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The Asia Pacific region is the largest market for tetrahydrofuran. The Asia Pacific THF market is projected to grow at the highest CAGR, in terms of volume. Countries such as China and South Korea of the Asia Pacific region are expected to witness high growth during the forecast period.
The Asia Pacific region is also a major market for textiles, packaging, automotive, and chemical processing, globally. Countries in the Asia Pacific region are expanding their production capacities and investing in new projects to decrease their dependence on imports, thereby fueling the regional energy security and autonomy. China has enormous production capacities for 1,4-Butanediol (BDO) and tetrahydrofuran. Moreover, the growing purchasing capacity of consumers, increasing dispensable income of the middle class population, and growing awareness among masses about benefits of fitness activities have surged the demand for spandex in sportswear. Government support for the promotion of various sports events in the Asia Pacific region has also led to increased demand for sportswear from the region, thereby leading to the increased demand for spandex. This, in turn, is contributing to the growth of the Asia Pacific THF market.
We have REACH for THF, please contact me if you have need, firstname.lastname@example.org .