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

𝐅𝐮𝐫𝐟𝐮𝐫𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭:

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%.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

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.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/furfural-market/request-for-sample

𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐫𝐨𝐦𝐨𝐭𝐞𝐫𝐬:

• Since biofuels are made using furfural as a feedstock, the ongoing rise of biofuels is going to promote market growth.
• 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.
• The market is expanding due to its increasing application in agriculture.
• The market is anticipated to increase as furfural is a raw material used to make a variety of chemicals, including solvents, adhesives, and resins.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:

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:

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

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/furfural-market/inquire-before-buying

𝐅𝐮𝐫𝐟𝐮𝐫𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

• 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.
• The Corn Cob segment accounted for the higher growth rate owing to its benefits such as abundant, renewable, and low-cost feedstock.
• 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.
• 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.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

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)

𝐅𝐮𝐫𝐟𝐮𝐫𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐎𝐂:

𝟏. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐮𝐫𝐟𝐮𝐫𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
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

𝟐. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐮𝐫𝐟𝐮𝐫𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐏𝐫𝐨𝐜𝐞𝐬𝐬
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)

𝟑. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐮𝐫𝐟𝐮𝐫𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
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)

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/furfural-market/toc

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

• The segmentation of the market based on the process is done as Chinese batch process, Quaker batch process, and Rosenlew continuous process.
• Based on raw material, the furfural market is segmented into sugarcane bagasse, corn cob, rice husk, and sunflower hull.
• 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.
• The market segmentation based on application is done as a solvent, furfuryl alcohol, and intermediate.
• 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.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:.

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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

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