PUBLISHER: Grand View Research | PRODUCT CODE: 1530331
PUBLISHER: Grand View Research | PRODUCT CODE: 1530331
"2030 tetrahydrofuran market value to reach USD 7.13 billion."
Tetrahydrofuran Market Size & Trends
The global tetrahydrofuran market size was estimated at USD 4.53 billion in 2023 and is expected to grow at a compound CAGR of 6.7% from 2024 to 2030. Growing production of polytetramethylene ether glycol (PTMEG) is expected to drive the market for tetrahydrofuran (THF) over the coming years.
PTMEG is a key raw material required for manufacturing the spandex fabric. The growing demand for sports apparel and stretchable fabrics in the fashion industry has led to an increased need for spandex, is expected to push the demand for tetrahydrofuran (THF) market over the forecast period. Additionally, the versatile properties of THF, such as its solvency and ability to produce high-performance polymers is further anticipated to fuel its demand across various industries.
Global Tetrahydrofuran Market Report Segmentation
This report forecasts revenue and volume growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global tetrahydrofuran market report based on technology, application, and region:
U.S.
Canada
Mexico
Germany
UK
Russia
China
India
Japan
South Korea
Brazil
GCC
South Africa