The global tetrahydrofuran market is expected to grow at a significant rate during the forecast period (2022-2028). Market growth is driven by strong industry demand from a variety of end-user industries, including polyvinyl chloride, polymers, sealants and adhesives, pharmaceuticals and more. In addition, the high use of plastic sheeting that manufactures most of the internal pipes in modern homes contributes even more to market growth.
On July 27, 2020, Ashland Global Holdings Ltd. Entered an official sale of Malik Anhydride Business and a manufacturing facility in West Virginia for $ 100 million to a materials company. Earlier, Ashland sold its botanediol plant in Germany to focus on selling unique ingredients instead of composite ingredients to increase demand for the plant.
Moreover, increasing the supply of products in a number of vertical industries adds to the global market share of Tetrahydrofuran. However, the extent of use of this biological component is still increasing, which may increase industrial growth in the coming years. For example, on August 13, 2020, a University of California researcher he recently founded from. C. Fuels to use its new technology in the field of biofuels received the latest US funding.
Accordingly, his team received a $ 75,000 donation from the Department of the Environment 3 (People Program, Prosperity and Planet of the Environmental Protection Agency) to improve hemp production using these transformative technologies using water and the tetrahydrofuran market. In addition, the new method can degrade lignin at lower temperatures than traditional methods, resulting in less risk without manufacturing such inventions may increase product demand worldwide.
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Market coverage
Available market number for 2021-2028
Base year -2021
Forecast period-2022-2028
* Covered section-
According to process
According to application
By end users
Covered areas-
North America
By Europe
Asia Pacific
the rest of the world
Competitive view – Lionel Basel Industries n. N., Saudi Arabia International Petrochemical Company, Pen A Kam, Ashland Global Special Chemicals., Nova Molecular Technologies and Bio-Amber., Among others.
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Global Tetrahydrofuran Market Report by Sectors
By process
Acetylene based process
Butadine-based process
By others
By application
Polytramethylene glycol site
Tax applications
By others
By final use
By polymer
ו PVC
By drugs.
Sealing materials and adhesives
By others
Key questions discussed in the report
What is the growth rate of the market?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How did Cubid-19 affect the market?
Deviation from the forecast before Covid 19
The region and sector most affected
Who is the market leader?
How do players face challenges to sustain growth?
Where is the investment opportunity?
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