DUBLIN--(BUSINESS WIRE)--The "Global Bio Based Poly (Tetrahydrofuran) THF1000 Market - Segmented by End User Industry, Application and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
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.
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.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis (Market size, Growth, and Forecast)
6. Regional Market Analysis (Market ize, Growth, and Forecast)
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
- Mitsubishi Chemical
- Korea PTG
- Asahi Kasei
- Dairen Chemical Corporation S.A.xi Sanwei
- Hangzhou Qingyun
- Sinochem Taicang
- Sinopec Yizheng
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