Europe furfuryl alcohol market, 2024-2030

Furfuryl alcohol (FFA) is an organic substance which is a colorless liquid, but older samples look amber. FFA is an inherently occurring byproduct of heating and found in many foods and beverages. This organic compound is obtained from waste vegetable materials such as corn cobs, oat hulls, cane bagasse, rice husk, and so on. The primary utilization of FFA is as a monomer for the synthesis of furan resins. These polymers are utilized in thermoset polymer matrix composites, cements, adhesives, coatings and casting/foundry resins.

The Europe furfuryl alcohol market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the Europe furfuryl alcohol market is growing at a fast pace and increasing its geographical footprint rapidly. The Europe furfuryl alcohol market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The major driving factor for the furfuryl alcohol market is its increasing demand in production of furan resins, and solvents. Europe market is expected to grow due to rising demand in cement, pesticides and anti-corrosion coatings industrial applications. Strict environmental policy in favor of organic compound can act as another driving factor for the market growth.

Instability in the price of feedstock required for production of furan is a restraining factor for the furfuryl alcohol market. Moreover, availability of the agricultural raw materials used for production of 2-(Hydroxymethyl) furan is also a major hindrance in the market growth.

The furfuryl alcohol market has remarkable usage across all major countries in the Europe, such as Germany, France, Italy, UK, Belgium, and Rest of Europe. The major key players of the Europe furfuryl alcohol market are TransFurans Chemicals bvba, Pennakem LLC, and others.

Research Methodology

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analyzed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

The European market for furfuryl alcohol is split under different categories- based on its type and application and geography. Different furfuryl alcohol are mapped with its applications across different countries within the European region. Findings were later consolidated in the form of a report. Market Krystal held more than 30 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the Europe furfuryl alcohol industry dynamics
• Estimation of the present Europe furfuryl alcohol market size in terms of value and volume
• Europe furfuryl alcohol market breakup based on type and application
• Substantiated Europe furfuryl alcohol market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of Europe furfuryl alcohol industry value chain.