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Tetrahydrofuran Market by Application, Technology And Region - Global Forecast to 2022

Tetrahydrofuran Market: Global Forecast until 2022

  • March 2018
  • 102 pages
  • ID: 5370331
In this report:
According to National Council of Textile Organizations (NCTO), the shipments for the US textiles and apparel were USD ##.## billion in 2016, with an approximate increase of ##%, since 2009.
The sportswear apparel market is projected to witness a growth rate of ##.##%, in terms of value, and the sports footwear market is expected to witness a growth rate of ##.##% during the forecast period.

Summary

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The Tetrahydrofuran market is estimated to rise at a compound annual growth rate of 6.90 percent, in terms of value importance between 2017 and 2022.

The THF market is forecasted to grow from ~$3.0B in 2017 to ~$4.1B by 2022, at a compound annual growth rate of 6.90 percent between 2017 and 2022. The growing demand for spandex fibers and polyurethane across the world is driving the rise of the THF market. The hazardous impact of tetrahydrofuran on human and animal health and its high manufacturing costs are the factors restraining the increase of the THF market across the world.

Among technologies, the butadiene process segment of the THF market is expected to rise at the maximal CAGR, in terms of capacity during the estimate period.

The butadiene process segment of the THF market is presumed to grow at the maximal CAGR (Compound annual growth rate), in terms of quantity between 2017 and 2022.The rise of this segment of the industry can be accredited to the low cost of raw materials and easy availability of butadiene.

Additionally, the Reppe process is the most widely used technology for manufacturing tetrahydrofuran, according to its low cost and less number of steps engaged in it. The efficiency of the Reppe process technology in manufacturing 1,4-Butanediol is high.

Among applications, the Polytetramethylene Ether Glycol segment of the THF market is expected to increase at the maximal compound annual growth rate (CAGR), in terms of capacity during the outlook period.

Among applications, the PTMEG segment is forecasted to dominate the THF market between 2017 and 2022, in terms of quantity.The increase of this segment of the sector can be connected to the increased investments being made by the key competitors for the increased production of spandex across the world.

The high rise of the textile sector across the globe due to increased demand for sportswear is primarily responsible for the increased demand for spandex. This, in turn, is predicted to push the increase of the THF market across the world.

The Asia Pacific THF market is expected to rise at the highest CAGR (Compound annual growth rate), in terms of capacity during the estimate period.

The Asia Pacific THF market is expected to grow at the highest compound annual growth rate (CAGR), in terms of quantity during the outlook period.The rise of the Asia Pacific THF market can be accredited to the raised demand for tetrahydrofuran in PTMEG, solvents, and chemical intermediate applications.

The high increase of the manufacturing market in the Asia Pacific region due to increasing industrialization has fueled the market demand for tetrahydrofuran in the chemical, textile, packaging, automotive, and consumer goods sectors.Tetrahydrofuran is used as a solvent in adhesives, paints, coatings, pharmaceuticals, inks, and cosmetics.

Therefore, the increased consumption of tetrahydrofuran in these markets of the area is forecast to fuel the rise of the Asia Pacific THF market during the estimate period. Equivalently, rising investments by main chemical actors in the chemical industry of the Asia Pacific area are also driving the industry demand for tetrahydrofuran from the territory.

This analysis on the THF market has been approved through primaries managed with different market experts, global. The primary sources have been sliced into three class established on company category, description, and area.

• By Company Size- Tier 1 - 70.0 percent, Tier 2 -20.0 percent, and Tier 3 - 10.0 percent

• By Description - C-suite - 5.0 percent, D-level - 20.0 percent, and Others - 75.0 percent

• By Area - Asia Pacific (APAC) - 45.0 percent, Europe (EU) - 35.0 percent, North America continent - 5.0 percent, and rest of the world - 15.0 percent

Companies Profiled in the Report:

The top players decribed in the market research contain BASF, Dairen Chemical, Ashland, INVISTA, Mitsubishi Chemical, LyondellBasell, Sipchem, Penn A Kem, Nova Molecular Technologies, and BioAmber, among others.

Segment Research

The industry report affords business insights on the use of tetrahydrofuran in a number of applications in several end-use sectors across different areas.It aims at evaluating the size of the THF market during the outlook period and projects future increase potential of the market established on technology, application, and area.

Moreover, the study also comprises a detailed competitive analysis of the top players in the THF market, together with their company descriptions, SWOT study, recent evolutions undertaken by them, and top increase strategies approved by them.

Main highlights

The analysis is expected to benefit industry top players/new sector entrants in the THF market by providing them the closest approximations of the revenues for the global market and its different subsegments.This industry report is expected to benefit partners obtain an improved understanding of the competitive landscape of the THF market and gain insights to improve their businesses and devise suitable increase strategies.

The market research also aims at helping the partners comprehend the pulse of the sector and help them acquire info on key market drivers, market restraints, opportunities, and alternatives impacting the increase of the THF market.

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