Furfural Market Analysis

Date: 2016-12

“Furfural is an organic compound derived from agricultural by products such as sawdust, wheat bran, oat, and corn cobs. It is a colourless, oily liquid with an almond-like aroma. It is a natural precursor to furan-based chemicals and has properties such as corrosive resistance, thermosetting properties and physical resistance, which have led to its around 70% contribution to production of resin.
Globally, growing global demand for environmentally sustainable biomass-based chemicals and growing application of furfural and its derivatives in the pharmaceutical industry are the prime growth drivers of furfural market. However, poor performance of the agriculture commodity market, inefficient technological advancement and lack of production process framework are key restraints for furfural market. The major opportunity to the growth of furfural market includes the environmental awareness in regards to usage renewable alternatives as a replacement to fossil resources.
This report identifies the global furfural Market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to furfural market.

Geographically, Asia Pacific dominated global Furfural Market, and is projected to have fastest growth. Furfuryl alcohol had the largest market in 2015 among all applications, whereas the solvents application is expected to grow at a highest CAGR between 2016 and 2022.

This report segments global furfural market on the application, by end-use industry and regional market as follows:
Furfural Market, by application: Furfuryl Alcohol, Solvents, Chemical Intermediates and Others
Furfural Market, by end-use industry: Pharmaceutical, Chemical, Food & Beverages, Automotive, Electronics and Others
This is report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region. The major countries considered under the Asia-Pacific region are India, China, South Korea and Japan. The major countries considered under the European region are Germany, U.K., France, Italy, Spain and Russia. The major countries considered under the North American region are United States, Canada and Mexico.

This report identifies all the major companies operating in the furfural market. Some of the major companies’ profiles in detail are as follows:
Hongye Holding Group Corporation Ltd.
Arcoy Biorefinery Pvt. Ltd.
Xingtai Chunlei Furfuryl Alcohol Co., Ltd.
Tieling North Furfural (Group) Co., Ltd.
Linzi Organic Chemicals Inc.”


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