Tetrahydrofuran Market worth US$ 5.1 Billion by 2034, growing at a CAGR of 7.5%: States Fact.MR [Yahoo! Finance]
BASF SE S/ADR (BASFY)
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Source: Yahoo! Finance
Rockville , April 16, 2024 (GLOBE NEWSWIRE) -- According to this new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global tetrahydrofuran (THF) market , after reaching a size of US$ 2.5 billion in 2024, has been forecasted to increase at a CAGR of 7.5% between 2024 and 2034). Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=9990 Tetrahydrofuran is produced from biomass furfural, which is a hydrocarbon feedstock. Currently, new advanced manufacturing technologies are coming up to commercialize the production of THF. The catalytic decarbonylation hydrogenation technology is an improved method that is being employed for THF production from biomass. Companies are switching to sustainable alternatives due to changing customer preferences and governmental regulations. • Recently, BASF launched a bio-based THF, QIRA. The product will offer more sustainable solutions to industrial customers. Re
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