"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Furfuryl Alcohol Market Size, Share & Industry Analysis, By Type (Pharmaceuticals Grade, Food Grade), By Application (Plastics, Paint and Dye, Rubber and Resin, Pesticide, Other) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI103775 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

The global furfuryl alcohol market size is expected to expand on account of its extensive use in commercial sectors. Furfuryl alcohol which is also called furan is an organic compound with a chemical composition where the furan circle hydrogen is replaced by the hydroxymethyl band. This organic compound can be formed by the hydrogenation of furfuryl alcohol. Organic compounds can be generated from plant waste materials like corn cobs, cane bagasse, oat hulls and rice husks, etc. This product is extremely reactive due to its potential for thermal decomposition and polymerization when subjected to an acid catalyst. Comparison to furfural, this compound has a broad commercial use.


The excess supply for furan resins and adhesives is the key growth factor for the furfuryl alcohol market. Furan resins are commonly used as coupling materials in injection moulding foundries. Growth in the fabricator sector in different countries has generated surplus demand for furan resins.  As fupricesesrfuryl alcohol is applied as the main raw material for the manufacture of furan resins, therefore, surplus demand for the product has pushed the market growth of the former. Uncertainty in the price of raw material used for the production of furan is established as a limiting factor in the demand for furfuryl alcohol. In addition, seasonal pattern of agricultural products used for the development of furan also hinders the growth of the sector.


Market Segmentation:


Based on type, the market for global furfuryl alcohol is segmented into  pharmaceuticals grade and food grade. On the basis of application, the market is classified into plastics, paint and dye, rubber and resins, pesticide and others. From a geographical standpoint, the furfuryl alcohol market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:


The global furfuryl alcohol market is fairly fragmented, with number of players operating in the global markets. Some of the key players in the global furfuryl alcohol industry includes Xingtai Chunlei Furfuryl Alcohol, Hongye Holding Group, International Furan Chemicals (IFC), Silvateam, Penn A Kem, Zibo Zhangdian Oriental Chemical, Shandong Yongchuang Casting Material, Henan Huilong Chemical, Zibo Huaao Chemical, and Zhucheng Taisheng Chemical.

Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Global Furfuryl Alcohol Industry

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Furfuryl Alcohol Market 


Regional Analysis:


The global furfuryl alcohol market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.  Asia-Pacific is expected to grow rapidly as a result of rapid changes in the developing economies and growing changes in the region's industries. Growing number of countries in Asia-Pacific regions have preference for architectural and decorative coatings and account for the highest paint consumption in their growth. As a result, the demand for furfuryl alcohol in Asia-Pacific is a big factor for dyeing and pigmentation, driven by development  in China, where top quality requirements are directly interacting in both chemical companies. China is the biggest supplier and user of furan. In China, competition for furan resins is increasing through various smelters. China retains more than 50% of the intake of furfuryl alcohol, which is why the growth of the Chinese demand for furfuryl alcohol has had a positive effect on the growth of the global market. North America has a significant market share based on the fact that the transportation sector has become one of the administration's key priority areas. The manufacture of traditional plastics in North America and the need to produce synthetic fibers in the area have led to the use of furfuryl alcohol in the paint and coating industries. Europe enjoys a wide share of the market. The income in Western Europe would definitely come from the chemical manufacturing industry. As a result, with growing demand from various end-user industries, such as paint and coating, textiles, printing inks and plastics, the market for dye and pigments is anticipated to witness significant growth over the forecast period. The Middle East and the African region will rank among the recent advances led by regional industrial growth, in specific the progress of chemical engineering and other production plants. Latin America also suffers from political turmoil and economic uncertainty that hinders business growth.

To gain extensive insights into the market, Request for Customization


Furfuryl Alcohol Market Segmentation






















 ATTRIBUTE

  DETAILS

By Type



  • Pharmaceuticals Grade

  • Food Grade



By Application



  • Plastics

  • Paint and Dye

  • Rubber and Resin

  • Pesticide

  • Other



By Geography



  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia, BENELUX and Rest of Europe)

  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



Global Furfuryl Alcohol Market Industry Developments



  • In May 2019, Jowat SE, a leading suppliers of industrial adhesives, announced that it has introduced a new product line in the Jowapur series of resins specializing in construction. The model has high strength development and inner grip of the tensile zone, which improves durability during the processing of the adhesive in fingers joint operations. This introduction was intended to help the company gain a competitive edge over the market.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Chemicals & Materials Clients
Citibank
Mobil
BASF
GM
uniliver
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X