Skip to main content

Furfural Solvent Market Outlook and Global Foresight to 2022

Increasing demand for bio-based, renewable chemicals on account of rising sustainability concerns is a vital determinant for industry growth. The Global Furfural Solvent Market is expected to reach USD 153.4 million by 2022, according to a new report by Grand View Research, Inc.


Growth of key end-use industries such as paints & coatings and pharmaceuticals coupled with stringent regulations regarding synthetic chemicals is expected to have a positive influence on the market growth. Growing demand for bio-based sustainable products particularly in developed economies of North America and Europe is also expected to fuel demand for furfural solvent.

Petroleum refining was the largest application segment and accounted for over 55% of total volume in 2014. Increasing petroleum refining activities to meet increasing lubricant demand in automotive and industrial sectors is expected to drive the application segment. Pharmaceutical is expected to witness the highest growth of 16.1% from 2015 to 2022.

To Know More About Furfural Solvent Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/furfural-solvent-market 

Organic, non-toxic and bio-based chemicals have been rapidly replacing conventional solvents as intermediates in several drug formulations. High biocompatibility and non-reactivity has also made furfural solvents ideal in medical industry. Such factors are expected to fuel furfural solvent demand in pharmaceutical industry.

Top Players of Furfural Solvent Market:

Key furfural & derivative manufacturers include BASF SA, Teijing North Furfural Co., Goodrich Sugar & Chemical Ltd., Transfurans Chemicals, Harborchem (Illovo Sugar Ltd.), and Alchem Chemical Co. among others such as Linzi Organic Chemical Inc., Xing Tai Chunlei Furfural Alcohol Ltd., Penn Specialty Chemicals, The Good Scents Co. and Furfural Espanol S.A.

Market Segmentation of Furfural Solvent Market:

The Global Furfural Solvent Market segmented on the basis of Application and Region.

By Application:

Petroleum refining
Agricultural formulations
Paints &coatings
Pharmaceuticals

By Region:

North America
Western Europe
Central & Eastern Europe
China
Rest of Asia Pacific
Rest of the World

Inquire about Furfural Solvent Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2802/ibb 
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Point of Entry Water Treatment Systems Market Competitive Landscape by 2025

Growing public awareness towards healthy lifestyle along with increasing water pollution is projected to drive the market over the forecast period. The Global Point of Entry Water Treatment Systems Market is estimated to be valued at USD 9.95 billion by 2025, according to a new report by Grand View Research, Inc. Exponential growth in the global population has exerted considerable pressure on the existing water resources available for human consumption, in turn augmenting the dependence on groundwater owing to its easy availability. However, improper disposal of wastewater generated in agricultural and industrial areas has led to largescale contamination of groundwater in urban areas, enhancing the global point of entry water treatment systems market by 2025. Favorable government regulations to ensure the supply of healthy drinking water is predicted to boost market growth over the forecast period. The growing investments towards development of efficient point of entry water t...
Post a Comment
Read more

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...
Post a Comment
Read more