Furfural Market is a tailor-made research service which includes accurate and high quality research data of the present market scenario and forecast of the industry. With the complete analysis of the market, the report is equipped to address the detailed study of market share, growth, trends, and forecast for the period of 2017-2024. Further, the report also features complete assessment of the market segments and regions. However, this complete research solution helps the marketer to make a decision with better clarity and confidence and one can optimize their brand strategy choices and minimize the risk of failure.
The report on global furfural market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research done by the analysts. The study extensively provides the market share, growth, trends and forecasts for the period 2017–2024. The market size in terms of volume (KT) and revenue (USD MN) is calculated for the study period along with the details of the factors affecting the market growth (drivers and restraints).
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The report classifies the market into different segments based on application. These segments are studied in detail incorporating the market estimates and forecasts at regional and country level. The segment analysis is useful in understanding the growth areas and probable opportunities of the market.
A glimpse of the major drivers and restraints affecting this market is mentioned below:
Drivers
– Environmental awareness to replace fossil resources with renewable alternatives
– Increasing applications in various end user industries
– Growing demand for furfural in pharmaceuticals industry
Restraints
– Inefficient production process leading to low yield and high product cost
The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved. The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
Major player assessed in the report are:
– Arcoy Biorefinery Pvt. Ltd.
– Central Romana Corporation, Ltd.
– Hongye Holding Group Corporation Ltd.
– Illovo Sugar Ltd.
– KRBL Ltd.
– Lenzing AG
– Linzi Organic Chemicals Inc. Ltd.
– Others
Geographically, this market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Segmentations In The Report:
By Applications:
– Furfuryl Alcohol
– Solvents
– Pharmaceuticals
– Chemical Intermediates
– Others (Flavors & Fragrance, Herbicides, Pesticides, etc.)
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