Furfural Market was valued at USD 492.8 billion in 2020 and is expected to grow at a CAGR of 4% between 2021 and 2027. Furfural markets are further analyzed based on maximum granularity with additional segmentation. On the basis of raw materials, Furfural market was classified into corncobs, rice hulls, cotton hulls, sugarcane bagasse, etc. Based on the application furfural market is divided into solvents, flavor enhancers, fungicides, gasoline additives, decolorizers and adhesives and sealants in the middle. On the basis of catalysts furfural market is divided into solid acid type and liquid acid type. On the basis of end-user enterprises, furfural market is divided into chemical industry, pesticide industry, pharmaceutical and medical industry, oil and gas industry, automotive and transportation enterprises, manufacturing industry, furfural and polymer industry food and beverage industry fertilizer industry and others.
Furfural and its derivatives are widely applied to fungicides and nematicides, transportation fuels, gasoline additives, lubricants, resins, decolor ants, jet fuel blend stocks, drugs, pesticides, bioplastics, and flavor enhancers to provide food and beverages. Overall, they are used as intermediates in diversified chemical production. Demand for furfural decreased in 2020 as the chemical industry was badly affected by the COVID-19 epidemic. In addition, China’s over-dependence on raw materials adversely affected the industry. Worldwide, chemical production fell significantly in 2020, and major chemical producers registered losses in 2020. However, the industry is expected to recover in the medium and long term.
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Top Major Key Players Industries
Central Romana Corporation
hebeichem
ILLOVO SUGAR AFRICA (PTY) LTD
International Furan Chemicals B.V
LENZING AG
Pennakem, LLC
Silvateam S.p.a
International Furan Chemicals B.V
Zibo Xinye Chemical Industry Limited Company
Krbl
Transfurans bvba
Nutrafur S.A
Merck KGaA
Hefei TNJ Chemical Industry Co., Ltd
Galaxy Laboratories
Shanxi Province Gaoping Chemical Industry Co., Ltd
Henan Huilong Chemical Co. Ltd
By Process
Quaker Batch Process
Chinese Batch Process
Rosenlew Continuous Process
Others
By Product
Corn cob
Sugarcane bagasse
Sunflower hull
Rice husk
Others
By Application
Furfuryl alcohol
Solvent
Intermediate
Others
By End-Use
Agriculture
Paints & Coatings
Pharmaceuticals
Food & Beverage
Refineries
Others
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Scope of the Report
The research study analyzes the global Warehousing Logistics Robots industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Warehousing Logistics Robots Market Report
What was the Warehousing Logistics Robots Market size in 2018 and 2021; what are the estimated growth trends and market forecast (2021-2027).
What will be the CAGR of Warehousing Logistics Robots Market during the forecast period (2021-2027)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2021-2027).
Which manufacturer vendor or players in the Warehousing Logistics Robots Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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