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Global Tetrahydrofuran Market Outlook to 2026

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  • 214 Pages
  • June 2021
  • Region: Global
  • BlueQuark Research & Consulting
  • ID: 5398056
Tetrahydrofuran (THF), or Oxolane (as per IUPAC nomenclature) is a heterocyclic organic compound having the formula (CH2)4O. THF is colorless and is a water-miscible liquid having low viscosity. It is mainly used as a solvent for producing resins and in several chemical reactions (such as Grignard and Wittig reaction) owing to its solubility in water and other organic solvents.

According to the publisher, the global Tetrahydrofuran market is expected to witness a significant growth rate and grow by over 6% CAGR during the forecast period. THF is widely used for the production of polytetramethylene ether glycol (PTMEG), which is used as a base chemical for the manufacturing of spandex and polyurethanes. The growing demand for spandex from the textile industry is anticipated to drive the global Tetrahydrofuran market. Moreover, THF has lightweight properties, and its wide use in automotive, construction, textile, and pharmaceutical industries will further drive the market. The availability of substitutes (such as 2-Methyltetrahydrofuran or 2-MeTHF) and hazardous nature (highly flammable and health hazards such as skin problems, dizziness & nausea) of THF can be a restraint for the market.

THF is used as a solvent in the pharmaceutical industry. The ongoing Covid-19 pandemic can serve as an opportunity for the THF market in the short term as many companies worldwide are shifting their focus towards makingdrugs and vaccines. Even the governments and international agencies are investing heavily in Covid-19 projects.

Globally, the Asia-Pacific region is expected to have the largest market share in the forecast period owing to the increase in demand from end-users (like PVC, adhesives & textile) in countries like China, Japan, and India.

The global Tetrahydrofuran market is partially fragmented. The major players in the global Tetrahydrofuran market are BASF SE, Dairen Chemical Corporation (DCC), Mitsubishi Chemicals Holdings Corporation, Ashland Global Specialty Chemicals Inc., Invista, among others.

Global TetrahydrofuranMarketreport provides deep insight into the current and future state of the Tetrahydrofuran market across various regions. The study comprehensively analyzes the Tetrahydrofuran market by segmenting based on end-user industry (Polymers, Paints and Coatings, Pharmaceutical, Textile), application (polytetramethylene ether glycol (PTMEG), Solvents & other applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
This product will be updated with the latest data at the time of order. Consequently, dispatch time for this product will be 7-10 business days.

Table of Contents

1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Technology
5.1.1 Butadiene Process
5.1.2 Davy Process
5.1.3 Propylene Oxide
5.1.4 Reppe Process
5.2 By Application
5.2.1 Polytetramethylene ether glycol (PTMEG)
5.2.2 Solvents
5.2.3 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.2 Dairen Chemical Corporation (DCC)
7.3 Mitsubishi Chemicals Holdings Corporation
7.4 Nan YA Plastics
7.5 Ashland Global Specialty Chemicals Inc.
7.6 Invista
7.7 Saudi International Petrochemical Company (Sipchem)
7.8 LyondellBasell Industries
7.9 Korea PTG
7.10 Ultimate Chem (India) Pvt. Ltd.
7.11 Riddhi Siddhi Chemicals
7.12 J. N. Chemical
7.13 Bhagwati Chemicals
7.14 MilliporeSigma
7.15 BioAmber Inc.*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Dairen Chemical Corporation (DCC)
  • Mitsubishi Chemicals Holdings Corporation
  • Nan YA Plastics
  • Ashland Global Specialty Chemicals Inc.
  • Invista
  • Saudi International Petrochemical Company (Sipchem)
  • LyondellBasell Industries
  • Korea PTG
  • Ultimate Chem (India) Pvt. Ltd.
  • Riddhi Siddhi Chemicals
  • J. N. Chemical
  • Bhagwati Chemicals
  • MilliporeSigma
  • BioAmber Inc.