Houston, TX -- (SBWIRE) -- 06/21/2018 -- Research N Reports has announced the addition of a new market intelligence report. The report is titled, "Global Furfural Alcohol Resin Market 2018". The report comprises of the market growth figures since last few years and the estimated growth trajectory for the coming future.

The Global Furfural Market is expected to reach $ 120.9 million by 2021. Due to growing environmental concerns and volatile prices, industry moves to minimize reliance on traditional petrochemical products are still expected to remain an important driver. Factors for global furfural market. Furfural has been identified as one of the major platform chemicals used to extract other industrial chemicals. The emergence of new furfural applications for the production of THF, furfural alcohol resins and furans is also expected to have a positive impact on market growth. Unused production techniques affect yield and increase production costs and are expected to remain a significant challenge for market participants over the next six years.

For sample copy of this report: https://www.researchnreports.com/request_sample.php?id=190895

Top Key Player Covered in This Report:
The Chemical Company, Nova Molecular technologies, DynaChem Inc., The Chemical Company, Hongye Chemical Co. Ltd, Penn A Kem LLC., Continetal Industries Group Inc., Shenzhen Shu Hang Industrial Development Co. Ltd., NeuChem Inc., SweetLake Chemical Ltd., Novasynorganics, Sweet Lake Chemical Ltd., International Process Plants

The global furfural market is divided by the presence of many small manufacturers in China. Major companies are integrated along the value chain and involved in the production of furfural derivatives such as furfuryl alcohol. Key players in the global market include Teiling, Central Romana Corp., International Furan Chemicals, TransFurans Chemicals, Penn A Kem LLC and Sugar Illovo Ltd.
Increasing furfural demand in markets such as Thailand, Indonesia, Malaysia and India is expected to increase global market growth. Growth in key end-use industries, particularly in the chemical, pharmaceutical and foundry industries, is expected to be a key contributor to market growth, particularly in emerging markets in the Asia Pacific region. The Western European furfural market is expected to grow at a CAGR of 11% between 2018 and 2021.

Avail discount on this report: https://www.researchnreports.com/ask_for_discount.php?id=190895

Over the past few years, increased production and consumption of furan resin has been observed, and similar roadmaps and trends are expected to continue over the next few years. The main reasons for the increase in furan resin consumption are viability, ease of access to raw materials, and expansion in advanced technology and end-use industries. In addition, demand for bio-based products is growing as a result of strict enforcement of environmental regulations that raise the demand for furan resin and improvement of consumer awareness. Likewise, as demand for furan resins in foundry applications increases, sales of furan resins are expected to increase globally. Furan resin and its byproducts are used in other parts of automotive assembly to reduce vehicle weight for fuel efficiency optimization. However, factors such as safety issues and export guidelines in other economies are some of the adoption barriers that may hinder the growth of furan resin consumption.

For Any Query on Furfuryl Alcohol Resin market report, Speak to Industry Expert at: https://www.researchnreports.com/enquiry_before_buying.php?id=190895