U.S (New York)– The “Furfural Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The global furfural market size was valued at $1.2 billion in 2019 and is anticipated to generate $2.0 billion by 2027. The market is projected to experience growth at a CAGR of 6.9% from 2020 to 2027. Furfural is an organic, renewable, nonpetroleum-based chemical feedstock derived from agricultural by-products such as corn cobs, rice husk, sugarcane bagasse, cotton husk, oat husk, almond husk, olive press cake, and others. It is colorless or a little yellowish chemical compound, which quickly darkens when exposed to air. Furfural manufacturing activity is based on pentosan-containing residues, obtained from the processing of various agricultural or forest products. Furfural is processed in a digester under high-pressure steam, and is recovered by steam distillation, followed by water-furfural separation and purification.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=AMR895
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Furfural provides superior and remarkable properties such as corrosion resistance, thermosetting properties, and physical resistance, which makes it suitable for the production of resins. Furfural as a solvent is used for refining lubricating oils and decolorizing agents. It is also used in purification of C4 and C5 hydrocarbons; as a reactive solvent and good wetting agent; and as a unique chemical feedstock for other furan derivatives. Moreover, furfural is used as herbicides & pesticides; in the production of synthetic materials and plastics; as additive fuel for rockets; in the production of an inert polymer concrete; as a solvent for cellulose esters; in the production of perfumes and to accelerate the production of rubber tires.
There is an increase in the consumption of furfural in India, China, Indonesia, and Malaysia, owing to the increase in demand for green chemical, environmental awareness to renewable alternatives, and availability of agro products & wastes in these countries. Supportive environmental regulations from agencies such as Environmental Protection Agency (EPA) of the U.S. and Registration Evaluation Authorization and Restriction of Chemicals (REACH) of Europe, concerning the development of bio-based products is also expected to have a positive impact on the global furfural market growth during the forecast period.
Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=AMR895
The furfural market is segmented into raw material, application, end user, and region. By raw material, the market is divided into corn cobs, rice husk, sugarcane bagasse, and others (including almond husk, cotton husk, and oat husk). By application, the market is classified into furfuryl alcohol and solvents. Furfural alcohol is a dominant product segment due to its low viscosity & high reactivity, outstanding chemical, mechanical, & thermal properties. This has led to increase in adoption of furfuryl alcohol in various chemical products such as foundry resins, adhesives, and wetting agents. By end user, the market is categorized into petroleum refineries, agricultural formulations, paints & coatings, pharmaceuticals, and others, which includes textile, foundry metal casting, perfume, and food & beverage industry.
Region-wise the furfural market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa). In 2019, China accounted for $1,328.0 million of the global furfural market. In addition, it has emerged as the key contributor to the consumption of furfural in Asia-Pacific region, and is expected to maintain its dominance during the forecast period. Raw materials such as corn cobs, rice husk, sugarcane bagasse, cotton husk, almond husk, and other agro-based products & wastes are widely available in the developing countries such as India, China, Indonesia, and Malaysia. This is expected to boost the furfural market growth in Asia-Pacific during
the forecast period.
KEY BENEFITS FOR STAKEHOLDERS
– The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the furfural market from 2019 to 2027 to determine the prevailing opportunities
– Comprehensive analysis of factors that drive and restrict furfural market growth is provided
– The furfural market forecast and estimations are based on factors impacting the market growth, in terms of value
– Profiles of leading players operating in the furfural market are provided to understand the global competitive scenario
– The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable furfural market share
– The furfural market size is provided in terms of revenue
– The report provides an in-depth analysis of the forecast along with the current and future furfural market trends
Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=AMR895
Key Players
o Arcoy Industries Pvt. Ltd.
o Central Romana Corporation, Ltd.
o Hongye Holding Group Corporation
o Illovo Group
o KRBL Ltd.
o Lenzing AG
o Penn A Kem LLC
o Silvateam
o Tanin Sevnica d.d
o Tieling North Furfural (Group) Co. Ltd
KEY MARKET SEGMENTS
By Raw Material
– Corn Cobs
– Rice Husk
– Sugarcane Bagasse
– Others
You Can Browse The Request Full Report here: https://reportocean.com/industry-verticals/sample-request?report_id=AMR895
By Application
– Furfuryl Alcohol
– Solvent
– Others
By End User
– Petroleum Refineries
– Agricultural Formulations
– Pharmaceuticals
– Paints & Coatings
– Others
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o South Africa
o Saudi Arabia
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Frequently Asked Questions: –
What form of belongings and techniques do you use?
- We use files from the demand and furnish aspect and paid databases.
- Our report mentions all the sources and techniques used to accumulate files and information.
Can I get archives from a special area or geographic area?
- Yes, we furnish country-specific facts in opinions and personalized formats.
- In our report, we cowl most essential worldwide places and regions.
- However, if a precise area is required, we will happily furnish the information that you need.
Do you provide market share records for a specific country/region?
- Yes, we will assume about the scope to furnish market share information and insights.
- This company is section of a personalized requirement.
Do you provide after-sales support?
- Yes, we will furnish a quantity of hours of analyst assist to get to the bottom of your problem.
- Please contact our profits marketing consultant and will time desk a meeting with our analyst.
Do you promote a specific area of the report?
- Yes, we grant precise sections of the report.
- Please contact our profits representative.
What if the file I want is no longer listed in the document repository?
- The Stratagem Market Insights encompass a database of opinions on a wide variety of industries, on the other hand no longer all opinions are listed on the website.
- Please contact our profits crew in accordance to your requirements.
What choices can I use before than shopping for the report?
- We furnish consumers with centered and particular objective-based research.
- You can contact an analyst for a product overview to get an opinion.
- You can use your personalized requirements and we will grant you with the high-quality features.
Are you now not successful to find out what exactly you are looking for?
- The scope can additionally no longer be covered.
- If it is notably based totally on your special neighborhood of interest, we can customize your requirements and consist of them into the search for framework at any time, and supply you with customized evaluations in accordance to your authentic situation.
Request full Report : https://reportocean.com/industry-verticals/sample-request?report_id=AMR895
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1888 212 3539 (US – TOLL FREE)
Website: https://reportocean.com