Global Market Size of Furfural Market – 10 Year Market Forecast

Chemicals

Furfural Market Size Forecast 2022-2029

 

The furfural market size value is expected to grow to USD 0.59 billion in 2022 and USD 0.98 billion by 2029 with a CAGR of 8% over the forecast period 2022 to 2029. The cumulative market size for the forecast period is valued at USD 7 billion. Owing to developing nations such as India, China and Japan, APAC is expected to dominate the market for the production and consumption of furfural. Corn cobs represent the main market share in the raw material segment, followed by sugar cane bagasse and rice husks. Some of the key players in the market include Central Romana Corporation, KRBL ltd and LENZING AG.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database is a cloud based business intelligence tool that can be used by decision makers to study relevant markets.
• Which region has the highest growth rate in the global furfural market?

• The APAC region has the highest growth rate in the global furfural market.
• What are the restraints of the global furfural market?

• The presence of fossil fuels as a cheaper alternative to furfural hampers the market growth.
• What was the calculated value of CAGR over the forecast period?

• The calculated value of CAGR over the forecast period is 8%.
• How is the global furfural market segmented?

• The global furfural market is segmented by application, region wise and by raw material.

Related Markets

• Global Market Size of Refrigeration Oil Market – 10 Year Market Forecast
• Global Market Size of Glycolic Acid Market – 10 Year Market Forecast
• Global Market Size of Brazed Plate Heat Exchangers Market – 10 Year Market Forecast
• Global Market Size of LNG Storage Tanks Market – 10 Year Market Forecast
• Global Market Size of Marine Lubricants Market – 10 Year Market Forecast