Cover Image
Market Research Report
Product code 
620818

Tetrahydrofuran (THF) Market by Application (PTMEG, Solvents), Technology (Reppe Process, Davy Process, Propylene Oxide Process, Butadiene Process), and Region (Asia Pacific, North America, Europe, RoW) - Global Forecast to 2022

Published: | MarketsandMarkets | 102 Pages | Delivery time: 1-2 business days

Price

Back to Top
Tetrahydrofuran (THF) Market by Application (PTMEG, Solvents), Technology (Reppe Process, Davy Process, Propylene Oxide Process, Butadiene Process), and Region (Asia Pacific, North America, Europe, RoW) - Global Forecast to 2022
Published: March 27, 2018
MarketsandMarkets
Content info: 102 Pages
Delivery time: 1-2 business days
  • ALL
  • Description
  • Table of Contents
Description

"The Tetrahydrofuran (THF) market is projected to grow at a CAGR of 6.9%, in terms of value between 2017 and 2022."

The THF market is projected to grow from USD 2.95 billion in 2017 to USD 4.12 billion by 2022, at a CAGR of 6.9% from 2017 to 2022. The increasing demand for spandex fibers and polyurethane across the globe is driving the growth of the THF market. The hazardous impact of tetrahydrofuran on human and animal health and its high manufacturing costs are the factors restraining the growth of the THF market across the globe.

Among technologies, the butadiene process segment of the THF market is projected to grow at the highest CAGR, in terms of volume during the forecast period.

The butadiene process segment of the THF market is projected to grow at the highest CAGR, in terms of volume between 2017 and 2022. The growth of this segment of the market can be attributed to the low cost of raw materials and easy availability of butadiene. In addition, the Reppe process is the most widely used technology for manufacturing tetrahydrofuran, owing to its low cost and less number of steps involved in it. The efficiency of the Reppe process technology in manufacturing 1,4-Butanediol (BDO) is high.

Among applications, the Polytetramethylene Ether Glycol (PTMEG) segment of the THF market is projected to grow at the highest CAGR, in terms of volume during the forecast period.

Among applications, the PTMEG segment is projected to lead the THF market between 2017 and 2022, in terms of volume. The growth of this segment of the market can be attributed to the increased investments being made by the key players for the increased production of spandex across the globe. The high growth of the textile industry across the globe due to increased demand for sportswear is mainly responsible for the increased demand for spandex. This, in turn, is expected to drive the growth of the THF market across the globe.

The Asia Pacific THF market is projected to grow at the highest CAGR, in terms of volume during the forecast period.

The Asia Pacific THF market is projected to grow at the highest CAGR, in terms of volume during the forecast period. The growth of the Asia Pacific THF market can be attributed to the increased demand for tetrahydrofuran in PTMEG, solvents, and chemical intermediate applications. The high growth of the manufacturing sector in the Asia Pacific region due to growing industrialization has fueled the demand for tetrahydrofuran in the chemical, textile, packaging, automotive, and consumer goods industries. Tetrahydrofuran is used as a solvent in adhesives, paints, coatings, pharmaceuticals, inks, and cosmetics. Thus, the increased consumption of tetrahydrofuran in these industries of the region is expected to fuel the growth of the Asia Pacific THF market during the forecast period. Similarly, increasing investments by major chemical players in the chemical industry of the Asia Pacific region are also driving the demand for tetrahydrofuran from the region.

This study on the THF market has been validated through primaries conducted with various industry experts, worldwide. The primary sources have been divided into three categories based on company type, designation, and region.

  • By Company Size- Tier 1-70%, Tier 2 -20%, and Tier 3-10%
  • By Designation - C Level-5%, Director Level-20%, and Others-75%
  • By Region - Asia Pacific-45%, Europe-35%, North America-5%, and RoW-15%

Companies Profiled:

The key players profiled in the report include BASF (Germany), Dairen Chemical (Taiwan), Ashland (US), INVISTA (US), Mitsubishi Chemical (Japan), LyondellBasell (the Netherlands), Sipchem (Saudi Arabia), Penn A Kem (US), Nova Molecular Technologies (US), and BioAmber (US), among others.

Research Coverage:

The report offers insights on the use of tetrahydrofuran in a number of applications in various end-use industries across different regions. It aims at estimating the size of the THF market during the forecast period and projects future growth potential of the market based on technology, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the THF market, along with their company profiles, SWOT analysis, recent developments undertaken by them, and key growth strategies adopted by them.

Key Benefits of Buying the Report:

The report is expected to help market leaders/new entrants in the THF market by providing them the closest approximations of the revenues for the overall market and its various subsegments. This report is expected to help stakeholders obtain an improved understanding of the competitive landscape of the THF market and gain insights to enhance their businesses and devise suitable growth strategies. The report also aims at helping the stakeholders understand the pulse of the market and help them acquire information on key drivers, restraints, challenges, and opportunities impacting the growth of the THF market.

Table of Contents
Product Code: CH 6125

TABLE OF CONTENTS

1. INTRODUCTION

  • 1.1. OBJECTIVES OF THE STUDY
  • 1.2. MARKET DEFINITION
  • 1.3. MARKET SCOPE
    • 1.3.1. YEARS CONSIDERED FOR THE STUDY
  • 1.4. CURRENCY
  • 1.5. UNIT CONSIDERED
  • 1.6. STAKEHOLDERS

2. RESEARCH METHODOLOGY

  • 2.1. RESEARCH DATA
    • 2.1.1. SECONDARY DATA
      • 2.1.1.1. Key data from secondary sources
    • 2.1.2. PRIMARY DATA
      • 2.1.2.1. Key data from primary sources
      • 2.1.2.2. Key industry insights
      • 2.1.2.3. Breakdown of primary interviews
  • 2.2. MARKET SIZE ESTIMATION
    • 2.2.1. BOTTOM-UP APPROACH
    • 2.2.2. TOP-DOWN APPROACH
  • 2.3. DATA TRIANGULATION
  • 2.4. ASSUMPTIONS
  • 2.5. LIMITATIONS

3. EXECUTIVE SUMMARY

4. PREMIUM INSIGHTS

  • 4.1. SIGNIFICANT OPPORTUNITIES IN THF MARKET
  • 4.2. THF MARKET, BY PROCESS TECHNOLOGY
  • 4.3. THF MARKET, BY REGION

5. MARKET OVERVIEW

  • 5.1. INTRODUCTION
  • 5.2. MARKET DYNAMICS
    • 5.2.1. DRIVERS
      • 5.2.1.1. Growing demand for spandex fiber
      • 5.2.1.2. High demand for polyurethane (PU)
    • 5.2.2. RESTRAINTS
      • 5.2.2.1. Hazardous nature of THF
    • 5.2.3. OPPORTUNITIES
      • 5.2.3.1. Increasing importance of green chemistry
      • 5.2.3.2. High growth in emerging markets
    • 5.2.4. CHALLENGES
      • 5.2.4.1. Increasing environmental regulations
  • 5.3. PORTER'S FIVE FORCES ANALYSIS
    • 5.3.1. THREAT OF NEW ENTRANTS
    • 5.3.2. THREAT OF SUBSTITUTES
    • 5.3.3. BARGAINING POWER OF BUYERS
    • 5.3.4. BARGAINING POWER OF SUPPLIERS
    • 5.3.5. INTENSITY OF COMPETITIVE RIVALRY
  • 5.4. REGULATIONS AND PROTOCOLS OF THF
    • 5.4.1. REGULATIONS
      • 5.4.1.1. U.S. DOT HM-181 Rules
    • 5.4.2. HANDLING PROTOCOLS
    • 5.4.3. THF EXPOSURE LIMITS
    • 5.4.4. CHEMICAL STORAGE AND DISPOSAL
  • 5.5. MACROECONOMIC INDICATORS
    • 5.5.1. GDP GROWTH RATE FORECAST OF MAJOR ECONOMIES
    • 5.5.2. TEXTILE INDUSTRY
    • 5.5.3. MAJOR IMPORTERS AND EXPORTERS* OF THF

6. THF MARKET, BY PROCESS TECHNOLOGY

  • 6.1. INTRODUCTION
  • 6.2. COMMERCIAL TECHNOLOGIES FOR THE PRODUCTION OF BDO
  • 6.3. REPPE PROCESS
  • 6.4. DAVY PROCESS
  • 6.5. BUTADIENE-BASED PROCESS
  • 6.6. PROPYLENE OXIDE-BASED PROCESS
  • 6.7. OTHER TECHNOLOGIES
    • 6.7.1. CYCLIZATION OF BDO TO THF
      • 6.7.1.1. Furfural
    • 6.7.2. BIO-BASED TECHNOLOGIES
      • 6.7.2.1. Hydrogenolysis of succinic acid
      • 6.7.2.2. Fermentation of sugar
      • 6.7.2.3. Hydrogenation of succinic acid

7. THF MARKET, BY APPLICATION

(Note: Market sizes are not provided for the sub-segments)

  • 7.1. INTRODUCTION
  • 7.2. SOLVENTS
    • 7.2.1. COATINGS
    • 7.2.2. ADHESIVES
    • 7.2.3. PRINTING INKS
    • 7.2.4. RESINS
    • 7.2.5. REACTIONS & PURIFICATION
    • 7.2.6. ORGANIC SYNTHESIS
    • 7.2.7. OTHERS
  • 7.3. PTMEG
    • 7.3.1. SPANDEX
    • 7.3.2. PU RESIN
    • 7.3.3. THERMOPLASTIC POLYESTER ELASTOMER
  • 7.4. OTHERS

8. THF MARKET, BY REGION

  • 8.1. INTRODUCTION
  • 8.2. APAC
    • 8.2.1. CHINA
    • 8.2.2. JAPAN
    • 8.2.3. SOUTH KOREA
    • 8.2.4. REST OF APAC
  • 8.3. NORTH AMERICA
    • 8.3.1. US
    • 8.3.2. CANADA
    • 8.3.3. MEXICO
  • 8.4. EUROPE
    • 8.4.1. GERMANY
    • 8.4.2. FRANCE
    • 8.4.3. UK
    • 8.4.4. ITALY
    • 8.4.5. REST OF EUROPE
  • 8.5. ROW
    • 8.5.1. SAUDI ARABIA
    • 8.5.2. SOUTH AFRICA
    • 8.5.3. BRAZIL
    • 8.5.4. OTHERS

9. COMPETITIVE LANDSCAPE

  • 9.1. OVERVIEW
  • 9.2. MARKET SHARE ANALYSIS OF KEY PLAYERS
    • 9.2.1. BASF AND DAIREN CHEMICAL
    • 9.2.2. OTHERS

10. COMPANY PROFILES (Business Overview, Products Offered, SWOT Analysis, MnM View)*

  • 10.1. BASF
  • 10.2. DAIREN CHEMICAL
  • 10.3. ASHLAND
  • 10.4. MITSUBISHI CHEMICAL CORPORATION
  • 10.5. INVISTA
  • 10.6. BIOAMBER
  • 10.7. LYONDELLBASELL
  • 10.8. PENNAKEM
  • 10.9. SIPCHEM
  • 10.10. OTHERS
    • 10.10.1. TCC CHEMICAL
    • 10.10.2. SINOCHEM QINGDAO
    • 10.10.3. BLUESTAR NEW CHEMICAL MATERIALS
    • 10.10.4. SHANXI SANWEI
    • 10.10.5. NAN YA PLASTICS
    • 10.10.6. KOREA PTG

*Details on Business Overview, Products Offered, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

11. APPENDIX

  • 11.1. INSIGHTS FROM INDUSTRY EXPERTS
  • 11.2. DISCUSSION GUIDE
  • 11.3. KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 11.4. INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
  • 11.5. AVAILABLE CUSTOMIZATIONS
  • 11.6. RELATED REPORTS
  • 11.7. AUTHOR DETAILS

LIST OF TABLES

  • TABLE 1: FORECAST OF REAL GDP GROWTH RATES, 2016-2022
  • TABLE 2: TECHNOLOGIES ADOPTED BY DIFFERENT COMPANIES FOR THE PRODUCTION OF THF
  • TABLE 3: THF MARKET SIZE, BY PROCESS TECHNOLOGY, 2015-2022 (KILOTON)
  • TABLE 4: THF MARKET SIZE, BY PROCESS TECHNOLOGY, 2015-2022 (USD MILLION)
  • TABLE 5: COMPARATIVE ANALYSIS OF PRODUCTION TECHNOLOGIES
  • TABLE 6: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 7: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 8: SOLVENTS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • TABLE 9: PTMEG MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • TABLE 10: OTHER APPLICATIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • TABLE 11: THF MARKET SIZE, BY REGION, 2015-2022 (KILOTON)
  • TABLE 12: THF MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • TABLE 13: APAC: THF MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
  • TABLE 14: APAC: THF MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
  • TABLE 15: APAC: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 16: APAC: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 17: CHINA: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 18: CHINA: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 19: JAPAN: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 20: JAPAN: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 21: SOUTH KOREA: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 22: SOUTH KOREA: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 23: REST OF APAC: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 24: REST OF APAC: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 25: NORTH AMERICA: THF MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
  • TABLE 26: NORTH AMERICA: THF MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
  • TABLE 27: NORTH AMERICA: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 28: NORTH AMERICA: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 29: US: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 30: US: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 31: CANADA: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 32: CANADA: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 33: MEXICO: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 34: MEXICO: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 35: EUROPE: THF MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
  • TABLE 36: EUROPE: THF MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
  • TABLE 37: EUROPE: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 38: EUROPE: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 39: GERMANY: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 40: GERMANY: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 41: FRANCE: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 42: FRANCE: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 43: UK: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 44: UK: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 45: ITALY: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 46: ITALY: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 47: REST OF EUROPE: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 48: REST OF EUROPE: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 49: ROW: THF MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
  • TABLE 50: ROW: THF MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
  • TABLE 51: ROW: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 52: ROW: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 53: SAUDI ARABIA: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 54: SAUDI ARABIA: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 55: SOUTH AFRICA: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 56: SOUTH AFRICA: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 57: BRAZIL: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 58: BRAZIL: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • TABLE 59: OTHERS: THF MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
  • TABLE 60: OTHERS: THF MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)

LIST OF FIGURES

  • FIGURE 1: THF MARKET SEGMENTATION
  • FIGURE 2: THF MARKET: RESEARCH DESIGN
  • FIGURE 3: MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
  • FIGURE 4: MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
  • FIGURE 5: THF MARKET: DATA TRIANGULATION
  • FIGURE 6: THF MARKET SIZE, BY VOLUME (KILOTON) AND VALUE (USD BILLION), 2015-2022
  • FIGURE 7: REPPE PROCESS TO BE THE DOMINATING TECHNOLOGY FOR THF
  • FIGURE 8: PTMEG TO BE THE DOMINATING APPLICATION OF THF
  • FIGURE 9: CHINA TO BE THE LARGEST THF MARKET
  • FIGURE 10: APAC DOMINATED THE THF MARKET IN 2016
  • FIGURE 11: INCREASING DEMAND FROM PTMEG APPLICATION TO DRIVE THF MARKET
  • FIGURE 12: PTMEG TO BE THE LARGEST APPLICATION OF THF
  • FIGURE 13: BUTADIENE-BASED PROCESS TECHNOLOGY TO BE THE FASTEST-GROWING APPLICATION
  • FIGURE 14: APAC DOMINATED THF MARKET IN 2016
  • FIGURE 15: FACTORS GOVERNING THF MARKET
  • FIGURE 16: PORTER'S FIVE FORCES ANALYSIS OF THF MARKET
  • FIGURE 17: WORLD TEXTILE TRADE DATA (2005-2014)
  • FIGURE 18: REPPE PROCESS TO BE THE LEADING TECHNOLOGY FOR THF
  • FIGURE 19: VARIOUS TECHNOLOGIES USED FOR BDO PRODUCTION
  • FIGURE 20: DAVY PROCESS
  • FIGURE 21: CYCLIZATION OF BDO
  • FIGURE 22: FURFURAL TECHNOLOGY
  • FIGURE 23: BIO-BASED PROCESS
  • FIGURE 24: PTMEG TO BE THE LEADING APPLICATION OF THF
  • FIGURE 25: APAC: THF MARKET SNAPSHOT
  • FIGURE 26: NORTH AMERICA: THF MARKET SNAPSHOT
  • FIGURE 27: EUROPE: THF MARKET SNAPSHOT
  • FIGURE 28: MARKET RANKING OF KEY PLAYERS, 2016
  • FIGURE 29: BASF: COMPANY SNAPSHOT
  • FIGURE 30: ASHLAND: COMPANY SNAPSHOT
  • FIGURE 31: BIOAMBER: COMPANY SNAPSHOT
  • FIGURE 32: LYONDELLBASELL: COMPANY SNAPSHOT
  • FIGURE 33: SIPCHEM: COMPANY SNAPSHOT