테트라히드로푸란(THF) 시장은 2024년에 46억 8,000만 달러로 평가되며, 2030년에는 CAGR 5.31%로 63억 2,000만 달러에 달할 것으로 예측됩니다.
테트라히드로푸란은 무색투명한 액체로 에테르 냄새가 납니다. 테트라히드로푸란은 물보다 밀도가 낮은 액체입니다. 테트라히드로푸란은 인체 생체액에 존재하며, 노출 물질이 될 수 있습니다. 테트라히드로푸란은 겔 침투 작용을 이용하여 분자량을 측정하기 전에 고무를 용해시키는 데 자주 사용되므로 화합물 과학에서 자주 사용됩니다. 테트라 하이드로 푸란의 가장 일반적인 용도 중 하나는 용제니다. 테트라히드로푸란은 대체 유기 화합물을 용해하거나 용액을 형성합니다. 예를 들어 테트라히드로푸란은 비닐 폴리머(PVC)를 제조할 때 가장 많이 사용되는 용제니다. 테트라 하이드로 푸란의 생산에는 많은 공정이 있습니다. 테트라 하이드로 푸란은 종종 알데히드에서 탄소화 및 화학 공정을 통해 공장에서 제조됩니다. 테트라히드로푸란은 말레인산 화합물로부터 화학적 변화 화학작용을 통해 공장 생산할 수도 있습니다. 그러나 테트라 하이드로 푸란 생산의 가장 널리 사용되는 방법은 4- 부탄디올의 탈수 및 고리화입니다. 테트라 하이드로 푸란 생산의 대체 방법은 디클로로 부탄 방법론과 탄화수소 반응 방법론을 포함합니다.
| 시장 개요 | |
|---|---|
| 예측 기간 | 2026-2030년 |
| 시장 규모 : 2024년 | 46억 8,000만 달러 |
| 시장 규모 : 2030년 | 63억 2,000만 달러 |
| CAGR : 2025-2030년 | 5.31% |
| 급성장 부문 | 레페 프로세스 |
| 최대 시장 | 아시아태평양 |
테트라히드로푸란은 일반적으로 중합하여 폴리테트라메틸렌에테르글리콜(PTMEG)을 생성합니다. PTMEG는 많은 섬유의 원료로 사용되며, 섬유 사업에서도 간격을 두고 사용되는 경우가 많습니다. 섬유가 제공하는 강력한 강도와 스냅으로 인해 의류 및 섬유 산업에서 섬유에 대한 수요가 증가함에 따라 예측 기간 내에 테트라 하이드로 푸란 시장의 확장 전망을 자극하고 PTMEG 생산량 증가에 대한 다이오드를 가지고 있습니다. 또한 코팅, 바니시 생산, 화학 중간체, 실험용 화학 물질, 원유 생산 공정의 보조제, 제약 분야의 반응 매체로 사용되는 등 다양한 제품 용도가 시장 성장을 가속하고 있습니다. 테트라 하이드로 푸란은 폴리 테트라메틸렌 에테르 글리콜의 제조에 사용됩니다. 테트라히드로푸란은 휘발성이 매우 높은 유기용매로 화학공정에 의한 고분자량 에테르 화합물의 조제 등 다양한 합성의 원료로 활용되고 있습니다. 폴리우레탄의 높은 수요와 에너지 시장의 고성장 등의 요인이 시장 확대에 전적으로 기여하고 있습니다.
폴리머 산업에서 테트라 하이드로 푸란 수요 증가
원자재 가격 변동
환경과 규제에 대한 관심 증가
Tetrahydrofuran Market was valued at USD 4.68 billion in 2024 and is expected to reach USD 6.32 Billion by 2030 with a CAGR of 5.31%. Tetrahydrofuran (THF) is a clear and colorless liquid with an ethereal odor. The liquid is a smaller amount dense than water. Tetrahydrofuran seems in human biofluids and could be a material of exposure. THF is commonly employed in compound science as it is often wont to dissolve rubber before determining its molecular mass exploitation gel permeation action. One of the foremost common applications of Tetrahydrofuran is as a solvent. THF dissolves or forms solutions with alternative organic compounds. For instance, within the industry, THF is the solvent that is the most well-liked in creating vinyl polymer (PVC). There are many processes used for the production of Tetrahydrofuran (THF). Tetrahydrofuran (THF) is often factory-made exploitation of aldehyde through the carbonylation and chemical process. Tetrahydrofuran (THF) can even be factory-made from maleic chemical compounds through chemical change chemical action. However, the foremost wide accepted method of Tetrahydrofuran (THF) production is through 4-butanediol dehydration and cyclization. alternative ways of Tetrahydrofuran (THF) production embrace the dichloro-butane methodology and hydrocarbon reaction methodology.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 4.68 Billion |
| Market Size 2030 | USD 6.32 Billion |
| CAGR 2025-2030 | 5.31% |
| Fastest Growing Segment | Reppe Process |
| Largest Market | Asia-Pacific |
THF is usually polymerized to create Polytetramethylene Ether Glycol (PTMEG) that is often used as stuff for numerous fibers, as well as textile, at intervals in the textile business. Rising demand for textile from attire and textile industries due to the strong strength and snap offered by the fiber has diode to a rise within the PTMEG production, stimulating the expansion prospects of the Tetrahydrofuran Market within the forecast period. The market growth is additionally propelled by a bunch of alternative product applications as well as coatings, production of varnishes, employed in chemical intermediate, as a laboratory chemical, process aid within the production of crude, and use as a reaction medium within the pharmaceutical sector. Tetrahydrofuran is employed in polytetramethylene ether glycol production. Tetrahydrofuran is an extremely volatile organic solvent utilized as stuff for various syntheses like for the formulation of ether chemicals having high molecular mass by the chemical process. Factors like the high demand for polyurethane and the high growth in energy markets are completely poignant to the expansion of the market.
Key Market Drivers
Growing Demand of Tetrahydrofuran in Polymer Industry
Tetrahydrofuran (THF) is not only an organic compound but also a versatile colorless liquid with an ether-like odor. It finds its primary use as a precursor to polymers, making it an indispensable component in various industrial applications. One of the most crucial applications of THF lies in the production of polytetramethylene ether glycol (PTMEG), a raw material that plays a pivotal role in the manufacturing of spandex fibers. In 2021, global plastics production reached approximately 390.7 million tonnes, with China contributing the largest share at nearly 29%-32%, making it the leading producer worldwide. This data, sourced from Conversio Market & Strategy GmbH and nova-Institute, highlights China's central role in the global polymer industry. Regions like North America accounted for 18%, followed by the EU at 15%-19%, Rest of Asia at 17%, and other regions including Latin America, CIS, and Japan contributing smaller shares. This widespread and increasing demand for plastics directly supports the growth of Tetrahydrofuran (THF), a critical solvent and intermediate used primarily in the production of polytetramethylene ether glycol (PTMEG), a precursor for spandex fibers. THF is also essential in manufacturing high-performance polymers and resins. As polymer production scales up globally, especially in applications requiring flexibility, durability, and resistance such as coatings, adhesives, and elastomers the demand for THF is expected to rise steadily, driven by strong industrial expansion across these regions.
Spandex, renowned for its exceptional elasticity and stretchability, has become a staple in the textile industry. It is extensively utilized in the production of a wide range of clothing items, including sportswear, casual wear, and undergarments. The global textile industry, experiencing exponential growth, has resulted in an increased demand for spandex. Consequently, the demand for PTMEG and THF, as essential components in spandex production, has witnessed a significant surge.
The escalating demand for Tetrahydrofuran in the polymer industry serves as a major driving force behind the global THF market. With the continuous expansion of the textile industry and the ever-growing need for spandex and other THF-based products, the demand for THF is projected to soar even higher. This presents a remarkable opportunity for key players in the Tetrahydrofuran market to enhance their production capacities and cater to the burgeoning market, thereby solidifying their position in the industry.
Key Market Challenges
Volatility in Prices of Raw Materials
Tetrahydrofuran (THF) is a versatile organic compound, characterized by its colorless liquid form and ether-like odor. With its wide range of applications, THF serves as a crucial precursor to polymers in industries such as pharmaceuticals, polymers, and coatings. The production of THF involves the utilization of 1,4-butanediol, which is derived from butadiene, a byproduct of the steam cracking process. Consequently, any fluctuations in the prices of these raw materials can significantly impact the overall cost of producing THF.
Recent reports have shed light on the tight availability and soaring prices of the raw materials, amplifying the pricing trend of Tetrahydrofuran across different regions. The volatility in the prices of conventional fossil fuel-based raw materials, like butadiene, poses a substantial challenge for the growth of the THF market. Geopolitical events such as the ongoing war in Ukraine have contributed to the surge in prices and increased volatility in the raw material markets. These factors further exacerbate the challenges faced by the THF market. The fluctuations in raw material prices not only affect the production costs but also impact the overall profitability of businesses operating in the THF market. This volatility creates an atmosphere of uncertainty, making it difficult for companies to plan for the future and invest in capacity expansions.
Despite the availability of low-cost raw materials, the continuous price fluctuations pose a significant threat to the growth of the THF market. This volatility has the potential to hinder the dominant Tetrahydrofuran segment, which accounts for over 50% of the global market. In conclusion, while the demand for Tetrahydrofuran continues to grow across various industries, the volatility in raw material prices presents a significant challenge to the global THF market. To address this issue, companies may need to explore alternative raw materials, improve production efficiency, or consider passing on the increased costs to consumers. Navigating this challenge will be crucial for the future growth and sustainability of the global Tetrahydrofuran market.
Key Market Trends
Surge in Environmental and Regulatory Concerns
Tetrahydrofuran (THF) is an organic compound widely recognized as a vital precursor to polymers, finding extensive applications in diverse industries such as pharmaceuticals, polymers, and coatings. However, the utilization of THF, like many chemical compounds, can lead to adverse environmental effects. It is crucial to note that THF exhibits high flammability and, when released into the environment, it has the potential to contaminate the air, water, and soil. In recent years, a noticeable upsurge in environmental and regulatory concerns has emerged surrounding the production and use of chemicals, including THF. This surge is driven by an increasing awareness of the significant environmental impact associated with chemical production. Regulatory bodies and consumers alike are exerting mounting pressure for the adoption of greener and more sustainable practices.
To address these concerns, regulatory bodies worldwide are implementing stricter regulations on chemical manufacturing processes, aiming to minimize environmental harm caused by THF and other chemicals. Companies are now required to comply with regulations pertaining to emissions, waste disposal, and the use of hazardous substances. The impact of these environmental and regulatory concerns on the global THF market cannot be understated. Companies are now compelled to adapt their operations to adhere to more stringent regulations while also meeting the surging demand for environmentally friendly products.
In this report, the Global Tetrahydrofuran Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Tetrahydrofuran Market.
Global Tetrahydrofuran Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: