Press release
Global Furfural Market to Surpass $2.0 billion by 2027, Driven by 6.9% CAGR Growth from 2020 to 2027
Furfural Market
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The global furfural market based on raw material, the rice husk segment accounted for the highest share in 2019, accounting for nearly three-fifths of the total revenue, and is expected to maintain its lead position during the forecast period. Moreover, this segment is estimated to portray the highest CAGR of 7.2% from 2020 to 2027. The report also analyzes segments including corn cob, sugar bagasse, and others.
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.
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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.
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.
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Key Benefits For Stakeholders
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.
Full Report Summary: https://www.alliedmarketresearch.com/furfural-market
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
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