Furfuryl Alcohol Market: Elaborate End User Applications such as Pharmaceuticals and Foundry to Spur Growth


Published on : Jan 31, 2019

Albany, New York, January 31, 2019: On the back of rapidly growing demands for bio-based fuels and chemicals resonating with increased mindfulness on alternative fuel resources, adoption of furfural as a potent raw material in the manufacture of biofuels and biochemical has witnessed substantial traction, thereby augmenting growth in furfural alcohol market. A new business intelligence report titled, 'Furfuryl Alcohol Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028' included in the ever expanding repository of Market Research Hub (MRH) assesses ongoing market advances and evaluates their reciprocal implications on holistic growth route of furfural alcohol market.

Besides aforementioned applications, furfuryl alcohol is also predominantly used in other applications such as pharmaceutical solvents as well as in metal casting applications. Rapid advancements in pharmaceutical vertical is therefore accounted to incur rapid progress in fururyl alcohol market over the years.

Facility Expansion and Geographical Expansion Top Growth Strategies amongst Lead Vendors

In the light of rapid industrialization and surged adoption of furfuryl alcohol in a host of industrial applications, leading market participants are increasingly banking upon facility expansion and geographical expansion across emerging nations in India to sustain stiff competition in global furfuryl alcohol market.  

This elaborate research report on furfuryl alcohol market begins with a detailed executive summary followed by a thorough report overview section encompassing market definition and dynamics such as drivers, restraints, challenges, and threats that impact the growth trajectory in furfuryl alcohol market. The report lends substantial information on various market aspects such as market segments that direct the holistic growth route. The report includes a detailed section on untapped market opportunities based on which players in furfuryl alcohol market can aptly deliver lucrative business deals and investment decisions to secure a leading stance amidst stiffening competition.

Foundry Resin Application Segment to Witness Demand Traction

By segments the market is classified by application and source type. Based on application furfuryl alcohol market is splintered into corrosion inhibitor, foundry resin, and pharmaceutical solvents. In terms of application furfuryl alcohol market is classified into corn cob, sugarcane bagasse amongst others.

Asia-Pacific Accounted as a Lucrative Regional Hub

A section on regional diversification has also been entailed in the report based on which Eastern and Western Europe, North America, Latin America, Japan, China, India, Middle East and Africa, and Southeast Asia and Pacific are enumerated as major regional belts in furfuryl alcohol market.

Competition Deep-Dive: Furfuryl Alcohol Market

Thorough research elements postulated in the report allow readers to gain firsthand information about the vendor landscape highlighting potential forerunners. The report in its trailing sections assesses each of the mentioned profiles and enumerates substantial information on their respective company profiles, product portfolios, and recent activities such as mergers and acquisitions that remain crucial for the growth of furfuryl alcohol market. Some of the leading players identified in furfuryl alcohol market comprise DynaChem, Inc., Silvateam S.p.a., Illovo Sugar (Pty) Ltd., Zibo Huaao Chemical Co., Ltd. and KRBL Limited amongst a host of others.

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