Press release
Tetrahydrofuran (THF) Market Size Worth $8.2 Billion by 2031 | CAGR: 7.6%: AMR
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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.
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.
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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 is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is estimated to portray the highest CAGR of 8.0% during the forecast period. Moreover, the region held the largest share in 2021, contributing to more than half of the market.
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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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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