Tetrahydrofuran Market Development Analysis: Future Prospects and Current Challenges

In recent years, China's tetrahydrofuran production technology has achieved significant progress. Since the late 20th century, domestic enterprises have gradually adopted the BDO dehydration and cyclization method, which has become the mainstream process for tetrahydrofuran production. This technology not only improves production efficiency, but also reduces production costs, allowing domestic tetrahydrofuran to occupy a place in the market. According to statistics, as of the end of April 2022, China's total PBAT production capacity planned to be put into production in the next three years is expected to exceed 4.49 million tons/year. This expansion is bound to further increase the supply of Tetrahydrofuran.

In terms of market demand, tetrahydrofuran, as an important chemical intermediate, is mainly used to produce products such as polyurethane (PTMEG) and spandex. With the rapid expansion of the spandex market, the demand for THF continues to grow. In addition to the textile industry, THF is also widely used in pharmaceutical manufacturing and the production of other chemical products. In addition, as a high-performance solvent, the application of tetrahydrofuran in coatings, cleaners and other fields is also gradually expanding.

However, challenges and opportunities coexist. Currently, factors such as uncertainty in the domestic and foreign economic environment, fluctuations in raw material prices, and adjustments to domestic and foreign policies may affect the stable development of the THF market. Especially in the context of the restructuring of the global supply chain, how to ensure the stability and cost-effectiveness of raw material supply is a major problem facing manufacturing companies.

Looking to the future, with the advancement of technology and the increase in market demand, the development of tetrahydrofuran will continue to maintain growth momentum.