consumer of this material, experienced reduced demand as remote work and restricted social activities altered consumer priorities. Manufacturing facilities faced operational challenges due to workforce restrictions and social distancing requirements. Price volatility for raw materials and finished products added further uncertainty to the market. Some manufacturers shifted their production to essential goods like personal protective equipment (PPE) in response to urgent healthcare needs. E-commerce thrived as physical retail stores closed or faced restrictions. As the pandemic evolved, the industry demonstrated resilience by adapting to changing conditions and exploring new applications for BTPEG Spandex. The long-term impact of the pandemic on the market is still unfolding, with opportunities for growth and innovation in a post-pandemic landscape.

Factors Driving the Market

Drivers

Increasing demand for spandex from the apparel industry

The increasing demand for spandex from the apparel industry is a fundamental driver of growth within the spandex market, shaping its dynamics in multifaceted ways. As one of the most prominent consumers of spandex, the apparel industry plays a central role in expanding the market and fostering its continuous evolution. At the heart of this growth is the expansion of the market size. The apparel industry's relentless demand for spandex, driven by the ever-changing preferences of consumers, significantly increases the overall market volume. This, in turn, creates more opportunities for spandex manufacturers and suppliers, resulting in a thriving industry.

One of the defining characteristics of spandex is its versatility, which is highly valued by the apparel sector. Spandex's unique ability to provide elasticity and comfort makes it a go-to choice for designers and manufacturers across a wide spectrum of apparel categories. Whether it's sportswear designed for peak athletic performance, activewear that seamlessly blends style and function, comfortable intimates that prioritize everyday comfort, or casual clothing that offers flexibility and form-fitting designs, spandex finds its place. The diversification of its applications within the apparel industry further propels market growth, showcasing its adaptability and relevance. Consumer preferences, a cornerstone of the apparel industry's influence, play a pivotal role in driving the demand for spandex.

Modern consumers prioritize comfort and flexibility in their clothing choices, with an increasing emphasis on active and wellness lifestyles. Spandex, with its stretchability, shape retention, and recovery properties, aligns perfectly with these preferences. It enables clothing that can keep up with the demands of daily life, be it a workout session or a day at the office. As such, the increasing demand for comfortable and flexible clothing is a direct driver of spandex's market growth. For instance, as per Statista, In 2022, the global apparel market reported total revenue of approximately 1.53 trillion U.S. dollars, marking a modest decrease compared to the preceding year. However, a promising upturn is anticipated in 2023, with revenue projections exceeding 1.7 trillion dollars. Notably, the primary drivers of this robust apparel demand are the United States and China, both substantially outpacing other nations in revenue generation. It's noteworthy that these two countries also hold influential roles in the domain of international trade. For instance, in 2021, China secured the top position in the rankings for the highest value of apparel exports, while the United States closely trailed the European Union in terms of the value of apparel imports.

Fashion trends, the lifeblood of the apparel industry, further reinforce spandex's role in market expansion. The industry's ever-evolving aesthetics and consumer demands frequently lean towards form-fitting, body-hugging, and performance-driven designs. Spandex empowers designers to create garments that cater to these evolving fashion preferences, making it a sought-after material in the fashion world. The ability of spandex to support modern fashion trends contributes significantly to its growing demand. The global reach of spandex is another noteworthy aspect. The demand for spandex in the apparel industry is not limited to specific regions; it has a global presence. Consumers worldwide seek comfortable, flexible, and stylish clothing, making spandex an international trend. This global appeal ensures that the growth of the spandex market transcends geographical boundaries, providing opportunities for manufacturers and suppliers on a global scale.

The athleisure trend, a fusion of athletic and leisurewear, has been a driving force in the demand for spandex. In an era where consumers increasingly seek comfortable yet stylish clothing suitable for both workouts and everyday activities, the use of spandex in athleisure garments has become a norm. Athleisure has transformed the fashion landscape, further boosting spandex's importance in the apparel industry. Technical advancements are also contributing to the appeal of spandex in the apparel sector. Manufacturers are continually innovating, developing spandex with improved properties such as moisture-wicking capabilities, UV protection, and enhanced durability. These technical enhancements make spandex an attractive choice for activewear, performance apparel, and outdoor clothing, expanding its applications and meeting specific industry requirements. Customization and branding within the apparel industry are additional catalysts for the demand for spandex. Apparel brands often create customized spandex blends to meet their unique requirements, fostering distinct product offerings that set them apart from competitors. This not only enhances brand recognition but also nurtures consumer loyalty, further driving demand for spandex.

Challenges

High cost of BTPEG Spandex

The high cost of BTPEG Spandex is a substantial factor that can significantly impact the growth and adoption of this material in various applications. The market for BTPEG Spandex faces several challenges due to its cost dynamics. Firstly, price sensitivity is a crucial consideration in many industries and consumer segments. High production costs often translate into higher prices for products containing BTPEG Spandex. This can deter cost-conscious consumers and businesses from choosing BTPEG Spandex, especially in highly price-sensitive markets. As a result, the market may face limitations in terms of expanding its customer base and market share. Moreover, the competitive landscape can be affected by the high cost of BTPEG Spandex. When compared to alternative materials, the premium pricing may put BTPEG Spandex at a disadvantage. Price-sensitive consumers and industries may opt for more cost-effective alternatives, hindering the market's growth potential.

The high cost also has implications for emerging markets, where price sensitivity tends to be more pronounced. In these regions, the adoption of BTPEG Spandex may be slower due to its cost, which can potentially restrict the market's expansion in areas with significant growth potential. Manufacturers of BTPEG Spandex face the challenge of maintaining healthy profit margins while ensuring competitive pricing. If they are unable to pass on the high production costs to consumers, their willingness to invest in production and innovation may diminish, impacting the material's market growth and technological advancement.

In some cases, the high cost of BTPEG Spandex may outweigh the perceived benefits of its sustainability and eco-friendliness, discouraging businesses from adopting it for sustainability reasons. While premium-priced BTPEG Spandex may find a niche market among consumers or industries willing to pay extra for its specific properties, addressing cost-related challenges is crucial for broadening its market reach and unlocking its full growth potential. This may involve exploring cost-efficient production methods, research and development initiatives, and pricing strategies that make BTPEG Spandex more accessible to a wider audience without compromising its quality and performance.

Trends

Increasing use of BTPEG Spandex in new application

The Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex market is experiencing significant growth, and a key driver of this expansion is the increasing adoption of BTPEG Spandex in new and diverse applications. Traditionally recognized for its role in the textile and apparel industry, BTPEG Spandex has broadened its horizons and ventured into novel sectors, significantly contributing to the overall market's growth and dynamism. One of the primary factors fueling this diversification is the need for market expansion and reduced dependency on specific industries. By introducing BTPEG Spandex to applications beyond clothing and textiles, the market effectively reduces its vulnerability to fluctuations in any single sector. This diversification not only offers financial stability but also enhances the resilience of the market as a whole. Moreover, the exploration of new applications leads to the discovery of untapped market potential. These new sectors represent fresh revenue streams and business opportunities. As BTPEG Spandex manufacturers venture into uncharted territory, they unlock the doors to markets that may have been previously overlooked. This expansion has the potential to generate substantial profits for industry players.

Innovation and customization are key drivers of growth in this context. As BTPEG Spandex finds its way into new applications, it must adapt to meet the specific requirements and demands of these sectors. Manufacturers invest in research and development to tailor BTPEG Spandex to the unique needs of each application. This results in enhanced product offerings and increased competitiveness in the market. Consumer demand also plays a significant role in driving the adoption of BTPEG Spandex in new applications. As consumer lifestyles evolve, new needs and preferences emerge. BTPEG Spandex, with its versatility and adaptability, can address these evolving demands. By aligning with changing consumer preferences, the market secures its relevance and ensures sustained growth.

A noteworthy benefit of this expansion into new applications is the creation of a competitive advantage. Companies that successfully introduce BTPEG Spandex into these sectors stand out as innovators and pioneers. They differentiate their products and services, attracting a broader customer base and achieving market recognition. Additionally, industry collaboration and partnerships foster innovation. Manufacturers of BTPEG Spandex often collaborate with businesses in the new application sectors. These collaborations encourage the exchange of knowledge, ideas, and resources, driving innovation and mutual growth. In some instances, regulatory support and incentives further accelerate the adoption of BTPEG Spandex in new applications. Government policies and standards may encourage the use of eco-friendly materials, such as BTPEG Spandex, in specific sectors, propelling its integration and growth.

Market Segmentation

By Type

• The Conventional Spandex dominated the Butanediol
• The Bio-based Spandex is the fastest growing segment, growing at a CAGR of 10.13% during the forecast period.

By Type, the global Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex Market is divided into Conventional Spandex, Bio-based Spandex.
Conventional Spandex commands the dominant position within the Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex market, representing more than 82.23% of the market share in 2023. In contrast, Bio-based Spandex, although in its nascent stages, is poised for rapid growth and is anticipated to be the fastest-expanding type in the market in the foreseeable future.

Bio-based Spandex is expected to be the fastest growing sub segment in Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex market. This growth is attributed to the increasing emphasis on sustainability in the textile industry. Bio-based Spandex aligns with environmental concerns, as it is derived from renewable sources, offering a more eco-friendly alternative to conventional spandex. Legislative support and changing consumer values further drive its rapid adoption. While Conventional Spandex remains the prevailing choice, the increasing demand for sustainable materials and ethical consumption practices positions Bio-based Spandex as the future of the industry, underlining the dual dynamics of leadership and rapid growth within the BTPEG Spandex market.

By Application

• The Apparel segment dominated the Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex Market in 2022.
• Apparel is the fastest growing segment, growing at a CAGR of 8.9% during the forecast period.

By Application, the Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex Market is divided by Apparel, Home Textile, Industrial.

The apparel category takes the forefront in the Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex market, securing a significant majority of over 58% of the market share in 2023. Furthermore, it is poised to be the swiftest growing application within the market, exhibiting a robust CAGR exceeding 8.9% throughout the forecast period spanning 2023 to 2030. it is propelled by the pervasive influence of the fashion industry, where BTPEG Spandex is instrumental in creating flexible and form-fitting clothing. This material's versatility and capacity for customization cater to evolving consumer preferences, from activewear to compression garments. Furthermore, lifestyle changes, fitness-consciousness, and the enduring need for comfortable, durable apparel continue to drive demand, positioning the apparel segment as the market's prominent and rapidly advancing domain.

By Region

• The APAC region dominated the Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex Market in 2022.
• The APAC region is the fastest growing segment, growing at a CAGR of 7.3% during the forecast period.

By region, the global Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex Market is divided into North America, Europe, APAC and Others. Others is further divided into Middle East, Africa and South America.

The Asia Pacific region dominates the BTPEG Spandex market in 2023, holding a substantial market share of over 42.34%. Moreover, it is poised to be the fastest-growing region throughout the 2023-2030 forecast period, with an impressive CAGR exceeding 7.3%. APAC's remarkable economic growth and burgeoning middle-class population have led to increasing disposable incomes, driving a heightened demand for BTPEG Spandex in various applications, particularly in the apparel and home textiles sectors. The region's urbanization trend has ushered in a greater need for high-quality housing and infrastructure, further fueling the demand for BTPEG Spandex. Additionally, APAC's role as a global manufacturing and export hub, coupled with technological advancements and rising consumer awareness of spandex benefits, has contributed to its dominant position in the market. Government support and favorable economic conditions have also played pivotal roles in fostering this growth. As a result, the Asia-Pacific region continues to lead the BTPEG Spandex market, demonstrating its resilience and capacity for expansion.

Competitive Landscape

The global Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex Market is consolidated with the presence of few major players contributing to the market revenue. This dominance of these major players is driven by their technological expertise, extensive resources, and established brand recognition. These companies typically offered comprehensive and diversified solutions to end use industries.

• Asahi Kasei Corporation

Asahi Kasei Corporation, a Tokyo-based multinational chemical enterprise established in 1931, has evolved into a global chemical industry leader. The company's extensive portfolio encompasses chemicals, fibers, electronics materials, and housing materials, all aligned with its vision of "creating chemistry for a sustainable future." Asahi Kasei is dedicated to pioneering innovative products and solutions to tackle pressing global challenges.

• BASF SE

BASF SE, headquartered in Ludwigshafen, Germany, is one of the world's largest and most influential chemical companies. With a history dating back to its foundation in 1865, BASF has evolved into a global conglomerate with a diverse range of operations spanning chemicals, plastics, performance products, agricultural solutions, and more. A key hallmark of BASF's approach is its strong commitment to sustainability and environmental responsibility. The company has been a leader in developing and implementing sustainable practices and products in the chemical industry. BASF is dedicated to reducing its environmental impact and continually seeks innovative solutions to promote sustainable development.

• Covestro AG

Covestro AG is a German multinational materials science company headquartered in Leverkusen, Germany. It is one of the world's leading suppliers of high-performance polymers. Covestro's products are used in a wide range of industries, including automotive, construction, electrical and electronics, wood, furniture, sports and recreation. Covestro was founded in 2015 as a spin-off from Bayer AG. The company's history dates back to 1863, when Bayer was founded. Covestro has a long history of innovation and has developed many new materials and technologies over the years.

• DowDuPont Inc.
• Eastman Chemical Company
• Evonik Industries AG
• Huntsman Corporation
• Hyosung Corporation
• Indorama Ventures PCL
• INVISTA
• Kolon Industries Inc.
• Kraiburg TPE GmbH & Co. KG
• Lycra Inc.
• Mitsui Chemicals, Inc.
• Perstorp Holding AB
• RadiciGroup S.p.A.
• Reliance Industries Limited
• SABIC
• Solvay SA
• Teijin Limited

Recent Developments

• In July 2023, Asahi Kasei Corporation, a prominent BTPEG Spandex manufacturer, revealed plans for an expansion of its production capacity in Thailand, with completion set for 2025.
• In June 2023, BASF SE, also a major BTPEG Spandex producer, disclosed its ongoing development of enhanced BTPEG Spandex variants. These products, featuring improved properties, including heightened durability and sustainability, are slated for launch in 2024.
• In May 2023, Covestro AG, another leading BTPEG Spandex manufacturer, unveiled a strategic partnership with Astrion to create innovative BTPEG Spandex solutions tailored for the medical industry. These new products are anticipated to find applications in medical devices such as implants and surgical supplies.

Butanediol Polytetramethylene Ether Glycol (BTPEG) Spandex Market Scope

Table of Contents

1 INTRODUCTION OF GLOBAL BUTANEDIOL POLYTETRAMETHYLENE ETHER GLYCOL (BTPEG) SPANDEX MARKET

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY 

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL BUTANEDIOL POLYTETRAMETHYLENE ETHER GLYCOL (BTPEG) SPANDEX MARKET OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis

5 GLOBAL BUTANEDIOL POLYTETRAMETHYLENE ETHER GLYCOL (BTPEG) SPANDEX MARKET, BY TYPE

5.1 Overview

5.2 Conventional Spandex

5.3 Bio-based Spandex

6 GLOBAL BUTANEDIOL POLYTETRAMETHYLENE ETHER GLYCOL (BTPEG) SPANDEX MARKET, BY APPLICATION

6.1 Overview

6.2 Apparel

6.3 Home Textile

6.4 Industrial

7 GLOBAL BUTANEDIOL POLYTETRAMETHYLENE ETHER GLYCOL (BTPEG) SPANDEX MARKET, By REGION

7.1 North America

7.1.1 U.S.

7.1.2 Canada

7.2 Europe

7.2.1 Germany

7.2.3 U.K.

7.2.4 France

7.2.5 Rest of Europe

7.3 Asia Pacific

7.3.1 China

7.3.2 Japan

7.3.3 India

7.3.4 South Korea

7.3.5 Singapore

7.3.6 Malaysia

7.3.7 Australia

7.3.8 Thailand

7.3.9 Indonesia

7.3.10 Philippines

7.3.11 Rest of Asia Pacific

7.4 Others

7.4.1 Saudi Arabia

7.4.2 U.A.E.

7.4.3 South Africa

7.4.4 Egypt

7.4.5 Israel

7.4.6 Rest of Middle East and Africa (MEA)

7.4.7 Brazil

7.4.8 Argentina

7.4.9 Mexico

7.4.10 Rest of South America

8 COMPANY PROFILES

8.1 Asahi Kasei Corporation

8.1.1. Company Overview

8.1.2. Key Executives

8.1.3. Operating Business Segments

8.1.4. Product Portfolio

8.1.5. Financial Performance (As per availability)

8.1.6 Key News

8.2 BASF SE

8.2.1. Company Overview

8.2.2. Key Executives

8.2.3. Operating Business Segments

8.2.4. Product Portfolio

8.2.5. Financial Performance (As per availability)

8.2.6. Key News

8.3 Covestro AG

8.3.1. Company Overview

8.3.2. Key Executives

8.3.3. Operating Business Segments

8.3.4. Product Portfolio

8.3.5. Financial Performance (As per availability)

8.3.6. Key News

8.4  DowDuPont Inc.

8.4.1. Company Overview

8.4.2. Key Executives

8.4.3. Operating Business Segments

8.4.4. Product Portfolio

8.4.5. Financial Performance (As per availability)

8.4.6. Key News

8.5 Eastman Chemical Company

8.5.1. Company Overview

8.5.2. Key Executives

8.5.3. Operating Business Segments

8.5.4. Product Portfolio

8.5.5. Financial Performance (As per availability)

8.5.6. Key News

8.6 Evonik Industries AG

8.6.1. Company Overview

8.6.2. Key Executives

8.6.3. Operating Business Segments

8.6.4. Product Portfolio

8.6.5. Financial Performance (As per availability)

8.6.6. Key News

8.7 Huntsman Corporation

8.7.1. Company Overview

8.7.2. Key Executives

8.7.3. Operating Business Segments

8.7.4. Product Portfolio

8.7.5. Financial Performance (As per availability)

8.7.6. Key News

8.8 Hyosung Corporation

8.8.1. Company Overview

8.8.2. Key Executives

8.8.3. Operating Business Segments

8.8.4. Product Portfolio

8.8.5. Financial Performance (As per availability)

8.8.6. Key News

8.9 Indorama Ventures PCL

8.9.1. Company Overview

8.9.2. Key Executives

8.9.3. Operating Business Segments

8.9.4. Product Portfolio

8.9.5. Financial Performance (As per availability)

8.9.6. Key News

8.10 INVISTA

8.10.1. Company Overview

8.10.2. Key Executives

8.10.3. Operating Business Segments

8.10.4. Product Portfolio

8.10.5. Financial Performance (As per availability)

8.10.6. Key News

8.11 Kolon Industries Inc.

8.11.1. Company Overview

8.11.2. Key Executives

8.11.3. Operating Business Segments

8.11.4. Product Portfolio

8.11.5. Financial Performance (As per availability)

8.11.6. Key News

8.12 Kraiburg TPE GmbH & Co. KG

8.12.1. Company Overview

8.12.2. Key Executives

8.12.3. Operating Business Segments

8.12.4. Product Portfolio

8.12.5. Financial Performance (As per availability)

8.12.6. Key News

8.13 Lycra Inc.

8.13.1. Company Overview

8.13.2. Key Executives

8.13.3. Operating Business Segments

8.13.4. Product Portfolio

8.13.5. Financial Performance (As per availability)

8.13.6. Key News

8.14  Mitsui Chemicals, Inc.

8.14.1. Company Overview

8.14.2. Key Executives

8.14.3. Operating Business Segments

8.14.4. Product Portfolio

8.14.5. Financial Performance (As per availability)

8.14.6. Key News

8.15 Perstorp Holding AB

8.15.1. Company Overview

8.15.2. Key Executives

8.15.3. Operating Business Segments

8.15.4. Product Portfolio

8.15.5. Financial Performance (As per availability)

8.15.6. Key News

8.16 RadiciGroup S.p.A.

8.16.1. Company Overview

8.16.2. Key Executives

8.16.3. Operating Business Segments

8.16.4. Product Portfolio

8.16.5. Financial Performance (As per availability)

8.16.6. Key News

8.17 Reliance Industries Limited

8.17.1. Company Overview

8.17.2. Key Executives

8.17.3. Operating Business Segments

8.17.4. Product Portfolio

8.17.5. Financial Performance (As per availability)

8.17.6. Key News

8.18 SABIC

8.18.1. Company Overview

8.18.2. Key Executives

8.18.3. Operating Business Segments

8.18.4. Product Portfolio

8.18.5. Financial Performance (As per availability)

8.18.6. Key News

8.19 Solvay SA

8.19.1. Company Overview

8.19.2. Key Executives

8.19.3. Operating Business Segments

8.19.4. Product Portfolio

8.19.5. Financial Performance (As per availability)

8.19.6. Key News

8.20 Teijin Limited

8.20.1. Company Overview

8.20.2. Key Executives

8.20.3. Operating Business Segments

8.20.4. Product Portfolio

8.20.5. Financial Performance (As per availability)

8.20.6. Key News

Global Butanediol Polytetramethylene Ether Glycol Spandex Market Segmentation

Butanediol Polytetramethylene Ether Glycol Spandex by Type: Market Size & Forecast 2023-2030

• Conventional Spandex
• Bio-based Spandex

Butanediol Polytetramethylene Ether Glycol Spandex by Application: Market Size & Forecast 2023-2030

• Apparel
• Home Textile
• Industrial

Butanediol Polytetramethylene Ether Glycol Spandex by Geography: Market Size & Forecast 2023-2030

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major players:

• Asahi Kasei Corporation
• BASF SE
• Covestro AG
• DowDuPont Inc.
• Eastman Chemical Company
• Evonik Industries AG
• Huntsman Corporation
• Hyosung Corporation
• Indorama Ventures PCL
• INVISTA
• Kolon Industries Inc.
• Kraiburg TPE GmbH & Co. KG
• Lycra Inc.
• Mitsui Chemicals, Inc.
• Perstorp Holding AB
• RadiciGroup S.p.A.
• Reliance Industries Limited
• SABIC
• Solvay SA
• Teijin Limited