Wed. Sep 22nd, 2021

According to IMARC Group’s latest report, titled “Furfuryl Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global furfuryl alcohol market grew at a CAGR of around 3% during 2015-2020. Furfuryl alcohol (C5H6O2) is a pale yellow or colorless organic compound primarily obtained from waste biomass, such as rice hulls, corncobs, sugarcane bagasse, etc. It can be manufactured by the catalytic reduction of furfuryl using nickel and copper chromium oxide or continuous vapor-phase hydrogenation of furfural. Furfuryl alcohol finds extensive application as a solvent in making dark corrosion-resistant resins that turns amber to black in the air. It can also be used for paint-removing cleaning purposes. Currently, furfuryl alcohol is widely adopted as a flavoring agent in the food and beverages (F&B) industry.

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The expanding construction sector is primarily driving the demand for furfuryl alcohol across the globe. Furthermore, it is utilized as a filler in the production of textiles, paints, plastics, etc., and as a binding agent for sand and other related products. Additionally, furfuryl alcohol is also used in surface treatments of metals, corrosion inhibitors, hardening agents, rust inhibitors, polishing agents, water repellants, etc., thereby propelling the market growth. Apart from this, the rising product adoption for manufacturing roasters, paper plates, cutlery, etc., is further augmenting the market growth. Moreover, the increasing environmental concerns are also catalyzing the demand for furfuryl alcohol obtained from hydrolyzed biomass waste, which is expected to bolster the global market in the coming years. Looking forward, IMARC Group expects the global furfuryl alcohol market to continue its moderate growth during the next five years.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • DalinYebo
  • Furnova Polymers Ltd
  • Hebei Xingtai Chunlei Furfuryl Alcohol Co. Ltd.
  • Hongye Holding Group Corporation Limited
  • Illovo Sugar Africa (PTY) Ltd (Associated British Foods plc (ABF))
  • NC Nature Chemicals Dr. Kruppa GmbH
  • Pennakem LLC
  • Shandong Crownchem Industries Co. Ltd.
  • Silvateam S.p.a.
  • TransFurans Chemicals bvba
  • Xian Welldon Trading Co. Ltd.

Market Segmentation:

Breakup by Application:

  • Resins
  • Solvent
  • Corrosion Inhibitors
  • Others

Breakup by End Use Industry:

  • Foundry
  • Agriculture
  • Paints and Coatings
  • Pharmaceuticals
  • Food and Beverages
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Ask Analyst for Customization and Explore full report with TOC & List of Figureshttps://www.imarcgroup.com/furfuryl-alcohol-market

We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Reports by IMARC Group:

Europe Soda Ash Market: https://www.imarcgroup.com/europe-soda-ash-market

United States Soda Ash Market: https://www.imarcgroup.com/united-states-soda-ash-market

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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By Asrmamm

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