Tetrahydrofuran Market Size

Tetrahydrofuran Market size was over USD 4.72 billion in 2024 and is likely to cross USD 13.4 billion by the end of 2037, witnessing more than 8.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of tetrahydrofuran is estimated at USD 5.04 billion.

The growth of the market can be attributed to the attributed to increasing demand for tetrahydrofuran (THF) from end user industries, rising number of construction and infrastructural development projects in the world. In 2020, the revenue of the construction industry in the United States alone reached to USD 1.3 billion. The value was almost USD 1 billion in 2018.

In addition to these, factors that are believed to fuel the market growth of tetrahydrofuran include the growing requirement for spandex from textile industry. Tetrahydrofuran is highly used for the manufacturing of the chemical that are used for manufacture swimsuits, sportswear and casual wear. Moreover, rise in usage of THF as adhesive, coating agent and reaction medium is also expected to boost market growth in the upcoming years. Furthermore, high demand for polyvinyl chloride (PVC) and polyurethane manufacturing is projected to offer lucrative opportunities to the market in the near future.