BASF SE, Mitsubishi Chemical Corporation, Merck KGaA are dominating the market for India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market in 2019

India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market is expected to grow with the CAGR of 7.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market are introducing strong range of product portfolio. In July, BASF SE  did a joint venture with Marker in order to set a plant in Shanghai, that leads to the production of polytetrahydrofuran and helps the company in entering the THF market.

BASF SE is the dominating player in India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) market. The other key players existing in the market includes Toray Industries INC, Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., MERCK KGaA, Sipchem, Toray Industries Inc., Standard Reagents Pvt. Ltd., Pennakem, LLC, Dairen Chemical Corporation, and Ashland.

BASF SE

BASF SE headquartered in Ludwigshafen, Germany which was founded in 1865. The company manufactures chemicals, plastics, performance products, and crop protection products, oil and gas for different industries. The company performs its business through segments such as functional material and solutions, chemicals, performance products, agricultural solutions and others among which chemicals is market focused segment.

For instance,

  • In July 2016, BASF SE company joint ventured with Markor to set up a plant in Shanghai, China that helps them to enter THF (Tetrahydrofuran) market.

The company has wide global presence across the globe such Americas, Asia-Pacific, Middle East and Africa and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as BASF Coatings (Germany), Wintershall (Germany), BASF Japan (Japan), Engelhard (U.S.), PCI Augsburg GmbH (Germany), Cognis (Germany) among others.

India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market

Mitsubishi Chemical Corporation

Mitsubishi Chemical Corporation is headquartered in Tokyo, Japan which was founded in 1994. The company is engaged in the manufacturing of performance products, industrial materials among others. In November, Mitsubishi Chemical Corporation acquired U.S. based thermoplastic polyurethane elastomer business of AdvanSource Biomaterial with the aim to expand the polymers business all over the world.

For instance,

  • In November 2019, Mitsubishi Chemical Corporation acquired U.S. based Thermoplastic Polyurethane Elastomer business of AdvanSource Biomaterials in order to expand the polymers business all over the world by mergers and acquisitions.

The company has wide global presence America, Europe, India, Hong Kong. In addition to it, the company also generates its revenue from the various subsidiary companies such as Nippon Kasei Chemical Co Ltd (Tokyo), Nippon Synthetic Chemical Industry Co Ltd (Japan), Japan Polychem Corporation (Japan), SHINRYO CORPORATION (Tokyo), Mitsubishi Engineering-Plastics Corporation (Tokyo)

Merck KGaA

Merck KGaA has headquartered in Darmstadt, Germany and it was established in year 1668. The company is engaged manufacturing of life science, health care, performance materials on a wider range. The company performs its business through segments such life science, health care, performance materials and others among which performance material is market focused segment.

The company has presence in North America, South America, Europe, Middle East & Africa, Asia-Pacific In addition to it, the company also generates its revenue from the various subsidiary companies such as Sigma-Aldrich (U.S.), MilliporeSigma (U.S.), VERSUM MATERIALS (U.S.), Allergopharma GmbH & Co. KG (Germany) , Merck (Pvt) Ltd., (Germany), InterMolecular ( U.S.).