openPR Logo
Press release

Furfural Market Set to Boom 2018

08-03-2018 07:05 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Furfural Market- Allied Market Research

Furfural Market- Allied Market Research

Furfural Market Report, published by Allied Market Research, forecasts that the global market is expected to reach $1,434 million by 2022 from $663 million in 2015, with a CAGR of 11.6%. Furfural based on corn cob and sugarcane bagasse raw materials together accounted for half of the market share in 2015, in terms of revenue.

The economic development in emerging economies is expected to boost the demand for furfural during the forecast period; whereas, lack of technological advancements and fluctuating prices of raw materials such as corn cob, rice husk, sugarcane bagasse, and others is expected to hamper the market growth during the forecast period.

sample PDF brochure at: https://www.alliedmarketresearch.com/request-sample/1819

Furfuryl alcohol was the dominant application segment, which accounted for four-fifths market share in 2015 and is expected to generate highest revenue during the forecast period. Furfuryl alcohol plays a vital role in the manufacturing of various chemical products, such as foundry resins, adhesives, and wetting agents, owing to the low viscosity & high reactivity, outstanding chemical, mechanical, & thermal properties. Furfural gains increased importance across various end-user industries such as petroleum refineries, pharmaceuticals, paints & coatings, agricultural formulations, and others, which include textile, foundry metal castings, flavors & fragrance.

Key Findings of the Furfural Market Study:

The furfuryl alcohol application segment occupied the highest share in 2015, and is expected to grow at a CAGR of 11.8%, in terms of value, during the forecast period.

Sugarcane bagasse raw material based furfural is expected to grow at a high CAGR of 12.6% during the forecast period.

Petroleum Refineries industry is the leading end-user segment accounted for one-fifth of the share in 2015, followed by agricultural formulations industry in the global furfural market.

China dominated the furfural market in Asia-Pacific region in 2015, and is projected to grow at a CAGR of 12.1% during the forecast period.

U.S. is the leading market for furfural in the North American region, expected to grow at a CAGR of 11.5%, in terms of value.
The Asia-Pacific market accounted for the largest share in 2015, and is expected to maintain its leading position, owing to the increase in the market for end-user industries such as petroleum refineries, pharmaceuticals, paints & coatings, agricultural formulations, and others.

Get 20% customization on this research report at: https://www.alliedmarketresearch.com/request-for-customization/1819

The key players operating in the global furfural market are Arcoy Industries Pvt. Ltd., Central Romana Corporation, Ltd., Hongye Holding Group Corporation, Illovo Sugar Ltd., KRBL Ltd., Lenzing AG, Penn a Kem LLC, Silvateam, Tanin Sevnica d.d and Tieling North Furfural (Group) Co. Ltd.

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Furfural Market Set to Boom 2018 here

News-ID: 1160170 • Views: 405

More Releases from Allied Market Research

Drug Screening Laboratory Services Market Share Size, Statistics, Demand, Revenu …
Drug Screening Laboratory Services Market by Service type, (Workplace Drug Testing and Clinical Toxicology Testing), Sample Type (Urine, Oral Fluid, Hair and Others), End User (Retail, Oil & Gas, Transportation, Staffing, Government, Other Workplace, Hospital Laboratories, Clinical Laboratories, and Other Laboratories): Global Opportunity Analysis and Industry Forecast, 2020-2027 by Service type, (Workplace Drug Testing and Clinical Toxicology Testing), Sample Type (Urine, Oral Fluid, Hair and Others), End User (Retail, Oil
Orthopedic Devices Market Global Growth, Current Scenario Technology Trends, Com …
Rise in geriatric population and increase in chronic diseases related to orthopedics such as osteoarthritis, traumatic fractures, osteopenia, and others are play a major role in the growth of the orthopedic device market. In addition, various growth opportunities such as surge in healthcare infrastructure, increase in affordability, and rise in awareness related to orthopedic conditions in emerging economies are expected to boost the market growth in the coming years. Download Free
Neurosurgery Devices Market: Global Trends, Segmentation and Opportunities Forec …
Neurosurgery devicesare devices that help in prevention, treatment, and diagnosis of conditions and disorders associated with nervous system mainly the brain, spinal cord, peripheral nerves, and extra-cranial cerebrovascular system. The neurological conditions include dementia, headache disorders, neuro-infections, and multiple sclerosis, traumatic brain injuries, pain associated with neurological disorders, neurological disorders associated with malnutrition, stroke, epilepsy and Parkinson’s disease.These disorders are fatal and cannot be cured by therapeutics. Some of the
COVID-19 Impact on Nerve Repair and Regeneration Market Global Industry Size, Sh …
Global Nerve Repair and Regeneration Market are expected to reach $13,938 million by 2023, growing at a CAGR of 13.0 % during the forecast period, 2019-2023. The factors propelling the nerve repair and regeneration market are rise in geriatric population, growing prevalence of neurological and epidemic disorders, and introduction of novel and innovative products for nerve repair and regeneration. However, stringent regulatory requirements for product approvals, lack of skilled professionals, and

All 5 Releases


More Releases for Furfural

Global Furfural Derivatives Market Snapshot Upto 2024
The global furfural derivatives market is characterized by the presence of several industry giants and is set to witness the rise in both large and small enterprises. Transparency Market Research (TMR) recently compiled a business intelligence report that distinguishes the market by names such as Hongye Chemical Co Ltd., Avantium, Ashland Inc., Mitsubushi Chemical and DynaChem Inc. The market is predicted to witness high level of competition, compelling the market
Furfural Derivatives Market, Furfural Derivatives Market Trends, Furfural Deriva …
Furfural derivatives are produced through feedstock (agricultural waste, corn cobs, wood oil, and others), refining or processing operations in chemical industries, and logistics of primary derivatives (furfuryl alcohol, 2-furoic acid) and secondary derivatives (tetrahydrofuran, tetrahydrofurfuryl alcohol, poly tetrahydrofuran, 2-methyl tetrahydrofuran) globally. The Furfural Derivatives Market is not fully commercialized. Increased demand for products from renewable and biodegradable sources, as well as growing consumption from the food industry have led to
Furfural Market Competitive Landscape & Growth Opportunities 2023
The global furfural market exhibits a highly fragmented structure, with none of the leading players having significant market share, finds Transparency Market Research in a new study. In 2014, it took six players, namely, Tieling North Furfural Co. Ltd., Central Romana Corp., Illova Sugar, Xingtai Chunlei Furfuryl Alcohol Co. Ltd., KRBL Ltd., and Hongye Holding Group Corp. Ltd., to hold around 50% of the overall market. Read Report Overview @
Furfural Market Growth 2017 By Top Manufacturers
Here comes the New Version of Furfural Market Research Report is a core market research report in this current market. This report majorly discuss the global and regional market, major manufacturers and segment market details various classifications and mode of applications. Do u Want Sample of report then visit at: https://www.1marketresearch.com/sample/?flag=rs&rep_id=3161&sku=1732 Here is Top Manufacturers which covers in this report: Teiling Central Romana TransFurans Chemicals Penn A Kem Illovo Sugar ....Continued First and foremost, Furfural report gives the basic analytic
Furfural Market - Global Industry Analysis By 2023
In the recent time, the demand for bio-based fuels and chemicals have reported a significant rise, thanks to the growing awareness regarding the renewable alternatives of fossil resources. Furfural, being a renewable platform molecule for the production of biofuels and biochemicals, is gaining significant impetus from this rising demand. The pharmaceutical industry is also presenting lucrative opportunities for the application of this organic compound. As furfural acts as a natural precursor
Furfural Market - Global Industry Analysis 2023
The global furfural market exhibits a highly fragmented structure, with none of the leading players having significant market share, finds Transparency Market Research in a new study. In 2014, it took six players, namely, Tieling North Furfural Co. Ltd., Central Romana Corp., Illova Sugar, Xingtai Chunlei Furfuryl Alcohol Co. Ltd., KRBL Ltd., and Hongye Holding Group Corp. Ltd., to hold around 50% of the overall market. This fragmentation has led