Market Overview:
The global tetrahydrofurfuryl butyrate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for tetrahydrofurfuryl butyrate in various applications such as flavor and fragrance additive, pharmaceutical additive, and others. Tetrahydrofurfuryl butyrate is also used as an intermediate in the production of other chemicals. North America dominates the global tetrahydrofurfuryl butyrate market due to the presence of major players operating in this region and growing demand for flavoring agents in food & beverage industry.
Product Definition:
Tetrahydrofurfuryl butyrate (THFBU) is a synthetic organic compound with the formula CH3CH2CH2C(O)O. It is a colorless liquid that is soluble in organic solvents. Tetrahydrofurfuryl butyrate has been used as a plasticizer, an additive to fuel, and as an intermediate in the synthesis of other chemicals.
Purity Below98%:
Purity below98% is a new term in the Tetrahydrofurfuryl Butyrate (THF) market. It means that the product has been purified to such an extent that there is no contamination more than 2% by weight. THF produced from purity below98% can be used for higher end products as well as for internal purposes like research and development, pilot production or quality control.
Purity Greater than or equal to98%:
Tetrahydrofurfuryl butyrate (THF) is a chemical, which is used as an intermediate in the production of chemicals and pharmaceutical drugs. It has applications in cosmetics, rubber processing, construction materials manufacturing and petroleum refining industries. Tetrahydrofurfuryl butyrate market size was valued at USD 89 million in 2016 on account of its increasing demand from end-use industries such as cosmetics & personal care and pharmaceuticals.
Application Insights:
The demand for the product was dominated by flavor and fragrance additive application, which accounted for over 60% of the total market volume in 2017. The growing food and beverage industry across the globe is expected to drive consumption of flavored products, thereby influencing tetrahydrofurfuryl butyrate consumption positively.
Pharmaceuticals are anticipated to witness significant growth over the forecast period on account of rising health awareness among individuals coupled with increasing pharmaceutical research activities in North America and Europe. In addition, stringent regulations related to drug safety & efficacy are expected to further propel market growth during this period.
Other applications include chemical synthesis as well as oil-drilling muds formulation wherein it is used as a thickener and emulsifier along with other compounds such as di-2-ethylhexyl Phthalate (DOP) or Diisobutyl Phthalate (DiBP).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The region is anticipated to expand at a CAGR of XX% from 2018 to 2030 owing to increasing demand for food flavors, fragrances, pharmaceuticals, and others. China has been one of the largest markets for Tetrahydrofurfuryl butyrate with a share of 34% in terms of volume consumed globally.
The Asia Pacific was followed by Europe which accounted for 23% in terms of volume consumed globally in 2017 due primarily high spending on fragrance products along with other applications such as cosmetics and medicines among emerging economies including India, Brazil & Russia among others).
Growth Factors:
- Increasing demand for bio-based plastics and polymers
- Growing awareness about the benefits of Tetrahydrofurfuryl Butyrate over traditional petroleum-based plastics
- Rising investment in research and development for novel Tetrahydrofurfuryl Butyrate applications
- Technological advancements in production processes that reduce the cost of Tetrahydrofurfuryl Butyrate
- Stringent environmental regulations favoring the use of bio-based materials over traditional petrochemical products
Scope Of The Report
Report Attributes
Report Details
Report Title
Tetrahydrofurfuryl Butyrate Market Research Report
By Type
Purity Below98%, Purity Greater than or equal to98%, Others
By Application
Flavor and Fragrance Additive, Pharmaceutical Additive, Others
By Companies
Sigma-Aldrich, TCI Chemical, Thermofisher, Beijing LYS Chemicals, TAYTONN, ARS Biochem, Jiuding Chemical
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Tetrahydrofurfuryl Butyrate Market Report Segments:
The global Tetrahydrofurfuryl Butyrate market is segmented on the basis of:
Types
Purity Below98%, Purity Greater than or equal to98%, 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
Flavor and Fragrance Additive, Pharmaceutical Additive, 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:
- Sigma-Aldrich
- TCI Chemical
- Thermofisher
- Beijing LYS Chemicals
- TAYTONN
- ARS Biochem
- Jiuding Chemical
Highlights of The Tetrahydrofurfuryl Butyrate 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:
- Purity Below98%
- Purity Greater than or equal to98%
- Others
- By Application:
- Flavor and Fragrance Additive
- Pharmaceutical Additive
- 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 Tetrahydrofurfuryl Butyrate 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?
Tetrahydrofurfuryl butyrate is a chemical compound with the molecular formula CF4. It is a colorless liquid that has a sweet, fruity odor. Tetrahydrofurfuryl butyrate is used in cosmetics and fragrances to give them a floral or fruity smell.
Some of the key players operating in the tetrahydrofurfuryl butyrate market are Sigma-Aldrich, TCI Chemical, Thermofisher, Beijing LYS Chemicals, TAYTONN, ARS Biochem, Jiuding Chemical.
The tetrahydrofurfuryl butyrate market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tetrahydrofurfuryl Butyrate 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. Tetrahydrofurfuryl Butyrate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tetrahydrofurfuryl Butyrate Market - Supply Chain
4.5. Global Tetrahydrofurfuryl Butyrate Market Forecast
4.5.1. Tetrahydrofurfuryl Butyrate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tetrahydrofurfuryl Butyrate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tetrahydrofurfuryl Butyrate Market Absolute $ Opportunity
5. Global Tetrahydrofurfuryl Butyrate 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. Tetrahydrofurfuryl Butyrate Market Size and Volume Forecast by Type
5.3.1. Purity Below98%
5.3.2. Purity Greater than or equal to98%
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tetrahydrofurfuryl Butyrate 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. Tetrahydrofurfuryl Butyrate Market Size and Volume Forecast by Application
6.3.1. Flavor and Fragrance Additive
6.3.2. Pharmaceutical Additive
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tetrahydrofurfuryl Butyrate 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. Tetrahydrofurfuryl Butyrate 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 Tetrahydrofurfuryl Butyrate 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. Tetrahydrofurfuryl Butyrate 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 Tetrahydrofurfuryl Butyrate Demand Share Forecast, 2019-2026
9. North America Tetrahydrofurfuryl Butyrate 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 Tetrahydrofurfuryl Butyrate 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 Tetrahydrofurfuryl Butyrate Market Size and Volume Forecast by Application
9.4.1. Flavor and Fragrance Additive
9.4.2. Pharmaceutical Additive
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tetrahydrofurfuryl Butyrate Market Size and Volume Forecast by Type
9.7.1. Purity Below98%
9.7.2. Purity Greater than or equal to98%
9.7.3. 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 Tetrahydrofurfuryl Butyrate Demand Share Forecast, 2019-2026
10. Latin America Tetrahydrofurfuryl Butyrate 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 Tetrahydrofurfuryl Butyrate 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 Tetrahydrofurfuryl Butyrate Market Size and Volume Forecast by Application
10.4.1. Flavor and Fragrance Additive
10.4.2. Pharmaceutical Additive
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tetrahydrofurfuryl Butyrate Market Size and Volume Forecast by Type
10.7.1. Purity Below98%
10.7.2. Purity Greater than or equal to98%
10.7.3. 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 Tetrahydrofurfuryl Butyrate Demand Share Forecast, 2019-2026
11. Europe Tetrahydrofurfuryl Butyrate 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 Tetrahydrofurfuryl Butyrate 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 Tetrahydrofurfuryl Butyrate Market Size and Volume Forecast by Application
11.4.1. Flavor and Fragrance Additive
11.4.2. Pharmaceutical Additive
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tetrahydrofurfuryl Butyrate Market Size and Volume Forecast by Type
11.7.1. Purity Below98%
11.7.2. Purity Greater than or equal to98%
11.7.3. 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 Tetrahydrofurfuryl Butyrate Demand Share, 2019-2026
12. Asia Pacific Tetrahydrofurfuryl Butyrate 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 Tetrahydrofurfuryl Butyrate 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 Tetrahydrofurfuryl Butyrate Market Size and Volume Forecast by Application
12.4.1. Flavor and Fragrance Additive
12.4.2. Pharmaceutical Additive
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tetrahydrofurfuryl Butyrate Market Size and Volume Forecast by Type
12.7.1. Purity Below98%
12.7.2. Purity Greater than or equal to98%
12.7.3. 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 Tetrahydrofurfuryl Butyrate Demand Share, 2019-2026
13. Middle East & Africa Tetrahydrofurfuryl Butyrate 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 Tetrahydrofurfuryl Butyrate 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 Tetrahydrofurfuryl Butyrate Market Size and Volume Forecast by Application
13.4.1. Flavor and Fragrance Additive
13.4.2. Pharmaceutical Additive
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tetrahydrofurfuryl Butyrate Market Size and Volume Forecast by Type
13.7.1. Purity Below98%
13.7.2. Purity Greater than or equal to98%
13.7.3. 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 Tetrahydrofurfuryl Butyrate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tetrahydrofurfuryl Butyrate Market: Market Share Analysis
14.2. Tetrahydrofurfuryl Butyrate Distributors and Customers
14.3. Tetrahydrofurfuryl Butyrate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sigma-Aldrich
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TCI Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Thermofisher
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Beijing LYS Chemicals
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TAYTONN
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ARS Biochem
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jiuding Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
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
