Global Tetrahydrofuran (THF) Market is expected to reach USD XX Billion by 2026 from USD 2.97 Billion in 2019 at a CAGR of XX %.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report 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 long term strategies for companies by region.
Global Tetrahydrofuran (THF) Market
Escalating demand for spandex fibers and polyurethane across the world is driving the growth of the tetrahydrofuran market. Tetrahydrofuran is said to cause eye irritation, skin problems, nausea, dizziness, etc. under conditions of prolonged exposure and substitute for tetrahydrofuran, called 2-methyl tetrahydrofuran (2-MeTHF), is being used in industries as well which in turn restraining the tetrahydrofuran market.
Tetrahydrofuran market based on technology has been segmented into Reppe process, propylene oxide process, Davy process and butadiene process. High production efficiency of Reppe process and safety allied with this process has led this segment as leading technology segment.
Tetrahydrofuran based on application has been segmented into polytetramethylene ether glycol (PTMEG), solvents and others. PTMEG application segment is expected to grow at a high CAGR during the forecast period attributed to the extensive use of PTMEG in the production of polyurethane and spandex.
Geographically, the tetrahydrofuran market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific is expected to be one of the largest markets for tetrahydrofuran during the forecast period. Packaging, automotive, flourishing textile and chemical industries has uplifted the Asia Pacific growth market.
Tetrahydrofuran Market, by Technology:
• Reppe Process
• Propylene Oxide
• Davy Process
• Butadiene Process
Tetrahydrofuran Market, by Application:
• Polytetramethylene Ether Glycol (PTMEG)
Tetrahydrofuran Market, by Geography:
• North America
• 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)
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