North America Tetrahydrofuran (THF) Market Size, Share & Industry Trends Analysis Report By End-Use, By Application (Polytetramethylene Ether Glycol (PTMEG), Solvents, and Others), By Country and Growth Forecast, 2023

Description

List of Tables

The North America Tetrahydrofuran (THF) Market would witness market growth of 6.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 309.32 Kilo Tonnes, showcasing a growth of 5.2% (2019-2022).

THF is widely used in the formulation of adhesives due to its excellent solvent properties. It helps dissolve and disperse various polymers, creating adhesive formulations with desirable characteristics such as strong bonding, flexibility, and durability. THF is a key ingredient in the production of sealants. It contributes to forming sealant materials that provide effective sealing, bonding, and protection against environmental factors such as moisture, heat, and chemicals. THF is used in the production of adhesives for flexible packaging applications.

Furthermore, innovations in the production of tetrahydrofuran include the development of bio-based alternatives derived from renewable resources. These innovations align with the industry's commitment to sustainability and offer a greener option than conventional petrochemical based THF. The demand for THF in the formulation of adhesives for flexible packaging materials has increased due to the expansion of the packaging industry, particularly in the food and beverage sector.

According to U.S. Census Bureau estimates, spending on construction was $1,972.6 billion (seasonally adjusted annual rate) in July 2023, which is 0.7 percent (0.5 percent) more than the previously anticipated $1,958.9 billion in June. The July 2023 amount is 5.5% (1.2%) greater than the July 2022 estimate of $1,869.3 billion. Construction spending reached $1,101.5 billion in the first seven months of 2023, a 3.7 percent (1.0 percent) increase over the $1,062.1 billion spent during the same period in 2022. The demand for residential construction, including single-family homes and multi-family units, drives the construction industry in the US. THF is used to produce polymer-based materials used in residential building components in the US. Due to these aspects, the market will expand across the North America region in upcoming years.

The US market dominated the North America Tetrahydrofuran (THF) Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,108.4 Million by 2030. The Canada market is registering a CAGR of 6.8% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 6.6% during (2023 - 2030).

Based on End-Use, the market is segmented into Paints & Coatings, Textile, Pharmaceutical, Polymer, and Others. Based on Application, the market is segmented into Polytetramethylene Ether Glycol (PTMEG), Solvents, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mitsubishi Chemical Holdings Corporation, BASF SE, Honeywell International, Inc., Univar Solutions, Inc., Toray Industries, Inc., Ashland Inc. (Ashland Global Holdings Inc.), Merck KGaA, LyondellBasell Industries Holdings B.V., Eastman Chemical Company, and Tokyo Chemical Industry Co. Ltd.

Scope of the Study

Market Segments covered in the Report:

By End-Use (Volume, Kilo Tonnes, USD Billion, 2019-2030)

Paints & Coatings
Textile
Pharmaceutical
Polymer
Others

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

Polytetramethylene Ether Glycol (PTMEG)
Solvents
Others

By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)

US
Canada
Mexico
Rest of North America

Companies Profiled

Mitsubishi Chemical Holdings Corporation
BASF SE
Honeywell International, Inc.
Univar Solutions, Inc.
Toray Industries, Inc.
Ashland Inc. (Ashland Global Holdings Inc.)
Merck KGaA
LyondellBasell Industries Holdings B.V.
Eastman Chemical Company
Tokyo Chemical Industry Co. Ltd.

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Tetrahydrofuran (THF) Market, by End-Use
- 1.4.2 North America Tetrahydrofuran (THF) Market, by Application
- 1.4.3 North America Tetrahydrofuran (THF) Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
3.3 Porter's Five Force Analysis

Chapter 4. North America Tetrahydrofuran (THF) Market, by End-Use

4.1 North America Paints & Coatings Market, by Country
4.2 North America Textile Market, by Country
4.3 North America Pharmaceutical Market, by Country
4.4 North America Polymer Market, by Country
4.5 North America Others Market, by Country

Chapter 5. North America Tetrahydrofuran (THF) Market, by Application

5.1 North America Polytetramethylene Ether Glycol (PTMEG) Market, by Country
5.2 North America Solvents Market, by Country
5.3 North America Others Market, by Country

Chapter 6. North America Tetrahydrofuran (THF) Market, by Country

6.1 US Tetrahydrofuran (THF) Market
- 6.1.1 US Tetrahydrofuran (THF) Market, by End-Use
- 6.1.2 US Tetrahydrofuran (THF) Market, by Application
6.2 Canada Tetrahydrofuran (THF) Market
- 6.2.1 Canada Tetrahydrofuran (THF) Market, by End-Use
- 6.2.2 Canada Tetrahydrofuran (THF) Market, by Application
6.3 Mexico Tetrahydrofuran (THF) Market
- 6.3.1 Mexico Tetrahydrofuran (THF) Market, by End-Use
- 6.3.2 Mexico Tetrahydrofuran (THF) Market, by Application
6.4 Rest of North America Tetrahydrofuran (THF) Market
- 6.4.1 Rest of North America Tetrahydrofuran (THF) Market, by End-Use
- 6.4.2 Rest of North America Tetrahydrofuran (THF) Market, by Application

Chapter 7. Company Profiles

7.1 Mitsubishi Chemical Holdings Corporation
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 SWOT Analysis
7.2 BASF SE
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 Recent strategies and developments:
  - 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.2.6 SWOT Analysis
7.3 Honeywell International, Inc.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
7.4 Univar Solutions, Inc.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental Analysis
- 7.4.4 Recent strategies and developments:
  - 7.4.4.1 Acquisition and Mergers:
  - 7.4.4.2 Geographical Expansions:
- 7.4.5 SWOT Analysis
7.5 Toray Industries, Inc.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expense
- 7.5.5 SWOT Analysis
7.6 Ashland Inc. (Ashland Global Holdings Inc.)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 SWOT Analysis
7.7 Merck KGaA
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expense
- 7.7.5 SWOT Analysis
7.8 LyondellBasell Industries Holdings B.V.
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expenses
- 7.8.5 Recent strategies and developments:
  - 7.8.5.1 Geographical Expansions:
- 7.8.6 SWOT Analysis
7.9 Eastman Chemical Company
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expense
- 7.9.5 SWOT Analysis
7.10. Tokyo Chemical Industry Co., Ltd.
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis

LIST OF TABLES

TABLE 1 North America Tetrahydrofuran (THF) Market, 2019 - 2022, USD Million
TABLE 2 North America Tetrahydrofuran (THF) Market, 2023 - 2030, USD Million
TABLE 3 North America Tetrahydrofuran (THF) Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Tetrahydrofuran (THF) Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Tetrahydrofuran (THF) Market, by End-Use, 2019 - 2022, USD Million
TABLE 6 North America Tetrahydrofuran (THF) Market, by End-Use, 2023 - 2030, USD Million
TABLE 7 North America Tetrahydrofuran (THF) Market, by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Tetrahydrofuran (THF) Market, by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Paints & Coatings Market, by Country, 2019 - 2022, USD Million
TABLE 10 North America Paints & Coatings Market, by Country, 2023 - 2030, USD Million
TABLE 11 North America Paints & Coatings Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Paints & Coatings Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Textile Market, by Country, 2019 - 2022, USD Million
TABLE 14 North America Textile Market, by Country, 2023 - 2030, USD Million
TABLE 15 North America Textile Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Textile Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Pharmaceutical Market, by Country, 2019 - 2022, USD Million
TABLE 18 North America Pharmaceutical Market, by Country, 2023 - 2030, USD Million
TABLE 19 North America Pharmaceutical Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Pharmaceutical Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Polymer Market, by Country, 2019 - 2022, USD Million
TABLE 22 North America Polymer Market, by Country, 2023 - 2030, USD Million
TABLE 23 North America Polymer Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Polymer Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 26 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 27 North America Others Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Others Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Tetrahydrofuran (THF) Market, by Application, 2019 - 2022, USD Million
TABLE 30 North America Tetrahydrofuran (THF) Market, by Application, 2023 - 2030, USD Million
TABLE 31 North America Tetrahydrofuran (THF) Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Tetrahydrofuran (THF) Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Polytetramethylene Ether Glycol (PTMEG) Market, by Country, 2019 - 2022, USD Million
TABLE 34 North America Polytetramethylene Ether Glycol (PTMEG) Market, by Country, 2023 - 2030, USD Million
TABLE 35 North America Polytetramethylene Ether Glycol (PTMEG) Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Polytetramethylene Ether Glycol (PTMEG) Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Solvents Market, by Country, 2019 - 2022, USD Million
TABLE 38 North America Solvents Market, by Country, 2023 - 2030, USD Million
TABLE 39 North America Solvents Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Solvents Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 42 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 43 North America Others Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Others Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 North America Tetrahydrofuran (THF) Market, by Country, 2019 - 2022, USD Million
TABLE 46 North America Tetrahydrofuran (THF) Market, by Country, 2023 - 2030, USD Million
TABLE 47 North America Tetrahydrofuran (THF) Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 North America Tetrahydrofuran (THF) Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 US Tetrahydrofuran (THF) Market, 2019 - 2022, USD Million
TABLE 50 US Tetrahydrofuran (THF) Market, 2023 - 2030, USD Million
TABLE 51 US Tetrahydrofuran (THF) Market, 2019 - 2022, Kilo Tonnes
TABLE 52 US Tetrahydrofuran (THF) Market, 2023 - 2030, Kilo Tonnes
TABLE 53 US Tetrahydrofuran (THF) Market, by End-Use, 2019 - 2022, USD Million
TABLE 54 US Tetrahydrofuran (THF) Market, by End-Use, 2023 - 2030, USD Million
TABLE 55 US Tetrahydrofuran (THF) Market, by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 56 US Tetrahydrofuran (THF) Market, by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 57 US Tetrahydrofuran (THF) Market, by Application, 2019 - 2022, USD Million
TABLE 58 US Tetrahydrofuran (THF) Market, by Application, 2023 - 2030, USD Million
TABLE 59 US Tetrahydrofuran (THF) Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 60 US Tetrahydrofuran (THF) Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 61 Canada Tetrahydrofuran (THF) Market, 2019 - 2022, USD Million
TABLE 62 Canada Tetrahydrofuran (THF) Market, 2023 - 2030, USD Million
TABLE 63 Canada Tetrahydrofuran (THF) Market, 2019 - 2022, Kilo Tonnes
TABLE 64 Canada Tetrahydrofuran (THF) Market, 2023 - 2030, Kilo Tonnes
TABLE 65 Canada Tetrahydrofuran (THF) Market, by End-Use, 2019 - 2022, USD Million
TABLE 66 Canada Tetrahydrofuran (THF) Market, by End-Use, 2023 - 2030, USD Million
TABLE 67 Canada Tetrahydrofuran (THF) Market, by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 68 Canada Tetrahydrofuran (THF) Market, by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 69 Canada Tetrahydrofuran (THF) Market, by Application, 2019 - 2022, USD Million
TABLE 70 Canada Tetrahydrofuran (THF) Market, by Application, 2023 - 2030, USD Million
TABLE 71 Canada Tetrahydrofuran (THF) Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 72 Canada Tetrahydrofuran (THF) Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 73 Mexico Tetrahydrofuran (THF) Market, 2019 - 2022, USD Million
TABLE 74 Mexico Tetrahydrofuran (THF) Market, 2023 - 2030, USD Million
TABLE 75 Mexico Tetrahydrofuran (THF) Market, 2019 - 2022, Kilo Tonnes
TABLE 76 Mexico Tetrahydrofuran (THF) Market, 2023 - 2030, Kilo Tonnes
TABLE 77 Mexico Tetrahydrofuran (THF) Market, by End-Use, 2019 - 2022, USD Million
TABLE 78 Mexico Tetrahydrofuran (THF) Market, by End-Use, 2023 - 2030, USD Million
TABLE 79 Mexico Tetrahydrofuran (THF) Market, by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 80 Mexico Tetrahydrofuran (THF) Market, by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 81 Mexico Tetrahydrofuran (THF) Market, by Application, 2019 - 2022, USD Million
TABLE 82 Mexico Tetrahydrofuran (THF) Market, by Application, 2023 - 2030, USD Million
TABLE 83 Mexico Tetrahydrofuran (THF) Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 84 Mexico Tetrahydrofuran (THF) Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 85 Rest of North America Tetrahydrofuran (THF) Market, 2019 - 2022, USD Million
TABLE 86 Rest of North America Tetrahydrofuran (THF) Market, 2023 - 2030, USD Million
TABLE 87 Rest of North America Tetrahydrofuran (THF) Market, 2019 - 2022, Kilo Tonnes
TABLE 88 Rest of North America Tetrahydrofuran (THF) Market, 2023 - 2030, Kilo Tonnes
TABLE 89 Rest of North America Tetrahydrofuran (THF) Market, by End-Use, 2019 - 2022, USD Million
TABLE 90 Rest of North America Tetrahydrofuran (THF) Market, by End-Use, 2023 - 2030, USD Million
TABLE 91 Rest of North America Tetrahydrofuran (THF) Market, by End-Use, 2019 - 2022, Kilo Tonnes
TABLE 92 Rest of North America Tetrahydrofuran (THF) Market, by End-Use, 2023 - 2030, Kilo Tonnes
TABLE 93 Rest of North America Tetrahydrofuran (THF) Market, by Application, 2019 - 2022, USD Million
TABLE 94 Rest of North America Tetrahydrofuran (THF) Market, by Application, 2023 - 2030, USD Million
TABLE 95 Rest of North America Tetrahydrofuran (THF) Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 96 Rest of North America Tetrahydrofuran (THF) Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 97 Key Information - MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 98 Key Information - BASF SE
TABLE 99 Key Information - Honeywell International, Inc.
TABLE 100 Key Information - Univar Solutions, Inc.
TABLE 101 Key Information - Toray Industries, Inc.
TABLE 102 Key Information - Ashland Inc.
TABLE 103 key Information - Merck KGaA
TABLE 104 Key Information - LyondellBasell Industries Holdings B.V.
TABLE 105 Key Information - Eastman Chemical Company
TABLE 106 Key Information - Tokyo Chemical Industry Co., Ltd.

North America Tetrahydrofuran (THF) Market Size, Share & Industry Trends Analysis Report By End-Use, By Application (Polytetramethylene Ether Glycol (PTMEG), Solvents, and Others), By Country and Growth Forecast, 2023 - 2030