Research to Claim USD 1089.3 Mn for Furfural Market by 2026

The global Furfural market was valued at US$ 771.2 million in 2019 and is expected to reach US$ 1089.3 million by the end of 2026, growing at a CAGR of 5.0% during 2021-2026.

Furfural is an aldehyde that is furan with the hydrogen at position 2 substituted by a formyl group. It has a role as a Maillard reaction product and a metabolite. It is a member of furans and an aldehyde.

Furfural is an organic compound that is obtained from various agricultural byproducts such as corncobs, oat, wheat bran, and sawdust. Outside of China, demand for furfural is relatively small, with little change expected. In the United States, there has been some downturn in furfuryl alcohol use in castings because of the downturn in the oil and gas business. In Western Europe, demand for furfuryl alcohol is expected to increase only slightly in the near future.

Global Furfural Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Furfural Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Hongye Chemical, Lenzing, Penn A Kem, Central Romana, Illovo Sugar, Zhongkang, Hebei Xingtai Chunlei, Silvateam, Shijiazhuang Guangxin Weiye, Zhucheng Taisheng Chemical, Zibo Huaao Chemical, Henan Huilong Chemical, Pingquan Fengsheng Chemical and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-furfural-market-research-report

Segment by Type

  • Purity 99%
  • Purity 98.5%
  • Others

Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest

Segment by Application

  • Furfural Alcohol
  • Solvent
  • Others

The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share

Table of Content:

1 Furfural Market Overview

2 Furfural Market Competition by Manufacturers

3 Furfural Retrospective Market Scenario by Region

4 Global Furfural Historic Market Analysis by Type

5 Global Furfural Historic Market Analysis by Application

6 Key Companies Profiled

7 Furfural Manufacturing Cost Analysis

8 Marketing Channel, Distributors and Customers

9 Furfural Market Dynamics

10 Global Furfural Market Forecast

11 Research Finding and Conclusion

12 Methodology and Data Source

Media Contact

Company Name: The Market Reports

Contact Person: Shirish Gupta

Email: sales@themarketreports.com

Phone: +1-631-407-1315

Leave a Reply

Your email address will not be published. Required fields are marked *