Tetrahydrofuran Market Segmentation:
End-user
The textile segment is predicted to dominate the market share over the projected time frame. The segment growth can be attributed to 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.
Application
The polytetramethylene ether glycol (PTMEG) segment is expected to garner significant share by 2035. 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 propelled by 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:
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