Tetrahydrofuran Market – Market Overview

Tetrahydrofuran (THF) is a highly volatile organic substance used as raw material for ether formulation by polymerization. It is synthesized by dehydrating butanediol (BDO) using any of the following processes which includes rep, furfural, butadiene, and day process. THF is widely used in the synthesis of other organic substances. The product finds application in resin, solvents, and polytetramethylene ether glycol (PTMEG). Polytetramethylene accounted for the largest market share owing to increasing demand for the skin –tight garments. PTMEG is widely used in the production of spandex fibres and polyurethane elastomers.

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Asia Pacific accounted for the largest market share in the tetrahydrofuran market as a result of rapidly expanding textile industry in the developing economies such as India and China. Additionally, during 2016-17, total fibre exports of India reached to USD 598 billion. However, rising imports post GST implementation are affecting the growth of textile industry in India. Increasing spending on sportswear by the consumers is driving the market growth in India further.

Industry/ Innovation/ Related News:

January, 2018 - BASF Corporation closed its THF and butanediol plant in North America post two events that happened at Geismar, Louisiana, manufacturing facility.

October, 2017– INVISTA, a leading integrated producer of chemical intermediates, polymers, and fibers, signed aggrement to sell its apparel and advanced textiles business to Shandong Ruyi Investment Holding. INVISTA will retain intellectual property rights for 1.4 butanediol (BDO), tetrahydrofuran (THF), and polytetramethylene ether glycol (PTMEG) technologies.

August, 2017– Ashland has stopped production of 1.4 butanediol and tetrahydrofuran (THF) in Europe after the fire incidence took place at its manufacturing facility at Marl, Germany.

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Key Player:

 BASF Corporation
 Dairen Chemical Corporation
 Merck KGaA
 Technical Chemical Compan
 Mitsubishi Chemical Corporation
 Ashland
 INVISTA
 BioAmber Inc
 LyondellBase
 Credence Chem Private Limited

Key Points from Table of Content:

7. Global Tetrahydrofuran Market By Application

7.1 Introduction
7.2 Polytetramethylene Ether Glycol
7.2.1 Market Estimates & Forecast, 2016-2023
7.2.2 Market Estimates & Forecast By Region, 2016-2023
7.3 Solvents
7.3.1 Market Estimates & Forecast, 2016-2023
7.3.2 Market Estimates & Forecast By Region, 2016-2023
7.4 Others
7.4.1 Market Estimates & Forecast, 2016-2023
7.4.2 Market Estimates & Forecast By Region, 2016-2023

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