Market Overview:
The global THF (Tetrahydrofuran) market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The growth in the market can be attributed to the increasing demand for THF from various applications such as PTMEG, adhesives, pharmaceuticals, coatings and others. Additionally, the growing demand for THF from emerging countries is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period. On basis of type, dehydration of 1,4-butanediol accounted for a major share in 2017 and is projected to grow at a CAGR of 5.8% during 2018-2030 owing to its growing application in PTMEG production process across different regions globally.
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Product Definition:
A colorless, water-insoluble, flammable liquid with a slightly ether-like odor. It is used as an organic solvent in the manufacture of plastics, textiles, and pharmaceuticals.
Dehydration of 1,4-Butanediol:
The BDO market has been growing at a steady pace owing to its increasing demand for manufacturing THF.
Maleic anhydride method:
Maleic anhydride method is used to produce THF (Tetrahydrofuran) which is a colorless, odorless liquid. It has applications in the chemical industry as an intermediate for manufacturing various chemicals and pharmaceuticals. The method involves the reaction of maleic acid with di-tetrahydrofuran which produces THF as a byproduct.
Application Insights:
The PTMEG application segment accounted for the largest share of over 50.0% in 2017. This is attributed to extensive use of THF as a solvent in the manufacturing process for producing PTMEG, which is further used as an intermediate chemical in various industrial applications including pharmaceuticals and coatings. The maleic anhydride method is one of the most commonly used processes to produce PTMEG owing to its low cost and easy accessibility, which also reduces environmental impact due to reduced consumption of hazardous chemicals during production process compared to other methods such as Fural or Furfural methods.
The demand for THF has increased significantly across all major regions on account of its increasing usage across different industries including pharmaceuticals.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for polyurethane materials from various end-use industries, such as automotive, packaging and construction. This can be attributed to rising investments by multinational companies in this region along with growing consumer awareness regarding sustainable products.
The Asia Pacific was followed by Europe which accounted for 20% of the total revenue share in 2017 on account of high consumption levels coupled with presence of major manufacturers including BASF SE and Evonik Industries AGD. In addition, stringent regulations laid down by REACH are anticipated to drive product demand further over the coming years.
Growth Factors:
- Increasing demand from end-use industries such as pharmaceuticals, agrochemicals, and textiles
- Rising production of THF in China and other Asian countries
- Growing use of THF in solvents for the production of polyurethanes
- Increasing investment in research and development for new applications of THF
- Expansion of global trade
Scope Of The Report
Report Attributes
Report Details
Report Title
THF (Tetrahydrofuran) Market Research Report
By Type
Dehydration of 1,4-Butanediol, Maleic anhydride method, Furfural method, Others
By Application
PTMEG, Adhesives, Pharmaceutical, Coatings, Others
By Companies
BASF, Mitsubishi Chemical, Zibo Zhongfa Chemical, Zouping Mingxing Chemical, Energy Chemical, Anhui Royal Chemical, Shijiazhuang Suking Biotechnology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global THF (Tetrahydrofuran) Market Report Segments:
The global THF (Tetrahydrofuran) market is segmented on the basis of:
Types
Dehydration of 1,4-Butanediol, Maleic anhydride method, Furfural method, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
PTMEG, Adhesives, Pharmaceutical, Coatings, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Mitsubishi Chemical
- Zibo Zhongfa Chemical
- Zouping Mingxing Chemical
- Energy Chemical
- Anhui Royal Chemical
- Shijiazhuang Suking Biotechnology
 Market Overview.svg)
Highlights of The THF (Tetrahydrofuran) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dehydration of 1,4-Butanediol
- Maleic anhydride method
- Furfural method
- Others
- By Application:
- PTMEG
- Adhesives
- Pharmaceutical
- Coatings
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the THF (Tetrahydrofuran) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
THF is a colorless, volatile liquid with a sweet odor. It is used as an organic solvent and in the manufacture of plastics and other materials.
Some of the key players operating in the thf (tetrahydrofuran) market are BASF, Mitsubishi Chemical, Zibo Zhongfa Chemical, Zouping Mingxing Chemical, Energy Chemical, Anhui Royal Chemical, Shijiazhuang Suking Biotechnology.
The thf (tetrahydrofuran) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 THF (Tetrahydrofuran) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 THF (Tetrahydrofuran) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 THF (Tetrahydrofuran) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the THF (Tetrahydrofuran) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global THF (Tetrahydrofuran) Market Size & Forecast, 2020-2028
4.5.1 THF (Tetrahydrofuran) Market Size and Y-o-Y Growth
4.5.2 THF (Tetrahydrofuran) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dehydration of 1
5.2.2 4-Butanediol
5.2.3 Maleic anhydride method
5.2.4 Furfural method
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 PTMEG
6.2.2 Adhesives
6.2.3 Pharmaceutical
6.2.4 Coatings
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global THF (Tetrahydrofuran) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 THF (Tetrahydrofuran) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dehydration of 1
9.6.2 4-Butanediol
9.6.3 Maleic anhydride method
9.6.4 Furfural method
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 PTMEG
9.10.2 Adhesives
9.10.3 Pharmaceutical
9.10.4 Coatings
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dehydration of 1
10.6.2 4-Butanediol
10.6.3 Maleic anhydride method
10.6.4 Furfural method
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 PTMEG
10.10.2 Adhesives
10.10.3 Pharmaceutical
10.10.4 Coatings
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dehydration of 1
11.6.2 4-Butanediol
11.6.3 Maleic anhydride method
11.6.4 Furfural method
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 PTMEG
11.10.2 Adhesives
11.10.3 Pharmaceutical
11.10.4 Coatings
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dehydration of 1
12.6.2 4-Butanediol
12.6.3 Maleic anhydride method
12.6.4 Furfural method
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 PTMEG
12.10.2 Adhesives
12.10.3 Pharmaceutical
12.10.4 Coatings
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dehydration of 1
13.6.2 4-Butanediol
13.6.3 Maleic anhydride method
13.6.4 Furfural method
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 PTMEG
13.10.2 Adhesives
13.10.3 Pharmaceutical
13.10.4 Coatings
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 THF (Tetrahydrofuran) Market: Competitive Dashboard
14.2 Global THF (Tetrahydrofuran) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Mitsubishi Chemical
14.3.3 Zibo Zhongfa Chemical
14.3.4 Zouping Mingxing Chemical
14.3.5 Energy Chemical
14.3.6 Anhui Royal Chemical
14.3.7 Shijiazhuang Suking Biotechnology
