Furfuryl Alcohol Market was valued at USD 7.2 billion in 2020 and is expected to grow at a CAGR of 2% between 2021 and 2027. Furfuryl alcohol is a clear, colorless liquid with a smell reminiscent of paint thinners. Furfuryl alcohol has been used as a solvent in the manufacture of polymers and resins for coatings adhesives and other products. Furfuryl alcohol was first synthesized by combining formaldehyde with sulfuric acid. This reaction produces furan-based compounds that can be catalyzed to produce valuable chemicals such as FFA or tetrahydrofuran TH(Fs). These reactions are more cost-effective than many competing methods because of their low reactivity towards air and water using a process that compares them to environmentally friendly hazardous materials such as hydrogen fluoride and gas.
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:
DynaChem
The Chemical Company
Hongye Chemical
PennAKem
Nova Molecular
Continental Industries Group
Shenzhen Shu Hang Industrial
SolvChem
NeuChem
Novasyn Organics
International Process Plants
By Type:
Polyme
Wetting Agent
Solvents
Adhesives
By Application:
Cement Industry
Coating
Pesticide
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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 and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or 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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