Furfural (CAS 98-01-1) Market by Application (Furfuryl Alcohol, Pharmaceuticals, Food, Fine Chemicals) and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity 2019-2024

Furfural a member of furans and an aldehyde with the formula C4H3OCHO. Furfural is an important organic chemical has applications in oil refining, as a bonding agent in grinding and abrasive wheels, in pharmaceuticals, and the manufacture of phenolic resins. The analysts forecast the global furfural market to exhibit a CAGR of 5.8% during the period 2019-2024. The report covers the present scenario and the growth prospects of the global furfural for 2019-2024. To calculate the market size, the report considers the furfural sales volume and revenue.

The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, and application.

Geographically, the global furfural market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2024.

- North America (U.S., Canada, Mexico, etc.)

- Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)

- Europe (Germany, UK, France, Italy, Russia, Spain, etc.)

- Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)

- South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)

Based on application, the furfural market is segmented into:

- Furfuryl Alcohol

- Pharmaceuticals

- Food

- Fine Chemicals

The report also includes a discussion of the key vendors operating in this market. Some of the leading players in the global furfural market are:

- Aurus Speciality Company. Ltd

- Central Romana Corporation

- Hebei Xingtai Chunlei Furfuryl Alcohol Co., Ltd.

- Henan Huilong Chemical Co., Ltd.

- Hongye Holding Group Corporation Limited

- Illovo Sugar Africa (Pty) Ltd

- Minafin Group (Pennakem LLC)

- Shandong Longxin Chemical Group Co., Ltd.

- Shanxi Province Gaoping Chemical Co., Ltd.

- Silvateam S.p.a.

- TransFurans Chemicals BVBA

- Xingtai Chunlei Furfuryl Alcohol Co., Ltd.

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Objective of the study:

- To analyze and forecast the market size of global furfural market.

- To classify and forecast global furfural market based on region, and application.

- To identify drivers and challenges for global furfural market.

- To examine competitive developments such as expansions, mergers & acquisitions, etc., in global furfural market.

- To conduct pricing analysis for global furfural market.

- To identify and analyze the profile of leading players operating in global furfural market.

The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are:

- Manufacturers of furfural

- Raw material suppliers

- Market research and consulting firms

- Government bodies such as regulating authorities and policy makers

- Organizations, forums and alliances related to furfural

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with furfural suppliers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.