Press release
Furfuryl Alcohol Market size, Industry Analysis Report, Regional Outlook Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Global cement industry is going to experience steady growth in coming years owing to increase in customers investing in residential and non- residential infrastructure projects. Furfuryl alcohol is water miscible and has usage as wetting agent in cement industry. Wetting agent are used in paints & coatings to prevent agglomerate formation. The chemical compound gets absorbed on the pigment surface as spacer. With help of wetting agents, the agglomerate formed are easily separated in individual particle and permanently settles in uniform distribution.
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Pesticides are used to protect crops from diseases and weed. Global pesticide market is expected to grow over 6% in coming years owing to rise in population supported by increasing food & beverages demand. Tetrahydrofurfuryl alcohol (THFA) is used as inert ingredient in pesticide. An inert material is not active but intentionally introduced in pesticide product. Inert material serves as solvent and permitting active ingredient in plant outer surface. It protects pesticides from degradation owing to exposure to sun thus extending pesticide shelf life. The growth in pesticide industry should drive the product demand.
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Global anti- corrosion coating market was valued at over USD 23 billion in 2016 and expected to further grow as corrosion is predicated to contribute heavy financial losses by gradually weakening construction materials. Coating is effective solution to protect material and extend its life. furfuryl mono polymers have exceptional corrosion-resistant property but the coating formed is brittle in nature. To overcome this problem epoxy resins are added to furfuryl alcohol making it tougher, increasing adhesiveness, imparting higher resistance to abrasion and heating properties. It is also applied to pitted and corroded steel to extend its existing life.
North America, driven by U.S. furfuryl alcohol market size may witness steady growth. Increasing consumer spending on renovation and remodelling activities is likely to drive construction industry growth thereby stimulating product demand. Favourable regulatory norms by EPA and FDA regarding product derivatives approval as inert ingredient in pesticides for pre-and post-harvest application may drive regional growth.
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TransFurans Chemicals a leading manufacturer for biomass based chemicals have recently developed furfuryl alcohol from sugarcane for building & construction and wood modification applications. This bio based alcohol is further polymerized to polyfurfuryl alcohol in polymer industry application.
Reasons to Buy This Report:
1. Furfuryl Alcohol Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Furfuryl Alcohol Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
Europe driven by U.K, France & Germany furfuryl alcohol market may witness significant gains due to rising demand in cement, pesticides and anti-corrosion coatings industrial applications. Stringent environmental policy is likely to boost bio polymer production should favour regional industry growth.
The Furfuryl Alcohol Market Report Consists of:
1. Methodology and Scope
2. Executive Summary
3. Furfuryl Alcohol Industry Insights
4. Industry segmentation
5. Industry size, forecast and growth expectations, 2017 - 2024
6. Industry ecosystem analysis Raw material insights
7. Technology insights
8. Regulatory framework
9. Industry dynamics
10. Key growth opportunities
11. Porter's analysis
12. Company market share, 2017
13. PESTEL analysis
14. Regional price trends
15. Furfuryl Alcohol Product Insights
16. Furfuryl Alcohol Application Insights
17.Furfuryl Alcohol Regional Insights
18. Competitor Profiles
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Global furfuryl alcohol market share is moderately fragmented. Key players operating in this industry are TransFurans, Penn A Kem, Dyna Chem, Nova Molecular technologies, SolvChem, SweetLake Chemical, Neu Chem, Novasorganics Romana, International Furan Chemicals and Sugar Illovo.
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