Tetrahydrofuran Market Analysis, Region & Country Revenue Share, & Forecast Till 2026

With the increamental usage of tetrahydrofuran in various fields of textiles, fashion, cosmetics, cement, plumbing, packaging, ink, magnetic tape, adhesives, plastics, PVC top coating, PVC film casting, and cellophane coating, etc. coupled with developments of emerging economies are key factors contributing to high CAGR of Tetrahydrofuran market during forecast period.

Tetrahydrofuran Market Size – USD 3.00 Billion in 2018, Market Growth - CAGR of 6.8%, Market Trends – Commercial Applications increase.

According to the current analysis of Reports and Data, the Tetrahydrofuran market was globally valued at USD 3.00 Billion in 2018 and is expected to reach USD 5.11 Billion by the year 2026, at a CAGR of 6.8%. Tetrahydrofuran (THF) is a colorless, volatile, and water-miscible liquid. Tetrahydrofuran is a highly stable compound with a relatively low boiling point and excellent solvency. THF is widely utilized as the reaction and dissolution of many substances as well as feedstock for the synthesis of polytetramethylene ether glycol (PTMEG). The tetrahydrofuran is the saturated derivative of furan. Tetrahydrofuran works as an excellent solvent for higher molecular compounds like polyvinyl chloride, and other copolymers at ambient temperature. The tetrahydrofuran, in combination with methyl-ethyl-ketone helps to increase the solvancy of various polymer compunds.

Key participants include – BASF SE, Dairen Chemical Corporation, INVISTA, Mitsubishi Chemical Holdings Corporation, LyondellBasell Industries N.V., Saudi International Petrochemical Company, Penn A Kem LLC, Ashland Global Specialty Chemicals Inc., Nova Molecular Technologies, and BioAmber Inc.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/tetrahydrofuran-thf-market