According to statistical data, it is predicted that the market size of China's tetrahydrofuran industry will reach 1.294 billion yuan in 2023, and the market size of China's tetrahydrofuran industry will reach 1.704 billion yuan in 2028.
From the overall perspective of the industry, the market size of tetrahydrofuran will further expand.
In terms of overall market demand, the main downstream product of tetrahydrofuran, spandex, has a widely recognized good development prospect.
Spandex has excellent properties of improving fabric elasticity and maintaining shape, and is widely used in the production and manufacturing of high elasticity and high-performance clothing. In recent years, the demand in the clothing industry has recovered, and the global clothing consumption structure has been adjusted and optimized. The market size of high spandex content clothing will continue to expand in the future.
In addition, in recent years, spandex has gradually increased its promotion and application in industries such as medical and health products, automotive decoration, and national defense, forming a new growth point in market demand.
The rapid expansion of downstream industries such as spandex will drive the demand for upstream raw materials, and it is expected that the tetrahydrofuran industry will usher in broad development space.
Content collected and organized from the internet. If there is any infringement, please contact us for deletion
