Astute Analytica has recently published a comprehensive report on the Furfural Market, which provides the latest data and insights into the market’s growth prospects and challenges. The report employs various tools, such as constraints and opportunity analysis, to evaluate the potential for new goods and services, helping businesses locate and forecast market opportunities.
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The report also includes a compilation of qualitative and quantitative evaluations made by subject-matter experts in their fields and representatives from various industries found all along the supply chain.
Global furfural market is projected to reach US$ 981.23 Mn by 2031 from US$ 508.4 Mn in 2022 at a CAGR of 8.7% during the forecast period 2023–2031. In terms of volume, the market was valued at 463.1 kilo tons in 2022 and is expected to grow at CAGR of 8.5% over the forecast period.
The report discusses further findings that researchers made based on the comprehensive data and offers information on the state of the market, including kinds and applications based on various nations and important locations. It describes the market’s most active companies in detail, including attributes like corporate portfolio, business strategy, financial overview, recent developments, and industry share.
The leading companies in the Furfural Market include.
- Shandong Zibo Baofeng IE 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 continuously monitors the direct impact of COVID-19, including updates on the Omicron mutation study, on the market, in addition to the indirect influence of related industries. The report contains observations on the impact of the pandemic.
Geographical regions are divided into several major categories for production, consumption, revenue (in US dollars), and market share in this analysis. The report discusses the predicted growth of the market in this region between 2021 and 2031.
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The segmentation overview of the 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 Furfural Market provides a comprehensive and valuable resource for businesses looking to understand the market’s current state and future growth prospects.
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About Astute Analytica:
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They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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