Furfuryl alcohol is an organic compound manufactured by catalytic reduction of furfuran. It is used in a wide range of applications such as solvents, foundry resins, plastics, wetting agents, adhesives and in gas hardening processes among others. The raw material furfuran is obtained from sugarcane bagasse, corn cobs, wheat bran and oats among others. It has application in rocketry as a hypergolic fuel which ignites readily in presence of fuming nitric acid and red fuming nitric acid.
Increasing demand for bio-based products owing to increasing awareness among consumers coupled with rising environmental regulations is expected to drive the market. This alcohol finds application in plastic industry. Increasing demand for plastics in the construction and paints industry is anticipated to drive the furfuryl market over the next few years. Bio-based resins and paints are gaining demand from developed countries due to the presence of strict environmental regulations. However, the safety issues regarding transportation and export rules of different developing countries are expected to restrain the market growth. Research and development in the field of rocketry is expected to provide immense opportunities for manufacturers of furfuryl alcohol in the near future.
Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-371?
Asia Pacific was the largest producer and consumer of furfuryl alcohol in which China contributes to the highest consumption. Proximity to raw material and increasing applications in plastics and resins are expected to drive the market. Europe follows Asia Pacific in consumption owing to increase in the application area of furfuryl alcohol. Research activities in the field of rocketry fuel are expected to provide opportunity for furfuryl alcohol market in this region. North America is expected to grow at a faster pace owing to increase in availability of raw materials and rising demand from construction and paints industry.
Key players in this market include DynaChem Inc., The Chemical Company, Hongye Chemical Co. Ltd, Penn A Kem LLC, Nova Molecular technologies, Continetal Industries Group Inc., Shenzhen Shu Hang Industrial Development Co. Ltd., SolvChem Inc., NeuChem Inc., SweetLake Chemical Ltd., Ideal Chemical & Supply Company, Novasynorganics, International Process Plants among others.
Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-371?
This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size & Forecast 2015 -2025
- Supply & Demand Value Chain
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- Market Drivers and Restraints
Regional analysis includes
- North America
- US & Canada
- Latin America
- Brazil, Argentina & Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
Future Market Insights
Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends.