Global Bio Based Poly (Tetrahydrofuran) THF1000 Market - Segmented by End User Industry, Application and Region - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4536245
  • Report
  • Region: Global
  • 132 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Asahi Kasei
  • BASF
  • Hangzhou Qingyun
  • HYOSUNG
  • INVISTA
  • Korea PTG
  • MORE
The bio-based poly (tetrahydrofuran) market is expected to register a high CAGR during the forecasted period, 2018 - 2023. The market is driven by many factors, such as government support for eco-friendly products. However, the high costs compared to petroleum-based products are expected to restrain the market.

Government Support for Eco-friendly Products Driving the Market

Bio-based poly (tetrahydrofuran) is majorly used in the apparel industry. The product is environment-friendly and there is a high government support towards the usage of eco-friendly products. The apparel industry accounts for 10% of the global carbon emissions, it remains the second-largest industrial polluter and accounts for tons of textiles in terms of open landfills every year, thereby, polluting the environment. Therefore, to curb the pollution the governments have released several incentives to textile and apparel industries to support the use of environment-friendly products. In India, the government has announced a special package for those textile industries which use eco-friendly products. The package includes an increase in capital subsidy, income-tax rebate to the manufacturers, and change in labor laws.

Textile is the Largest End-user Industry

The market is segmented on the basis of end-user industry and application. Based on the end-user industry, textile holds the largest share. Bio-based poly (tetrahydrofuran) is majorly used to make elastic spandex fibers for a large variety of textiles, including underwear, outerwear, sportswear, and swimsuits.

Asia-Pacific the Fastest Growing Region

Asia-Pacific is the largest market for bio-based poly (tetrahydrofuran) and it is expected to grow at a good CAGR during the forecast period. This is in response to the growing sportswear demand in the countries of the region, like China, India, and Vietnam. In China, the growing need for improved health and fitness is driving the demand for sportswear. According to Chinese Fitness Industry and Chinese Athletic Industry, 2.8 million people participated in 328 marathons, which is 14 times increase when compared with the data five years back. Also, the government also support people’s fitness and plans to build 20,000 new football pitches and 500 km of hiking trails along the Taihang Mountains by 2020.

Major Players: BASF SE, Mitsubishi Chemical, INVISTA, Korea PTG, Asahi Kasei, and HYOSUNG, among others.

Reason to Purchase this Report
  • To understand the impact of end-user industries on the market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating application in the market
  • To identify the countries that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Asahi Kasei
  • BASF
  • Hangzhou Qingyun
  • HYOSUNG
  • INVISTA
  • Korea PTG
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Government support towards bio based products
4.1.2 Non Hazardous and is Highly Resistant to Microbes
4.1.3 Other Drivers
4.2 Restraints
4.2.1 High Costs Compared to Petroleume Based PolyTHF
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Increased Bio Based Range of Consumer Products
4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market size, Growth, and Forecast)
5.1 By End-user Industry
5.1.1 Medical
5.1.2 Automotive
5.1.3 Marine
5.1.4 Textile
5.2 By Application
5.2.1 Dry And Melt Spun Fibers
5.2.2 Thermoplastic Polyurethane Elastomers (TPU)
5.2.3 Thermoplastic Polyetheresters
5.2.4 Polyetheramide
5.2.5 Cast Polyurethane Elastomers

6. Regional Market Analysis (Market ize, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Spain
6.3.6 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.1 BASF SE
9.2 Mitsubishi Chemical
9.3 INVISTA
9.4 Korea PTG
9.5 Asahi Kasei
9.6 Hyosung
9.7 Dairen Chemical Corporation
9.8 Shanxi Sanwei
9.9 Hangzhou Qingyun
9.10 Sinochem Taicang
9.11 Sinopec Yizheng
*List not exhaustive

10. Disclaimer
**Subject to availability on public domain
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  • BASF
  • Mitsubishi Chemical
  • INVISTA
  • Korea PTG
  • Asahi Kasei
  • HYOSUNG
  • Dairen Chemical Corporation S.A.xi Sanwei
  • Hangzhou Qingyun
  • Sinochem Taicang
  • Sinopec Yizheng
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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