© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network Tetrahydrofuran Market share research by applications and regions for : Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  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. Overview of Tetrahydrofuran Market

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  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 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. Continue…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  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. Continue…

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