| Furfuryl alcohol(C5H6O2) alludes to a dull or light yellow natural compound which is significantly extricated from squander biomass, for example, corncobs, rice frames, sugarcane bagasse, and so on It very well may be blended by the constant fume stage hydrogenation of furfural or its synergist decrease utilizing nickel and copper chromium oxide. It is denser than water, becomes golden to dark in air and tracks down broad application as a dissolvable in making dim erosion safe gums.
ChemIntel360’s global Furfuryl Alcohol market study is a 150 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 end uses industry perspective. The industry is expected to grow at a CAGR of 3.0% mainly due to increasing consumption of Furfuryl Alcohol in pharmaceutical and cosmetics industries, the demand for which is projected to support market growth over the forecast period.
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Furfuryl alcohol is significantly utilized as a natural substance for making of furan gums and ascend sought after of furan pitch has straightforwardly prompted support in the furfuryl liquor market. Besides, ascend in foundry area in China has prompted extra interest for furan tars in the country.
Scope
This study contains global and regional Market size data - value and volume. The numbers are broken down by end use (Foundry, Agriculture, Paints and Coatings, Pharmaceuticals, Food and Beverages, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Furfuryl Alcohol Market, which grew from US$X.X million in 2015 to US$X.X million in 2019, dropped marginally to US$461.7 million in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$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.
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Key Players
Major players analyzed include Zibo Huaao Chemical Co., Ltd., International Furan Chemicals B.V., China XLX Fertilizer Ltd., AurusSpeciality Company Limited, XingtaiChunlei Furfuryl Alcohol Co., Ltd., Silvateam, Shijiazhuang Worldwide Furfural and Furfuryl Alcohol Furan Resin Co. Ltd., KRBL Ltd., Illovo Sugar (PTY) Ltd and Hongye Holding Group Corp., Ltd.
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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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