Furfural Market, 2015 – 2021
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Published By: Zion <strong>Market</strong> Research<br />
<strong>Furfural</strong> <strong>Market</strong> for Solvents, Pharmaceuticals, Furfuryl Alcohol and Other<br />
Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share,<br />
Growth, Segment, Trends and Forecast, 2016 - 2022<br />
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<strong>Furfural</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research has published a new report titled “<strong>Furfural</strong> <strong>Market</strong> for Solvents, Pharmaceuticals,<br />
Furfuryl Alcohol and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast,<br />
2016 <strong>–</strong> 2022.” According to the report, global furfural market was valued at USD 641.8 million in 2016 and is<br />
expected to reach USD 1,200.4 million in 2022, growing at a CAGR of 11.0% between 2017 and 2022.<br />
Request Free Sample copy of Research Report @<br />
https://www.zionmarketresearch.com/sample/furfural-market<br />
<strong>Furfural</strong> is an organic solvent obtained from the renewable feedstock including sawdust, oleoresins, wheat<br />
bran, and sugarcane bagasse. It is a colorless liquid with soft almond odor and high solubility in alkenes. It is<br />
extensively used in refining lubricating oils in industries. The stringent regulations pertaining to sustainability<br />
are a major driver of furfural market across the globe.<br />
Surging demand from the pharmaceutical industry is one of the prime reasons for the growth of the global<br />
furfural market. Increasing consumption of fungicides and pesticides for agriculture in countries of Asia<br />
Pacific is likely to trigger the demand for furfurals over the years to come. Moreover, a shifting trend in<br />
flavors and aromatic food & beverages across the globe is projected to amplify the demand for furfurals at a<br />
significant rate. However, utilization of expensive technologies is expected to curb the growth of the furfural<br />
market. Nevertheless, mounting investments in research & development projects are expected to open new<br />
avenues of opportunities for the global furfural market in the near future.
<strong>Furfural</strong> <strong>Market</strong><br />
Inquire more about this report @ https://www.zionmarketresearch.com/inquiry/furfural-market<br />
Furfuryl alcohol was the foremost application segment of global furfural market in 2016. It accounted for more<br />
than 70% share of the total market in 2016 and is expected to grow at a significant rate within the forecast<br />
period. The increasing demand for furfuryl alcohol in the foundry in the form of binders is expected to amplify<br />
the market size in the coming years. Solvents were the second largest application segment of global furfural<br />
market in 2016. Pharmaceuticals are expected to be the fastest growing application segment within the forecast<br />
period.<br />
With a significant share of the market, Asia Pacific region was the dominant region for furfurals in 2016.<br />
Furthermore, it is expected to grow at a CAGR of 10.2% within the forecast period. China was the chief<br />
contributor to the global furfural market in 2016. It accounted for more than 70% share of the total furfural<br />
production in 2016. Easy availability of raw materials and low cost of production are the prime drivers of the<br />
furfural market in Asia Pacific. Europe was identified as the second largest market for furfurals in the same<br />
year. North America is expected to witness sluggish growth in the coming years. Moreover, Latin America and<br />
the Middle East & Africa are projected to grow at moderate and sluggish rates respectively during the years to<br />
come.<br />
Browse detail report with in-depth TOC @ https://www.zionmarketresearch.com/report/furfuralmarket<br />
Some of the key manufacturers of global furfural market included in the study are Silvateam S.p.A., Nutrafur<br />
S.A., Illovo Sugar Ltd., Central Romana Corp., Arcoy Biorefinery Pvt. Ltd., International Furan Chemicals,<br />
Lenzing AG, Tieling North <strong>Furfural</strong> (Group) Co., Ltd., Penn A Kem LLC and KRBL Ltd among others.
<strong>Furfural</strong> <strong>Market</strong><br />
This report segments the global furfural market as follows:<br />
Global <strong>Furfural</strong> <strong>Market</strong>: Application Analysis<br />
<br />
<br />
<br />
<br />
Solvents<br />
Pharmaceuticals<br />
Furfuryl Alcohol<br />
Others<br />
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Global <strong>Furfural</strong> <strong>Market</strong>: Regional Analysis<br />
<br />
<br />
<br />
<br />
<br />
North America<br />
Europe<br />
Asia Pacific<br />
Latin America<br />
The Middle East & Africa<br />
Browse the full "<strong>Furfural</strong> <strong>Market</strong> for Solvents, Pharmaceuticals, Furfuryl Alcohol and Other<br />
Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth,<br />
Segment, Trends and Forecast, 2016 - 2022" report<br />
at https://www.zionmarketresearch.com/report/furfural-market
<strong>Furfural</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT +49-322 210 92714<br />
Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
Email: sales@zionmarketresearch.com Web: www.zionmarketresearch.com
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