Press release
Furfural Solvent Market 2021 Status and Growth Outlook - Alchem Chemical Co., Furfural Espanol SA, Goodrich Sugar & Chemical, Harborchem
The Furfural Solvent Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The furfural solvent market is expected to register a CAGR of about 5% during the forecast period.
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Top Leading Companies of Furfural Solvent Market are Alchem Chemical Co., Furfural Espanol SA, Goodrich Sugar & Chemical, Harborchem, ILLOVO SUGAR AFRICA (PTY) LTD, Linzi Organic Chemical, Pennakem LLC, Shandong Crownchem Industries Co. Ltd, Silvateam SpA, Teijing North Furfural Co., The Good Scents, Transfurans Chemicals and others.
Key Market Trends
Increasing Demand from Agrochemicals Segment
- Furfural solvent is used in formulating various agrochemicals, like pesticides, fungicides, and herbicides. Furfural solvent has replaced harmful components present in the above-mentioned agrochemicals.
- As of 2019, there was approximately 2.7 billion ha of land with potential for crop production in the world, concentrated in Asia-Pacific, South and Central American, and Sub-Saharan Africa.
- In order to meet the growing food demand for the ever-increasing global population, demand for agrochemicals is also increasing, with the market anticipated to register a CAGR of approximately 4% during the forecast period.
- Therefore, the growing demand from the agrochemicals segment is expected to boost the demand for the furfural solvent market during the forecast period.
Regional Outlook of Furfural Solvent Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Furfural Solvent Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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