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.
- Arcoy Industries Pvt. Ltd.
- Central Romana Corporation, Ltd.
- Hongye Holding Group Corporation
- Illovo Group
- KRBL Ltd.
- Lenzing AG
- Penn A Kem LLC
- 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
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