Market Overview:
Tetrahydrofuran
is a highly volatile organic solvent used as a raw material for various
syntheses such as for the formulation of ether chemicals with high molecular
mass by polymerization. It is derived from dehydrating BDO, which can be
produced using various processes including reppe, furfural, butadiene, and davy
process. It finds application in resin and reaction solvents and
polytetramethylene ether glycol (PTMEG). It is widely used in the production of
spandex fibres and polyurethane elastomers. It is also used as a solvent due to
a strong dissolving agent of synthetic and natural resins such as
polyvinylchloride & vinylidene chloride copolymers.
Tetrahydrofuran
is widely used in the formulation of organic substances. It can be synthesized
through four chemical processes such as reppe, furfural, butadiene, davy, and
others. The product is significantly used as a precursor in the manufacturing
of polytetramythelene ether glycol and is also used as a different type of
solvents such as reaction, resin, and chromatographic solvents. It is widely
used in the manufacturing of spandex and polyurethane elastomers. Spandex is
used in the manufacturing of sportswear due to its high elastic property,
casual wear, and home furnishing.
Key Player:
·
BASF Corporation
·
Dairen Chemical Corporation
·
Merck KGaA
·
Technical Chemical Compan
·
Mitsubishi Chemical Corporation
·
Ashland
·
INVISTA
·
BioAmber Inc
·
LyondellBase
·
Credence Chem Private Limited
Industry/ Innovation/ Related News:
January, 2018 - BASF Corporation closed its THF and
butanediol plant in North America post two events that happened at Geismar,
Louisiana, manufacturing facility.
October, 2017– INVISTA, a leading integrated producer of
chemical intermediates, polymers, and fibers, signed aggrement to sell its
apparel and advanced textiles business to Shandong Ruyi Investment Holding.
INVISTA will retain intellectual property rights for 1.4 butanediol (BDO),
tetrahydrofuran (THF), and polytetramethylene ether glycol (PTMEG)
technologies.
August, 2017– Ashland has stopped production of 1.4
butanediol and tetrahydrofuran (THF) in Europe after the fire incidence took
place at its manufacturing facility at Marl, Germany.
Competitive Analysis:
Tetrahydrofuran is at the growth stage and is
expanding rapidly across the globe especially in the Asia pacific region owing
to the expanding textile industry. Some of the growing trends noticed among the
market players are acquisition. However, some market players have stopped
production of THF and butanediol as a result of fire incidences happened at
their manufacturing plants. For instance, BASF SE is expanding its
manufacturing capacity of the Tetrahydrofuran under the brand name Cellasto in
Gujarat. This is with respect to the growing demand for the product from the
automotive industry coupled with increasing spending on the vehicles by the
middle-income group in India.
Regional Analysis
Asia Pacific
region is witnessing a significant growth for tetrahydrofuran due to its
extensive use in the major end-use industries in this region such as textile
and apparel industry; it is one of the fastest growing industries in India and
China. Growing penetration of organized retailers and increasing sales and trading
through e-commerce mode is propelling the growth of the regional market.
Furthermore, the demand for the product from paints and coatings industry is
increasing due to growing demand from the residential and commercial building
construction and automotive industry in this region, especially in India,
China, South Korea, and Thailand.
North America
and Europe regions are expected to witness a sluggish growth during the
assessment period owing to the stringent government regulations in place to
limit the production of tetrahydrofuran, which harms the health and
environment.
Browse key industry insights
spread across 100 pages with data tables and figures of the report “Tetrahydrofuran Industry information: by
Manufacturing Process (reppe, furfural, butadiene, davy and others),
Application (polytetramethylene ether glycol, solvents, and others), and Global
Region” in
detail along with the table of contents@ https://www.marketresearchfuture.com/reports/tetrahydrofuran-market-5804
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