Middle East & Africa Tetrahydrofuran Market Size & Outlook
The tetrahydrofuran market in Middle East & Africa is expected to reach a projected revenue of US$ 63.6 million by 2030. A compound annual growth rate of 4.5% is expected of Middle East & Africa tetrahydrofuran market from 2024 to 2030.
Revenue, 2023 (US$M)
$46.8
Forecast, 2030 (US$M)
$63.6
CAGR, 2024 - 2030
4.5%
Report Coverage
Middle East & Africa
MEA tetrahydrofuran market highlights
- The MEA tetrahydrofuran market generated a revenue of USD 46.8 million in 2023.
- The market is expected to grow at a CAGR of 4.5% 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.
MEA data book summary
| Market revenue in 2023 | USD 46.8 million |
| Market revenue in 2030 | USD 63.6 million |
| Growth rate | 4.5% (CAGR from 2024 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 |
| Key market players worldwide | Ashland Inc, Banner Chemicals, Basf SE, BioAmber, Dairen Chemical Corporation, INVISTA, LyondellBasell Industries NV Class A, Nova Molecular Technologies, Inc., Sipchem |
Other key industry trends
- In terms of revenue, MEA region accounted for 0.5% 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 8,727.1 million by 2030.
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Tetrahydrofuran Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nova Molecular Technologies, Inc. | View profile | 101-250 | Janesville, Wisconsin, United States, North America | http://novamolecular.com |
| Banner Chemicals | View profile | 101-250 | Runcorn, Cheshire, United Kingdom, Europe | https://www.bannerchemicals.com |
| Sipchem | View profile | 5001-10000 | Al Khobar, Ash Sharqiyah, Saudi Arabia, Asia | http://www.sipchem.com |
| BioAmber | View profile | 51-100 | Plymouth, Minnesota, United States, North America | http://www.bio-amber.com |
| INVISTA | View profile | 10001+ | Wichita, Kansas, United States, North America | http://www.invista.com/ |
| Dairen Chemical Corporation | View profile | - | Taipei, T'ai-pei, Taiwan, Asia | https://www.dcc.com.tw/dccweb.nsf/HomepageEN/ |
| Ashland Inc | View profile | 3800 | 8145 Blazer Drive, Wilmington, DE, United States, 19808 | http://www.ashland.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
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