| Furfuryl Alcohol is an unmistakable, dry fluid with a smell suggestive of acetones. Furfuryl Alcohol has been utilized as a dissolvable in the assembling of polymers and saps for coatings, glues, and different items. Furfuryl liquor was first blended by joining formaldehyde with sulfuric corrosive. The response produces furan-based mixtures that can be catalyzed to create important synthetic compounds like FFA or tetrahydrofuran TH (Fs). These responses are more financially savvy than many contending strategies because of their low reactivity towards air and water, which makes them harmless to the ecosystem contrasted with processes utilizing risky materials like hydrogen fluoride gas.
Global Furfuryl Alcohol Market - Trends, COVID-19 impact and Growth Forecasts to 2026
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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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.
Regional Analysis
Based on the regional classification, the furfuryl alcohol market is increasing its demand in various regions such as the Middle East & Africa, Latin America, North America, Asia Pacific, and Europe.
Competitive Landscape
Some of the major players in the market include DynaChem, The Chemical Company, Hongye Chemical, PennAKem, Nova Molecular, Continental Industries Group, Shenzhen Shu Hang Industrial, SolvChem, NeuChem, Novasyn Organics
,International Process Plants
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