The tetrahydrofuran market is expected to grow from USD 3.37 billion in 2019 to USD 5.74 billion by 2027, at a CAGR of 6.9% during the forecast period 2020-2027.
A colourless liquid used as a solvent for plastics and as an intermediate in organic syntheses is known as tetrahydrofuran. Tetrahydrofuran is classified as a cyclic ether with an ethereal scent and is highly volatile and flammable. Some of the basic applications of tetrahydrofuran includes the manufacturing of ink, dyes, polytetramethylene ether glycol, solvent in paints, and solvent for organic compounds like polymer, during chromatography, and resin.
The factors driving the market are rising demand for manmade fibres, increasing demand for polyurethane and spandex fibres, used as raw material in pharmaceuticals, paints and coatings, magnetic tapes, and PVC, and increasing demand for special purpose textiles. The factors hampering the market growth are the hazardous impact of tetrahydrofuran on animal and human health, and high manufacturing costs. Increasing importance of green chemistry and high growth in emerging economies possess opportunities for market growth. However, increasing government regulations is a major threat for the market to grow.
This study delivers a comprehensive analysis of application, technology, and region. The application segment includes solvents and polytetramethylene ether glycol. Polytetramethylene ether glycol segment holds the largest share in the market, owing to increased investments for the production of spandex, high growth of the textile industry, and increased demand for sportswear. Based on technology, the market is segmented into davy process, butadiene process, propylene oxide process, and reppe process. The reppe segment dominates the market, as it is a mature technology and is used for the production of tetrahydrofuran, it has high production efficacy and low investment costs and is also suitable for the mass production of tetrahydrofuran. The butadiene process segment is also anticipated to witness significant growth, owing to the low cost of raw materials, easy availability of butadiene, and the use of technology for manufacturing tetrahydrofuran.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The market in Asia-Pacific region is anticipated to witness significant growth, owing to increased demand for tetrahydrofuran in PTMEG, chemical intermediate, and solvents. Also, growing industrialization in textile, packaging, chemical, automotive, and consumer goods. Developing economies like India, South Korea and China is expected to witness significant growth, due to increased demand for tetrahydrofuran. North and South Asian countries are the major contributors to the tetrahydrofuran market, due to their flourishing textile, automotive, packaging, and chemical industries. North America is also anticipated to witness significant growth, followed by Europe, owing to its use in the petroleum industry.
Some of the notable players in the market are Dairen Chemical, Sipchem, Nova Molecular Technologies, BioAmber, BASF, INVISTA, LyondellBasell, Penn A Kem, Ashland, and Mitsubishi Chemical.
Tetrahydrofuran Market Analysis and Forecast, by Application
Tetrahydrofuran Market Analysis and Forecast, by Technology
Tetrahydrofuran Market Analysis and Forecast, by End-User
Tetrahydrofuran Market Analysis and Forecast, by Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Application
4.3.2. Market Attractiveness Analysis By End User
4.3.3. Market Attractiveness Analysis By Technology
4.3.4. Market Attractiveness Analysis By Region
4.4. Application Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restraints
5.4. Opportunities
5.5. Challenges
6. Global Tetrahydrofuran Market Analysis and Forecast, By Application
6.1. Segment Overview
6.2. Solvents
6.3. Polytetramethylene Ether Glycol
7. Global Tetrahydrofuran Market Analysis and Forecast, By End User
7.1. Segment Overview
7.2. Textile
7.3. Pharmaceuticals
7.4. Paintings and Coatings
7.5. Polymer
8. Global Tetrahydrofuran Market Analysis and Forecast, By Technology
8.1. Segment Overview
8.2. Davy Process
8.3. Butadiene Process
8.4. Propylene Oxide Process
8.5. Reppe Process
9. Global Tetrahydrofuran Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Tetrahydrofuran Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Tetrahydrofuran Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Dairen Chemical
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Sipchem
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Nova Molecular Technologies
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. BioAmber
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. BASF
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. INVISTA
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. LyondellBasell
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Penn A Kem
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Ashland
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Mitsubishi Chemical
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
2. Global Solvents Tetrahydrofuran Market, By Region, 2017–2027 (USD Billion)
3. Global Polytetramethylene Ether Glycol Tetrahydrofuran Market, By Region, 2017–2027 (USD Billion)
4. Global Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
5. Global Davy Process, Tetrahydrofuran Market, By Region, 2017–2027 (USD Billion)
6. Global Butadiene Process, Tetrahydrofuran Market, By Region, 2017–2027 (USD Billion)
7. Global Propylene Oxide Process, Tetrahydrofuran Market, By Region, 2017–2027 (USD Billion)
8. Global Reppe Process, Tetrahydrofuran Market, By Region, 2017–2027 (USD Billion)
9. Global Tetrahydrofuran Market, By End User , 2017–2027 (USD Billion)
10. Global Textile, Tetrahydrofuran Market, By Region, 2017–2027 (USD Billion)
11. Global Pharmaceuticals, Tetrahydrofuran Market, By Region, 2017–2027 (USD Billion)
12. Global Paintings and Coatings, Tetrahydrofuran Market, By Region, 2017–2027 (USD Billion)
13. Global Polymer, Tetrahydrofuran Market, By Region, 2017–2027 (USD Billion)
14. Global Tetrahydrofuran Market, By Region, 2017–2027 (USD Billion)
15. Global Tetrahydrofuran Market, By North America, 2017–2027 (USD Billion)
16. North America Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
17. North America Tetrahydrofuran Market, By End User , 2017–2027 (USD Billion)
18. North America Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
19. U.S. Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
20. U.S. Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
21. U.S. Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
22. Canada Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
23. Canada Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
24. Canada Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
25. Mexico Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
26. Mexico Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
27. Mexico Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
28. Europe Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
29. Europe Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
30. Europe Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
31. Germany Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
32. Germany Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
33. Germany Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
34. France Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
35. France Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
36. France Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
37. U.K Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
38. U.K Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
39. U.K Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
40. Italy Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
41. Italy Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
42. Italy Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
43. Spain Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
44. Spain Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
45. Spain Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
46. Asia Pacific Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
47. Asia Pacific Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
48. Asia Pacific Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
49. Japan Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
50. Japan Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
51. Japan Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
52. China Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
53. China Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
54. China Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
55. India Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
56. India Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
57. India Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
58. South America Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
59. South America Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
60. South America Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
61. Brazil Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
62. Brazil Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
63. Brazil Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
64. Middle East and Africa Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
65. Middle East and Africa Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
66. Middle East and Africa Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
67. UAE Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
68. UAE Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
69. UAE Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
70. South Africa Tetrahydrofuran Market, By Application, 2017–2027 (USD Billion)
71. South Africa Tetrahydrofuran Market, By End User, 2017–2027 (USD Billion)
72. South Africa Tetrahydrofuran Market, By Technology , 2017–2027 (USD Billion)
List of Figures
1. Global Tetrahydrofuran Market Segmentation
2. Tetrahydrofuran Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Tetrahydrofuran Market Attractiveness Analysis By Application
9. Global Tetrahydrofuran Market Attractiveness Analysis By Technology
10. Global Tetrahydrofuran Market Attractiveness Analysis By End User
11. Global Tetrahydrofuran Market Attractiveness Analysis By Region
12. Global Tetrahydrofuran Market: Dynamics
13. Global Tetrahydrofuran Market Share by Application (2020 & 2027)
14. Global Tetrahydrofuran Market Share by Technology (2020 & 2027)
15. Global Tetrahydrofuran Market Share by End User (2020 & 2027)
16. Global Tetrahydrofuran Market Share by Regions (2020 & 2027)
17. Global Tetrahydrofuran Market Share by Company (2019)
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