Press release
Furfural Market is projected to reach $2.0 billion by 2027 | Growing at 6.9% CAGR from 2020 to 2027
Furfural Market
Get Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/1819
Based on region, Asia-Pacific held the largest share, accounting for more than three-fourths of the total market share in 2019, and is expected to maintain its dominant share during the forecast period. Moreover, this region is expected to grow at the largest CAGR of 7.1% from 2020 to 2027. The report also analyzes segments including North America, Europe, and LAMEA.
As per furfural market report, Based on application, the furfuryl alcohol segment contributed to the highest share in 2019, accounting for around three-fourths of the total share, and is expected to maintain the dominant position during the forecast period. In addition, this segment is estimated to witness the highest CAGR of 7.1% during the forecast period. The research also discusses segments such as solvent and others.
Furfural market growth is driven by ease in availability of raw material and surge in awareness regarding benefits. However, lack of advancements in technology to develop better products and varying prices of raw materials hinder the market growth. On the other hand, untapped potential in emerging economies creates new opportunities in the coming years.
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/purchase-enquiry/1819
Covid-19 scenario:
Production facilities in some of the regions have been closed due to lockdown. Owing to disruption of the supply chain, the raw material availability has been affected.
Interruption in new production and disruption in the supply chain also affected the manufacturing of resins, for which, furfural was one of the vital raw materials.
By Row Material
Corn Cobs
Rice Husk
Sugarcane Bagasse
Others
By Application
Furfuryl Alcohol
Solvent
Others
By End User
Petroleum Refineries
Agricultural Formulations
Paints & Coatings
Pharmaceuticals
Others
Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/1819
Key Market Players
Arcoy Industries Pvt. Ltd.
Central Romana Corporation, Ltd.
Hongye Holdings Group Co., Ltd.
ILLOVO SUGAR AFRICA (PTY) LTD
KRBL Ltd.
Lenzing AG
Penn A Kem LLC
Silvateam
Tanin Sevnica d.d.
Tieling North Furfural (Group) Co.
Related Links
Sulfur Fertilizers Market
https://www.alliedmarketresearch.com/sulfur-fertilizers-market
Specialty Chemicals Market
https://www.alliedmarketresearch.com/specialty-chemicals-market
Agrochemicals Market
https://www.alliedmarketresearch.com/agrochemicals-market
Agrochemical Active Ingredients Market
https://www.alliedmarketresearch.com/agrochemical-active-ingredients-market
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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
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 is projected to reach $2.0 billion by 2027 | Growing at 6.9% CAGR from 2020 to 2027 here
News-ID: 3253666 • Views: …
More Releases from Allied Market Research
Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion …
Allied Market Research published a new report, titled, "Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine…
MarTech Market Witnessing CAGR of 18.5% Hit USD 1.7 Trillion by 2032
The global marketing technology market is experiencing growth due to several factors, including the increasing digital transformation, the surge in demand for personalized experience, and the proliferation of automation and efficiency. However, data privacy and compliance, and the high cost of implementation are expected to hamper market growth. Furthermore, the growing integration of AI and ML technologies and the increase in demand for real-time marketing are anticipated to provide lucrative…
Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Bi …
Allied Market Research published a new report, titled, "Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Billion by 2031 ." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and…
Digital Educational Publishing Market Growing at 15.9% CAGR Reach USD 41.5 Billi …
The Market report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
The global Digital Educational Publishing Market was valued at $9.9 billion in 2021, and is projected to reach $41.5 billion by 2031, growing at…
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…
