Global 2-Methyl Tetrahydrofuran Market Insights and Forecast to 2028

2-Methyl Tetrahydrofuran, also known as tetrahydro-2-methyl furan, is used as a solvent for resins, natural rubber, ethyl cellulose, and chloroacetic acid-vinyl acetate copolymers.It is also the raw material of pharmaceutical industry and can be used in the synthesis of hemorrhoid drug primaquine phosphate.2-Methyltetrahydrofuran is an organic compound with the molecular formula CH3C4H7O. It is a highly flammable mobile liquid. It is mainly used as a replacement for THF in specialized applications for its better performance.
Market Analysis and Insights: Global 2-Methyl Tetrahydrofuran Market
Due to the COVID-19 pandemic, the global 2-Methyl Tetrahydrofuran market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Purity Over 98% accounting for % of the 2-Methyl Tetrahydrofuran global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Chemical segment is altered to an % CAGR throughout this forecast period.
China 2-Methyl Tetrahydrofuran market size is valued at US$ million in 2021, while the US and Europe 2-Methyl Tetrahydrofuran are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe 2-Methyl Tetrahydrofuran landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of 2-Methyl Tetrahydrofuran include Ashland, BASF, Avantium, Mitsubishi Chemical, DynaChem, Corbion NV, Penn A Kem LLC Company, Nova Molecular Technologies and Hongye Chemical, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the 2-Methyl Tetrahydrofuran capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of 2-Methyl Tetrahydrofuran by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global 2-Methyl Tetrahydrofuran Scope and Segment
2-Methyl Tetrahydrofuran market is segmented by Type and by Application. Players, stakeholders, and other participants in the global 2-Methyl Tetrahydrofuran market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Purity Over 98%
Purity Over 99%
Segment by Application
Chemical
Electronic
Medicine
Oil
Other
By Company
Ashland
BASF
Avantium
Mitsubishi Chemical
DynaChem
Corbion NV
Penn A Kem LLC Company
Nova Molecular Technologies
Hongye Chemical
TCC Chemical Corporation
Sinochem International Corporation
Dairen Chemical Corporation
Saudi International Petrochemical Company
Shanxi Sanwei Group
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

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