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Tetrahydrofuran Market By Application, By End-use: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 282 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5712942
The global tetrahydrofuran (thf) market was valued at $3.9 billion in 2021, and is projected to reach $8.2 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.

Tetrahydrofuran (THF), also known as oxolane is a heterocyclic organic compound that is miscible in water. It possesses various significant properties such as excellent miscibility, chemical stability, and low boiling point that make it suitable for use as a solvent and intermediate in various end-use sector including plastic & polymers, pharmaceuticals, textiles, paints & coatings, and others.

Rapid surge in population coupled with rise in fashion consciousness has surged the growth of the textile sector in both developed and developing economies such as the U.S., China, India, and others where tetrahydrofuran (THF) is used as a raw material for producing various textile fibers such as spandex, and others. Furthermore, the rise in urbanization has increased government spending on the architecture sector where tetrahydrofuran (THF) is widely used as a solvent in manufacturing various paint formulations. For instance, according to a report published by National Investment Promotion and Facilitation Agency, infrastructure activities accounted for 13% share of the total foreign direct investment (FDI) inflows in 2021. These factors altogether are expected to foster the growth of the tetrahydrofuran (THF) market during the forecast period.

However, health hazards associated with the use of tetrahydrofuran (THF) may hamper the market growth during the forecast period.

On the contrary, factors such as rise in population coupled with the emergence of advanced polymers have made customers more linear toward using polymer-based products where tetrahydrofuran is used as a solvent in producing polymeric formulations. Furthermore, polymer offers various significant advantages such as low cost, lightweight, high strength, and increased lifecycle that makes several end-use sectors use polymers as a building block in product manufacturing. This is anticipated to surge the popularity of tetrahydrofuran (THF) in the growing polymer sector; thus, creating lucrative opportunities for the market.

The tetrahydrofuran (THF) market is segmented on the basis of application, end-use, and region. On the basis of application, it is divided into polytetramethylene ether glycol (PTMEG), solvents, and others. On the basis of end-use, the market is classified into polymer, textile, pharmaceutical, paints & coatings, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The global tetrahydrofuran (THF) market profiles leading players that include Alfa Aesar, Ashland Global Holdings Inc., BASF SE, Eastman Chemical Company, EMCO Dyestuff, HONEYWELL INTERNATIONAL Inc, LyondellBasell Industries Holdings B.V., Merck KGaA, MITSUBISHI CHEMICAL HOLDINGS, Oakwood Products, Inc., Otto Chemie Pvt. Ltd., Solventis, TCI America, Toray Industries, Inc., and Univar Solutions Inc. The global tetrahydrofuran (THF) market report provides in-depth competitive analysis as well as profiles of these major players.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tetrahydrofuran (THF) market analysis from 2021 to 2031 to identify the prevailing tetrahydrofuran (THF) market opportunities.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the tetrahydrofuran (THF) market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global tetrahydrofuran (thf) market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Application

  • Polytetramethylene Ether Glycol (PTMEG)
  • Solvents
  • Others

By End-use

  • Textile
  • Pharmaceutical
  • Paints and Coatings
  • Others
  • Polymer

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Ashland Global Holdings Inc.
  • BASF SE
  • Eastman Chemical Company
  • MERCK KGAA
  • LyondellBasell Industries Holdings B.V.
  • Mitsubishi Chemical Holdings
  • TCI America
  • Alfa Aesar
  • Honeywell International Inc.
  • Univar Solutions Inc.
  • Otto Chemie Pvt. Ltd.
  • Toray Industries, Inc.
  • Solventis
  • Oakwood Products, Inc
  • bioamber inc.
Frequently Asked Questions about the Global Tetrahydrofuran (Thf) Market

What is the estimated value of the Global Tetrahydrofuran (Thf) Market?

The Global Tetrahydrofuran (Thf) Market was estimated to be valued at $3.9 billion in 2021.

What is the growth rate of the Global Tetrahydrofuran (Thf) Market?

The growth rate of the Global Tetrahydrofuran (Thf) Market is 7.7%, with an estimated value of $8.2 billion by 2031.

What is the forecasted size of the Global Tetrahydrofuran (Thf) Market?

The Global Tetrahydrofuran (Thf) Market is estimated to be worth $8.2 billion by 2031.

Who are the key companies in the Global Tetrahydrofuran (Thf) Market?

Key companies in the Global Tetrahydrofuran (Thf) Market include Ashland Global Holdings Inc., BASF SE, Eastman Chemical Company, MERCK KGAA, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Holdings, TCI America, Alfa Aesar and Univar Solutions Inc..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Key Regulation Analysis
3.10. Patent Landscape

CHAPTER 4: TETRAHYDROFURAN (THF) MARKET, BY APPLICATION
4.1 Overview
4.1.1 Market size and forecast
4.2 Polytetramethylene Ether Glycol (PTMEG)
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Solvents
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: TETRAHYDROFURAN (THF) MARKET, BY END-USE
5.1 Overview
5.1.1 Market size and forecast
5.2 Polymer
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Textile
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Pharmaceutical
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Paints and Coatings
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country

CHAPTER 6: TETRAHYDROFURAN (THF) MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Application
6.2.3 North America Market size and forecast, by End-use
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Application
6.2.4.1.2 Market size and forecast, by End-use
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Application
6.2.4.2.2 Market size and forecast, by End-use
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Application
6.2.4.3.2 Market size and forecast, by End-use
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Application
6.3.3 Europe Market size and forecast, by End-use
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Application
6.3.4.1.2 Market size and forecast, by End-use
6.3.4.2 UK
6.3.4.2.1 Market size and forecast, by Application
6.3.4.2.2 Market size and forecast, by End-use
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Application
6.3.4.3.2 Market size and forecast, by End-use
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Application
6.3.4.4.2 Market size and forecast, by End-use
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Application
6.3.4.5.2 Market size and forecast, by End-use
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Application
6.3.4.6.2 Market size and forecast, by End-use
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Application
6.4.3 Asia-Pacific Market size and forecast, by End-use
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Application
6.4.4.1.2 Market size and forecast, by End-use
6.4.4.2 India
6.4.4.2.1 Market size and forecast, by Application
6.4.4.2.2 Market size and forecast, by End-use
6.4.4.3 Japan
6.4.4.3.1 Market size and forecast, by Application
6.4.4.3.2 Market size and forecast, by End-use
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Application
6.4.4.4.2 Market size and forecast, by End-use
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Application
6.4.4.5.2 Market size and forecast, by End-use
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market size and forecast, by Application
6.4.4.6.2 Market size and forecast, by End-use
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Application
6.5.3 LAMEA Market size and forecast, by End-use
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Application
6.5.4.1.2 Market size and forecast, by End-use
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Application
6.5.4.2.2 Market size and forecast, by End-use
6.5.4.3 South Africa
6.5.4.3.1 Market size and forecast, by Application
6.5.4.3.2 Market size and forecast, by End-use
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Application
6.5.4.4.2 Market size and forecast, by End-use

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 Ashland Global Holdings Inc.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 BASF SE
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Eastman Chemical Company
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 MERCK KGAA
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 LyondellBasell Industries Holdings B. V.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Mitsubishi Chemical Holdings
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 TCI America
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Alfa Aesar
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Honeywell International Inc.
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Univar Solutions Inc.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 Otto Chemie Pvt. Ltd.
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 Toray Industries, Inc.
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments
8.13 Solventis
8.13.1 Company overview
8.13.2 Company snapshot
8.13.3 Operating business segments
8.13.4 Product portfolio
8.13.5 Business performance
8.13.6 Key strategic moves and developments
8.14 Oakwood Products, Inc
8.14.1 Company overview
8.14.2 Company snapshot
8.14.3 Operating business segments
8.14.4 Product portfolio
8.14.5 Business performance
8.14.6 Key strategic moves and developments
8.15 bioamber inc.
8.15.1 Company overview
8.15.2 Company snapshot
8.15.3 Operating business segments
8.15.4 Product portfolio
8.15.5 Business performance
8.15.6 Key strategic moves and developments

List of Tables
Table 1. Global Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 2. Global Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 3. Tetrahydrofuran (Thf) Market, for Polytetramethylene Ether Glycol (Ptmeg), by Region, 2021-2031 ($Million)
Table 4. Tetrahydrofuran (Thf) Market, for Polytetramethylene Ether Glycol (Ptmeg), by Region, 2021-2031 (Kiloton)
Table 5. Tetrahydrofuran (Thf) Market for Polytetramethylene Ether Glycol (Ptmeg), by Country, 2021-2031 ($Million)
Table 6. Tetrahydrofuran (Thf) Market for Polytetramethylene Ether Glycol (Ptmeg), by Country, 2021-2031 (Kiloton)
Table 7. Tetrahydrofuran (Thf) Market, for Solvents, by Region, 2021-2031 ($Million)
Table 8. Tetrahydrofuran (Thf) Market, for Solvents, by Region, 2021-2031 (Kiloton)
Table 9. Tetrahydrofuran (Thf) Market for Solvents, by Country, 2021-2031 ($Million)
Table 10. Tetrahydrofuran (Thf) Market for Solvents, by Country, 2021-2031 (Kiloton)
Table 11. Tetrahydrofuran (Thf) Market, for Others, by Region, 2021-2031 ($Million)
Table 12. Tetrahydrofuran (Thf) Market, for Others, by Region, 2021-2031 (Kiloton)
Table 13. Tetrahydrofuran (Thf) Market for Others, by Country, 2021-2031 ($Million)
Table 14. Tetrahydrofuran (Thf) Market for Others, by Country, 2021-2031 (Kiloton)
Table 15. Global Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 16. Global Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 17. Tetrahydrofuran (Thf) Market, for Polymer, by Region, 2021-2031 ($Million)
Table 18. Tetrahydrofuran (Thf) Market, for Polymer, by Region, 2021-2031 (Kiloton)
Table 19. Tetrahydrofuran (Thf) Market for Polymer, by Country, 2021-2031 ($Million)
Table 20. Tetrahydrofuran (Thf) Market for Polymer, by Country, 2021-2031 (Kiloton)
Table 21. Tetrahydrofuran (Thf) Market, for Textile, by Region, 2021-2031 ($Million)
Table 22. Tetrahydrofuran (Thf) Market, for Textile, by Region, 2021-2031 (Kiloton)
Table 23. Tetrahydrofuran (Thf) Market for Textile, by Country, 2021-2031 ($Million)
Table 24. Tetrahydrofuran (Thf) Market for Textile, by Country, 2021-2031 (Kiloton)
Table 25. Tetrahydrofuran (Thf) Market, for Pharmaceutical, by Region, 2021-2031 ($Million)
Table 26. Tetrahydrofuran (Thf) Market, for Pharmaceutical, by Region, 2021-2031 (Kiloton)
Table 27. Tetrahydrofuran (Thf) Market for Pharmaceutical, by Country, 2021-2031 ($Million)
Table 28. Tetrahydrofuran (Thf) Market for Pharmaceutical, by Country, 2021-2031 (Kiloton)
Table 29. Tetrahydrofuran (Thf) Market, for Paints and Coatings, by Region, 2021-2031 ($Million)
Table 30. Tetrahydrofuran (Thf) Market, for Paints and Coatings, by Region, 2021-2031 (Kiloton)
Table 31. Tetrahydrofuran (Thf) Market for Paints and Coatings, by Country, 2021-2031 ($Million)
Table 32. Tetrahydrofuran (Thf) Market for Paints and Coatings, by Country, 2021-2031 (Kiloton)
Table 33. Tetrahydrofuran (Thf) Market, for Others, by Region, 2021-2031 ($Million)
Table 34. Tetrahydrofuran (Thf) Market, for Others, by Region, 2021-2031 (Kiloton)
Table 35. Tetrahydrofuran (Thf) Market for Others, by Country, 2021-2031 ($Million)
Table 36. Tetrahydrofuran (Thf) Market for Others, by Country, 2021-2031 (Kiloton)
Table 37. Tetrahydrofuran (Thf) Market, by Region, 2021-2031 ($Million)
Table 38. Tetrahydrofuran (Thf) Market, by Region, 2021-2031 (Kiloton)
Table 39. North America Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 40. North America Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 41. North America Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 42. North America Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 43. North America Tetrahydrofuran (Thf) Market, by Country, 2021-2031 ($Million)
Table 44. North America Tetrahydrofuran (Thf) Market, by Country, 2021-2031 (Kiloton)
Table 45. U.S. Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 46. U.S. Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 47. U.S. Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 48. U.S. Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 49. Canada Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 50. Canada Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 51. Canada Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 52. Canada Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 53. Mexico Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 54. Mexico Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 55. Mexico Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 56. Mexico Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 57. Europe Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 58. Europe Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 59. Europe Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 60. Europe Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 61. Europe Tetrahydrofuran (Thf) Market, by Country, 2021-2031 ($Million)
Table 62. Europe Tetrahydrofuran (Thf) Market, by Country, 2021-2031 (Kiloton)
Table 63. Germany Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 64. Germany Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 65. Germany Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 66. Germany Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 67. UK Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 68. UK Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 69. UK Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 70. UK Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 71. France Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 72. France Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 73. France Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 74. France Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 75. Spain Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 76. Spain Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 77. Spain Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 78. Spain Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 79. Italy Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 80. Italy Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 81. Italy Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 82. Italy Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 83. Rest of Europe Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 84. Rest of Europe Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 85. Rest of Europe Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 86. Rest of Europe Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 87. Asia-Pacific Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 88. Asia-Pacific Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 89. Asia-Pacific Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 90. Asia-Pacific Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 91. Asia-Pacific Tetrahydrofuran (Thf) Market, by Country, 2021-2031 ($Million)
Table 92. Asia-Pacific Tetrahydrofuran (Thf) Market, by Country, 2021-2031 (Kiloton)
Table 93. China Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 94. China Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 95. China Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 96. China Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 97. India Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 98. India Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 99. India Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 100. India Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 101. Japan Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 102. Japan Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 103. Japan Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 104. Japan Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 105. South Korea Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 106. South Korea Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 107. South Korea Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 108. South Korea Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 109. Australia Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 110. Australia Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 111. Australia Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 112. Australia Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 113. Rest of Asia-Pacific Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 114. Rest of Asia-Pacific Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 115. Rest of Asia-Pacific Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 116. Rest of Asia-Pacific Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 117. LAMEA Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 118. LAMEA Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 119. LAMEA Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 120. LAMEA Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 121. LAMEA Tetrahydrofuran (Thf) Market, by Country, 2021-2031 ($Million)
Table 122. LAMEA Tetrahydrofuran (Thf) Market, by Country, 2021-2031 (Kiloton)
Table 123. Brazil Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 124. Brazil Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 125. Brazil Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 126. Brazil Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 127. Saudi Arabia Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 128. Saudi Arabia Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 129. Saudi Arabia Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 130. Saudi Arabia Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 131. South Africa Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 132. South Africa Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 133. South Africa Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 134. South Africa Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 135. Rest of LAMEA Tetrahydrofuran (Thf) Market, by Application, 2021-2031 ($Million)
Table 136. Rest of LAMEA Tetrahydrofuran (Thf) Market, by Application, 2021-2031 (Kiloton)
Table 137. Rest of LAMEA Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 ($Million)
Table 138. Rest of LAMEA Tetrahydrofuran (Thf) Market, by End-use, 2021-2031 (Kiloton)
Table 139. Ashland Global Holdings Inc.: Company Snapshot
Table 140. Ashland Global Holdings Inc.: Operating Segments
Table 141. Ashland Global Holdings Inc.: Product Portfolio
Table 142. Ashland Global Holdings Inc.: Net Sales
Table 143. Ashland Global Holdings Inc.: Key Strategies
Table 144. BASF SE: Company Snapshot
Table 145. BASF SE: Operating Segments
Table 146. BASF SE: Product Portfolio
Table 147. BASF SE: Net Sales
Table 148. BASF SE: Key Strategies
Table 149. Eastman Chemical Company: Company Snapshot
Table 150. Eastman Chemical Company: Operating Segments
Table 151. Eastman Chemical Company: Product Portfolio
Table 152. Eastman Chemical Company: Net Sales
Table 153. Eastman Chemical Company: Key Strategies
Table 154. Merck KGaA: Company Snapshot
Table 155. Merck KGaA: Operating Segments
Table 156. Merck KGaA: Product Portfolio
Table 157. Merck KGaA: Net Sales
Table 158. Merck KGaA: Key Strategies
Table 159. Lyondellbasell Industries Holdings B. V.: Company Snapshot
Table 160. Lyondellbasell Industries Holdings B. V.: Operating Segments
Table 161. Lyondellbasell Industries Holdings B. V.: Product Portfolio
Table 162. Lyondellbasell Industries Holdings B. V.: Net Sales
Table 163. Lyondellbasell Industries Holdings B. V.: Key Strategies
Table 164. Mitsubishi Chemical Holdings: Company Snapshot
Table 165. Mitsubishi Chemical Holdings: Operating Segments
Table 166. Mitsubishi Chemical Holdings: Product Portfolio
Table 167. Mitsubishi Chemical Holdings: Net Sales
Table 168. Mitsubishi Chemical Holdings: Key Strategies
Table 169. TCI America: Company Snapshot
Table 170. TCI America: Operating Segments
Table 171. TCI America: Product Portfolio
Table 172. TCI America: Net Sales
Table 173. TCI America: Key Strategies
Table 174. Alfa Aesar: Company Snapshot
Table 175. Alfa Aesar: Operating Segments
Table 176. Alfa Aesar: Product Portfolio
Table 177. Alfa Aesar: Net Sales
Table 178. Alfa Aesar: Key Strategies
Table 179. Honeywell International Inc.: Company Snapshot
Table 180. Honeywell International Inc.: Operating Segments
Table 181. Honeywell International Inc.: Product Portfolio
Table 182. Honeywell International Inc.: Net Sales
Table 183. Honeywell International Inc.: Key Strategies
Table 184. Univar Solutions Inc.: Company Snapshot
Table 185. Univar Solutions Inc.: Operating Segments
Table 186. Univar Solutions Inc.: Product Portfolio
Table 187. Univar Solutions Inc.: Net Sales
Table 188. Univar Solutions Inc.: Key Strategies
Table 189. Otto Chemie Pvt. Ltd.: Company Snapshot
Table 190. Otto Chemie Pvt. Ltd.: Operating Segments
Table 191. Otto Chemie Pvt. Ltd.: Product Portfolio
Table 192. Otto Chemie Pvt. Ltd.: Net Sales
Table 193. Otto Chemie Pvt. Ltd.: Key Strategies
Table 194. Toray Industries, Inc.: Company Snapshot
Table 195. Toray Industries, Inc.: Operating Segments
Table 196. Toray Industries, Inc.: Product Portfolio
Table 197. Toray Industries, Inc.: Net Sales
Table 198. Toray Industries, Inc.: Key Strategies
Table 199. Solventis: Company Snapshot
Table 200. Solventis: Operating Segments
Table 201. Solventis: Product Portfolio
Table 202. Solventis: Net Sales
Table 203. Solventis: Key Strategies
Table 204. Oakwood Products, Inc.: Company Snapshot
Table 205. Oakwood Products, Inc.: Operating Segments
Table 206. Oakwood Products, Inc.: Product Portfolio
Table 207. Oakwood Products, Inc.: Net Sales
Table 208. Oakwood Products, Inc.: Key Strategies
Table 209. Bioamber Inc.: Company Snapshot
Table 210. Bioamber Inc.: Operating Segments
Table 211. Bioamber Inc.: Product Portfolio
Table 212. Bioamber Inc.: Net Sales
Table 213. Bioamber Inc.: Key Strategies

List of Figures
Figure 1. Tetrahydrofuran (Thf) Market Segmentation
Figure 2. Tetrahydrofuran (Thf) Market, 2021-2031
Figure 3. Tetrahydrofuran (Thf) Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Tetrahydrofuran (Thf) Mark.:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Value Chain Analysis
Figure 14. Key Regulation Analysis
Figure 15. Patent Analysis by Company
Figure 16. Patent Analysis by Country
Figure 17. Tetrahydrofuran (Thf) Market, By Application, 2021(%)
Figure 18. Comparative Share Analysis of Polytetramethylene Ether Glycol (Ptmeg) Tetrahydrofuran (Thf) Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Solvents Tetrahydrofuran (Thf) Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Others Tetrahydrofuran (Thf) Market, 2021-2031(%)
Figure 21. Tetrahydrofuran (Thf) Market, By End-Use, 2021(%)
Figure 22. Comparative Share Analysis of Polymer Tetrahydrofuran (Thf) Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Textile Tetrahydrofuran (Thf) Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Pharmaceutical Tetrahydrofuran (Thf) Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Paints and Coatings Tetrahydrofuran (Thf) Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Others Tetrahydrofuran (Thf) Market, 2021-2031(%)
Figure 27. Tetrahydrofuran (Thf) Market by Region, 2021
Figure 28. U.S. Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 29. Canada Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 30. Mexico Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 31. Germany Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 32. Uk Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 33. France Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 34. Spain Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 35. Italy Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 36. Rest of Europe Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 37. China Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 38. India Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 39. Japan Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 40. South Korea Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 41. Australia Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 42. Rest of Asia-Pacific Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 43. Brazil Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 44. Saudi Arabia Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 45. South Africa Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 46. Rest of LAMEA Tetrahydrofuran (Thf) Market, 2021-2031($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Ashland Global Holdings Inc.: Net Sales, ($Million)
Figure 54. Basf S.: Net Sales, ($Million)
Figure 55. Eastman Chemical Compan.: Net Sales, ($Million)
Figure 56. Merck Kga.: Net Sales, ($Million)
Figure 57. Lyondellbasell Industries Holdings B.V.: Net Sales, ($Million)
Figure 58. Mitsubishi Chemical Holding.: Net Sales, ($Million)
Figure 59. Tci Americ.: Net Sales, ($Million)
Figure 60. Alfa Aesa.: Net Sales, ($Million)
Figure 61. Honeywell International Inc.: Net Sales, ($Million)
Figure 62. Univar Solutions Inc.: Net Sales, ($Million)
Figure 63. Otto Chemie Pvt. Ltd.: Net Sales, ($Million)
Figure 64. Toray Industries, Inc.: Net Sales, ($Million)
Figure 65. Solventi.: Net Sales, ($Million)
Figure 66. Oakwood Products, In.: Net Sales, ($Million)
Figure 67. Bioamber Inc.: Net Sales, ($Million)

Executive Summary

According to the report, “Tetrahydrofuran (THF) Market," the tetrahydrofuran (THF) market was valued at $3.9 billion in 2021, and is estimated to reach $8.2 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.

Tetrahydrofuran (THF), also known as oxolane is a heterocyclic organic compound that is miscible in water. It possesses various significant properties such as excellent miscibility, chemical stability, and low boiling point that make it suitable for use as a solvent and intermediate in various end-use sector including plastic & polymers, pharmaceuticals, textiles, paints & coatings, and others.

Rise in urbanization has increased government spending on architecture sector where tetrahydrofuran (THF) is widely used as a solvent in manufacturing various paint formulations. For instance, according to a report published by National Investment Promotion and Facilitation Agency, the infrastructure activities accounted for 13% share of the total foreign direct investment (FDI) inflows in 2021. This is expected to foster the demand for tetrahydrofuran (THF) market during the forecast period.

Furthermore, surge in population coupled with rise in fashion consciousness has surged the growth of the textile sector in both developed and developing economies such as the U.S., China, India, and others where tetrahydrofuran (THF) is used as a raw material for producing various textile fibers such as spandex, and others. This is expected to boost the demand for tetrahydrofuran (THF) market in the growing textile sector. However, health hazards associated with the use of tetrahydrofuran (THF) may hamper the market growth during the forecast period.

On the contrary, factors such as rise in population coupled with emergence of advanced polymers have made customers more linear toward using polymer-based products where tetrahydrofuran is used as a solvent in producing polymeric formulations. Furthermore, polymer offers various significant advantages such as low cost, lightweight, high strength, and increased lifecycle that makes several end-use sectors use polymers as a building block in product manufacturing. This is anticipated to surge the popularity of tetrahydrofuran (THF) in the growing polymer sector; thus, creating lucrative opportunities for the market.

The tetrahydrofuran (THF) market is segmented on the basis of application, end use, and region. By application, the market is segregated into polytetramethylene ether glycol (PTMEG), solvents, and others. The polytetramethylene ether glycol (PTMEG) segment dominated the global market in terms of revenue in 2021, with 48.2% of the total share. This is attributed to fact that tetrahydrofuran-based PTMEG is used to produce a wide range of elastomeric products. Furthermore, it is a key ingredient that is used in the production of spandex fibers, thermoplastic polyurethane (TPU), and thermoplastic elastomer (TPEE).

By end use, the market is divided into polymer, textile, pharmaceuticals, paints & coatings, and others. The textile segment dominated the global market in terms of revenue in 2021, with 35.04% of the total share. This is attributed to the rise in building & construction activities in both developed and developing economies which in turn have led the building & construction sector to witness a significant growth where terahydrofuran-based protective coatings are widely used for weather resistance and corrosion resistance purposes.

Region-wise, the tetrahydrofuran (THF) market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific tetrahydrofuran (THF) market size is projected to grow at the highest CAGR during the forecast period, and accounted for a major tetrahydrofuran (THF) market share in 2021, owing to the rising paints & coatings, polymer, textile, and other sectors have enhanced the performance of the methacrylate monomer in the Asia-Pacific region.

In addition, China's paints & coatings manufacturing sector is increasing rapidly which has forced the tetrahydrofuran manufacturers to produce more efficient tetrahydrofuran used as surface coatings and anti-corrosion coatings. Furthermore, the textile sector in India is witnessing a significant growth owing to increasing fashion consciousness among people where tetrahydrofuran is used as a raw material for producing various fibers such as spandex, and others. For instance, according to a report published by Indian Brands Equity Foundation in May 2022, India's home textile exports grew at a healthy rate of 9% in 2021.

Key players operating in the global tetrahydrofuran (THF) market include, Alfa Aesar, Ashland Global Holdings Inc., BASF SE, Eastman Chemical Company, EMCO Dyestuff, HONEYWELL INTERNATIONAL Inc, LyondellBasell Industries Holdings B.V., Merck KGaA, MITSUBISHI CHEMICAL HOLDINGS, Oakwood Products, Inc., Otto Chemie Pvt. Ltd., Solventis, TCI America, Toray Industries, Inc., and Univar Solutions Inc.

COVID-19 analysis

The pharmaceutical sectors have shown an impressive growth during the COVID-19 period where tetrahydrofuran (THF) is used in producing various drug formulations. For instance, according to a report published by India Brand Equity Foundation, the Indian pharmaceutical sector is expected to reach $372 billion by 2022, driven by rising health awareness and increasing income.

Furthermore, the building & construction activities are projected to get back on track and start functioning with full capacity post COVID-19 period which in turn may enhance the demand for tetrahydrofuran (THF) used for producing topcoats, corrosion protection coatings, and other coatings. For instance, according to an interim report for the 2021 Australian infrastructure plan, the Australian Construction Industry Forum (ACIF) expects the construction industry to return to pre-COVID-19 levels by 2022-23, driven by strong public investments. This factor may augment the growth of the tetrahydrofuran (THF) market during the forecast period.

Key Findings of the Study

  • By application, the polytetramethylene ether glycol (PTMEG) segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.9% from 2022 to 2031.
  • By end use, the polymer segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.8% from 2022 to 2031.
  • By region, Asia-Pacific garnered the highest share of 53.6% in 2021, in terms of revenue, growing at a CAGR of 8.0%.

Companies Mentioned

  • Ashland Global Holdings Inc.
  • BASF SE
  • Eastman Chemical Company
  • MERCK KGAA
  • LyondellBasell Industries Holdings B.V.
  • Mitsubishi Chemical Holdings
  • TCI America
  • Alfa Aesar
  • Honeywell International Inc.
  • Univar Solutions Inc.
  • Otto Chemie Pvt. Ltd.
  • Toray Industries, Inc.
  • Solventis
  • Oakwood Products, Inc
  • bioamber inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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