The Tetrahydrofuran Market size is estimated to surpass USD 5,760.0 Million by 2028 from USD 5,760.0 Million in 2020, registering a CAGR of 6.40% through the forecast period. The market growth is driven by robust product demand from various end-use industries, including PVC, polymer, sealants adhesives, pharmaceuticals, and others. Tetrahydrofuran (THF) is an organic compound that is fit for extensive industrial and chemical solvent applications. It is used in the making of PVC plastic that accounts for the majority of indoor plumbing in modern houses. It is also a primary ingredient in PVC adhesives, PVC film casting, and PVC reactor cleaning.
Top Companies Operating in the Global Tetrahydrofuran (THF) Market:
BASF SE, Dairen Chemical Corporation, INVISTA, Mitsubishi Chemical Holdings Corporation, LyondellBasell Industries N.V., Saudi International Petrochemical Company, Penn A Kem LLC, Ashland Global Specialty Chemicals Inc., Nova Molecular Technologies, and BioAmber Inc.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Tetrahydrofuran (THF) market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Tetrahydrofuran (THF) market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Tetrahydrofuran (THF) market key players
3.2 Global Tetrahydrofuran (THF) size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Tetrahydrofuran (THF) market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Tetrahydrofuran (THF) Market Segmentation
Process Type Outlook (Revenue in USD Million; Volume in Tons, 2018–2028)
- Acetylene-based Process
- Butadiene-based Process
- Maleic Anhydride-based Process
- Propylene-Based Process via Allyl Alcohol
- Propylene Oxide-based Process
Application Outlook (Revenue in USD Million; Volume in Tons, 2018–2028)
- Polytetramethylene Ether Glycol (PTMEG)
- Solvent applications
- Others
End-Use Outlook (Revenue in USD Million; Volume in Tons, 2018–2028)
- Polymer
- PVC
- Pharmaceutical
- Sealants Adhesives
- Others
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