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Tetrahydrofuran (THF) Market Size, Key Players, Growth Driver, Latest Trend and Future Industry Growth Analysis Over 2021-2031
Tetrahydrofuran (THF) Market
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The global tetrahydrofuran (THF) market is segmented on the basis of application, end use, and region. Based on application, the polytetramethylene ether glycol (PTMEG) segment is projected to manifest the highest CAGR of 7.9% during the forecast period. Moreover, the segment held the largest share in 2021, accounting for nearly half of the market.
By end use, the paints and coatings segment dominated the market in 2021 in terms of revenue, contributing to more than one-third of the market. Furthermore, the segment is projected to register the fastest CAGR of 8.1% from 2022 to 2031.
The global tetrahydrofuran (THF) market report includes an in-depth analysis of the major market players such as Ashland Global Holdings Inc., Alfa Aesar, Eastman Chemical Company, BASF SE, HONEYWELL INTERNATIONAL Inc, EMCO Dyestuff, Merck KGaA, LyondellBasell Industries Holdings B.V., Oakwood Products, Inc., MITSUBISHI CHEMICAL HOLDINGS, Solventis, TCI America, Otto Chemie Pvt. Ltd., Toray Industries, Inc., and Univar Solutions Inc.
The report analyzes these key players in the global tetrahydrofuran (THF) market. These players have adopted various strategies such as new product launches, expansion, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of every market player.
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Covid-19 Scenario:
- The THF market has been recovering at a rapid pace due to its dependence on the pharmaceutical sector as solvent for pharmaceutical formulation develop.
- Moreover, the building & construction sector is expected to get back on track due to strong public investment and attractive government policies.
Report key highlighters
- The tetrahydrofuran (THF) market has been analyzed in both value and volume. The value of calcium citrate market is analyzed in millions while the volume is analyzed in kilotons.
- The tetrahydrofuran (THF) market is fragmented by players such as Ashland Global Holdings Inc., Avient, BASF SE, Clariant AG, Corbion N.V., Croda International Plc., DuPont, Eastman chemical company, Evonik Industries, and Merk KGaA holding a significant share of the market.
- Countries such as China, the U.S., Japan, Germany, and Brazil hold a significant share in the global tetrahydrofuran (THF) market, which are analysed in detailed manner in the report.
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