Tetrahydrofuran Market is predicted to grow significantly up to 2025, North America to be major revenue contributor

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 tetrahydrofuran market growth.

Browse complete summary of this research report @ https://www.gminsights.com/industry-analysis/tetrahydrofuran-market

The polytetramethylene ether glycol application segment is driving tetrahydrofuran market as it extensively used in manufacturing clothes such as swimwear, aerobic garments, and athletic wear. Global apparel industry is currently valued at over USD 3 trillion and as is predicted to rise owing to changing trends in apparel industry coupled with growing health awareness among masses which has led to an increase in fitness activities, thereby driving the tetrahydrofuran market growth.

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 tetrahydrofuran market growth. Various key improvements under TSCA act have been adopted to foster environmental conversation by using environmentally friendly method of product manufacturing.

The product is used in polyvinyl chloride production as an industrial solvent and manufacturing of varnishes. PVC market size is likely to surpass USD 70 billion by 2020 on account of its rising demand from end-use industries, urbanization, population, and rise in disposable income of people, which accelerates the tetrahydrofuran market share.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4053

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.

Company profilein the Tetrahydrofuran Market
  • BASF Corporation
  • Mitsubishi Chemical Corporation
  • Dairen Chemical
  • Nan Ya Plastics
  • Ashland
  • Sipchem
  • Nova Molecular Technologies
  • Pennakem
  • BioAmber
  • Bluestar New Chemical Materials

Tetrahydrofuran Market, By Process Technology, 2014-2025 (kilo Tons) (USD Million)

  • Propylene Oxide-Based Process
  • Davy Process
  • Reppe Process
  • Butadiene Process

Get this report Customized to your requirements @ https://www.gminsights.com/roc/4053

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, Application, renewable energy and bio Application.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com