Furfuryl alcohol is an organic compound containing furan that is substituted with a hydroxymethyl group. It is also known as 2-furylmethanol or 2-furancarbinol and is colorless or pale yellow in color. Furfuryl alcohol is categorized under a biopolymer that is obtained from eco-friendly sources. It is manufactured by the catalytic reduction of furfuran. The raw materials for it are obtained from corn cobs, sugarcane bagasse, wheat bran, and oats. It is used in a wide range of applications such as foundry resins, wetting agents and adhesives.
The increase in demand for furfuryl alcohol in the production of furan resins and solvents drives the growth of the furfuryl alcohol market. Besides this, the use of furfuryl alcohol in rubber, pesticide, and synthetic applications also drives the market growth. However, price fluctuations of feedstock required in the production of 2-hydroxymethyl furan restrict the demand for the furfuryl market. The use of furfuryl alcohol in the production of carbon materials and nano composites is expected to bolster well the demand for furfuryl alcohol market in the near future.
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The Major Market Player Included in This Report are:
– Aurus Speciality Company Limited
– DynaChem Incorporated
– Illovo Sugar (PTY) Ltd
– International Furan Chemicals B.V.
– Penn A Kem LLC
– Shandong Crownchem Industries Co., Ltd
– Silvateam S.p.A.
– TransFurans Chemicals bvba
– Xingtai Chunlei Furfuryl Alcohol Co., Ltd.
– Zhucheng Taisheng Chemical Co., Ltd.
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What the report features:-
- Global analysis of Furfuryl Alcohol Market from 2020 – 2027 illustrating the progression of the market.
- Forecast and analysis of Furfuryl Alcohol Market by Dosage, Route of Administration and Application from 2020 – 2027.
- Forecast and analysis of Furfuryl Alcohol Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
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