Market Overview:
The global tetrahydrofuran market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tetrahydrofuran from various applications such as PTMEG, adhesives, pharmaceuticals, coatings and others.
Product Definition:
A colorless, flammable liquid with a characteristic ether-like odor. It is used as an organic solvent and in the production of polyesters.
The dehydration of 1,4-Butanediol:
The dehydration of 1,4-butanediol (BDO) is a process to remove water from the chemical compound. It's major application includes in the production of tetrahydrofuran (THF), which is an important industrial solvent used across various end-use industries such as cosmetics, pharmaceuticals and agrochemicals.
Maleic anhydride method:
Maleic anhydride is a chemical that is obtained from maleic acid and anhydrous hydrogen sulfide. It has the formula (CH2)nH2O. The process of obtaining maleic anhydride from this reaction between sulfur and fumaric acid, which are both in solid form at room temperature, takes place through a crystallization process.
Application Insights:
The PTMEG application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. This is attributed to rising demand from various end-use industries including automotive, construction, electronics, and packaging. The PTMEG industry has been growing significantly owing to increasing demand for fuel cells across several applications such as transportation and power generation.
The maleic anhydride (MA) method was the second largest application in 2017 due to high consumption of FHx by Maleic Anhydride (Mg), Ethylene Oxide (OmegaOMe), And Gamma-Butyrolactone (GBL) Production Processes Industry which is based on polymers used as a building block for producing adhesives & sealants that are widely utilized across several industries such as construction & architecture, automotive & transportation among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 68.2% in 2017, which can be attributed to increasing demand from end-use industries such as coatings, adhesives and pharmaceuticals. China is projected to remain a key consumer owing to rapid industrialization coupled with an increase in per capita disposable income levels over the past few years.
The growing population coupled with rising living standards have resulted into increased consumption of food products across Asia Pacific countries such as India, Indonesia.
Growth Factors:
- Increasing demand from end-use industries such as pharmaceuticals, agrochemicals, and textiles
- Growing application of THF in solvents for polyurethane foam production
- Rising popularity of tetrahydrofuran as a green solvent owing to its environmental compatibility
- Proliferation of new technologies for the production of tetrahydrofuran
- Stringent environmental regulations encouraging the use of green solvents
Scope Of The Report
Report Attributes
Report Details
Report Title
Tetrahydrofuran Market Research Report
By Type
The dehydration of 1,4-Butanediol, Maleic anhydride method, Furfural method, Others
By Application
PTMEG, Adhesives, Pharmaceutical, Coatings, Others
By Companies
BASF, Invista, Penn A Kem, LyondellBasell, Ashland, Mitsubishi, Korea PTG, Sipchem, Dairen Chem, Bluestar Chem, Qianguo Chem, Markor Chem, Shanxi Sanwei Group, Zibo Hualiyuan
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Tetrahydrofuran Market Report Segments:
The global Tetrahydrofuran market is segmented on the basis of:
Types
The 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
- Invista
- Penn A Kem
- LyondellBasell
- Ashland
- Mitsubishi
- Korea PTG
- Sipchem
- Dairen Chem
- Bluestar Chem
- Qianguo Chem
- Markor Chem
- Shanxi Sanwei Group
- Zibo Hualiyuan
Highlights of The 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:
- The 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 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.
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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?
Tetrahydrofuran is a chemical compound with the formula H2OCHF4. It is a colorless, volatile liquid that has a sweet odor. Tetrahydrofuran is used in industrial and pharmaceutical applications, most notably as an additive to gasoline to reduce emissions.
Some of the major companies in the tetrahydrofuran market are BASF, Invista, Penn A Kem, LyondellBasell, Ashland, Mitsubishi, Korea PTG, Sipchem, Dairen Chem, Bluestar Chem, Qianguo Chem, Markor Chem, Shanxi Sanwei Group, Zibo Hualiyuan.
The tetrahydrofuran market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tetrahydrofuran Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tetrahydrofuran Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tetrahydrofuran Market - Supply Chain
4.5. Global Tetrahydrofuran Market Forecast
4.5.1. Tetrahydrofuran Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tetrahydrofuran Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tetrahydrofuran Market Absolute $ Opportunity
5. Global Tetrahydrofuran Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tetrahydrofuran Market Size and Volume Forecast by Type
5.3.1. The dehydration of 1,4-Butanediol
5.3.2. Maleic anhydride method
5.3.3. Furfural method
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tetrahydrofuran Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tetrahydrofuran Market Size and Volume Forecast by Application
6.3.1. PTMEG
6.3.2. Adhesives
6.3.3. Pharmaceutical
6.3.4. Coatings
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tetrahydrofuran Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tetrahydrofuran Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tetrahydrofuran Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tetrahydrofuran Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tetrahydrofuran Demand Share Forecast, 2019-2026
9. North America Tetrahydrofuran Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tetrahydrofuran Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tetrahydrofuran Market Size and Volume Forecast by Application
9.4.1. PTMEG
9.4.2. Adhesives
9.4.3. Pharmaceutical
9.4.4. Coatings
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tetrahydrofuran Market Size and Volume Forecast by Type
9.7.1. The dehydration of 1,4-Butanediol
9.7.2. Maleic anhydride method
9.7.3. Furfural method
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tetrahydrofuran Demand Share Forecast, 2019-2026
10. Latin America Tetrahydrofuran Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tetrahydrofuran Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tetrahydrofuran Market Size and Volume Forecast by Application
10.4.1. PTMEG
10.4.2. Adhesives
10.4.3. Pharmaceutical
10.4.4. Coatings
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tetrahydrofuran Market Size and Volume Forecast by Type
10.7.1. The dehydration of 1,4-Butanediol
10.7.2. Maleic anhydride method
10.7.3. Furfural method
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tetrahydrofuran Demand Share Forecast, 2019-2026
11. Europe Tetrahydrofuran Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tetrahydrofuran Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tetrahydrofuran Market Size and Volume Forecast by Application
11.4.1. PTMEG
11.4.2. Adhesives
11.4.3. Pharmaceutical
11.4.4. Coatings
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tetrahydrofuran Market Size and Volume Forecast by Type
11.7.1. The dehydration of 1,4-Butanediol
11.7.2. Maleic anhydride method
11.7.3. Furfural method
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tetrahydrofuran Demand Share, 2019-2026
12. Asia Pacific Tetrahydrofuran Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tetrahydrofuran Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tetrahydrofuran Market Size and Volume Forecast by Application
12.4.1. PTMEG
12.4.2. Adhesives
12.4.3. Pharmaceutical
12.4.4. Coatings
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tetrahydrofuran Market Size and Volume Forecast by Type
12.7.1. The dehydration of 1,4-Butanediol
12.7.2. Maleic anhydride method
12.7.3. Furfural method
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tetrahydrofuran Demand Share, 2019-2026
13. Middle East & Africa Tetrahydrofuran Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tetrahydrofuran Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tetrahydrofuran Market Size and Volume Forecast by Application
13.4.1. PTMEG
13.4.2. Adhesives
13.4.3. Pharmaceutical
13.4.4. Coatings
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tetrahydrofuran Market Size and Volume Forecast by Type
13.7.1. The dehydration of 1,4-Butanediol
13.7.2. Maleic anhydride method
13.7.3. Furfural method
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tetrahydrofuran Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tetrahydrofuran Market: Market Share Analysis
14.2. Tetrahydrofuran Distributors and Customers
14.3. Tetrahydrofuran Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Invista
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Penn A Kem
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LyondellBasell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ashland
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Korea PTG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sipchem
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dairen Chem
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bluestar Chem
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Qianguo Chem
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Markor Chem
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shanxi Sanwei Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Zibo Hualiyuan
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
