India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market By Purity (Industrial Class (5 wt. %), Common Class (8 wt. %), Electric Capacitance Class (9 wt. %)), By Process (Acetylene-Based Process, Butadiene-Based Process, Maleic Anhydride-Based Process, Propylene Oxide-Based Process), By Application (THF (Tetrahydrofuran), POLY THF, GBL (Gamma Butyrolactone), Market Trends and Forecast to 2027
Market Analysis and Insights: India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market
India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 7.9% in the forecast period of 2020 to 2027 and expected to reach USD 809.90 Million by 2027. Increasing application of THF and GBL in co-polyester-ether elastomers is driving factor for the market growth.
THF and GBL are the colourless chemical compounds that are miscible in water and acts as a solvent in the production of various products. GBL chemical used in the pharmaceutical industry in the manufacturing of the medicines. THF which is a solvent used of synthetic and natural resins also acts as a solvent in production of spandex fibres, PVC etc. Increasing demand of chemicals in the production processes enhances the use of THF and GBL in the market as it increases the efficiency in the production of various products to meet its increasing demand.
This India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market is provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Scope and Market Size
India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) market is segmented on the basis of purity, process and application. The growth among segments helps you to analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of purity, the market is segmented into industrial class (5 wt. %), common class (8 wt. %), electric capacitance class (9 wt. %). In 2020, industrial class (5 wt. %), is dominating the market due to the highly usage in the chemical manufacturing processes.
- On the basis of process, the market is segmented into acetylene-based process, butadiene-based process, maleic anhydride-based process, propylene oxide-based process. In 2020 acetylene-based process is dominating the market as they can have high applications in the formation of plasticizers and chemicals.
- On the basis of application, the market is segmented into THF (tetrahydrofuran), Poly THF, GBL (gamma butyrolactone). In India, Poly THF is dominating the market due to its low level of toxicity as compare to other solvents.
India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Country Level Analysis
India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market is analysed and market size information is provided by purity, by process, by application as referenced above.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries.
Development of THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market by the Usage of Bio-Succinic Acid Technology
India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) market also provides you with detailed market analysis for country growth in THF and GBL industry with THF and GBL sales, components sales, impact of technological development in THF and GBL and changes in regulatory scenarios with their support for the THF (tetrahydrofuran) and GBL (gamma butyrolactone) market. The data is available for historic period 2010 to 2018.
Competitive Landscape and India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market Share Analysis
India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) market.
The major players covered in the report are TORAY INDUSTRIES INC, Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., Merck KGaA, BASF SE, Sipchem, Toray Industries Inc., Standard Reagents Pvt. Ltd., Pennakem, LLC, Dairen Chemical Corporation, Ashland and many others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) market.
- In July 2016, BASF SE entered into a joint venture with the market in order to set up a plant in Shanghai, China. Polytetrahydrofuran production major aim to set up plant which help the company in entering into THF (Tetrahydrofuran) market.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) through expanded applications.
Customization Available : India THF (Tetrahydrofuran) and GBL (Gamma Butyrolactone) Market
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