Global Tetrahydrofuran Market: Trends, Size, Shares and Forecasts 2019-2025 - PowerPoint PPT Presentation

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Global Tetrahydrofuran Market: Trends, Size, Shares and Forecasts 2019-2025

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Global tetrahydrofuran market share is significantly competitive and fragmented. BASF, Dairen Chemical, Ashland, Nan Ya Plastics, Nova Molecular Technologies, Mitsubishi Chemical, LyondellBasell – PowerPoint PPT presentation

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Title: Global Tetrahydrofuran Market: Trends, Size, Shares and Forecasts 2019-2025


1
Tetrahydrofuran Market share research by
applications and regions for 2019-2025 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of Tetrahydrofuran Market
  • Asia Pacific tetrahydrofuran market, led by
    India, Japan, and China may witness significant
    growth by the forecasted timeframe on account of
    rising demand from end-segment industries such as
    automobiles, and chemicals. Indian chemical
    industry market size is predicted to reach to USD
    300 billion by 2025 from USD 160 billion in 2018
    on account of rising demand for speciality
    chemicals petrochemical intermediates, which
    would grow product demand.
  • Tetrahydrofuran Market size may witness high
    growth rate from 2019 to 2025 owing to rising
    demand of polyurethane and spandex fibres. It is
    an important intermediate in manufacturing
    thermoplastic polyurethane elastomers (TPU) and
    spandex fibres, it is polymerized to form PTMEG
    which is used as a raw material for spandex
    within the textile industry. Moreover,
    increasing application in automotive,
    construction, and footwear industries, may
    further stimulate the tetrahydrofuran market
    growth.

3
Continue
  • It is an organic heterocyclic compound with a
    molecular formula (CH2)4O. It is a colourless,
    water soluble organic liquid with considerably
    low viscosity, mainly used as a precursor to
    polymers. It is also used for extremely
    abrasion-resistant flexible hoses, cable
    sheathing, and films. In addition, it is used for
    manufacturing polyether amide, thermo-plastic,
    cast polyurethane elastomers, and polyether
    esters, which have proven use for inline skates
    skateboard wheels.
  • Tetrahydrofuran is derived by dehydrating BDO,
    which is produced using several processes
    including furfural, butadiene, reppe, and davy
    process. Reppe process is the most suited
    manufacturing process owing to its high
    manufacturing efficiency and little investment
    costs. Moreover, this process is ideal for mass
    production of tetrahydrofuran as a smaller number
    of steps are involved in the process making it
    time efficient.
  • Tetrahydrofuran is widely used for manufacturing
    polyurethane resins and its wide usage in
    automotive, construction, and electronic industry
    owing to its lightweight properties may drive the
    tetrahydrofuran market growth. Polyurethane
    resins market size was valued at over USD 65.6
    billion in 2018. Stringent environmental
    regulations owing to release of toxic gases on
    burning of fossil fuel may hinder the market
    growth. Various key improvements under TSCA act
    have been adopted to foster environmental
    conversation by using environmentally friendly
    method of product manufacturing.

4

Browse Full Research Report On Tetrahydrofuran
Market _at_ https//bit.ly/2mu06ES Request
for an in-depth table of contents for this report
_at_ https//bit.ly/2lch6Q1 com/request-toc/upcoming
/1797
5
Continue
  • North America tetrahydrofuran market size, led by
    the U.S., Canada, and Mexico is likely to show
    significant growth by forecast timeframe. The
    U.S. fuel oil sales accounted at over 40 and
    automotive fuel oil sales at over 10 in 2017
    owing to rising demand in automotive may drive
    the regional industry growth. Manufacturing of
    various processing aids and solvents in petroleum
    industry in downstream and midstream application
    is likely to spur the industry growth.
  • Europe, led by UK, France, Italy, and Germany
    tetrahydrofuran market share is predicted to rise
    on account of growing prevalence of ready to eat
    food and take-away food. Regional packaging
    market revenue is predicted to increase at around
    4.5 over the forecasted timeframe, attributed to
    growing number of food processing industries and
    flexible packaging, thus augmenting the product
    market.
  • Global tetrahydrofuran market share is
    significantly competitive and fragmented. BASF,
    Dairen Chemical, Ashland, Nan Ya Plastics, Nova
    Molecular Technologies, Mitsubishi Chemical,
    LyondellBasell, Sipchem, Pennakem, and BioAmber
    are some of the manufacturers. Companies are
    adopting strategies of merger acquisition as
    well as agreement partnership to enhance their
    product portfolio.

6
Methodology
  • Market
    research reports Key analytical components

7
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