Polytetrahydrofuran Market

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

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 is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

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