Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market (2025-2031) | Share, Competitive Landscape, Industry, Segmentation, Analysis, Companies, Outlook, Trends, Size & Revenue, Growth, Value, Forecast
Market Forecast By Purity (Industrial Class (5 wt. %), Common Class (8 wt. %), Electric Capacitance Class (9 wt. %), Others), By Process (Acetylene-Based Process, Butadiene-Based Process, Maleic Anhydride-Based Process, Propylene Oxide-Based Process), By Application (THF (Tetrahydrofuran), POLY THF, GBL (Gamma Butyrolactone)) And Competitive Landscape
| Product Code: ETC7922899 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia Thf (Tetrahydrofuran) and Gbl (Gamma Butyrolactone) Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Latvia continued to rely heavily on imports of Tetrahydrofuran (THF) and Gamma Butyrolactone (GBL) with the top exporting countries being Germany, Austria, China, Ukraine, and Spain. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market for these chemicals. However, the compound annual growth rate (CAGR) from 2020 to 2024 experienced a significant decline of -23.48%, with a steep drop in growth rate from 2023 to 2024 at -56.58%. This suggests a challenging market environment for THF and GBL import shipments in Latvia.
Key Highlights of the Report:
- Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Outlook
- Market Size of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market, 2024
- Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market, 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Revenues & Volume for the Period 2021- 2031
- Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Trend Evolution
- Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Drivers and Challenges
- Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Price Trends
- Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Porter's Five Forces
- Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Industry Life Cycle
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By Purity for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By Industrial Class (5 wt. %) for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By Common Class (8 wt. %) for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By Electric Capacitance Class (9 wt. %) for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By Others for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By Process for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By Acetylene-Based Process for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By Butadiene-Based Process for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By Maleic Anhydride-Based Process for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By Propylene Oxide-Based Process for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By Application for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By THF (Tetrahydrofuran) for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By POLY THF for the Period 2021- 2031
- Historical Data and Forecast of Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume By GBL (Gamma Butyrolactone) for the Period 2021- 2031
- Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Import Export Trade Statistics
- Market Opportunity Assessment By Purity
- Market Opportunity Assessment By Process
- Market Opportunity Assessment By Application
- Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Top Companies Market Share
- Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Competitive Benchmarking By Technical and Operational Parameters
- Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Company Profiles
- Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market - Industry Life Cycle |
3.4 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market - Porter's Five Forces |
3.5 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume Share, By Purity, 2021 & 2031F |
3.6 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.7 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from the pharmaceutical industry for the production of various drugs utilizing THF and GBL. |
4.2.2 Growth in the polymer industry driving the demand for THF as a solvent and intermediate chemical. |
4.2.3 Favorable government regulations and policies supporting the chemical industry in Latvia. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of THF and GBL. |
4.3.2 Environmental concerns and regulations regarding the disposal and handling of THF and GBL. |
4.3.3 Competition from substitute chemicals affecting the market demand for THF and GBL. |
5 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Trends |
6 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market, By Types |
6.1 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market, By Purity |
6.1.1 Overview and Analysis |
6.1.2 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Purity, 2021- 2031F |
6.1.3 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Industrial Class (5 wt. %), 2021- 2031F |
6.1.4 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Common Class (8 wt. %), 2021- 2031F |
6.1.5 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Electric Capacitance Class (9 wt. %), 2021- 2031F |
6.1.6 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market, By Process |
6.2.1 Overview and Analysis |
6.2.2 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Acetylene-Based Process, 2021- 2031F |
6.2.3 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Butadiene-Based Process, 2021- 2031F |
6.2.4 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Maleic Anhydride-Based Process, 2021- 2031F |
6.2.5 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By Propylene Oxide-Based Process, 2021- 2031F |
6.3 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By THF (Tetrahydrofuran), 2021- 2031F |
6.3.3 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By POLY THF, 2021- 2031F |
6.3.4 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenues & Volume, By GBL (Gamma Butyrolactone), 2021- 2031F |
7 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Import-Export Trade Statistics |
7.1 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Export to Major Countries |
7.2 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Imports from Major Countries |
8 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Key Performance Indicators |
8.1 Research and development investment in new applications of THF and GBL. |
8.2 Adoption rate of THF and GBL in emerging industries. |
8.3 Environmental compliance measures taken by companies producing THF and GBL. |
9 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market - Opportunity Assessment |
9.1 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Opportunity Assessment, By Purity, 2021 & 2031F |
9.2 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Opportunity Assessment, By Process, 2021 & 2031F |
9.3 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market - Competitive Landscape |
10.1 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Revenue Share, By Companies, 2024 |
10.2 Latvia THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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