Polytetrahydrofuran Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027


Future Market Insights

$ 5000

Polytetrahydrofuran or poly THF is created through catalyzed polymerization of tetrahydrofuran. Improvement of bio-based spandex is relied upon to fuel the demand in the polytetrahydrofuran market within the forecast period from 2017 to 2027. Petro-based poly THF is generally utilized in various sector for example, leather, sports equipment, manufacturing, medical devices, apparel, etc. But there are different favorable circumstances of bio-based Polytetrahydrofuran over petro-based Polytetrahydrofuran.

Bio-Based Poly THF to Augment Market Demand Further

  • Bio-based poly THF decreases outflows as it is extracted from sustainable materials. Additionally, different aspects of petro-based poly THF, for example, protection from microorganisms, strength at extreme temperatures, and so forth are likely to fuel the demand regarding petro-based poly THF in the future years. Polytetrahydrofuran is broadly utilized in the making of elastic fibers and polyurethane resins.. A portion of the acclaimed brands of Polytetrahydrofuran mixes are Tetrathane (Invista) and Poly THF (BASF SE).
  • Surging demand for Polytetrahydrofuran from textile and sportswear industry is additionally foreseen to drive the development of Polytetrahydrofuran market in in the span of coming years. Asia Pacific is foreseen to be among the most encouraging revenue producing market of polytetrahydrofuran and is relied upon to develop at a noteworthy rate within the coming years. Because of rise in spandex and expanding production limit, China is relied upon to be the highly developing nation from Asia Pacific area in the polytetrahydrofuran market. Expanding interest for spandex from China is foreseen to raise the interest for polytetrahydrofuran in not so distant future. Europe and North America are relied upon to observe moderate development during the figure time frame.

Polytetrahydrofuran (poly THF), also known as poly tetramethylene ether glycol or poly tetramethylene oxide, is produced through catalyzed polymerization of tetrahydrofuran. It is a white solid waxy substance which melts at room temperature and turns into a colorless, clear and viscous liquid. This compound is insoluble in water. Polytetrahydrofuran is widely used in the manufacturing of polyurethane resins and elastic fibers. Some of the famous brands of Polytetrahydrofuran compounds are Poly THF (BASF SE) and Tetrathane (Invista).

Based on application, the spandex fibers is expected to dominate the global polytetrahydrofuran market. Spandex fibers are mainly used during the manufacturing of apparels including hosiery, bandages, baby diapers, athletic outfits and home furnishings. Due to a decline in the prices of raw materials used in the production of polytetrahydrofuran, the price of polytetrahydrofuran is expected to decline during the forecast period. Based on end use, the textile industry segment is expected to dominate the global polytetrahydrofuran market during the forecast period. However, the paints & coatings segment is projected to show significant growth in near future. Based on the product type, the chemical byproduct segment is expected to be the most promising revenue generating segment. However, synthesis poly THF is projected to witness significant growth by the end of 2025.

Polytetrahydrofuran Market: Dynamics

Development of bio-based spandex is expected to propel the demand for Polytetrahydrofuran market during the forecast period. Petro-based poly THF is widely used in several industries like apparel, leather, medical equipment manufacturing, sports equipment, etc.  However, there are various advantages of bio-based poly THF over petro-based poly THF. Bio-based poly THF reduces emissions as it is derived from renewable materials. Moreover, various attributes of petro-based poly THF such as resistance to microbes, stability at high temperatures, etc. are expected to upsurge the demand for petro-based poly THF in near future. However, petro-based poly THF is expected to dominate the global poly THF market owing to its low price.

Increasing demand for Polytetrahydrofuran from sportswear and textile industry is also anticipated to drive the growth of Polytetrahydrofuran market in near future. Moreover, various features of poly THF like flexibility at low temperatures, non-allergenic properties, long shelf life and excellent hydrolytic stability is expected to upsurge the demand for poly THF during the forecast period. Furthermore, growing consumer preference towards the use of inexpensive, durable and elastic materials is also anticipated to drive the growth of the Polytetrahydrofuran market in near future.

Polytetrahydrofuran Market: Segmentation

The global Polytetrahydrofuran market can be segmented on the basis of product type, application and end use. On the basis of product type, the global Polytetrahydrofuran market can be segmented into chemical byproduct poly THF and synthesis poly THF. On the basis of applications, the market can be further segmented into thermoplastic polyurethane elastomers, polyurethanes (elastomers), cast elastomers, spandex fibers and co-polyester ether elastomers. On the basis of end use, the global polytetrahydrofuran market can be further segmented into paints & coatings, textiles, adhesives and sealants, industrial applications, artificial leather, leisure & sports and automotive.

Polytetrahydrofuran Market: Regional Outlook

Based on regions, Asia Pacific is anticipated to be the most promising revenue generating market of polytetrahydrofuran and is expected to grow at a significant rate during the forecast period. Due to rise in demand for spandex and increasing capacity expansion, China is expected to be the major emerging country from Asia Pacific region in the polytetrahydrofuran market. Increasing demand for spandex from China is anticipated to escalate the demand for polytetrahydrofuran in near future. North America and Europe are expected to witness moderate growth during the forecast period.

Polytetrahydrofuran Market: Key Players

Some of the key players identified in the global polytetrahydrofuran market are mentioned below:



  • Dairen Chemical Corporation (DCC)

  • Mitsubishi Chemicals

  • Ashland Inc.

  • Korea PT Co., Ltd.

  • Shanxi Sanwei Group Co., Ltd.

  • Sinopec Yizheng

Given the stringent government regulations in other regions, major players in the global polytetrahydrofuran market like BASF and Dairen Chemical Corporation are expanding their manufacturing base to China.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.

The report covers exhaustive analysis on:

  • Market Segments

  • Market Dynamics

  • Market Size

  • Supply & Demand

  • Current Trends/Issues/Challenges

  • Competition & Companies involved

  • Technology

  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)

  • Latin America (Mexico, Brazil and Rest of Latin America)

  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)

  • Eastern Europe (Poland, Russia and Rest of Eastern Europe)

  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)

  • Japan

  • Middle East and Africa (GCC, S. Africa, and Rest of MEA)

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.