Global Furfural market report from Global Insight Services is the single authoritative source of intelligence on Furfural market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. 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
Furfural is an important organic compound with a wide range of applications in the chemical industry. It is used as a solvent, as a starting material for the synthesis of other chemicals, and as a fuel. However, furfural production is limited by the availability of raw materials and the high cost of production.
The key raw materials for furfural production are corn cobs and rice hulls. These materials are readily available in the United States, but they are relatively expensive. In addition, the process of converting these materials into furfural is energy intensive and emits large amounts of greenhouse gases. As a result, furfural production is not currently viable on a large scale.
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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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