Jan 22, 2019   SOURCE: BusinessWire

Global Furfural Derivatives Market Analysis & Forecast to 2026 by Product and End-user - A $2.56 Billion Opportunity - ResearchAndMarkets.com

The "Furfural Derivatives - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to this report, the Global Furfural Derivatives market accounted for $1.62 billion in 2017 and is expected to reach $2.56 billion by 2026 growing at a CAGR of 5.2% during the forecast period.

Growing demand for pharmaceutical industry, increasing usage of derivatives food and beverage sector, demand for bio-based products and rising awareness among consumers are some of the factors driving the market growth. However, environmental issues are hindering the market growth.

Based on end-user, plastics segment is anticipated to rise during the forecast period due to the increasing implementation of polymers and rising usage of agrochemical and plastic industries in developing economies.

By geography, Asia Pacific is predicted to grow with the largest market share during the forecast period and the growth of this region can be attributed to the rapid growth of pharmaceuticals industries and rise in industrialization in countries such as India and China.

Products Covered:

  • Furoic Acid
  • Tetrahydrofurfuryl Alcohol (THFA)
  • 2, 5-Furandicarboxylic Acid (FDCA)
  • Furfuryl Alcohol
  • Other Products

End-Users Covered:

  • Agriculture
  • Agrochemicals
  • Food & Beverages
  • Industrial Chemicals
  • Paints & Coatings
  • Pharmaceuticals
  • Plastics
  • Refineries
  • Resins
  • Pesticides
  • Other End-Users

Companies Profiled:

  • BASF SE
  • Hongye Chemical
  • Corbion N.V.
  • Penn A Kem LLC
  • Ashland Inc.
  • Avantium
  • DynaChem Inc.
  • Nova Molecular Technologies
  • International Process Plants
  • TransFurans Chemicals
  • International Furan Chemicals
  • Shenzhen Shu Hang Industrial Development
  • SolvChem
  • NeuChem Inc.
  • Ideal Chemical & Supply Company
  • Novasynorganics

For more information about this report visit https://www.researchandmarkets.com/research/29tzj3/global_furfural?w=4