GlobalTetrahydrofuran (THF) Market is expected to reach USD XX Billion by 2026from USD 2.97 Billion in 2019 at a CAGR of XX %.
The report includes the analysis ofimpact of COVID-19 lock-down on the revenue of market leaders, followers, anddisrupters. Since lock down was implemented differently in different regionsand countries, impact of same is also different by regions and segments. Thereport has covered the current short term and long term impact on the market,same will help decision makers to prepare the outline for short term and longterm strategies for companies by region.
Global Tetrahydrofuran (THF) Market
Escalating demand for spandexfibers and polyurethane across the world is driving the growth of thetetrahydrofuran market. Tetrahydrofuran is said to cause eye irritation, skinproblems, nausea, dizziness, etc. under conditions of prolonged exposure andsubstitute for tetrahydrofuran, called 2-methyl tetrahydrofuran (2-MeTHF), isbeing used in industries as well which in turn restraining the tetrahydrofuranmarket.
Tetrahydrofuran market based ontechnology has been segmented into Reppe process, propylene oxide process, Davyprocess and butadiene process. High production efficiency of Reppe process andsafety allied with this process has led this segment as leading technologysegment.
Tetrahydrofuran based onapplication has been segmented into polytetramethylene ether glycol (PTMEG),solvents and others. PTMEG application segment is expected to grow at a highCAGR during the forecast period attributed to the extensive use of PTMEG in theproduction of polyurethane and spandex.
Geographically, the tetrahydrofuranmarket has been segmented into North America, Europe, Asia Pacific, Middle East& Africa and Latin America. Asia Pacific is expected to be one of thelargest markets for tetrahydrofuran during the forecast period. Packaging,automotive, flourishing textile and chemical industries has uplifted the AsiaPacific growth market.
Global Tetrahydrofuran (THF)Market, by Technology:
• Reppe Process
• Propylene Oxide
• Davy Process
• Butadiene Process
GlobalTetrahydrofuran (THF) Market, by Application:
• Polytetramethylene Ether Glycol(PTMEG)
• Solvents
• Others
Market, by Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Profiled in the Report:
• BASF (Germany)
• Ashland (US)
• Dairen Chemical (Taiwan)
• INVISTA (US)
• LyondellBasell (the Netherlands)
• Mitsubishi Chemical (Japan)
• Sipchem (Saudi Arabia)
• Nova Molecular Technologies (US)
• Penn A Kem (US)
• BioAmber (US)
• Sinochem Qingdao (China)
• Tcc Chemical (US)
• Bluestar New Chemical Materials(China)
• Shanxi Sanwei (China)
• Nan Ya Plastics (Taiwan)
• Banner Chemicals Limited
• BASF SE
• BHAGWATI CHEMICALS
• DCC
• Hefei TNJ Chemical IndustryCo.,Ltd.
• Henan GP Chemicals Co.,Ltd
• Mitsubishi Chemical Corporation
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