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Furfural Market Surges as Industries Embrace Sustainable Chemical Solutions | Innovative Applications Propel Furfural Market Growth

07-18-2024 12:28 PM CET | Chemicals & Materials

Press release from: Allied Market Research

Furfural Market

Furfural Market

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.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—ฃ๐——๐—™ ๐—•๐—ฟ๐—ผ๐—ฐ๐—ต๐˜‚๐—ฟ๐—ฒ: https://www.alliedmarketresearch.com/request-sample/1819

In 2019, the rice husk segment accounted for the largest share of the global furfural market, contributing nearly three-fifths of the total revenue. This segment is expected to maintain its lead position during the forecast period, exhibiting the highest CAGR of 7.2%. The market report also covers segments including corn cob, sugar bagasse, and others.

๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น๐—น๐˜†, Asia-Pacific held the largest share of the furfural market in 2019, capturing more than three-fourths of the total market share. The region is anticipated to grow at the highest CAGR of 7.1% from 2020 to 2027. The report also analyzes the market dynamics in North America, Europe, and LAMEA.

๐—•๐˜† ๐—ฎ๐—ฝ๐—ฝ๐—น๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป, the furfuryl alcohol segment dominated the market in 2019, accounting for approximately three-fourths of the total share and is expected to maintain its dominance throughout the forecast period. This segment is projected to grow at a CAGR of 7.1%. The report also explores segments such as solvent applications and others.

The growth of the furfural market is attributed to the availability of raw materials and increased awareness of its benefits. However, challenges such as technological advancements and fluctuating raw material prices hinder market growth. Nevertheless, untapped opportunities in emerging economies are expected to create new growth avenues in the coming years.

๐—œ๐—ป๐˜๐—ฒ๐—ฟ๐—ฒ๐˜€๐˜๐—ฒ๐—ฑ ๐—ถ๐—ป ๐—ฃ๐—ฟ๐—ผ๐—ฐ๐˜‚๐—ฟ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜? ๐—ฉ๐—ถ๐˜€๐—ถ๐˜ ๐—›๐—ฒ๐—ฟ๐—ฒ: https://www.alliedmarketresearch.com/purchase-enquiry/1819

๐—ž๐—ฒ๐˜† ๐—•๐—ฒ๐—ป๐—ฒ๐—ณ๐—ถ๐˜๐˜€ ๐—™๐—ผ๐—ฟ ๐—ฆ๐˜๐—ฎ๐—ธ๐—ฒ๐—ต๐—ผ๐—น๐—ฑ๐—ฒ๐—ฟ๐˜€

The report provides an in-depth analysis and furfural market forecast along with the current and future market trends.
This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
Porter's five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the furfural industry for strategy building.
A comprehensive analysis of the factors that drive and restrain the furfural market growth is provided.
The qualitative data in this report aims on furfural market trends, dynamics, and developments.
The furfural market size is provided in terms of revenue.
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable furfural market share.

๐—™๐˜‚๐—น๐—น ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฆ๐˜‚๐—บ๐—บ๐—ฎ๐—ฟ๐˜†: https://www.alliedmarketresearch.com/furfural-market

๐—ž๐—ฒ๐˜† ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฃ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€:
The report profiles key players operating in the furfural market, including 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., and Tieling North Furfural (Group) Co.

๐—ฅ๐—ฒ๐—น๐—ฎ๐˜๐—ฒ๐—ฑ ๐—Ÿ๐—ถ๐—ป๐—ธ๐˜€:

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

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:

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.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜:

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
๐—ช๐—ฒ๐—ฏ: www.alliedmarketresearch.com

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