Global Tetrahydrofuran Market Outlook to 2026

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 BlueQuark Research & Consulting, 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.