Furfuryl Alcohol Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2028

Furfuryl Alcohol Market was valued at USD 7.2 billion in 2022 and is expected to grow at a CAGR of 2% between 2022 and 2028. Furfuryl alcohol is a clear, colorless liquid with a smell reminiscent of paint thinners. Furfuryl alcohol has been used as a solvent in the manufacture of polymers and resins for coatings adhesives and other products. Furfuryl alcohol was first synthesized by combining formaldehyde with sulfuric acid. This reaction produces furan-based compounds that can be catalyzed to produce valuable chemicals such as FFA or tetrahydrofuran TH(Fs). These reactions are more cost-effective than many competing methods because of their low reactivity towards air and water using a process that compares them to environmentally friendly hazardous materials such as hydrogen fluoride and gas.

Top Major Key Players Industries:

DynaChem
The Chemical Company
Hongye Chemical
PennAKem
Nova Molecular
Continental Industries Group
Shenzhen Shu Hang Industrial
SolvChem
NeuChem
Novasyn Organics
International Process Plants

By Type:

Polyme
Wetting Agent
Solvents
Adhesives

By Application:

Cement Industry
Coating
Pesticide

Scope of the Report

The research study analyzes the global Furfuryl Alcohol industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Furfuryl Alcohol Market Report

What was the Furfuryl Alcohol Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Furfuryl Alcohol Market during the forecast period (2022-2028)?
Which segments (product type or applications or end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Furfuryl Alcohol Market was the market leader in 2018?
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.