Tetrahydrofuran (THF) Market Growth by Manufacturers, Regions, Product Types, Major Application Analysis and Forecast to 2026 | BASF SE, Dairen Chemical Corporation, INVISTA, Mitsubishi Chemical Holdings Corporation

The Tetrahydrofuran market was globally valued at USD 3.00 Billion in 2018 and is expected to reach USD 5.11 Billion by the year 2026, at a CAGR of 6.8%. Tetrahydrofuran (THF) is a chemical intermediate that is used in the manufacturing of polymers, pharmaceuticals, textile, agricultural, and chemicals. It is highly flammable, and any exposure of tetrahydrofuran with strong oxidizing agents may cause an explosion. Tetrahydrofuran is an industrial solvent recognized for its unique combination of useful properties. By properties, the Tetrahydrofuran is colorless, has low viscosity, water-miscible, heterocyclic compound.

The report focuses on the important geographies of sale of the Tetrahydrofuran (THF) (SFC) such as North America, Europe and Asia-Pacific, South America, Middle East and Africa. The entire Tetrahydrofuran (THF) (SFC) market has been categorized into three segments in this report, namely- manufacturers, regions, type and application.   

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The report includes the latest coverage of the impact of COVID-19 on the Tetrahydrofuran (THF) industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.

Companies considered and profiled in this market study:

BASF SE, Dairen Chemical Corporation, INVISTA, Mitsubishi Chemical Holdings Corporation, LyondellBasell Industries N.V., Saudi International Petrochemical Company, Penn A Kem LLC, Ashland Global Specialty Chemicals Inc., Nova Molecular Technologies, and BioAmber Inc. 

For the purpose of this report, Reports and Data has segmented the Tetrahydrofuran (THF) market on the basis of type, source, animal, application, and region:           

Process Type (Revenue in USD Million; Volume in Tons, 2016–2026)

Acetylene-based Process
Butadiene-based Process
Maleic Anhydride-based Process
Propylene-Based Process via Allyl Alcohol
Propylene Oxide-based Process

Application (Revenue in USD Million; Volume in Tons, 2016–2026)

Polytetramethylene Ether Glycol (PTMEG)
Solvent applications
Other Applications

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End-Use (Revenue in USD Million; Volume in Tons, 2016–2026)

Polymer
PVC
Pharmaceutical
Sealants & Adhesives
Others

Regional Outlook (Revenue in USD Million; 2016–2026)

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

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Objectives of the study:

Our panel of expert analysts specializing in the value chain has conducted an exhaustive, industry-wide study to offer readers accurate insights into the future of the Tetrahydrofuran (THF) market and give key market players authentic information derived via both primary and secondary sources of data collection. Additionally, the report also comprises of inputs from our consultants, which can help companies make the most of the available market opportunities. It also offers a detailed breakdown of the sales of Tetrahydrofuran (THF) and the factors that could potentially influence the growth of the industry. The information provided in this report will be able to help readers capitalize on the available growth prospects.

Market-O-Nomics:

-As of 2018, Butadiene-based Process is the leading process segment of the global Tetrahydrofuran market and is expected to register highest CAGR among Tetrahydrofuran.

-The polymer end-use segment was valued at 976.2 million in 2018 and is expected to grow at the most considerable rate of 7.1%. Increasing demand of the textile industry is the primary factor contributing to the market growth of this product segment.

-The Market for PVC end-use segment is expected to reach USD 1.03 billion by the year 2026, growing at a CAGR of 6.8% during the forecast period.

-The Pharmaceutical end-use segment is expected to register a CAGR of 6.7% during 2019-2026.

-The Acetylene based process segment is expected to register second-highest CAGR amongst the Process type at 6.9%.

-The Market for Other application segment was valued at USD 399.5 Million and is expected to reach USD 666.99 Million by 2026 at a CAGR of 6.6%.

-Asia-Pacific regional segment of the Tetrahydrofuran market is expected to remain the highest growing segment during 2019-2026, at a CAGR of 7.0%; nearly half of the tetrahydrofuran based product industries are in China, and therefore the growth potential is high in Asia-Pacific.

The insights that are offered by this report of the Tetrahydrofuran (THF) market are:

– Detailed Overview of Global Tetrahydrofuran (THF) market helps deliver clients and businesses making strategies.

– Influential factors driving demand and constraints in the market.

– What is market concentration? Is it fragmented or highly concentrated?

– What trends, challenges, and barriers will impact the development and sizing of the Tetrahydrofuran (THF) market?

– SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.

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