Global Furfuryl Alcohol Market Overview:
The furfuryl alcohol is an organic compound that manufactured by catalytic reduction of furfuran. The raw materials is obtained from corn cobs, wheat brans, oats and sugarcane bagasse. It is used as a wide range of application such as plastics, wetting agents, adhesives and gas hardening process. As the numbers of consumption of furfuryl alcohol are increasing to almost 85% worldwide, due to rising demand for production of biofuels and biochemical. Further, increasing demand from the developing countries owing to growth in the machinery and wind mill industries owing to increasing application of furfuryl alcohol as chemical additive expected to drive the demand for furfuryl alcohol over the forecasted period. According to AMA, the Global Furfuryl Alcohol market is expected to see growth rate of 5.2%
- Increased Demand Of Bio-Based Products In Worldwide.
- Rising Awareness Among Customers Regarding Usage Of Furfuryl Alcohol.
- Upsurge widely used in binders for traditional furan no-bake systems
- Rising demand of furfuryl alcohol in foundry industry
- Stringent Environmental Regulations Hampers The Growth Of Market.
- Issue Related Export and Transport of Furfuryl Alcohol.
- Increasing Demand of Plastic in Construction and Paints Industries.
- Research And Development in The Field Of Rocketry Boost The Furfuryl Alcohol Market.
- Health Problems Such As Irritation, Burning And Shortness Of Breathing Associated With Furfuryl Alcohol.
Some of the key players profiled in the report are Hongye Holding Group Corp., Ltd. (China), Zibo Huaao Chemical Co., Ltd. (China), International Furan Chemicals B.V. (The Netherlands), China XLX Fertilizer Ltd. (China), Aurus Speciality Company Limited (Thailand), Xingtai Chunlei Furfuryl Alcohol Co., Ltd. (China), Silvateam (Italy), Shijiazhuang Worldwide Furfural (China), Furfuryl Alcohol Furan Resin Co. Ltd. (China), KRBL Ltd. (India) and Illovo Sugar (PTY) Ltd (South Africa). Additionally, following companies can also be profiled that are part of our coverage like Pennakem, LLC (United States), Central Romana Corporation (Dominic Republic), Lenzing Group (Austria) and Behran Oil Co. (Iran). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Furfuryl Alcohol market by 2024. Considering Market by End User, the sub-segment i.e. Chemical Industry will boost the Furfuryl Alcohol market.
Silva team introduced a furfuryl alcohol which is a colorless organic liquid that produced at Argentina region which is beneficial in providing catalytic hydrogenation process at high pressure, starting from furfural. It is also used for production of production of thermosetting resins and resistant to chemicals and solvents.
“According to United States International Trade Commission, its determines pursuant to the Tariff Act of 1930 (“the Act”), that revocation of the antidumping duty order on furfuryl alcohol from China would be likely to lead to continuation or recurrence of material injury to an industry in the United States within a reasonably foreseeable time.”
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Furfuryl Alcohol market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Furfuryl Alcohol market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Furfuryl Alcohol Manufacturers, Opioids Drugs Traders, End-Use Market Participants of Different Segments of Furfuryl Alcohol, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.