According to the most recent market research published by Future Market Insights, the global Polytetrahydrofuran (Poly THF) Market is valued at US$ 5,524.8 Million in 2022 and is expected to grow at a CAGR of 6.1% between 2022 and 2032.

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 that 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, spandex fibers are expected to dominate the global polytetrahydrofuran market. Spandex fibers are mainly used during the manufacturing of apparel including hosiery, bandages, baby diapers, athletic outfits, and home furnishings.

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Polytetrahydrofuran Market: Key Players

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

• BASF SE
• INVISTA
• 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.

Polytetrahydrofuran Market Segmentation

By Product Type:

• Petro Based Poly THF
• Bio Based Poly THF

By Application:

• Spandex Fibers
• Thermoplastic Polyurethane
• Co-polyester-ether Elastomer
• Cast Polyurethane Elastomers
• Others

By End Use:

• Automotive Parts
• Textiles
• Hose & Tubing
• Artificial Leather
• Others

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 the rise in demand for spandex and increasing capacity expansion, China is expected to be the major emerging country from the 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.