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Furfural Market Set for Strong Growth, Estimated at USD 1,071.85 Million by 2032 with a 6.9% CAGR

01-22-2025 06:56 AM CET | Chemicals & Materials

Press release from: Polaris Market Research & Consulting

Furfural Market Set for Strong Growth, Estimated at USD 1,071.85

๐…๐ฎ๐ซ๐Ÿ๐ฎ๐ซ๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The furfural market was projected to be valued at USD 591.43 million in 2023. The market is anticipated to rise from USD 629.93 million in 2024 to USD 1,071.85 million in 2032 at a compound annual growth rate (CAGR) of 6.9%.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

Furfural is a colorless, oily liquid with a chemical formula of C4H3OCHO. It's a renewable organic compound that's used as a solvent in the production of plastics and as a potential biofuel. Furfural is produced by dehydrating sugars from agricultural byproducts like corncobs, oat hulls, and sawdust. The process involves treating the biomass with strong acids. Furfural is used as a solvent in petroleum refining, to produce phenolic resins, plastics, and furan derivatives, and also a potential platform for producing biofuels and biochemicals. Furfural can be toxic if inhaled, absorbed through the skin, or ingested. Exposure to furfural can occur during its production and use, and from the combustion of wood and coal.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/furfural-market/request-for-sample

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐จ๐ฆ๐จ๐ญ๐ž๐ซ๐ฌ:

โ€ข Since biofuels are made using furfural as a feedstock, the ongoing rise of biofuels is going to promote market growth.
โ€ข The need for biofuels is anticipated to rise as governments worldwide place more emphasis on lowering their reliance on fossil fuels, which will propel the market for furfural to expand.
โ€ข The market is expanding due to its increasing application in agriculture.
โ€ข The market is anticipated to increase as furfural is a raw material used to make a variety of chemicals, including solvents, adhesives, and resins.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The furfural market is characterized by a diverse set of regional and international rivals fighting for market supremacy through geographic expansion, strategic partnerships, and innovation. Some of the key players in the market are:

โ€ข Illovo Sugar Africa
โ€ข Linzi Organic Chemical
โ€ข TransFurans Chemicals bvba
โ€ข Central Romana Corporation
โ€ข DalinYebo; Hebeichem
โ€ข KRBL
โ€ข Silva team S.p.a
โ€ข LENZING AG

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž:
https://www.polarismarketresearch.com/industry-analysis/furfural-market/inquire-before-buying

๐…๐ฎ๐ซ๐Ÿ๐ฎ๐ซ๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โ€ข The Chinese batch process is anticipated to grow due to its advantages such as low cost, high efficiency, and the ability to use a wide range of raw materials.
โ€ข The Corn Cob segment accounted for the higher growth rate owing to its benefits such as abundant, renewable, and low-cost feedstock.
โ€ข Furfuryl alcohol is projected to experience a significant growth rate as it is a key derivative of furfuryl and is used in a variety of industrial applications.
โ€ข Refineries segment is anticipated to grow at a higher rate owing to the increasing demand for fuel additives and growing use of furfural in the production of xylene.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

๐…๐ฎ๐ซ๐Ÿ๐ฎ๐ซ๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐Ž๐‚:

๐Ÿ. ๐†๐ฅ๐จ๐›๐š๐ฅ ๐…๐ฎ๐ซ๐Ÿ๐ฎ๐ซ๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
1. Furfural - Industry Snapshot
2. Furfural Market Dynamics
1. Drivers and Opportunities
1. Increasing Demand For Furfuryl Alcohol
2. Growth In Foundry Industry
2. Restraints and Challenges
1. Fluctuating Raw Material Prices
3. Porter's Five Forces Analysis
1. Bargaining Power of Suppliers (Moderate)
2. Threats of New Entrants: (Low)
3. Bargaining Power of Buyers (Moderate)
4. Threat of Substitute (Moderate)
5. Rivalry among existing firms (High)
4. PESTLE Analysis
5. Furfural Industry Trends
6. Value Chain Analysis
7. COVID-19 Impact Analysis

๐Ÿ. ๐†๐ฅ๐จ๐›๐š๐ฅ ๐…๐ฎ๐ซ๐Ÿ๐ฎ๐ซ๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ, ๐›๐ฒ ๐๐ซ๐จ๐œ๐ž๐ฌ๐ฌ
1. Key Findings
2. Introduction
1. Global Furfural Market, by Process, 2019-2032 (USD Million)
3. Quaker Batch Process
1. Global Furfural Market, by Quaker Batch Process, by Region, 2019-2032 (USD Million)
4. Chinese Batch Process
1. Global Furfural Market, by Chinese Batch Process, by Region, 2019-2032 (USD Million)
5. Rosenlew Continuous Process
1. Global Furfural Market, by Rosenlew Continuous Process, by Region, 2019-2032 (USD Million)

๐Ÿ‘. ๐†๐ฅ๐จ๐›๐š๐ฅ ๐…๐ฎ๐ซ๐Ÿ๐ฎ๐ซ๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ, ๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง
1. Key Findings
2. Introduction
1. Global Furfural Market, by Application, 2019-2032 (USD Million)
3. Furfuryl Alcohol
1. Global Furfural Market, by Furfuryl Alcohol, by Region, 2019-2032 (USD Million)
4. Solvent
1. Global Furfural Market, by Solvent, by Region, 2019-2032 (USD Million)
5. Intermediate
1. Global Furfural Market, by Intermediate, by Region, 2019-2032 (USD Million)

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐“๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/furfural-market/toc

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

โ€ข The segmentation of the market based on the process is done as Chinese batch process, Quaker batch process, and Rosenlew continuous process.
โ€ข Based on raw material, the furfural market is segmented into sugarcane bagasse, corn cob, rice husk, and sunflower hull.
โ€ข Corn cob is predicted to grow at the fastest rate over the forecast period as it is a low-cost feedstock for furfural production, which helps to maintain furfural prices competitive and attractive to manufacturers.
โ€ข The market segmentation based on application is done as a solvent, furfuryl alcohol, and intermediate.
โ€ข In 2022, furfuryl alcohol held the largest market share due to the growing demand for the substance in a variety of applications, including solvents, binders, and resins.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:.

Chemical Vapor Deposition Market:
https://www.polarismarketresearch.com/industry-analysis/chemical-vapor-deposition-cvd-market

Bio-Plasticizers Market:
https://www.polarismarketresearch.com/industry-analysis/bio-plasticizers-market

Benzene Market:
https://www.polarismarketresearch.com/industry-analysis/benzene-market

Biodegradable Packaging Market:
https://www.polarismarketresearch.com/industry-analysis/biodegradable-packaging-market

Printing Inks Market:
https://www.polarismarketresearch.com/industry-analysis/printing-inks-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก & ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐ˆ๐ง๐œ:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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