Furfuryl Alcohol Market Share, Forecast Report to 2028
Latest Furfuryl Alcohol Market Report published by Value Market Research, it provides a comprehensive market analysis which includes market size, share, value, growth, trends during forecast period 2021-2028 along with strategic development of the key player with their market share. Further, the market has been bifurcated into sub-segments with regional and country market with in-depth analysis.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the furfuryl alcohol market include DynaChem Inc., Hongye Chemical Co., Ltd., NeuChem Inc., Nova Molecular Technologies, Inc., Penn A Kem LLC, Shenzen Shu Hang Industrial Development Co. Ltd and SweetLake Chemical Ltd. among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Market Dynamics
Rising demand for furan resins from metal casting industry is driving the market growth. Shifting preference towards bio-based fuels owing to volatile crude oil prices is anticipated to spur the market demand in the forecasting period. Also, owing to an excellent wetting agent, furfuryl alcohol has widened its application in cement, paints, and coating, and other industries. In addition to this, rising global concern regarding depletion of fossil fuel is pushing the market demand uphill.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of furfuryl alcohol.
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Market Segmentation
The broad furfuryl alcohol market has been sub-grouped into application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application
· Resin
· Solvent
· Plastics
· Adhesive
· Others
By End-User
· Chemical Industry
· Metal Industry
· Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for furfuryl alcohol in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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