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Tetrahydrofuran Market Analysis, By Process, By Application, By End-Use And By Region, Forecasts to 2027

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  • 248 Pages
  • August 2020
  • Region: Global
  • Reports and Data
  • ID: 5317680
Growing demand for the product for manufacturing polymers, Polyvinyl chloride (PVC), adhesives and sealants, pharmaceuticals, etc. is a key factor driving market growth.

Market Size - USD 3,490.8 Million in 2020, Market Growth - CAGR of 6.4%, Market Trends - Rising investment in R&D for expanding scope of applications of this organic compound.

The global tetrahydrofuran (THF) market size is expected to reach USD 5,760.0 Million in 2028, and register a CAGR of 6.4% during the forecast period. Increasing use of PVC plastics in modern-house indoor plumbing applications, coupled with consumption of tetrahydrofuran as an ingredient in making PVC-based plastics, adhesives, film casting, and reactor cleaning are major factors expected to drive market growth.

Other major product applications include in manufacturing mobile phones, as ingredient in PVC top coatings, varnishes, cleaning agents, specialty paints, petroleum processing, chemical intermediate, production of elastomeric-polyurethane fibers such as elastane, spandex, and lycra, and degrease industrial metal parts. This is another factor expected to boost consumtion of the product and drive growth of the global tetrahydrofuran (THF) market.

Some Key Findings From the Report:
  • Among the process segments, the butadiene-based process segment accounted for the largest revenue share of 41.9% in 2020, due to increasing number of product’s commercial applications.
  • Asia Pacific market size was USD 2,408.6 Million in 2020, and is expected to dominate in the global market over the forecast period, as China is the biggest hub of chemical industry, and expanding scope of product applications.
  • The North America market accounted for the second largest revenue share in the global market in 2020, followed by the Europe market.
  • Key players profiled in the report include BASF SE, Dairen Chemical Corporation, INVISTA, Mitsubishi Chemical Holdings Corporation, LyondellBasell Industries N.V., Saudi International Petrochemical Company, Penn A Kem LLC, Ashland Global Specialty Chemicals Inc., Nova Molecular Technologies, and BioAmber Inc. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
  • In 2019, Mitsubishi chemicals acquired PVC-compound business segment of Welset Plast Extrusions Pvt. Ltd.
  • In 2018, Monument Chemical, which is a US-based specialty chemical manufacturer, acquired Nova Molecular Technologies’ Texas facility.

For the purpose of this report, the global tetrahydrofuran (THF) market is segmented on the basis of process, application, end-use, and region:

Process Type Outlook
  • Acetylene-based Process
  • Butadiene-based Process
  • Maleic Anhydride-based Process
  • Propylene-Based Process via Allyl Alcohol
  • Propylene Oxide-based Process

Application Outlook
  • Polytetramethylene Ether Glycol (PTMEG)
  • Solvent applications
  • Others

End-Use Outlook
  • Polymer
  • PVC
  • Pharmaceutical
  • Sealants & Adhesives
  • Others

Region Outlook
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Benelux
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Rest of Latin America
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa

Reasons to Buy the Report
  • A robust analysis and estimation of the Tetrahydrofuran (THF) Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
  • A holistic competitive landscape of the all the major players in Tetrahydrofuran (THF) Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
  • Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
  • Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
  • Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization

Table of Contents

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 - 2026
Chapter 3. Indicative Metrics
Chapter 4. Tetrahydrofuran Segmentation & Impact Analysis
4.1. Tetrahydrofuran Segmentation Analysis
4.2. Tetrahydrofuran Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Tetrahydrofuran Market Impact Analysis
4.5. Key opportunities prioritized
4.6. Tetrahydrofuran Pricing Analysis
4.7. Industry analysis - Porter's
4.8. Tetrahydrofuran PESTEL Analysis
Chapter 5. Tetrahydrofuran Market By Process Type Insights & Trends
5.1. Tetrahydrofuran Process Type dynamics & Market Share, 2018 & 2026
5.2. Acetylene based Process
5.3. Butadiene-based Process
5.4. Maleic Anhydride-based Process
5.5. Propylene Based Process via Allyl Alcohol
5.6. Propylene Oxide based Process
Chapter 6. Tetrahydrofuran Market By Application Type Insights & Trends
6.1. Tetrahydrofuran Application Type dynamics & Market Share, 2018 & 2026
6.2. Polytetramethylene ether glycol
6.3. Solvent applications
6.4. Other Applications
Chapter 7. Tetrahydrofuran Market By End Use Insights & Trends
7.1. Tetrahydrofuran End-Use dynamics & Market Share, 2018 & 2026
7.2. Polymer
7.3. PVC
7.4. Pharmaceutical
7.5. Sealants & Adhesives
7.6. Others
Chapter 8. Tetrahydrofuran Market Regional Outlook
8.1. Tetrahydrofuran Market share by region, 2018 & 2026
8.2. North America
8.3. Europe
8.4. Asia Pacific
8.5. Middle East & Africa
8.6. Latin America
Chapter 9. Competitive Landscape
9.1. Market Revenue Share by Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Strategy Benchmarking
9.5. Vendor Landscape
Cha pter 10. Company Profiles
10.1. BASF SE
10.2. Dairen Chemical Corporation
10.4. Mitsubishi Chemical Holdings Corporation
10.5. LyondellBasell Industries N.V
10.6. Saudi International Petrochemical Company
10.7. Penn A Kem LLC
10.8. Ashland Global Specialty Chemicals Inc
10.9. Nova Molecular Technologies
10.10. BioAmber Inc.

Companies Mentioned

  • Dairen Chemical Corporation
  • Mitsubishi Chemical Holdings Corporation
  • LyondellBasell Industries NV
  • Saudi International Petrochemical Company
  • Penn A Kem LLC
  • Ashland Global Specialty Chemicals Inc
  • Nova Molecular Technologies
  • BioAmber Inc