Press release
Furfural Market 2021 - Global Industry Research Update, Future Scope, Size Estimation, Revenue, Pricing Trends, Growth Opportunity, Regional Outlook and Forecast | by Report ocean
Report Ocean publicizes a new report on the global furfural market report containing numerous information about factors, such as market restrains, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and trends in the market that are influencing the global furfural market growth.Market Introduction The global furfural market held a market value of USD 457.4 Million in 2020 and is projected to reach USD 840.7 Million by the year 2027. The market is anticipated to grow at a CAGR of 8.7% from 2021 to 2027. Around 390.31 kilo tons of furfural was sold in 2020.
Request Sample
https://reportocean.com/industry-verticals/sample-request?report_id=ARS200&utm_source=G.Saini
Furfural is an organic compound, which is used for manufacturing plastics, inks, adhesives, antacids, fungicides, nematicides, flavouring compounds, and fertilizers. The market is expected to be driven by the growing demand of furfuryl alcohol by various industries. Furthermore, rapid growth of the construction industry in developing nations are also estimated to fuel the market growth.
Despite the driving factors, outdated manufacturing technologies for furfural production, which result in low yields of furfural and availability of crude oil-based alternatives are anticipated to hinder the market growth. Furthermore, during the COVID-19 pandemic, the market was negatively impacted as various market players are heavily dependent on China for procuring raw materials.
Growth Influencers:
Growing demand for furfuryl alcohol from various industries
The demand for furfuryl alcohol in various industries is fuelling the market growth. It is used in manufacturing of furfuryl alcohol, levulinic acid, and tetrahydrofuran as a solvent. It has various commercial applications, such as used as fragrance in personal care products, food flavoring, and pesticides. Its demand is increasing due to its properties such as rapid absorption as well as elimination after dermal, oral, and inhalation exposures.
Get Sample Report + All Related Graphs & Charts @
https://reportocean.com/industry-verticals/sample-request?report_id=ARS200&utm_source=G.Saini
Segments Overview:
The global furfural market is segmented into raw material, application, and end user.
By Raw Material,
Sugarcane Bagasse
Corncob
Rice Husk
Sunflower Hull
Others
The corncob segment is expected to hold the largest market share of around 32% owing to versatile nature and use in manufacturing various chemical products and biofuels. The sugarcane bagasse segment is anticipated to witness the fastest growth rate of 9.4% as it improves oxidation stability and viscosity index, among other features.
By Application,
Furfuryl Alcohol
Solvent
Resins
Gasoline Additives
Fungicides
Flavor Enhancers
Decolorizing Agents
Agricultural Raw Materials
Others
The furfuryl alcohol segment is anticipated to account for the largest market share of about 43% owing to its increasing usage in tanks, containers, valves, and lines for avoiding potential leakage. The resins segment is estimated to surpass a volume size of around 60 kilo tons by 2025 owing to its high usage in the foundry industry. The agricultural raw materials segment is expected to witness a growth rate of 7.9% during the forecast period.
By End User,
Petroleum Refineries
Agricultural Formulations
Pharmaceuticals
Paints & Coatings
Lubricants Industry
Cements Industry
Energy Sector
Adhesives
Food and Beverages Industry
Others
The petroleum refineries segment is expected to hold the largest market share owing to owing to high adoption of furfural in this industry. The cements industry is estimated to witness a market volume of around 30 kilo tons by 2023. The energy sector segment is expected to reach a market size of about USD 40 million in 2027.
Request To Download Sample of This Strategic Report:-
https://reportocean.com/industry-verticals/sample-request?report_id=ARS200&utm_source=G.Saini
Regional Overview
By region, the global furfural market is divided into Asia Pacific, Europe, North America, Middle East & Africa, and South America.
The North America region accounted for the largest market share owing to growing focus of various market players on manufacturing furfuryl alcohol by using furfural manufactured in their manufacturing plants.
The Asia Pacific region is expected to witness the fastest growth rate of about 9% owing to the rapidly growing petroleum refineries and pharmaceutical industry in emerging economies, such as India and China.
Competitive Landscape
Major players in the global furfural market include Shandong Zibo Baofeng I&E Co.,Ltd., Zhongkang Furfural Co., Ltd., Shanghai Huiyingtong International Trading Co.,Ltd., Arcoy Industries Pvt. Ltd, Hongye Holding Group Corporation Limited, Hebeichem, International Furan Chemicals B.V., KRBL, Lenzing AG, NC-Nature Chemicals Dr. Kruppa GmbH, Pennakem, Silvateam S.p.a., Transfuran Chemicals, Tieling North Furfural (Group) Co. Ltd., Zhucheng Taisheng Chemical Co., Ltd., Zibo Xinye Chemical Co., Ltd., and Other Prominent Players. The cumulative market share of the six major players is near about 44%.
These market players are involved in collaborations, mergers & acquisitions, and new product launches, among other initiatives, to strengthen their market presence. For instance, in September 2017, Lenzing Group opened its new application innovation center in Hong Kong.
Table Of Content: Chapter 1. Research Framework
1.1 Research Objective
1.2 Product Overview
1.3 Market Segmentation
Chapter 2. Research Methodology
2.1 Qualitative Research
2.1.1 Primary & Secondary Sources
2.2 Quantitative Research
2.2.1 Primary & Secondary Sources
2.3 Breakdown of Primary Research Respondents, By Region
2.4 Assumption for the Study
2.5 Market Size Estimation
2.6. Data Triangulation
Chapter 3. Executive Summary: Global Furfural Market ……..and view more in complete table of Contents
Get 20% Off On Various License Types When Buy Now At:
https://reportocean.com/industry-verticals/sample-request?report_id=ARS200&utm_source=G.Saini
The global Furfural market report provides insights on the below pointers:
Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Furfural market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Furfural market report answers questions such as:
What is the market size and forecast of the Global Furfural Market?
What are the inhibiting factors and impact of COVID-19 on the Global Furfural Market during the assessment period?
Which are the products/segments/applications/areas to invest in over the assessment period in the Global Furfural Market?
What is the competitive strategic window for opportunities in the Global Furfural Market?
What are the technology trends and regulatory frameworks in the Global Furfural Market?
What is the market share of the leading players in the Global Furfural Market?
What modes and strategic moves are considered favorable for entering the Global Furfural Market?
What is the volume (kilo tons/year) of furfural and furfural derivatives production?
What is the comparison of furfural processing technologies?
What is the input flows for the process (per kg HMF)?
What is the output flows for the process (per kg HMF)?
Download Free Sample Report, SPECIAL OFFER (Avail an Up-to 20% discount on this report- https://reportocean.com/industry-verticals/sample-request?report_id=ARS200&utm_source=G.Saini
What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
Access full Report Description, TOC, Table of Figure, Chart, etc. @
https://reportocean.com/industry-verticals/sample-request?report_id=ARS200&utm_source=G.Saini
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website: https://www.reportocean.com/
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
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 2021 - Global Industry Research Update, Future Scope, Size Estimation, Revenue, Pricing Trends, Growth Opportunity, Regional Outlook and Forecast | by Report ocean here
News-ID: 2512628 • Views: …
More Releases from Report Ocean
Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan.
Internet Advertising are set…
Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders…
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030.
This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,…
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,…
More Releases for Furfural
Furfural Solvent Market: A Comprehensive Overview
The global market for furfural solvent has been experiencing notable growth, driven by its diverse industrial applications and sustainability advantages. Furfural, an organic compound derived from agricultural byproducts, primarily plays a significant role in the chemical industry as a solvent and intermediate. As industries continue to seek environmentally friendly alternatives to conventional solvents, the demand for furfural is expected to rise. In this post, we will explore the furfural solvent…
Furfural Market Surges as Industries Embrace Sustainable Chemical Solutions | In …
The global furfural market was valued at $1.2 billion in 2019 and is projected to reach $2.0 billion by 2027, growing at a CAGR of 6.9% from 2020 to 2027, according to a new report published by Allied Market Research. The report provides a comprehensive analysis of market size & estimations, top winning strategies, value chain analysis, business performance, major segments, and competitive landscape.
𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲: https://www.alliedmarketresearch.com/request-sample/1819
In 2019, the rice…
Furfural Solvent Market 2021 Status and Growth Outlook - Alchem Chemical Co., Fu …
The Furfural Solvent Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The furfural solvent market is…
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 Market Set to Boom 2018
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…
Furfural Derivatives Market - Evolving Industry Trends 2024
The global furfural derivatives market has been prophesied by Transparency Market Research (TMR) to arrive at a situation where the degree of rivalry could stay high all through the course of the forecast period 2016–2024. The competition in the world market could intensify on account of a growing number of small and large players making their presence known in the furfural derivatives industry. Pricing has had its part played in…
