North America Tetrahydrofuran Market Size & Outlook
The tetrahydrofuran market in North America is expected to reach a projected revenue of US$ 1,373.2 million by 2030. A compound annual growth rate of 6.6% is expected of North America tetrahydrofuran market from 2024 to 2030.
Revenue, 2023 (US$M)
$878.5
Forecast, 2030 (US$M)
$1,373.2
CAGR, 2024 - 2030
6.6%
Report Coverage
North America
North America tetrahydrofuran market, 2018-2030 (US$M)
North America tetrahydrofuran market highlights
- The North America tetrahydrofuran market generated a revenue of USD 878.5 million in 2023.
- The market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, reppe process was the largest revenue generating technology in 2023.
- Reppe Process is the most lucrative technology segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 878.5 million |
| Market revenue in 2030 | USD 1,373.2 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Reppe process |
| Fastest growing segment | Reppe Process |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reppe Process |
Other key industry trends
- In terms of revenue, North America region accounted for 19.4% of the global tetrahydrofuran market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,363.5 million by 2030.
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Tetrahydrofuran Market Scope
Tetrahydrofuran market segmentation & scope
Application
Polytetramethylene Ether Glycol (PTMEG)
Solvents
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Norway
Sweden
Denmark
South Africa
Saudi Arabia
UAE
Kuwait
China
India
Japan
South Korea
Thailand
Australia
Brazil
Argentina
Tetrahydrofuran Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America tetrahydrofuran market
Related regional statistics
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