Furfural Market 2021 Is Booming Across The Globe By Share, Growth Size, Key Segments And Forecast To 2031 | Arcoy Industries Pvt. Ltd., Central Romana Corporation, Ltd., Hongye Holding Group Corporation

Posted on 2022-07-15 by Sandeep in Industrial // 0 Comments

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New York, 2022-Jul-15 — /EPR Network/ — According to a new market research report published by Global Insight Services “Furfural Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Furfural is an organic compound derived from corn cobs. It is used as a building block for many products, including plastics, resins, and adhesives. It is also a key ingredient in the production of furan, a versatile polymer used in a variety of applications.

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Key Trends

The key trends in furfural technology are:

– Increasing use of furfural as a renewable feedstock for the production of chemicals and fuels

– Development of new processes for the production of furfural from biomass

– Increasing investment in furfural production facilities

– Expansion of the global furfural market

Key Drivers

The key drivers of the Furfural market are the rapid growth in the demand for bio-based chemicals and the increasing preference for renewable feedstock. Furfural is a bio-based chemical that is derived from biomass, such as corn cobs and sugar cane bagasse. It is used as a raw material in the production of a variety of chemicals, including furan, which is used in the production of plastics, resins, and adhesives. The demand for furfural has been growing at a rapid pace in recent years, driven by the increasing preference for renewable feedstock and the need for more environmentally friendly products.

Market Segments

The Furfural Market is segmented by raw material, application, end user, and region. By raw material, the market is divided corn cobs, rice husk, sugarcane bagasse, and others. The application segment is categorized into furfuryl alcohol, solvent, and others. By end user, the market is classified into petroleum refineries, agricultural formulations, paints & coatings, pharmaceuticals, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Furfural Market includes players such as 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 and Tieling North Furfural (Group) Co. Ltd.

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Reasons to buy Furfural Market Report:

• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Key Trends

Key Drivers

Market Segments

Key Players

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