Tetrahydrofuran Market 2023 Top Prominent Key Players are BASF Corporation, Dairen Chemical Corporation, Merck KGaA, Technical Chemical Company, Mitsubishi Chemical Corporation, Ashland, INVISTA, BioAmber Inc., LyondellBase, and Credence Chem Private Limi

Tetrahydrofuran Market – Market Overview;

Tetrahydrofuran (THF) is a highly volatile organic substance used as raw material for ether formulation by polymerization. It is synthesized by dehydrating butanediol (BDO) using any of the following processes which includes rep, furfural, butadiene, and day process. THF is widely used in the synthesis of other organic substances. The product finds application in resin, solvents, and polytetramethylene ether glycol (PTMEG). Polytetramethylene accounted for the largest market share owing to increasing demand for the skin –tight garments. PTMEG is widely used in the production of spandex fibres and polyurethane elastomers.

Fill the form for an Exclusive Sample of this Report@ https://www.marketresearchfuture.com/sample_request/5804

Asia Pacific accounted for the largest market share in the tetrahydrofuran market as a result of rapidly expanding textile industry in the developing economies such as India and China. Additionally, during 2016-17, total fibre exports of India reached to USD 598 billion. However, rising imports post GST implementation are affecting the growth of textile industry in India. Increasing spending on sportswear by the consumers is driving the market growth in India further.

Industry/ Innovation/ Related News:

January, 2018 - BASF Corporation closed its THF and butanediol plant in North America post two events that happened at Geismar, Louisiana, manufacturing facility.

October, 2017– INVISTA, a leading integrated producer of chemical intermediates, polymers, and fibers, signed aggrement to sell its apparel and advanced textiles business to Shandong Ruyi Investment Holding. INVISTA will retain intellectual property rights for 1.4 butanediol (BDO), tetrahydrofuran (THF), and polytetramethylene ether glycol (PTMEG) technologies.

August, 2017– Ashland has stopped production of 1.4 butanediol and tetrahydrofuran (THF) in Europe after the fire incidence took place at its manufacturing facility at Marl, Germany.

Tetrahydrofuran Market – Competitive Analysis

Tetrahydrofuran is at the growth stage and is expanding rapidly across the globe especially in the Asia pacific region owing to the expanding textile industry. Some of the growing trends noticed among the market players are acquisition. However, some market players have stopped production of THF and butanediol as a result of fire incidences happened at their manufacturing plants. For instance, BASF SE is expanding its manufacturing capacity of the Tetrahydrofuran under the brand name Cellasto in Gujarat. This is with respect to the growing demand for the product from the automotive industry coupled with increasing spending on the vehicles by the middle income group in India.

Access Complete Report @ https://www.marketresearchfuture.com/reports/tetrahydrofuran-market-5804

Key Player:

 BASF Corporation
 Dairen Chemical Corporation
 Merck KGaA
 Technical Chemical Compan
 Mitsubishi Chemical Corporation
 Ashland
 INVISTA
 BioAmber Inc
 LyondellBase
 Credence Chem Private Limited

Key Points from Table of Content:

7. Global Tetrahydrofuran Market By Application
7.1 Introduction
7.2 Polytetramethylene Ether Glycol
7.2.1 Market Estimates & Forecast, 2016-2023
7.2.2 Market Estimates & Forecast By Region, 2016-2023
7.3 Solvents
7.3.1 Market Estimates & Forecast, 2016-2023
7.3.2 Market Estimates & Forecast By Region, 2016-2023
7.4 Others
7.4.1 Market Estimates & Forecast, 2016-2023
7.4.2 Market Estimates & Forecast By Region, 2016-2023

Ask Query@ https://www.marketresearchfuture.com/enquiry/5804

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.