Furfural Market - By Raw Material, Application & End User Industry - Expected to Grow at a CAGR of 11.6% - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Furfural Market" report to their offering.

Furfural Market Report forecasts that the global market is expected to reach $1,434 million by 2022 from $663 million in 2015, with a CAGR of 11.6%. Furfural based on corn cob and sugarcane bagasse raw materials together accounted for half of the market share in 2015, in terms of revenue.

The economic development in emerging economies is expected to boost the demand for furfural during the forecast period; whereas, lack of technological advancements and fluctuating prices of raw materials such as corn cob, rice husk, sugarcane bagasse, and others is expected to hamper the market growth during the forecast period.

Furfuryl alcohol was the dominant application segment, which accounted for four-fifths market share in 2015 and is expected to generate highest revenue during the forecast period. Furfuryl alcohol plays a vital role in the manufacturing of various chemical products, such as foundry resins, adhesives, and wetting agents, owing to the low viscosity & high reactivity, outstanding chemical, mechanical, & thermal properties. Furfural gains increased importance across various end-user industries such as petroleum refineries, pharmaceuticals, paints & coatings, agricultural formulations, and others, which include textile, foundry metal castings, flavors & fragrance.

Companies Mentioned

  • Arcoy Industries Pvt. Ltd.
  • Central Romana Corporation, Ltd.
  • Hongye Holding Group Corporation
  • Illovo Group
  • KRBL Ltd.
  • Lenzing AG
  • Penn A Kem LLC
  • Silvateam
  • Tanin Sevnica d.d
  • Tieling North Furfural (Group) Co. Ltd

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Executive Summary

Chapter 3 Market Overview

Chapter 4 Furfural Market, By Raw Material

Chapter 5 Furfural Market, By Application

Chapter 6 Furfural Market, By End User

Chapter 7 Furfural Market, By Geography

Chapter 8 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/x5b348/furfural_market

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Agrochemicals and Fertilizers, Fragrance, Flavor and Aroma Chemicals

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Agrochemicals and Fertilizers, Fragrance, Flavor and Aroma Chemicals