This Furfural research report makes in depth assessment of the current market size and projected compounded annual growth rate (CAGR). It obtains the historical data of the market based on the news, articles, white papers and other secondary sources. Analyzing the market forces such as drivers, restraints and opportunities to assess new growth areas for the market are included in this Furfural report. It classifies the market into segments on the basis of type, application and region to analyze their growth prospects individually. Profiling key companies operating in the global market are also mentioned in this Furfural research report.
Furfural is an organic compound which is a colorless liquid. Due to its superior physical properties, furfural is commonly used as a solvent in the production of refractory products, resin-bonded grinding wheels and butadiene extraction. They usually have thermosetting properties, physical resistance and corrosive resistance. They are also used as solvent for refining rosin and oil so they can enhance the characteristics of catalytic cracker and diesel fuel. They are widely used in applications such as flavour enhancer, gasoline additives, decolorizing agents among others.
Global Furfural Market is set to witness a steady CAGR of 4.75% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising production opportunities and rising environmental concern are the factor for the market growth.
Key Market Competitors: Central Romana Corporation; hebeichem; ILLOVO SUGAR AFRICA (PTY) LTD; International Furan Chemicals B.V.; LENZING AG; Pennakem, LLC; Silvateam S.p.a.; International Furan Chemicals B.V.; Zibo Xinye Chemical Industry Limited Company; Krbl; Transfurans bvba; Nutrafur S.A.; Merck KGaA; Hefei TNJ Chemical Industry Co.,Ltd.; Galaxy Laboratories; Shanxi Province Gaoping Chemical Industry Co.,Ltd; Henan Huilong Chemical Co.,Ltd.; among others.
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Segmentation: Global Furfural Market
By Raw Material
- Rice Hulls
- Cotton Hulls
- Sugar Cane Bagasse
- Flavor Enhancers
- Gasoline Additives
- Decolorizing Agents
- Intermediates in Adhesives and Sealants
- Solid Acid Type
- Liquid Acid Type
By End- User Industry
- Chemical Industry
- Agrochemical Industry
- Pharmaceutical and Medical Industry
- Oil and Gas Industry
- Automotive and Transportation Industry
- Manufacturing Industry
- Furfural s and Polymer Industry
- Food and beverages Industry
- Fertilizer Industry
- North America
- South America
- Middle East and Africa
Key Developments in the Market:
- In July 2018, Sappi today announced further progress in the growth of its biorefinery ability by announcing that it will build a demonstration plant to further expand its latest Xylex technology for Xylitol and Furfural production. They are planning to focus on building a sustainable and profitable business from the manufacture and sale of food ingredients, materials and chemical intermediates derived from C5 sugars produced as a co-product of our production of dissolving wood pulp and lignin produced in our global production of pulp
- In July 2015, Oji Holdings Corporation announced that they are going to establish new technology so they can produce furfural from the hemicellulose. During the manufacture of dissolving pulp, this is constantly isolated, making commercial production of furfural possible. This will also help the company to use the furfural in different applications
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Global furfural market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of furfural market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Questions Answered in Global furfural Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global furfural Market in 2026?
- What are the key factors driving, Analysis by Applications and Countries Global furfural Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global furfural Market?
- Who are Opportunities, Risk and Driving Force of Global furfural Market?
- Who are the opportunities and threats faced by the vendors in Global furfural Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global furfural Market opportunities, market risk and market overview of the Market?
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- Growing demand for furfuryl alcohol will drive the market
- Increasing demand from industrial chemical manufacturing will also contribute as a factor for the market growth
- Rising R&D activities will also enhance the market growth
- Growing importance of bio- based solvents will also accelerate the growth of the market in the forecast period
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