Global 2-Methyl Tetrahydrofuran Market Research Report 2022
2-Methyl Tetrahydrofuran, also known as tetrahydro-2-methyl furan, is used as a solvent for resins, natural rubber, ethyl cellulose, and chloroacetic acid-vinyl acetate copolymers.It is also the raw material of pharmaceutical industry and can be used in the synthesis of hemorrhoid drug primaquine phosphate.2-Methyltetrahydrofuran is an organic compound with the molecular formula CH3C4H7O. It is a highly flammable mobile liquid. It is mainly used as a replacement for THF in specialized applications for its better performance.
Market Analysis and Insights: Global 2-Methyl Tetrahydrofuran Market
Due to the COVID-19 pandemic, the global 2-Methyl Tetrahydrofuran market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Purity Over 98% accounting for % of the 2-Methyl Tetrahydrofuran global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Chemical segment is altered to an % CAGR throughout this forecast period.
North America 2-Methyl Tetrahydrofuran market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of 2-Methyl Tetrahydrofuran include Ashland, BASF, Avantium, Mitsubishi Chemical, DynaChem, Corbion NV, Penn A Kem LLC Company, Nova Molecular Technologies and Hongye Chemical, etc. In terms of revenue, the global 3 largest players have a % market share of 2-Methyl Tetrahydrofuran in 2021.
Global 2-Methyl Tetrahydrofuran Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global 2-Methyl Tetrahydrofuran Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Purity Over 98%
Purity Over 99%
Segment by Application
Chemical
Electronic
Medicine
Oil
Other
By Company
Ashland
BASF
Avantium
Mitsubishi Chemical
DynaChem
Corbion NV
Penn A Kem LLC Company
Nova Molecular Technologies
Hongye Chemical
TCC Chemical Corporation
Sinochem International Corporation
Dairen Chemical Corporation
Saudi International Petrochemical Company
Shanxi Sanwei Group
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Market Analysis and Insights: Global 2-Methyl Tetrahydrofuran Market
Due to the COVID-19 pandemic, the global 2-Methyl Tetrahydrofuran market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Purity Over 98% accounting for % of the 2-Methyl Tetrahydrofuran global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Chemical segment is altered to an % CAGR throughout this forecast period.
North America 2-Methyl Tetrahydrofuran market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of 2-Methyl Tetrahydrofuran include Ashland, BASF, Avantium, Mitsubishi Chemical, DynaChem, Corbion NV, Penn A Kem LLC Company, Nova Molecular Technologies and Hongye Chemical, etc. In terms of revenue, the global 3 largest players have a % market share of 2-Methyl Tetrahydrofuran in 2021.
Global 2-Methyl Tetrahydrofuran Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global 2-Methyl Tetrahydrofuran Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Purity Over 98%
Purity Over 99%
Segment by Application
Chemical
Electronic
Medicine
Oil
Other
By Company
Ashland
BASF
Avantium
Mitsubishi Chemical
DynaChem
Corbion NV
Penn A Kem LLC Company
Nova Molecular Technologies
Hongye Chemical
TCC Chemical Corporation
Sinochem International Corporation
Dairen Chemical Corporation
Saudi International Petrochemical Company
Shanxi Sanwei Group
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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