According to Furfural market research report, global market is anticipated to witness a relatively higher growth rate during the forecast period. This market report covers many business strategies such as new product launches, expansions, agreements, partnerships, joint ventures, acquisitions, and others that help to amplify their footprints in the market. The market drivers and restraints have been explained in the report using SWOT analysis. The market share of major competitors on global level is also studied in the world class Furfural report where key areas such as Europe, North America, Asia Pacific and South America are covered in this market research report.
A dependable Furfural market report comprises of data that can be pretty indispensable when it is about dominating the market or making a mark in the market as a latest emergent. The report studies and evaluates market drivers, market restraints, challenges, opportunities and key developments in the market. It also includes strategic profiling of top players in the market, wide-ranging analysis of their core competencies, and their strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions which are applicable for the businesses. An all-inclusive Furfural market research report consists of the systematic and comprehensive market research study that provides the facts and figures in the field of marketing.
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Data Bridge Market Research analyses that the furfural market is expected to reach USD 900.84 million by 2030, which is USD 556.74 million in 2022, registering a CAGR of 6.20% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Furfural is a naturally occurring compound with a chemical formula of (C4H3OCHO). It is prepared by dehydrating carbon sugars and also obtained from hemicellulose fraction of lignocellulosic biomass. It is a versatile in nature which is extensively utilized as a raw material to form phenol-furfural-resins. It can also be converted into tetrahydrofuran, furan, furfuryl alcohol, tetrahydrofurfuryl alcohol (THFA), and diols by chemical reactions.
Some of the major players operating in the furfural market are:
- ILLOVO SUGAR AFRICA (South Africa)
- TransFurans Chemicals bvba (Belgium)
- hebeichem (China)
- KRBL (India)
- Silvateam S.p.a. (China)
- LENZING AG (Austria)
- Hongye Holding Group Corporation Limited (China)
- Tanin d.d. (U.S.)
- Pennakem, LLC (U.S.)
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Global Furfural Market Scope:
The furfural market is segmented on the basis of raw material, process, catalyst, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material
- Corncobs
- Rice Hulls
- Cotton Hulls
- Sugarcane Bagasse
- Others
Process
- Quaker Batch
- Chinese Batch
- Rosen lew Continuous
- Other
Catalyst
- Solid Acid Type
- Liquid Acid Type
Application
- Solvents
- Flavour Enhancers
- Fungicides
- Gasoline Additives
- Decolorizing Agents
- Intermediates in Adhesives and Sealants
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