Press release
Global Furfural Market was valued at USD 494.1 million in 2020 and is anticipated to reach USD 762.8 million by 2027, exhibiting a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period.
Global Furfural Market
Maximize Market Research Pvt. Ltd., a renowned market research company based in Pune, India, has recently published a comprehensive market research report on the Furfural Market, revealing valuable insights and predictions for the industry's future.
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/global-furfural-market/27396/
The report covers market trends from 2016, projecting market developments until 2027, with 2020 serving as the base year. Special attention is given to the significant impact of the COVID-19 pandemic on the Furfural market, both in terms of demand and supply, and its enduring effects over the following two years. The report offers strategic analysis of companies that performed well during the lockdown period.
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What are Global Furfural Market Dynamics?
Maximize Market Research Pvt. Ltd. is pleased to present a thorough assessment of the Furfural Market, offering insights, historical data, industry-validated market information, and projections based on rigorous methodology and assumptions. The report not only elucidates the dynamics of the Furfural market but also delves into market segmentation and global market size analysis. Additionally, it provides a competitive analysis of key market players, considering product offerings, pricing, financial position, product portfolios, growth strategies, and regional presence. To address shareholder inquiries and guide future investments, the report incorporates PEST analysis, PORTER's analysis, and SWOT analysis.
Increasing Demand for Furfural Alcohol: Furfural alcohol, derived from furfural, is crucial in foundry sand binder manufacturing. Its high reactivity has made it a primary component in metal core and mold production, with growing demand anticipated in India's foundry sector. This sector is projected to grow at a CAGR of 13.0 to 14.0% until 2027, fueling demand for furfuryl alcohol.
Availability of Crude Oil-Based Alternatives: The availability of cheaper crude oil-based products has impacted the furfural market. While furan resin is used in foundry binders, phenolic resin, a crude oil derivative, is considered more cost-effective. Similarly, butanediol (BDO) is used in the textile sector to produce PTMEG, reducing the preference for THF, another furfural derivative.
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What is Global Furfural Market Regional Insight?
Asia Pacific takes the lead in the global furfural market, attributed to the increasing presence of end-user industries such as petroleum refineries, pharmaceuticals, paints & coatings, agricultural formulations, and more.
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What is Global Furfural Market Segmentation?
by Raw material
• Corn Cob
• Rice Husk
• Sugarcane Bagasse
• Others
by End-user
• Agriculture
• Refineries
• Pharmaceuticals
by Application
• Furfuryl alcohol
• Solvent
• Intermediate
• Others
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Who are Global Furfural Market Key Players?
• Central Romana
• Hongye Holding
• Illovo Sugar Ltd.
• Lenzing AG
• Penn A Kem LLC
• Silvateam S.p.A.
• Tanin Senvica d.d.
• Aurus Specialty Company
• Henan Huilong Chemical Co.
• Shandong Crownchem
• Tieling North Furfural
• Transfuran Chemicals
• Central Romana Co
• Tanin
• Hebeichem
• Linzi Organic Chemical
• Arcoy
Table of content for the Global Furfural Market includes:
Global Furfural Market: Research Methodology
Global Furfural Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Furfural Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment |
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
Contact Maximize Market Research:
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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