Tetrahydrofuran Market to Witness Significant Growth by 2029 Driven by Expanding Polymer and Solvent Applications

Tetrahydrofuran Market Size

The global Tetrahydrofuran revenue was US$ 2696 million in 2022 and is forecast to a readjusted size of US$ 3632.7 million by 2029 with a CAGR of 4.3% during the forecast period (2023-2029).

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Tetrahydrofuran (THF), also known as tetramethylene oxide, diethylene oxide, is five-membered cyclic ether. It is an industrial solvent widely recognized for its unique combination of useful properties. THF is a stable compound with relatively low boiling point and excellent solvency. It is widely-used for dissolution and reaction of various substances. Also it is used as a starting material for the synthesis of poly (tetramethylene ether) glycol (PTMG), etc.

In India, the Tetrahydrofuran revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).

The major players in global Tetrahydrofuran market include BASF, Invista, etc. The top 2 players occupy about 40% shares of the global market. Asia is the main market, and occupies about 50% of the global market. The Dehydration of 1,4-Butanediol is the main type, with a share about 70%. PTMEG is the main application, which holds a share about 80%.

This report focuses on global and India Tetrahydrofuran market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Tetrahydrofuran will continue to grow rapidly in the future.

Global Tetrahydrofuran Scope and Market Size

Tetrahydrofuran market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global Tetrahydrofuran market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.

For India market, this report focuses on the Tetrahydrofuran market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.

By Type
• The Dehydration of 1,4-Butanediol
• Maleic Anhydride Method
• Furfural Method

By Application
• PTMEG
• Adhesives
• Pharmaceutical
• Coatings

Key Companies
BASF, Invista, Penn A Kem, LyondellBasell, Ashland, Mitsubishi, Korea PTG, Sipchem, Dairen Chem, Bluestar Chem, Qianguo Chem, Markor Chem, Shanxi Sanwei Group, Zibo Hualiyuan

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This release was published on openPR.