Tetrahydrofuran Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Tetrahydrofuran Market covers analysis By Technology (Reppe process, Butadiene- based process, Propylene oxide-based process, Davy process, Others); Application (Solvents, Coatings, Adhesives, PU resin, PTMEG, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00016563
  • Category : Chemicals and Materials
  • No. of Pages : 150
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Tetrahydrofuran Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION

Tetrahydrofuran (THF) is a chemical compound that contains the molecular formula C4H8O. It is primarily extracted from 1, 4-butanediol. It is mainly used as a polymer precursor and as a Grignard reaction solvent. THF is composed of four carbon atoms, eight hydrogen atoms, and one oxygen atom, and most specifically, it is defined as a heterocyclic ether. Tetrahydrofuran (THF) is a transparent, colorless liquid with an etheric odor. The liquid is also less dense than the water.

MARKET DYNAMICS

Tetrahydrofuran (THF) is gaining importance due to the growing demand for PTMEG production. Moreover, improved economies of developing countries are also driving the global demand for Tetrahydrofuran (THF). In addition, growing applications in the automobile, construction, and footwear industries may further stimulate the growth of the tetrahydrofuran market. Tetrahydrofuran is widely used in the manufacture of polyurethane resins and is widely used in the automotive, construction, and electronics industries because of its lightweight properties; it can drive the growth of the tetrahydrofuran industry. Tetrahydrofuran market demand from the pharmaceutical industry is expected to increase over the forecast timeframe. It is commonly used as a reaction medium for Grignard synthesis or reduction of lithium aluminum hydride and serves as an extractor for a variety of drugs. THF distilled pure has many uses as a solvent, reaction medium, or starting synthesis product. It may be used on its own or in combination with other solvents in the leather industry as part of coating systems. Thus all these factors are expected to propel its demand in the market.

MARKET SCOPE

The "Global Tetrahydrofuran Market Analysis to 2028" is a specialized and in-depth study of the Chemical and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the tetrahydrofuran market with detailed market segmentation by technology, application, and geography. The global tetrahydrofuran market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tetrahydrofuran market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global tetrahydrofuran market is segmented on the basis of technology and application. On the basis of technology the global tetrahydrofuran market is segmented into reppe process, butadiene- based process, propylene oxide-based process, davy process, annd others. Based on application the global tetrahydrofuran market is segmented into solvents, coatings, adhesives, PU resin, PTMEG, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global tetrahydrofuran market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The tetrahydrofuran market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the tetrahydrofuran market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the tetrahydrofuran market in these regions.

Tetrahydrofuran Market Report Analysis

Tetrahydrofuran Market

  • CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • BASF
  • Ashland
  • BioAmber
  • Dairen Chemical
  • LyondellBasell
  • Mitsubishi Chemical
  • Nova Molecular Technologies
  • Penn A Kem
  • Sinochem Qingdao

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By Technology
  • Reppe process
  • Butadiene- based process
  • Propylene oxide-based process
  • Davy process
  • Others
By Application
  • Solvents
  • Coatings
  • Adhesives
  • PU resin
  • PTMEG
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS


The reports cover key developments in the tetrahydrofuran market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from tetrahydrofuran market are anticipated to lucrative growth opportunities in the future with the rising demand for tetrahydrofuran in the global market. Below mentioned is the list of few companies engaged in the tetrahydrofuran market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tetrahydrofuran market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   BASF
  •   Ashland
  •   Dairen Chemical
  •   LyondellBasell
  •   Mitsubishi Chemical
  •   Sipchem
  •   Nova Molecular Technologies
  •   Penn A Kem
  •   BioAmber
  •   Sinochem Qingdao

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Tetrahydrofuran Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Technology
  • Reppe process
  • Butadiene- based process
  • Propylene oxide-based process
  • Davy process
  • Others
By Application
  • Solvents
  • Coatings
  • Adhesives
  • PU resin
  • PTMEG
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • BASF
  • Ashland
  • BioAmber
  • Dairen Chemical
  • LyondellBasell
  • Mitsubishi Chemical
  • Nova Molecular Technologies
  • Penn A Kem
  • Sinochem Qingdao
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1. BASF
    2. Ashland
    3. BioAmber
    4. Dairen Chemical
    5. LyondellBasell
    6. Mitsubishi Chemical
    7. Nova Molecular Technologies
    8. Penn A Kem
    9.  Sinochem Qingdao
    10. Sipchem

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