Global Furfural Market Growth: Factors You Need to Know
Rahul Salunkhe
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A comprehensive historical analysis of the global market for Furfural has been thoroughly analyzed in this report. It offers data and insights from 2019-2022 and provides extensive market forecasts for 2023 and 2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Furfural market.
The Global Furfural Market Size is anticipated to exceed USD 1162.5 million by 2033, growing at a CAGR of 6.92% from 2023 to 2033.
The report includes growth prospects in the global Furfural market by type, application, subsegment, and region. QMI has compiled a comprehensive, detailed research report to offer insights. The report details consumption in the Chemicals and materials and other sectors. Regional coverage spans North America, Europe, and the rest of the world, including Asia Pacific.
The furfural market refers to the chemical industry that emphasizes using renewable resources and sustainability. Furfural is a green bio-based, colorless, oily chemical compound derived from biomass including corncobs, wheat bran, and sawdust that contain lignocellulose. In the industrial setting, it can be used to recover wax and extract unsaturated chemicals from vegetable oils and aromatics from diesel fuels and lubricating oils. Phenolic resins are also produced using furfural that offers thermosetting and physical resistance properties. Further, it is used as a food flavoring, fragrance in personal care products, and solvent in petrochemical refining to extract dienes from hydrocarbons. Additionally, it is used as wood modification, gasoline additives, jet fuel blend stocks, insecticides, fertilizers, and an all-weather runway and pothole repair method for bomb-damaged runways. In addition, it is used worldwide in the paint and coating, pharmaceutical, food and beverage, and agricultural sectors. The high demand for furfural in the textile industry is providing a lucrative market opportunity for furfural.
Leading players of Furfural include:
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Market split by Segement can be divided into:
By?Process
By?Raw Material ?
By?Application? ?
Market segment by Region/Country including:
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In June 2023,?Carbon negative materials company Origin Materials announced that it had commenced the startup of Origin 1, the world’s first commercial CMF plant, located in Sarnia, Ontario.
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What's?covered in the report?
Reasons to buy this Market Report:
1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Furfural market.
2. Use the SWOT analysis to determine the competitive intensity and attractiveness of the emerging Furfural Industry.
3. Leading company profiles reveal details of key Furfural market players' emerging five operations and financial performance.
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4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Furfural market with five-year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe, and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Furfural market over the upcoming seven years
7. Accurate estimation of the global Furfural market size
8. Exact estimations of the upcoming trends and changes observed in consumer behavior
9. Growth of the global Furfural market across North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Furfural market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis various vendors
12. Furnishing detailed information on the factors that will restrain the growth of the Furfural market
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