| Product Code: ETC6906289 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of THF and GBL in Cyprus continued to be dominated by top exporters such as Germany, UK, Netherlands, Greece, and Belgium in 2024. Despite a significant decline in the CAGR from 2020 to 2024 at -18.88%, the market experienced a steep negative growth rate of -78.35% from 2023 to 2024. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market landscape with potential implications for market dynamics and pricing. Further analysis of these trends can provide valuable insights for stakeholders in the chemicals industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market - Industry Life Cycle |
3.4 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market - Porter's Five Forces |
3.5 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume Share, By Purity, 2021 & 2031F |
3.6 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.7 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for tetrahydrofuran (THF) and gamma butyrolactone (GBL) in pharmaceuticals, particularly for solvents and intermediate applications. |
4.2.2 Growth in the polymer industry, driving the demand for THF as a precursor in the production of polymers like polytetramethylene ether glycol (PTMEG). |
4.2.3 Rising adoption of GBL in various end-use industries such as paints, coatings, and agrochemicals due to its properties as a solvent and intermediate. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of THF and GBL, impacting the overall production cost. |
4.3.2 Stringent regulations and environmental concerns related to the use and disposal of THF and GBL, leading to compliance challenges for manufacturers. |
4.3.3 Competition from alternative solvents and intermediates that offer similar functionalities, affecting the market share of THF and GBL. |
5 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Trends |
6 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market, By Types |
6.1 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market, By Purity |
6.1.1 Overview and Analysis |
6.1.2 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Purity, 2021- 2031F |
6.1.3 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Industrial Class (5 wt. %), 2021- 2031F |
6.1.4 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Common Class (8 wt. %), 2021- 2031F |
6.1.5 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Electric Capacitance Class (9 wt. %), 2021- 2031F |
6.1.6 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market, By Process |
6.2.1 Overview and Analysis |
6.2.2 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Acetylene-Based Process, 2021- 2031F |
6.2.3 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Butadiene-Based Process, 2021- 2031F |
6.2.4 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Maleic Anhydride-Based Process, 2021- 2031F |
6.2.5 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Propylene Oxide-Based Process, 2021- 2031F |
6.3 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By THF (Tetrahydrofuran), 2021- 2031F |
6.3.3 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By POLY THF, 2021- 2031F |
6.3.4 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By GBL (Gamma Butyrolactone), 2021- 2031F |
7 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Import-Export Trade Statistics |
7.1 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Export to Major Countries |
7.2 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Imports from Major Countries |
8 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Key Performance Indicators |
8.1 Capacity utilization rate of THF and GBL production facilities. |
8.2 Research and development investment in enhancing the production processes and applications of THF and GBL. |
8.3 Adoption rate of THF and GBL in emerging industries or sectors. |
9 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market - Opportunity Assessment |
9.1 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Opportunity Assessment, By Purity, 2021 & 2031F |
9.2 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Opportunity Assessment, By Process, 2021 & 2031F |
9.3 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market - Competitive Landscape |
10.1 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenue Share, By Companies, 2024 |
10.2 Cyprus THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |