Furfural Market Is Estimated to Reach USD 900.84 Million by 2030

PRESS RELEASE
Published October 4, 2023

The report is designed to provide a holistic view of the Furfural Market 2030. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). Regional estimates and forecasts & trend analysis for each country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa, etc.), and region (North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and Latin America) are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19.

Data Bridge Market Research analyses that the furfural market is expected to reach USD 900.84 million by 2030, which is USD 556.74 million in 2022, registering a CAGR of 6.20% during the forecast period of 2023 to 2030.

Top Companies in the Global Furfural Market:
ILLOVO SUGAR AFRICA (South Africa), TransFurans Chemicals bvba (Belgium), hebeichem (China), KRBL (India), Silvateam S.p.a. (China), LENZING AG (Austria), Hongye Holding Group Corporation Limited (China), Tanin d.d. (U.S.), Pennakem, LLC (U.S.), Hefei Tnj Chemical Industry (China), TCI Chemicals (India) Pvt. Ltd. (India), BEIJING LYS CHEMICALS CO., LTD. (China), Laxmi Furals Pvt Ltd (India), among others.

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This report segments the global Furfural Market are:
Raw Material

  • Corncobs
  • Rice Hulls
  • Cotton Hulls
  • Sugarcane Bagasse
  • Others

Process

  • Quaker Batch
  • Chinese Batch
  • Rosenlew Continuous
  • Other

Catalyst

  • Solid Acid Type
  • Liquid Acid Type

Application

  • Solvents
  • Flavour Enhancers
  • Fungicides
  • Gasoline Additives
  • Decolorizing Agents
  • Intermediates in Adhesives and Sealants

End User

  • Chemical
  • Agrochemical
  • Pharmaceutical and Medical
  • Oil and Gas
  • Automotive and Transportation
  • Manufacturing
  • Furfurals and Polymer
  • Food and beverages
  • Fertilizer
  • Others

Regional Insights:

Asia-Pacific is expected to dominate the furfural market in terms of revenue growth and market share owing to the high furfural production, especially in China. Moreover, the growth in several end-use industries such as pharmaceuticals, agriculture, food and beverages and refineries, in the economies of China, India, and Japan will further increase the demand of furfural in this region.

Europe is expected to be the fastest developing region during the forecast period of 2023-2030 because of increasing demand of furfural, particularly from foundry and chemical industry in this region.

Browse The Report Description:

https://www.databridgemarketresearch.com/reports/global-furfural-market?Pradip

A reliable Furfural market survey report is designed with the scrupulous market analysis carried out by a team of industry experts, dynamic analysts, skillful forecasters and well-informed researchers. And not to mention, the report is amazingly characterized by using several charts, graphs, and tables depending on the extent of data and information involved. What is more, influencing factors such as market drivers, market restraints and competitive analysis is studied with the SWOT analysis which is the most established tool when it comes to generate market research report. Businesses can achieve complete knowhow of general market conditions and tendencies with the information and data covered in the winning Furfural market report.

Significant Features that are under Offering and Key Highlights of the Reports:

-Detailed overview of Furfural Market
-Changing the Furfural market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Furfural market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Furfural Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

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