Furfuryl Alcohol Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
Furfuryl alcohol is an organic compound containing furan that is substituted with a hydroxymethyl group. It is also known as 2-furylmethanol or 2-furancarbinol and is colorless or pale yellow in color. Furfuryl alcohol is categorized under a biopolymer that is obtained from eco-friendly sources. It is manufactured by the catalytic reduction of furfuran. The raw materials for it are obtained from corn cobs, sugarcane bagasse, wheat bran, and oats. It is used in a wide range of applications such as foundry resins, wetting agents and adhesives.
MARKET DYNAMICS
The increase in demand for furfuryl alcohol in the production of furan resins and solvents drives the growth of the furfuryl alcohol market. Besides this, the use of furfuryl alcohol in rubber, pesticide, and synthetic applications also drives the market growth. However, price fluctuations of feedstock required in the production of 2-hydroxymethyl furan restrict the demand for the furfuryl market. The use of furfuryl alcohol in the production of carbon materials and nano composites is expected to bolster well the demand for furfuryl alcohol market in the near future.
MARKET SCOPE
The "Global Furfuryl Alcohol Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the furfuryl alcohol market with detailed market segmentation by application, source type, end use and geography. The global furfuryl alcohol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading furfuryl alcohol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global furfuryl alcohol market is segmented on the basis of application, source type and end use. On the basis of application, the furfuryl alcohol market is segmented into corrosion inhibitor, foundry resin, solvents and others. As per source type the market is classified into corn cub raw material, sugarcane bagasse raw material and others. Based on end use the market is bifurcated into foundry, agriculture, pharmaceuticals, food & beverages and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global furfuryl alcohol market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The furfuryl alcohol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the furfuryl alcohol market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the furfuryl alcohol market in these regions.
By Application
By Source Type
By End Use
MARKET PLAYERS
The reports cover key developments in the furfuryl alcohol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from furfuryl alcohol market are anticipated to lucrative growth opportunities in the future with the rising demand for furfuryl alcohol market in the global market. Below mentioned is the list of few companies engaged in the furfuryl alcohol market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the furfuryl alcohol market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Furfuryl alcohol is an organic compound containing furan that is substituted with a hydroxymethyl group. It is also known as 2-furylmethanol or 2-furancarbinol and is colorless or pale yellow in color. Furfuryl alcohol is categorized under a biopolymer that is obtained from eco-friendly sources. It is manufactured by the catalytic reduction of furfuran. The raw materials for it are obtained from corn cobs, sugarcane bagasse, wheat bran, and oats. It is used in a wide range of applications such as foundry resins, wetting agents and adhesives.
MARKET DYNAMICS
The increase in demand for furfuryl alcohol in the production of furan resins and solvents drives the growth of the furfuryl alcohol market. Besides this, the use of furfuryl alcohol in rubber, pesticide, and synthetic applications also drives the market growth. However, price fluctuations of feedstock required in the production of 2-hydroxymethyl furan restrict the demand for the furfuryl market. The use of furfuryl alcohol in the production of carbon materials and nano composites is expected to bolster well the demand for furfuryl alcohol market in the near future.
MARKET SCOPE
The "Global Furfuryl Alcohol Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the furfuryl alcohol market with detailed market segmentation by application, source type, end use and geography. The global furfuryl alcohol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading furfuryl alcohol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global furfuryl alcohol market is segmented on the basis of application, source type and end use. On the basis of application, the furfuryl alcohol market is segmented into corrosion inhibitor, foundry resin, solvents and others. As per source type the market is classified into corn cub raw material, sugarcane bagasse raw material and others. Based on end use the market is bifurcated into foundry, agriculture, pharmaceuticals, food & beverages and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global furfuryl alcohol market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The furfuryl alcohol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the furfuryl alcohol market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the furfuryl alcohol market in these regions.
Furfuryl Alcohol Market Report Analysis
Furfuryl Alcohol Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Aurus Speciality Company Limited
- DynaChem Incorporated
- Illovo Sugar PTY Ltd
- International Furan Chemicals B V
- Penn A Kem LLC
- Shandong Crownchem Industries Co Ltd
- Silvateam S p A
- TransFurans Chemicals bvba
- Xingtai Chunlei Furfuryl Alcohol Co Ltd
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Application
- Corrosion Inhibitor
- Foundry Resin
- Solvents
- Others.
By Source Type
- Corn Cub Raw Material
- Sugarcane Bagasse Raw Material
- Others
By End Use
- Foundry
- Agriculture
- Pharmaceuticals
- Food and Beverages
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The reports cover key developments in the furfuryl alcohol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from furfuryl alcohol market are anticipated to lucrative growth opportunities in the future with the rising demand for furfuryl alcohol market in the global market. Below mentioned is the list of few companies engaged in the furfuryl alcohol market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the furfuryl alcohol market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aurus Speciality Company Limited
- DynaChem Incorporated
- Illovo Sugar (PTY) Ltd
- International Furan Chemicals B.V.
- Penn A Kem LLC
- Shandong Crownchem Industries Co., Ltd
- Silvateam S.p.A.
- TransFurans Chemicals bvba
- Xingtai Chunlei Furfuryl Alcohol Co., Ltd.
- Zhucheng Taisheng Chemical Co., Ltd.
Furfuryl Alcohol Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1. Aurus Speciality Company Limited
2. DynaChem Incorporated
3. Illovo Sugar (PTY) Ltd.
4. International Furan Chemicals B.V.
5. Penn A Kem LLC
6. Shandong Crownchem Industries Co., Ltd
7. Silvateam S.p.A.
8. TransFurans Chemicals bvba
9. Xingtai Chunlei Furfuryl Alcohol Co., Ltd.
10. Zhucheng Taisheng Chemical Co., Ltd.
1. Aurus Speciality Company Limited
2. DynaChem Incorporated
3. Illovo Sugar (PTY) Ltd.
4. International Furan Chemicals B.V.
5. Penn A Kem LLC
6. Shandong Crownchem Industries Co., Ltd
7. Silvateam S.p.A.
8. TransFurans Chemicals bvba
9. Xingtai Chunlei Furfuryl Alcohol Co., Ltd.
10. Zhucheng Taisheng Chemical Co., Ltd.
Get Free Sample For