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Tetrahydrofuran (THF) Market Revenue, Major Players, Consumer Trends, Analysis & Forecast Till 2028

According to the current analysis of Reports and Data, the Tetrahydrofuran market was globally valued at USD 3,490.8 Million in 2020 and is expected to reach USD 5,760.0 Million by the year 2028, at a CAGR of 6.40%. Tetrahydrofuran (THF) is a colorless, volatile, and water-miscible liquid. Tetrahydrofuran is a highly stable compound with a relatively low boiling point and excellent solvency. THF is widely utilized as the reaction and dissolution of many substances as well as feedstock for the synthesis of polytetramethylene ether glycol (PTMEG). The tetrahydrofuran is the saturated derivative of furan. Tetrahydrofuran works as an excellent solvent for higher molecular compounds like polyvinyl chloride, and other copolymers at ambient temperature. The tetrahydrofuran, in combination with methyl-ethyl-ketone helps to increase the solvancy of various polymer compunds.

The tetrahydrofuran market is enlarging and has a wide variety of applications in PVC top coatings in the automotive industry, polyurethane coatings for fabric finishes. Tetrahydrofuran is an excellent solvent of inks used for printing on PVC film. Besides, tetrahydrofuran market has expanded in other market segments like PVC welding components, and other adhesive applications related to leather, and polymers compositions. The tetrahydrofuran market has an extensive presence in chemical industries.

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Further key findings from the report suggest

  • The tetrahydrofuran market is growing at a CAGR of 0% in the Asia Pacific, followed by North America and Europe, with 6.9% and 6.7% CAGR, respectively. Extensive Usage across industries is the key factor to accelerate market growth during the forecast period across all regions
  • As of 2019, the Solvent application is the dominating Tetrahydrofuran market which holds 54.1% of the global market. Asia Pacific market is the chief revenue-generating source for this product segment, followed by North America and Europe regions
  • Polytetramethylene Ether Glycol is expected to be the fastest-growing market segment during the forecast period 2019-2027 with a CAGR of 7.0%. However, a large amount of manufacturing cost is a matter of concern.
  • The Acetylene based process segment is expected to register second-highest CAGR amongst the Process type at 6.9%.
  • The Market for PVC end-use segment is expected to reach USD 1.03 billion by the year 2027, elevating with a CAGR of 6.40% during the forecast period
  • Key participants include – 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.

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Process Type (Revenue in USD Million; Volume in Tons, 2018–2028)

  • 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, 2018–2028)

  • Polytetramethylene ether glycol (PTMEG)
  • Solvent applications
  • Other Applications

End-Use (Revenue in USD Million; Volume in Tons, 2018–2028)

  • Polymer
  • PVC
  • Pharmaceutical
  • Sealants & Adhesives
  • Others

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

The Tetrahydrofuran (THF) market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Tetrahydrofuran (THF) market.

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Frequently Asked Questions Addressed in the Report:

  • What is the estimated market revenue growth over the forecast period?
  • What are the major factors driving the global Tetrahydrofuran (THF) market revenue growth?
  • Which regional market is expected to account for the largest revenue share in the global Tetrahydrofuran (THF) market over the forecast years?
  • Which are the leading players in the global Tetrahydrofuran (THF) market?
  • What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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