FURFURAL MARKET REPORT 2020 TRENDS, SIZE, SHARE, GROWTH, LATEST NEWS AND DEVELOPMENTS, DEMAND AND FORECAST TO 2025

The Global Furfural Market generated revenue of $663.5 million in 2015, and is estimated to reach $1,434.1 million by 2022, registering a CAGR of 11.6% during the forecast period.

The Global Furfural Market report draws precise insights by examining the latest and prospective industry trends and helping readers recognize the products and services that are boosting revenue growth and profitability. The study performs a detailed analysis of all the significant factors, including drivers, constraints, threats, challenges, prospects, and industry-specific trends, impacting the market on a global and regional scale. Additionally, the report cites worldwide market scenario along with competitive landscape of leading participants.

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Furfural is an organic, renewable, non-petroleum-based chemical feedstock derived from agricultural by-products such as corn cobs, rice husk, sugarcane bagasse, cotton husk, oat husk, almond husk, olive press cake, and others. It is colorless or a little yellowish chemical compound that quickly darkens on exposure to air. Furfural is manufactured by using pentosan-containing residues, which are obtained from the processing of various agricultural or forest products. Furfural is processed in a digester under high-pressure steam and is recovered by steam distillation, followed by water-furfural separation and purification. It is suitable for the production of resins owing to its unique characteristics such as corrosion resistance, and thermosetting properties. Furfural is applicable as a solvent to refine lubricating oils and decolorizing agents, in purification of C4 and C5 hydrocarbons, as a reactive solvent and good wetting agent, and as a unique chemical feedstock for other furan derivatives.

Leading Players in the Furfural Market: Arcoy Industries Pvt. Ltd, Central Romana Corporation, Hongye Holding Group Corporation, Illovo Group, KRBL Ltd, Lenzing AG, Penn A Kem, Silvateam, Tanin Sevnica d.d, Tieling North Furfural (Group) Co. Ltd

The Furfural market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years. This intelligence study also encompasses the revenue share, market size, market potential, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.

Competitive landscape:

The Furfural Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies to increase their market share. The vendors engaged in the sector are outlined based on their geographic reach, financial performance, strategic moves, and product portfolio. The vendors are gradually widening their strategic moves, along with customer interaction.

Furfural Market Segmented by Region/Country: US, Europe, China, Japan, Middle East & Africa, India, Central & South America

Owing to increase in demand for green chemical, environmental awareness to renewable alternatives and availability of agricultural residues in developing countries such as India, China, Indonesia, and Malaysia, there has been an increase in the consumption of furfural in these countries. Environmental regulations from agencies, such as Environmental Protection Agency (EPA) of U.S. and Registration Evaluation Authorization and Restriction of Chemicals (REACH) of Europe, concerning the development of bio-based products are also expected to have a positive impact on the market growth during the forecast period; whereas, lack of technological advancement and fluctuations in the prices of raw material could hamper the growth of furfural market.

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Points Covered in the Report:

1. The pivotal aspects considered in the Global Furfural Market report consist of leading competitors functioning in the global market.
2. The report encompasses company profiles prominently positioned in the global market.
3. The sales, corporate strategies, and technological capabilities of leading manufacturers are also mentioned in the report.
4. The driving factors for the growth of the Global Furfural Market are explained exhaustively, along with an in-depth account of the end users in the industry.
5. The report also explains critical application areas of the global market to readers/users.
6. The report undertakes a SWOT analysis of the market. In the final section, the report features the opinions and views of industry experts and professionals. The experts also evaluate the export/import policies that might propel the growth of the Global Furfural Market.
7. The report on the Global Furfural Market delivers valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Reasons for Buying Furfural Market Report:

o The report performs an analysis of the dynamic competitive landscape that can help the reader/client move ahead in the global market.
o It also presents an in-depth view of different factors driving or restraining the growth of the global market.
o The Global Furfural Market report provides a five-year forecast derived on the basis of the potential growth of the market.
o It helps formulate profitable business decisions by offering thorough insights into the global market and by creating a comprehensive analysis of pivotal market segments and subsegments.

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Sameer Joshi
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