Furfural Market Size, Share, Revenue Opportunity, Competitive Analysis and Forecast 2021-2026
Furfural is a natural, inexhaustible, nonpetroleum-based compound feedstock got from agrarian results. Agrarian buildup, for example, corn cobs, rice husk, sugarcane bagasse, cotton husk, oat husk, almond husk, olive press cake, and others are generally utilized for furfural creation. Furfural is dull or somewhat yellowish synthetic compound, which rapidly obscures when presented to air. Furfural creation movement depends on pentosan-containing deposits which is gotten from handling different farming or woodland items. Furfural is handled in a digester under high tension steam, and is recuperated by steam refining, trailed by water–furfural detachment and refinement.
Global Furfural Market - Trends, COVID-19 impact and Growth Forecasts to 2026
ChemIntel360’s global Furfural market study is a 120+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, and applications perspective. The industry is expected to grow at a CAGR of 3.0% mainly due to increasing consumption of the chemical for the manufacture of low-calorie food items during the forecast period.
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Scope
This study contains global and regional market size data - value and volume. The numbers are broken down by application (Furfuryl Alcohol, Solvent, Intermediate, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Furfural market, which grew from US$X.X million in 2015 to US$X.X million in 2019, dropped marginally to US$540.1 million in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X million and increase to US$X.X million in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X million during the forecast period as compared to US$X.X million during the historical period.
Regional Outlook:
The report gives a point by point outline of the business including both subjective and quantitative data. It gives an outline and figure of the worldwide furfural market dependent on different sections. It additionally gives market size and gauge gauges from the year 2021 to 2026 concerning five significant areas, specifically; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South and Central America.
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Competitive Landscape
The key players operating in the global furfural market are 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.
About Us:
ChemIntel360, part of AgileIntel’s broader research offering, provides an integrated portfolio of quantitative and qualitative research reports on the chemicals sector. Our studies make use of credible market intelligence.
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