Tetrahydrofuran (THF) Market by Application (PTMEG, Solvents), Technology (Reppe Process, Davy Process, Propylene Oxide Process, Butadiene Process), and Region (Asia Pacific, North America, Europe, RoW) - Global Forecast to 2022

  • ID: 4495558
  • Report
  • Region: Global, Asia, Asia Pacific, Europe, North America, United States
  • 102 Pages
  • Markets and Markets
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The THF market Is Projected to Grow From USD 2.95 Billion In 2017 to USD 4.12 Billion By 2022, at a CAGR of 6.9% from 2017 to 2022.

FEATURED COMPANIES

  • Ashland
  • Bioamber
  • Invista
  • Lyondellbasell
  • Pennakem
  • Sinochem Qingdao
  • MORE

The Tetrahydrofuran (THF) market is projected to grow at a CAGR of 6.9%, in terms of value between 2017 and 2022.

The increasing demand for spandex fibers and polyurethane across the globe is driving the growth of the THF market. The hazardous impact of tetrahydrofuran on human and animal health and its high manufacturing costs are the factors restraining the growth of the THF market across the globe.

Among technologies, the butadiene process segment of the THF market is projected to grow at the highest CAGR, in terms of volume during the forecast period.

The butadiene process segment of the THF market is projected to grow at the highest CAGR, in terms of volume between 2017 and 2022. The growth of this segment of the market can be attributed to the low cost of raw materials and easy availability of butadiene. In addition, the Reppe process is the most widely used technology for manufacturing tetrahydrofuran, owing to its low cost and less number of steps involved in it. The efficiency of the Reppe process technology in manufacturing 1,4-Butanediol (BDO) is high.

Among applications, the Polytetramethylene Ether Glycol (PTMEG) segment of the THF market is projected to grow at the highest CAGR, in terms of volume during the forecast period.

Among applications, the PTMEG segment is projected to lead the THF market between 2017 and 2022, in terms of volume. The growth of this segment of the market can be attributed to the increased investments being made by the key players for the increased production of spandex across the globe. The high growth of the textile industry across the globe due to increased demand for sportswear is mainly responsible for the increased demand for spandex. This, in turn, is expected to drive the growth of the THF market across the globe.

The Asia Pacific THF market is projected to grow at the highest CAGR, in terms of volume during the forecast period.

The Asia Pacific THF market is projected to grow at the highest CAGR, in terms of volume during the forecast period. The growth of the Asia Pacific THF market can be attributed to the increased demand for tetrahydrofuran in PTMEG, solvents, and chemical intermediate applications. The high growth of the manufacturing sector in the Asia Pacific region due to growing industrialization has fueled the demand for tetrahydrofuran in the chemical, textile, packaging, automotive, and consumer goods industries. Tetrahydrofuran is used as a solvent in adhesives, paints, coatings, pharmaceuticals, inks, and cosmetics. Thus, the increased consumption of tetrahydrofuran in these industries of the region is expected to fuel the growth of the Asia Pacific THF market during the forecast period. Similarly, increasing investments by major chemical players in the chemical industry of the Asia Pacific region are also driving the demand for tetrahydrofuran from the region.

This study on the THF market has been validated through primaries conducted with various industry experts, worldwide. The primary sources have been divided into three categories based on company type, designation, and region.

  • By Company Size- Tier 1-70%, Tier 2 -20%, and Tier 3-10%
  • By Designation - C Level-5%, Director Level-20%, and Others-75%
  • By Region - Asia Pacific-45%, Europe-35%, North America-5%, and RoW-15%

Companies Profiled in the Report:

The key players profiled in the report include BASF (Germany), Dairen Chemical (Taiwan), Ashland (US), INVISTA (US), Mitsubishi Chemical (Japan), LyondellBasell (the Netherlands), Sipchem (Saudi Arabia), Penn A Kem (US), Nova Molecular Technologies (US), and BioAmber (US), among others.

Research Coverage:

The report offers insights on the use of tetrahydrofuran in a number of applications in various end-use industries across different regions. It aims at estimating the size of the THF market during the forecast period and projects future growth potential of the market based on technology, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the THF market, along with their company profiles, SWOT analysis, recent developments undertaken by them, and key growth strategies adopted by them.

Key Benefits of Buying the Report:

The report is expected to help market leaders/new entrants in the THF market by providing them the closest approximations of the revenues for the overall market and its various subsegments. This report is expected to help stakeholders obtain an improved understanding of the competitive landscape of the THF market and gain insights to enhance their businesses and devise suitable growth strategies. The report also aims at helping the stakeholders understand the pulse of the market and help them acquire information on key drivers, restraints, challenges, and opportunities impacting the growth of the THF market.

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FEATURED COMPANIES

  • Ashland
  • Bioamber
  • Invista
  • Lyondellbasell
  • Pennakem
  • Sinochem Qingdao
  • MORE

1 Introduction 
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology 
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary 

4 Premium Insights 
4.1 Significant Opportunities in THF Market
4.2 THF Market, By Process Technology
4.3 THF Market, By Region

5 Market Overview 
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Spandex Fiber
5.2.1.2 High Demand for Polyurethane (PU)
5.2.2 Restraints
5.2.2.1 Hazardous Nature of THF
5.2.3 Opportunities
5.2.3.1 Increasing Importance of Green Chemistry
5.2.3.2 High Growth in Emerging Markets
5.2.4 Challenges
5.2.4.1 Increasing Environmental Regulations
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Regulations and Protocols of THF
5.4.1 Regulations
5.4.1.1 U.S. Dot Hm-181 Rules
5.4.2 Handling Protocols
5.4.3 THF Exposure Limits
5.4.4 Chemical Storage and Disposal
5.5 Macroeconomic Indicators
5.5.1 GDP Growth Rate Forecast of Major Economies
5.5.2 Textile Industry
5.5.3 Major Importers and Exporters* of THF

6 THF Market, By Process Technology 
6.1 Introduction
6.2 Commercial Technologies for the Production of BDO
6.3 Reppe Process
6.4 Davy Process
6.5 Butadiene-Based Process
6.6 Propylene Oxide-Based Process
6.7 Other Technologies
6.7.1 Cyclization of BDO to THF
6.7.1.1 Furfural
6.7.2 Bio-Based Technologies
6.7.2.1 Hydrogenolysis of Succinic Acid
6.7.2.2 Fermentation of Sugar
6.7.2.3 Hydrogenation of Succinic Acid

7 THF Market, By Application 
(Note: Market Sizes are Not Provided for the Sub-Segments)
7.1 Introduction
7.2 Solvents
7.2.1 Coatings
7.2.2 Adhesives
7.2.3 Printing Inks
7.2.4 Resins
7.2.5 Reactions & Purification
7.2.6 Organic Synthesis
7.2.7 Others
7.3 PTMEG
7.3.1 Spandex
7.3.2 PU Resin
7.3.3 Thermoplastic Polyester Elastomer
7.4 Others

8 THF Market, By Region 
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.2 Japan
8.2.3 South Korea
8.2.4 Rest of APAC
8.3 North America
8.3.1 US
8.3.2 Canada
8.3.3 Mexico
8.4 Europe
8.4.1 Germany
8.4.2 France
8.4.3 UK
8.4.4 Italy
8.4.5 Rest of Europe
8.5 RoW
8.5.1 Saudi Arabia
8.5.2 South Africa
8.5.3 Brazil
8.5.4 Others

9 Competitive Landscape 
9.1 Overview
9.2 Market Share Analysis of Key Players
9.2.1 BASF and Dairen Chemical
9.2.2 Others

10 Company Profiles 
(Business Overview, Products Offered, SWOT Analysis, MnM View)*
10.1 BASF
10.2 Dairen Chemical
10.3 Ashland
10.4 Mitsubishi Chemical Corporation
10.5 Invista
10.6 Bioamber
10.7 Lyondellbasell
10.8 Pennakem
10.9 Sipchem
*Details on Business Overview, Products Offered, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
10.10 Others
10.10.1 Tcc Chemical
10.10.2 Sinochem Qingdao
10.10.3 Bluestar New Chemical Materials
10.10.4 Shanxi Sanwei
10.10.5 Nan Ya Plastics
10.10.6 Korea PTG

11 Appendix 
11.1 Insights From Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details

List of Tables (60 Tables)
Table 1 Forecast of Real GDP Growth Rates, 2016-2022
Table 2 Technologies Adopted By Different Companies for the Production of THF
Table 3 THF Market Size, By Process Technology, 2015-2022 (Kiloton)
Table 4 THF Market Size, By Process Technology, 2015-2022 (USD Million)
Table 5 Comparative Analysis of Production Technologies
Table 6 THF Market Size, By Application, 2015-2022 (Kiloton)
Table 7 THF Market Size, By Application, 2015-2022 (USD Million)
Table 8 Solvents Market Size, By Region, 2015–2022 (USD Million)
Table 9 PTMEG Market Size, By Region, 2015–2022 (USD Million)
Table 10 Other Applications Market Size, By Region, 2015–2022 (USD Million)
Table 11 THF Market Size, By Region, 2015-2022 (Kiloton)
Table 12 THF Market Size, By Region, 2015-2022 (USD Million)
Table 13 APAC: THF Market Size, By Country, 2015-2022 (Kiloton)
Table 14 APAC: THF Market Size, By Country, 2015-2022 (USD Million)
Table 15 APAC: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 16 APAC: THF Market Size, By Application, 2015-2022 (USD Million)
Table 17 China: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 18 China: THF Market Size, By Application, 2015-2022 (USD Million)
Table 19 Japan: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 20 Japan: THF Market Size, By Application, 2015-2022 (USD Million)
Table 21 South Korea: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 22 South Korea: THF Market Size, By Application, 2015-2022 (USD Million)
Table 23 Rest of APAC: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 24 Rest of APAC: THF Market Size, By Application, 2015-2022 (USD Million)
Table 25 North America: THF Market Size, By Country, 2015-2022 (Kiloton)
Table 26 North America: THF Market Size, By Country, 2015-2022 (USD Million)
Table 27 North America: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 28 North America: THF Market Size, By Application, 2015-2022 (USD Million)
Table 29 US: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 30 US: THF Market Size, By Application, 2015-2022 (USD Million)
Table 31 Canada: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 32 Canada: THF Market Size, By Application, 2015-2022 (USD Million)
Table 33 Mexico: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 34 Mexico: THF Market Size, By Application, 2015-2022 (USD Million)
Table 35 Europe: THF Market Size, By Country, 2015-2022 (Kiloton)
Table 36 Europe: THF Market Size, By Country, 2015-2022 (USD Million)
Table 37 Europe: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 38 Europe: THF Market Size, By Application, 2015-2022 (USD Million)
Table 39 Germany: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 40 Germany: THF Market Size, By Application, 2015-2022 (USD Million)
Table 41 France: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 42 France: THF Market Size, By Application, 2015-2022 (USD Million)
Table 43 UK: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 44 UK: THF Market Size, By Application, 2015-2022 (USD Million)
Table 45 Italy: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 46 Italy: THF Market Size, By Application, 2015-2022 (USD Million)
Table 47 Rest of Europe: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 48 Rest of Europe: THF Market Size, By Application, 2015-2022 (USD Million)
Table 49 RoW: THF Market Size, By Country, 2015-2022 (Kiloton)
Table 50 RoW: THF Market Size, By Country, 2015-2022 (USD Million)
Table 51 RoW: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 52 RoW: THF Market Size, By Application, 2015-2022 (USD Million)
Table 53 Saudi Arabia: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 54 Saudi Arabia: THF Market Size, By Application, 2015-2022 (USD Million)
Table 55 South Africa: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 56 South Africa: THF Market Size, By Application, 2015-2022 (USD Million)
Table 57 Brazil: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 58 Brazil: THF Market Size, By Application, 2015-2022 (USD Million)
Table 59 Others: THF Market Size, By Application, 2015-2022 (Kiloton)
Table 60 Others: THF Market Size, By Application, 2015-2022 (USD Million)

List of Figures (33 Figures)
Figure 1 THF Market Segmentation
Figure 2 THF Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 THF Market: Data Triangulation
Figure 6 THF Market Size, By Volume (Kiloton) and Value (USD Billion), 2015-2022
Figure 7 Reppe Process to Be the Dominating Technology for THF
Figure 8 PTMEG to Be the Dominating Application of THF
Figure 9 China to Be the Largest THF Market
Figure 10 APAC Dominated the THF Market in 2016
Figure 11 Increasing Demand From PTMEG Application to Drive THF Market
Figure 12 PTMEG to Be the Largest Application of THF
Figure 13 Butadiene-Based Process Technology to Be the Fastest-Growing Application
Figure 14 APAC Dominated THF Market in 2016
Figure 15 Factors Governing THF Market
Figure 16 Porter’s Five Forces Analysis of THF Market
Figure 17 World Textile Trade Data (2005-2014)
Figure 18 Reppe Process to Be the Leading Technology for THF
Figure 19 Various Technologies Used for BDO Production
Figure 20 Davy Process
Figure 21 Cyclization of BDO
Figure 22 Furfural Technology
Figure 23 Bio-Based Process
Figure 24 PTMEG to Be the Leading Application of THF
Figure 25 APAC: THF Market Snapshot
Figure 26 North America: THF Market Snapshot
Figure 27 Europe: THF Market Snapshot
Figure 28 Market Ranking of Key Players, 2016
Figure 29 BASF: Company Snapshot
Figure 30 Ashland: Company Snapshot
Figure 31 Bioamber: Company Snapshot
Figure 32 Lyondellbasell: Company Snapshot
Figure 33 Sipchem: Company Snapshot

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  • Ashland
  • BASF
  • Bioamber
  • Bluestar New Chemical Materials
  • Dairen Chemical
  • Invista
  • Korea PTG
  • Lyondellbasell
  • Mitsubishi Chemical Corporation
  • Nan Ya Plastics
  • Pennakem
  • Shanxi Sanwei
  • Sinochem Qingdao
  • Sipchem
  • Tcc Chemical
Note: Product cover images may vary from those shown
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