Tetrahydrofuran Market 2018: Overview, Top Key Players, Growth and Analysis by Forecast 2023

14/mag/2018 10:48:22 Market Research Future Contatta l'autore

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Market Overview

Tetrahydrofuran is widely used in the formulation of organic substances. It can be synthesized through four chemical processes such as reppe, furfural, butadiene, davy, and others. The product is used as a precursor in the manufacturing of polytetramythelene ether glycol and is also used as a different type of solvents such as reaction, resin, and chromatographic solvents. It is widely used in the manufacturing of spandex and polyurethane elastomers. Spandex is used in the manufacturing of two sportswear, casual wear, and home furnishing. Towards the sports industry. Escalating demand from automobile industry for rigid insulation lanes is driving the market for polyurethane elastomers. The use of building and construction industry two to abrasion resistance is fueling the polyurethane demand. Additionally, polyurethane is more used in furniture manufacturing, and packaging industry is owing to greater strength, high durability and excellent comfort. Moreover, it is used as a chemical reagent in pharmaceutical synthesis, which may fuel the demand for the product from the pharmaceuticals industry. Tetrahydrofuran, reppe is most widely used to increase efficiency and increase cost-effectiveness of this process. high durability and excellent comfort. Moreover, it is used as a chemical reagent in pharmaceutical synthesis, which may fuel the demand for the product from the pharmaceuticals industry. Tetrahydrofuran, reppe is most widely used to increase efficiency and increase cost-effectiveness of this process. high durability and excellent comfort. Moreover, it is used as a chemical reagent in pharmaceutical synthesis, which may fuel the demand for the product from the pharmaceuticals industry. Tetrahydrofuran, reppe is most widely used to increase efficiency and increase cost-effectiveness of this process.

Competitive Analysis

Some of the key players in the Global Tetrahydrofuran Market are BASF Corporation (USA), Dairen Chemical Corporation (Taiwan), Merck KGaA (Germany), Technical Chemical Company (US), Mitsubishi Chemical Corporation (Japan), Ashland (US), INVISTA (US), BioAmber Inc. (US), LyondellBase (Netherlands), Credence Chem Private Limited (India).

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Market Segmentation

The Global Tetrahydrofuran Market is segmented on the basis of application and region.

On the Basis of the Application , the Global Tetrahydrofuran Market is categorized into polytetramethylene ether glycol, solvents, and others.

Based on the Production Process , the market is segregated as reppe, furfural, butadiene, davy, and others.

Geographically , the Global Tetrahydrofuran Market is spanned across five regions, Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

Asia Pacific region is witnessing a significant growth for Tetrahydrofuran, two to its extensive use in the major end-use industries in this region such as textile and apparel industry; it is one of the fastest growing industries in India and China. Growing penetration of organized retailers and increasing sales and trading through e-commerce mode is propelling the growth of the regional market. The demand for the construction and automotive industry in this region, especially in India, China, South Korea, and Thailand.

North America and the European Union are expected to witness a sluggish growth during the assessment period owing to the stringent government in place to limit the production of Tetrahydrofuran, which harms the health and environment.

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