Furfural Market Size Worth $923.89 Million by 2030 at CAGR of 6.5%: Grand View Research, Inc.

Read 110-page market research report, "Furfural Market Size, Share & Trends Analysis Report By Process (Quaker Batch Process, Chinese Batch Process), By Raw Material (Corncob, Sugarcane Bagasse), By Application, By End Use, And Segment Forecasts, 2022 - 2030", published by Grand View Research. Read 110-page market research report, " Furfural Market Size, Share & Trends Analysis Report By Process (Quaker Batch Process, Chinese Batch Process), By Raw Material (Corncob, Sugarcane Bagasse), By...

Read 110-page market research report, "Furfural Market Size, Share & Trends Analysis Report By Process (Quaker Batch Process, Chinese Batch Process), By Raw Material (Corncob, Sugarcane Bagasse), By Application, By End Use, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Furfural Market Growth & Trends

Key manufacturers in the market are using novel cost-effective processes to increase product yield along with more efficient utilization of key resources. The COVID-19 pandemic impacted the market growth. Disruption in the supply chain and logistic facility impacted the furfural production. Fluctuating prices of raw materials, such as corncob, along with the lack of penetration of furfural in the developed countries of Europe and North America have hampered the growth. However, the usage of furfural as a raw material for biofuel can be viewed as a growth opportunity.

In addition, rising demand from the manufacturers of industrial chemicals and metal casting is projected to fuel market growth. The market is moderately fragmented with small-scale Chinese manufacturers acquiring the majority share. The market is stable, with the majority of the production and consumption taking place in China. Key players across the globe source raw materials that are available in the domestic area as a strategy to reduce operational costs. The inclination of manufacturers towards increasing their production capacity and expansion of manufacturing units is estimated to boost the market growth over the forecast period.

Furfural Market Segmentation

Grand View Research has segmented the global furfural market on the basis of process, raw material, end-use, and region:

Furfural Market - Process Outlook (Volume, Tons, Revenue, USD Thousands, 2017 - 2030)

Furfural Market - Raw Material Outlook (Volume, Tons, Revenue, USD Thousands, 2017 - 2030)

Furfural Market - Application Outlook (Volume, Tons, Revenue, USD Thousands, 2017 - 2030)

Furfural End-use Outlook (Volume, Tons, Revenue, USD Thousands, 2017 - 2030)

Furfural Market - Regional Outlook (Volume, Tons, Revenue, USD Thousands, 2017 - 2030)

List of Key Players of Furfural Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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