The Global Furfuryl Alcohol Market Is Projected to Grow at A CAGR of 6.50% During the Forecast Period

The Global Furfuryl Alcohol Market is estimated to exhibit a CAGR of 6.50% during the forecast period of 2022-2029. Increasing demand for optical devices by almost every end user industry especially in the developing economies such as India and China, growing use of furfuryl alcohol by a wide range of end user verticals such as foundry, paint and coatings, pharmaceuticals, agriculture, food and beverages are the major factors attributable to the growth of the furfuryl alcohol market.

However, insufficiency in raw material supply owing to the lockdown and restrictions will pose a major challenge to the growth of the market.

Global Furfuryl Alcohol Market

According to Data Bridge Market Research, the furfuryl alcohol market will exhibit a significant rise in its market value. Rise in demand by foundry sector especially from China coupled with growing application in butadiene, naptane and other lubricants, growth in the buildings and constructions activities coupled with surge in the technological advancements in industrial chemical manufacturing process will further carve the way for the growth of the market.

Currently, Asia-Pacific will dominate the global furfuryl alcohol market owing to the consistent sales in the number of automobiles. Asia-Pacific will continue to undergo substantial gains during this period owing to the growth and expansion of end user verticals in this region, abundant availability of raw materials and surging urbanization and construction of smart cities.

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Scope of the Furfuryl Alcohol Market

The global furfuryl alcohol market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of furfuryl alcohol market is further analysed based on maximum granularity into further segmentation. The market is also segmented on the basis of raw material into corncobs, rice hulls, cotton hulls, sugarcane bagasse and others. On the basis of application, the furfuryl alcohol market is segmented into resins, solvents, plastics, adhesives, corrosion inhibitors, polymers, wetting agent and others. On the basis of end user industry, the furfuryl alcohol market is segmented into foundry, paint and coatings, pharmaceuticals, agriculture, food and beverages and others.
  • Also known as 2-furylmethanol or 2-furancarbinol, furfuryl alcohol is an organic compound that is colourless or pale yellow in appearance having a chemical formula of C4H3OCH2OH. In its chemical composition, the furfuryl alcohol compound is extremely reactive owing to its thermal decomposition properties.

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Key Pointers Covered in the Furfuryl Alcohol Market Industry Trends and Forecast to 2028

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in Furfuryl Alcohol Market report

  • DynaChem South Africa (Pty) Ltd.
  •  The Chemical Company
  •  Dow
  •  BASF SE
  •  Pennakem, LLC
  •  Nova Molecular Technologies.
  •  Continental Industries Group, Inc..
  •  SolvChem.
  •  Neuchem.
  •  Novasynorganics.
  •  International Process Plants
  •  TransFurans Chemicals bvba
  •  Illovo Sugar Africa Proprietary Limited
  •  Linzi Organic Chemical Inc. Ltd.
  •  DalinYebo
  •  Hebeichem
  •  Silvateam S.p.a.
  •  Shandong Crownchem Industries Co., Ltd
  •  Furnova Polymers Ltd

Above are the key players covered in the report, to know about more and exhaustive list of furfuryl alcohol market companies contact,

Research Methodology: Global Furfuryl Alcohol Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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