The Global Furfural Market Report 2023 gives the technical and financial data of the market for the present and the foreseeable future. This report is one of the most thorough and significant additions to the Astute Analytica market research archive. It provides a thorough investigation and analysis of important facets of the world market. The supply and demand scenario, pricing set-up, profit margins, production, and market analysis are all examined in this study as major driving forces behind the worldwide Furfural Market expansion.
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The report incorporates both qualitative and quantitative evaluations from subject-matter experts and representatives across various industries along the supply chain. It highlights the expected compound annual growth rate (CAGR) of the global keyword market during the forecast period from 2023 to 2031.
The report gives a thorough analysis of the global Furfural Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
- Shandong Zibo Baofeng I&E Co.,Ltd.
- Zhongkang Furfural Co., Ltd.
- Shanghai Huiyingtong International Trading Co.,Ltd.
- Arcoy Industries Pvt. Ltd
- Hongye Holding Group Corporation Limited
- Hebeichem
- International Furan Chemicals B.V.
- KRBL
- Lenzing AG
- NC-Nature Chemicals Dr. Kruppa GmbH
- Pennakem
- Silvateam S.p.a.
- Transfuran Chemicals
- Tieling North Furfural (Group) Co. Ltd.
- Zhucheng Taisheng Chemical Co., Ltd.
- Zibo Xinye Chemical Co., Ltd.
- Other Prominent Players
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the global Furfural market includes
By Raw Material:
- Sugarcane Bagasse
- Corncob
- Rice Husk
- Sunflower Hull
- Others
By Application:
- Furfuryl Alcohol
- Solvent
- Resins
- Gasoline Additives
- Fungicides
- Flavor Enhancers
- Decolorizing Agents
- Agricultural Raw Materials
- Others
By End User:
- Petroleum Refineries
- Agricultural Formulations
- Pharmaceuticals
- Paints & Coatings
- Lubricants Industry
- Cement Industry
- Energy Sector
- Adhesives
- Food and Beverages Industry
- Others
By Region:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Rest of the World
- Argentina
- Brazil
- Rest of South America
- GCC
- South Africa
- Rest of MEA
Overall, Astute Analytica’s report on the global Furfural market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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