COVID-19 Outbreak on Tetrahydrofuran Market Forecast | Market Synopsis & Forecast – 2030

 Market Research Future (MRFR) announces a new release on the global tetrahydrofuran market. The global tetrahydrofuran market is profiled in detail in the report, which presents comprehensive coverage of the major drivers and restraints affecting the global market as well as the leading players and key segments within the market.

This study estimates the size of the Tetrahydrofuran market for 2017 and projects its growth by 2022. It provides a detailed qualitative and quantitative analysis of the Tetrahydrofuran market. Secondary sources such as Hoovers, Bloomberg Businessweek, and Factiva, among others have been used to identify and collect information useful for this extensive and commercial study of the Tetrahydrofuran market. Primary sources such as experts from the related industries and suppliers of tetrahydrofuran have been interviewed to obtain and verify critical information and assess the future prospects of the Tetrahydrofuran market. Access Report Details

@ https://www.marketresearchfuture.com/reports/tetrahydrofuran-market-5804

Competitive Analysis:

Leading players in the global tetrahydrofuran market include BASF SE, Merck KGaA, Mitsubishi Chemical Corporation, Invista, LyondellBasell, Credence Chem Private Limited, BioAmber Inc., Ashland, Technical Chemical Company, and Dairen Chemical Corporation.

Tetrahydrofuran is also used to produce solvents used in printing inks, paints, and coatings, which is also likely to be a major driver for the global tetrahydrofuran market over the forecast period. The growing packaging industry, which has been driven by the steady growth prospects of ecommerce in emerging regions, has driven the demand for printing inks, whereas the paints and coatings industry has been driven by the increasing industrial production in countries such as China and India, which has driven the demand for coatings at a solid growth rate over the last few years. The growing automotive and construction industries in Asia Pacific are also likely to lead to growth of the tetrahydrofuran market over the forecast period, as the demand for paints and coatings is likely to be high from these industries over the forecast period.

Segmentation:

Tetrahydrofuran Market, by Technology:

• Reppe Process
• Davy Process
• Propylene Oxide
• Butadiene Process

Tetrahydrofuran Market, by Application:

• Polytetramethylene Ether Glycol (PTMEG)
• Solvents
• Others

Tetrahydrofuran Market, by Region:

• Asia Pacific
• Europe
• North America
• Rest of the World (RoW)

• Polytetramethylene Ether Glycol (PTMEG)
• Solvents
• Others

Regional Analysis:

The global tetrahydrofuran market is segmented into North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.

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North America is likely to dominate the global tetrahydrofuran market over the forecast period due to the growing textile industry and the growing demand for artificial leather. The growing presence of the animal rights movement in North America is also conducive to rapid growth of the tetrahydrofuran market in the region, as the demand for artificial leather is likely to be impacted significantly by the political power and popular impact of the animal rights lobby. Growing demand from the pharmaceutical industry is also likely to be a major driver for the tetrahydrofuran market in North America over the forecast period, as the growing geriatric population in the region and the growing healthcare expenditure have driven the demand for solvents in the pharmaceuticals industry.

Asia Pacific is likely to exhibit rapid growth in the global tetrahydrofuran market over the forecast period due to the strong growth prospects of the textiles industry in populous countries such as India and China. Growing demand for leather goods, which represent Western prosperity, is likely to drive the tetrahydrofuran market in Asia Pacific over the forecast period.

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