A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Tetrahydrofuran
Market.
The study, titled “Tetrahydrofuran
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Tetrahydrofuran
Market: Overview
Tetrahydrofuran
(THF) is a general-purpose, highly volatile organic solvent. It is a
colorless, water-miscible, and mobile liquid. THF offers very good
solvent power for numerous organic substances and is used as a
starting material for various syntheses.
At
present, THF is produced by either of two methods: the Reppe process
and the furfural process. The Reppe process is preferred over the
furfural process as the former is completely synthetic, and thus
unlike its counterpart, the availability of raw materials is not
dependent on agricultural conditions.
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In
spite of being used as a starting material for various syntheses, THF
can even be used as a coating agent, adhesive, reaction medium, or
extractant.
The
chemical is highly volatile and flammable, so care must be taken that
it is stored and handled in an environment where atmospheric oxygen
is excluded or limited. Also due to its volatile nature, care must
be taken that the contents are used quickly once the container is
opened, as it is said to have limited shelf life post exposure to the
environment.
Tetrahydrofuran
Market: Market Trends
THF
distilled pure has many applications as a solvent, reaction medium,
or starting product for syntheses. It can be used alone or along with
other solvents in the leather industry as part of coating systems.
The magnetic tapes used in electronic devices such as computers can
be made abrasion resistant by applying a coat of THF.
The
chemical is also used for the production of PVC adhesives as well as
for the fabrication of PVC pipe systems that are used in industrial
processes in heating and cooling systems.
THF
can be used for the production of highly concentrated solutions, due
to its high solvent power.
It
is used on a wide scale in the pharmaceutical industry as a reaction
medium for the synthesis of organometallic compounds.
THF
is said to cause eye irritation, skin problems, nausea, dizziness,
etc. under conditions of prolonged exposure.
Of
late, a substitute for THF, called 2-methyl tetrahydrofuran
(2-MeTHF), is being used in industries as well. The latter is said
to be better than THF in terms of its chemical properties such as its
stability in acidic conditions, less impurities, lower volatility,
higher saturation concentrations, higher reaction yields, etc. This
compound may be a potential restraint in the market for
tetrahydrofuran in the coming days.
Keeping
in mind the present applications of THF as well the development of
its substitute like 2-MeTHF, it can be said that the market may face
a gradual downfall in the near future due to the development of
substitutes having better physical and chemical properties.
Tetrahydrofuran
Market: Region-wise Outlook
THF
is being widely used in Asia Pacific due to the large number of
industries in developing countries like China, Japan, and India.
China is said to be an important market of tetrahydrofuran due to the
establishment of various end-use industries like PVC, coatings,
adhesives, etc.
The
region of North America also has a significant market for THF due to
its use in the petroleum industry, followed by Europe and then Rest
of the World.
Tetrahydrofuran
Market: Key Players
Some
of the key players in the market for THF are Sigma-Aldrich Corp., TCC
Chemical Corporation, Mitsubishi Chemical Corporation, Dairen
Chemical Corporation, Saudi International Petrochemical Company, and
Ashland Inc.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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