Tetrahydrofuran Market Size, Share & Trends Analysis Report By Technology (Reppe Process, Davy Process, Propylene Oxide), By Application, By Region, And Segment Forecasts, 2024 - 2030
“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:
Technology Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
Reppe Process
Davy Process
Propylene Oxide
Butadiene Process
Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
Polytetramethylene Ether Glycol (PTMEG)
Solvents
Others
Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Russia
Asia Pacific
China
India
Japan
South Korea
Central & South America
Brazil
Middle East & Africa
GCC
South Africa
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Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Metaverse in Education Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Industry Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market Drivers Analysis
3.4.1.1. Increasing EdTech investment
3.4.1.2. The growing industry training and deployment in the education sector
3.4.2. Market Restraints Analysis
3.4.2.1. Difficulties in implementation of technology infrastructure