Tetrahydrofuran Market Analysis

End-user (Textile, Pharmaceutical, Paints, Coatings, Polymer)

The global tetrahydrofuran market is segmented and analyzed for demand and supply by end user into textile, pharmaceutical, paints and coatings, polymer, and others. Out of the five end-use industries of tetrahydrofuran, the textile segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing use of spandex made clothing followed by higher import and export of spandex material. Since people's need for comfortability has increased throughout the post-pandemic era, the added proportion of spandex in the textile and garment sectors has reportedly increased to around 10-25%. Furthermore, from January through November 2021, spandex exports increased by nearly 26% on a yearly basis to around 74 kt, with a monthly export of about 7,000 tonnes. In addition, from January to November 2021, imports of spandex increased by around 28%, or nearly 7,300 tonnes, on a yearly basis.

Application (Solvent, Polytetramethylene Ether Glycol (PTMEG)

The global tetrahydrofuran market is also segmented and analyzed for demand and supply by application into solvent, polytetramethylene ether glycol (PTMEG), and others. Amongst these three segments, the polytetramethylene ether glycol (PTMEG) segment is expected to garner a significant share. Rising use of polytetramethylene ether glycol (PTMEG) is the major growth driver of the segment. Tetrahydrofuran is converted into polytetramethylene ether glycol (PTMEG/PTG) using an acid-catalyzed polymerization process (THF). Tetramethylene ether units are repeatedly present in this straight-chain diol. Moreover, the segment growth is also expected on the account of rising use of polytetramethylene ether glycol (PTMEG) in increase the tensile strength of elastane. The PTMEG elastomer displayed around 67% retention of the initial tensile strength after 72 hours at 105°C and 100% RH.

Our in-depth analysis of the global market includes the following segments: