Tetrahydrofuran: A Global Strategic Business Report
San Jose, CA (Vocus/PRWEB) April 08, 2011
Tetrahydrofuran (THF) is a highly flammable, clear, colorless liquid, used in production of polyurethane stretch fibers, coatings, adhesives, printing inks, magnetic tape and as a reaction solvent. THF ranks among the most crucial ethers. The highly volatile and general-purpose organic solvent, offers outstanding solvent strength for several organic substances.
With the global economy entering its second phase of recovery in 2011, the chemical sector is witnessing replenished demand in various end-use markets. Since the second quarter of 2010, recovery in the sector has followed a sharp V-shape trend, especially in China and East Asia. In developing nations of Latin America, emerging Europe, Africa and the Middle East, and Asia-Pacific, primarily in countries such as India, Brazil and China, rapid growth is expected over the next two years.
Asia-Pacific represents the largest regional market for THF, as stated by the new market research report on Tetrahydrofuran. Surging at an annual growth rate between 10% and 12%, the Asia-Pacific THF market is projected to surpass 400 thousand metric tons by 2015. China remains the major growth engine for THF worldwide, both in terms of demand and production levels. Development of THF market in the country is mainly attributed to the growing demand for spandex fibers that has stimulated the establishment of new PTMEG units.
Among the end-use markets, PTMEG represents both the largest as well as the fastest growing market for tetrahydrofuran. With global demand for green chemicals on the rise, players in the tetrahydrofuran market are increasingly shifting towards greener technologies that also offer sustainable competitive cost benefits. 2-Methyltetrahydrofuran (2MeTHF) produced from furfural process that uses corncobs and sugar cane as feedstock, is currently being popularized as an environment-friendly substitute for petroleum-based tetrahydrofuran.
Global tetrahydrofuran market is a consolidated market dominated by three leading players including BASF, Dairen Chemical Corporation and Invista. Select major players profiled in the report include BASF SE, Dairen Chemical, International Specialty Products, Invista, Mitsubishi Chemical Corporation, Penn A Kem LLC, Saudi International Petrochemical Company, Sinochem International Corporation, among others.
The research report titled “Tetrahydrofuran: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of the key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for Tetrahydrofuran market for the years 2009 through 2017, and 2003 to 2008 by the following geographic markets - US, Japan, Europe, Asia-Pacific, and Rest of World. Key end-use segments analyzed include polytetramethylene ether glycol (PTMEG), and Solvents.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Tetrahydrofuran_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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