Furfural Market for Furfuryl Alcohol, Solvents, Pharmaceuticals and Chemical Intermediates – Global Industry Overview, Trends and Forecast 2023

The report analyzes and forecasts the furfural market on the global and regional level. The study provides historical data of 2014 along with the forecast from 2015 to 2023 based on volume (Tons) and revenue (US$ Thousand). The report provides a decisive view of the furfural market by segmenting it in terms of application and region.

This report provides detailed industry analysis of the furfural market. The industry analysis includes product information right from the invention of furfural to industrial development. We have included a detailed value chain analysis of the furfural market to provide a comprehensive view of the furfural market. The analysis of value chain includes information such as integration in the market, distribution channels, and end-user industries. The study also includes market drivers and restraints for the furfural market and their impact on the demand during the forecast period. The report also analyzes the opportunities in the furfural market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through qualitative and quantitative information. These factors have been verified through primary and secondary resources.

The report includes Porter’s Five Forces Analysis that describes the competitiveness in the furfural market. The study comprises of market attractiveness analysis benchmarked based on market size, compound annual growth rate (CAGR), general attractiveness, and company market share. We have also incorporated company market share analysis to provide detailed analysis of the market.

The study provides a decisive view of the furfural market by segmenting it on the basis of application. Application segments have been analyzed based on current and future trends, and the market has been estimated from 2015 to 2023 in terms of volume (Tons) and revenue (US$ Thousand). Regional segmentation includes current and forecast demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It also includes demand for individual applications in major countries in the respective regions.

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The report provides detailed competitive outlook that includes profiles of 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., Nutrafur S.A., Penn A Kem LLC, Silvateam S.p.A., Tanin Sevnica d.d., Tieling North Furfural (Group) Co., Ltd., and Xingtai Chunlei Furfuryl Alcohol Co., Ltd. Company profiles include attributes such as company overview, brand/product portfolio, financial overview, business strategy, and key/recent developments related to the market.

Constant currency rates have been considered while forecasting the market. Prices of furfural and application segments vary in each region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. Regional average price has been considered while breaking down the market by product segment and application in each region. Models and estimates have been used to produce comprehensive datasets where hard data was not available. We have used the bottom-up approach by considering application segments and integrating them to arrive at the global market. Applications have been further divided using the top-down approach to derive the consumption of products in the regional market.

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We conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders to compile this research report. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.