四氢夫喃 (THF) 市场 - 增长、趋势和预测 (2023-2028)
市场调查报告书
商品编码
1273507

四氢夫喃 (THF) 市场 - 增长、趋势和预测 (2023-2028)

Tetrahydrofuran (THF) Market - Growth, Trends, and Forecasts (2023 - 2028)

出版日期: | 出版商: Mordor Intelligence | 英文 120 Pages | 商品交期: 2-3个工作天内

价格

本网页内容可能与最新版本有所差异。详细情况请与我们联繫。

简介目录

四氢夫喃 (THF) 市场预计在预测期内以 6% 的复合年增长率註册。

主要亮点

  • COVID-19 在 2020 年对市场产生了负面影响。与冠状病毒相关的大规模检疫对聚合物、纺织品、油漆和涂料行业产生了不利影响。製药行业是那段时间唯一受益的行业。儘管如此,四氢夫喃市场最近开始增长,预计在预测期内将以同样的轨迹扩张。
  • 从中期来看,纺织行业对氨纶的需求增加以及对聚氯乙烯製造业的需求增加将是推动市场的主要因素。另一方面,相近替代品的可用性和 THF 的危险特性(高度易燃且对健康有害)阻碍了市场扩张。
  • 生物基四氢夫喃的最新创新很可能为所研究的市场提供机会。预计亚太地区将主导全球市场,其中中国、印度和日本等国家的消费量最高。

四氢夫喃 (THF) 市场趋势

油漆和涂料行业的需求增加

  • 由于其独特的性能,四氢夫喃 (THF) 被用于油漆和涂料行业的各种应用。常用作化学工业中各种合成的溶剂、反应介质和起始原料,如粘合剂、特种油漆、涂料、纤维製备、某些活性物质的提取、某些化合物的重结晶等。
  • 它提供均匀的膜厚和快速干燥,形成具有高固体含量和实用工作粘度的溶液,提供良好的粘度和流变控制,从而减少涂抹。
  • 根据Worlds Paint and Coatings Industry Association (WPCIA) 的数据,2022 年全球油漆和涂料的销售额约为 1800 亿美元。到 2027 年,油漆和涂料行业预计将实现 3% 左右的复合年增长率 (CAGR)。根据该协会的年度报告,2022年北美市场价值339.2亿美元,而欧洲市场价值423.7亿美元。这些个别地区的增长归因于加拿大、德国和美国国内装修项目的增加。
  • 在许多行业中,油漆和涂料的消耗量正在迅速增长。涂料广泛用于汽车、建筑和製造业。例如,全球建筑施工市场从 2019 年的 6.6 万亿美元增长到 2022 年的 8.4 万亿美元。同样,全球运输製造市场将从 2019 年的 6 万亿美元增长到 2022 年的 7.8 万亿美元。
  • 装饰漆和涂料广泛应用于建筑和建筑,而防护漆和涂料则与汽车、大家电和工业设备行业密切相关。因此,终端用户行业的增长预计将在预测期内推动油漆和涂料市场。
  • 这些因素将增加各行业的投资,增加全球对油漆和涂料的需求,这将对四氢夫喃市场产生积极影响。
四氢夫喃 (THF) 市场-IMG1

亚太地区主导市场

  • 由于中国、印度和日本等国家的需求不断增加,预计亚太地区在预测期内将主导四氢夫喃市场。未来对油漆和涂料的需求预计将受到发展中国家工业和基础设施建设增加的推动,尤其是中国、印度和新兴经济体。
  • 到 2022 年,亚太地区油漆和涂料行业的产值将达到 630 亿美元。中国目前主导该地区的市场,复合年增长率 (CAGR) 为 5.8%。2022年,中国市场将增长5.7%。按照目前趋势,2022年中国油漆涂料总销售额将超过450亿美元。在东亚,该国拥有最大的市场份额,达到 78%。
  • 四氢夫喃在製药工业中用于生产止咳药、利福霉素和黄体酮等激素类药物,并用作格氏合成过程中的反应介质。印度製药业占全球供应量的20%,产量位居第三。四氢夫喃市场预计将受到需求增长和製药业务扩张的推动。
  • IQVIA 是一家服务于健康信息技术和临床研究联合行业的美国跨国公司,它预测中国作为世界第二大医药消费国,在未来五年内该细分市场的数量将增长 8%。预计支出增长 19%,儘管速度比以前慢,但重点是扩大创新药物的可及性。
  • 据印度政府称,到2030年,印度医药行业的市场规模预计将达到1300亿美元。此外,印度已向200多个国家提供药品,并将继续这样做。到2021年,它将成为全球最大的疫苗生产商,占疫苗总产量的60%,以及第三大製药商。
  • 在印度,人均收入的增加、有利的人口结构以及对品牌产品偏好的改变推动了对纺织业的需求,从而推动了研究市场的发展。据印度品牌资产基金会 (IBEF) 估计,到 2025 年,印度的纺织业产值将达到 2200 亿美元左右。
  • 在此背景下,政府支持、全球投资和业务扩张正在推动亚太地区对四氢夫喃的需求不断增长。
四氢夫喃 (THF) 市场-IMG2

四氢夫喃 (THF) 行业概况

全球四氢夫喃市场部分分散,大型企业占据的市场份额很小。一些公司包括 Ashland、BASF SE、Mitsubishi Chemical Corporation、DCC 和 Banner Chemicals Limited。

其他福利:

  • Excel 格式的市场预测 (ME) 表
  • 3 个月的分析师支持

目录

第 1 章 简介

  • 调查先决条件
  • 本次调查范围

第二章研究方法论

第三章执行摘要

第四章市场动态

  • 促进者
    • 纺织行业对氨纶的需求不断增长
    • 对 PVC 製造的需求不断增长
  • 阻碍因素
    • 接近替代品的可用性
    • THF 危害(高度易燃,危害健康)
  • 行业价值链分析
  • 五力分析(波特五力分析)
    • 供应商的议价能力
    • 消费者议价能力
    • 新进入者的威胁
    • 替代品的威胁
    • 竞争程度

第 5 章市场细分(基于价值的市场规模)

  • 用法
    • 聚四亚甲基醚二醇(PTMEG)
    • 溶剂
    • 其他用途
  • 终端用户行业
    • 高分子材料
    • 纤维
    • 药物
    • 油漆/涂料
    • 其他终端用户行业
  • 区域
    • 亚太地区
      • 中国
      • 印度
      • 日本
      • 韩国
      • 亚太其他地区
    • 北美
      • 美国
      • 加拿大
      • 墨西哥
    • 欧洲
      • 德国
      • 英国
      • 意大利
      • 法国
      • 欧洲其他地区
    • 南美洲
      • 巴西
      • 阿根廷
      • 其他南美洲
    • 中东/非洲
      • 沙特阿拉伯
      • 南非
      • 其他中东/非洲

第六章竞争格局

  • 併购、合资、合作、合同等
  • 市场份额(%)**/排名分析
  • 领先公司采用的策略
  • 公司简介
    • Ashland
    • Banner Chemicals Limited
    • BASF SE
    • BHAGWATI CHEMICALS
    • DCC
    • Hefei TNJ Chemical Industry Co.,Ltd.
    • Henan GP Chemicals Co., Ltd
    • Mitsubishi Chemical Corporation
    • NASIT PHARMACHEM
    • REE ATHARVA LIFESCIENCE PVT. LTD
    • Riddhi Siddhi Industries
    • Shenyang East Chemical Science-Tech Co., Ltd.
    • Sipchem Company

第七章市场机会与未来趋势

  • 生物基四氢夫喃(THF)开发技术创新
  • 其他商机
简介目录
Product Code: 69066

The tetrahydrofuran (THF) market is projected to register a CAGR of 6% during the forecast period.

Key Highlights

  • COVID-19 negatively impacted the market in 2020. The coronavirus-related mass quarantines negatively affected the polymer, textile, paints, and coatings industries. The pharmaceutical business was the only one to have a beneficial impact during that time. Nonetheless, the THF market has started to grow in the recent past and is predicted to expand with the same trajectory over the forecast years.
  • In the medium term, growing demand for spandex from the textile industry and increasing demand for polyvinyl chloride manufacturing are the major factors driving the market. On the other hand, the availability of close replacements and THF's hazardous characteristics (very flammable and health hazards) are impeding the market's expansion.
  • The recent innovations in bio-based THF will likely act as an opportunity for the market studied. The Asia-Pacific region is expected to dominate the market across the world, with the largest consumption from countries such as China, India, and Japan.

Tetrahydrofuran (THF) Market Trends

Increasing Demand from the Paints and Coatings Industry

  • Tetrahydrofuran (THF) serves a variety of purposes in the paints and coatings industry due to its unique properties. It is commonly used as a solvent, reaction medium, and starting material for various syntheses in the chemical industry, for example, for preparing adhesives, special paints, coatings, and fibers, and in the extraction of specific active substances, for the recrystallization of certain compounds.
  • It provides uniform coating thickness and rapid drying, forms a solution with high solids and practical working viscosities, and provides good viscosity and rheology control, which in turn helps reduce smearing.
  • According to Worlds Paint and Coatings Industry Association (WPCIA), global sales of paints and coatings were around USD 180 billion in 2022. By 2027, the paints and coatings industry is predicted to have a compound annual growth rate (CAGR) of around 3%. The annual report by the association also stated that in 2022, the North American market was worth USD 33.92 billion, while the European market was worth USD 42.37 billion. The expansion of these individual regions is ascribed to an uptick in domestic remodeling projects in Canada, Germany, and the United States.
  • There is a rapid growth in the consumption of paints and coatings in many industries. Paints and coatings are widely used in the automotive, construction, and manufacturing industries. For instance, the global buildings construction market increased from USD 6.6 trillion in 2019 to USD 8.4 trillion in 2022. Similarly, the global transportation manufacturing market is increased from USD 6 trillion in 2019 to USD 7.8 trillion in 2022.
  • Decorative paints and coatings are widely used in buildings and construction whereas protective paints and coatings are linked closely to the automotive, major appliance, and industrial equipment industries. Therefore, growth in end-user industries is expected to drive the paints and coatings market during the forecast period..
  • Owing to all these factors, the rising investments in different industries will increase the demand for paints and coatings from all around the world and thus positively influence the market of tetrahydrofuran
Tetrahydrofuran (THF) Market - IMG1

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market for tetrahydrofuran during the forecast period due to an increase in demand from countries like China, India, and Japan. The future demand for paints and coatings is expected to be driven by rising industrial and infrastructure construction in developing countries, particularly China, India, and ASEAN countries.
  • In 2022, the Asia-Pacific paints and coatings industry was worth USD 63 billion. China now dominates the region's market, which is growing at a compound annual growth rate (CAGR) of 5.8%. In 2022, the Chinese market grew by 5.7%. According to current trends, China's total paints and coatings sales exceeded USD 45 billion in 2022. In East Asia, the country had the largest market share at 78%.
  • Tetrahydrofuran is used in the pharmaceutical industry to make cough serum, rifamycin, progesterone, and other hormone medicines, as well as a reaction medium in the Grignard synthesis process. India's pharmaceutical business accounts for 20% of global supply by volume and ranks third in terms of production volume. The market for tetrahydrofuran is likely to be driven by rising demand and the expansion of pharmaceutical businesses.
  • According to the estimations by IQVIA, a US multinational company serving the combined industries of health information technology and clinical research, China, the world's second-largest pharmaceutical spending country, will increase the volume of the segment by 8% over five years while spending will increase by 19%, a slower rate than in previous years but still at a focus on extending access to innovative drugs.
  • According to the Government of India, the Indian pharmaceutical sector market will be worth USD 130 billion by 2030. Furthermore, India has supplied pharmaceutical products to over 200 countries and will continue to do so in the future. As of 2021, the country was the world's largest producer of vaccines, accounting for 60% of overall vaccine production, and ranked third in pharmaceutical manufacturing by volume.
  • In India, the rising per capita income, favorable demographics, and a shift in preference for branded products boost the demand for the textile industry, thus, boosting the market studied. According to the India Brand Equity Foundation (IBEF), the textile industry in India is estimated to reach about USD 220 billion by 2025.
  • The aforementioned causes, together with government backing and global investments and expansions in the region, are driving growing demand for tetrahydrofuran in Asia-Pacific.
Tetrahydrofuran (THF) Market - IMG2

Tetrahydrofuran (THF) Industry Overview

The global tetrahydrofuran market is partially fragmented, with major players accounting for a marginal share of the market. A few companies include Ashland, BASF SE, Mitsubishi Chemical Corporation, DCC, and Banner Chemicals Limited.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand for Spandex from the Textile Industry
    • 4.1.2 Increasing Demand for PVC Manufacturing
  • 4.2 Restraints
    • 4.2.1 Availability of Close Substitutes
    • 4.2.2 Hazardous Nature (Highly Flammable and Health Hazard) of THF
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Application
    • 5.1.1 Polytetramethylene Ether Glycol (PTMEG)
    • 5.1.2 Solvent
    • 5.1.3 Other Applications
  • 5.2 End-User Industry
    • 5.2.1 Polymer
    • 5.2.2 Textile
    • 5.2.3 Pharmaceutical
    • 5.2.4 Paints and Coatings
    • 5.2.5 Other End-User Industries
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
      • 5.3.1.1 China
      • 5.3.1.2 India
      • 5.3.1.3 Japan
      • 5.3.1.4 South Korea
      • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
      • 5.3.2.1 United States
      • 5.3.2.2 Canada
      • 5.3.2.3 Mexico
    • 5.3.3 Europe
      • 5.3.3.1 Germany
      • 5.3.3.2 United Kingdom
      • 5.3.3.3 Italy
      • 5.3.3.4 France
      • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
      • 5.3.4.1 Brazil
      • 5.3.4.2 Argentina
      • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
      • 5.3.5.1 Saudi Arabia
      • 5.3.5.2 South Africa
      • 5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) **/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Ashland
    • 6.4.2 Banner Chemicals Limited
    • 6.4.3 BASF SE
    • 6.4.4 BHAGWATI CHEMICALS
    • 6.4.5 DCC
    • 6.4.6 Hefei TNJ Chemical Industry Co.,Ltd.
    • 6.4.7 Henan GP Chemicals Co., Ltd
    • 6.4.8 Mitsubishi Chemical Corporation
    • 6.4.9 NASIT PHARMACHEM
    • 6.4.10 REE ATHARVA LIFESCIENCE PVT. LTD
    • 6.4.11 Riddhi Siddhi Industries
    • 6.4.12 Shenyang East Chemical Science-Tech Co., Ltd.
    • 6.4.13 Sipchem Company

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Innovations in Development of Bio-based Tetrahydrofuran (THF)
  • 7.2 Other Opportunities