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Asia Pacific Furfuryl Alcohol Market Size 2025 To Gain Remarkable Traction From Food Industry

Author : Ronak Bora | Published Date : 2019-07-10 

Asia Pacific led by Japan, India, and China furfuryl alcohol market size may witness strong gains. Growing population has led to rise in food products demand mainly in India and China which is resulting in high pesticide requirements to obtain quality yields. Tetrahydrofurfuryl alcohol is widely used in pesticides as eco-friendly speciality solvent which is likely to fuel product demand in this region.

North America, driven by U.S. furfuryl alcohol market size may witness steady growth. Increasing consumer spending on renovation and remodelling activities is likely to drive construction industry growth thereby stimulating product demand. Favourable regulatory norms by EPA and FDA regarding product derivatives approval as inert ingredient in pesticides for pre-and post-harvest application may drive regional growth.

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Europe driven by U.K, France & Germany furfuryl alcohol market may witness significant gains due to rising demand in cement, pesticides and anti-corrosion coatings industrial applications. Stringent environmental policy is likely to boost bio polymer production should favour regional industry growth.

Furfuryl Alcohol Market size may witness a significant growth over the foreseeable timeframe owing to application potential as polymer, wetting agent, solvents and adhesives. It is an organic compound obtained by furfuran catalytic reduction and considered as a green chemical.

Furfuryl alcohol is categorised under biopolymer obtained from eco-friendly sources. Increasing demand for bio polymers mainly and Europe and North America owing to rising environmental concerns and regulatory compliances may propel industry growth.

Global cement industry is going to experience steady growth in coming years owing to increase in customers investing in residential and non- residential infrastructure projects. Furfuryl alcohol is water miscible and has usage as wetting agent in cement industry. Wetting agent are used in paints & coatings to prevent agglomerate formation. The chemical compound gets absorbed on the pigment surface as spacer. With help of wetting agents, the agglomerate formed are easily separated in individual particle and permanently settles in uniform distribution.

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Pesticides are used to protect crops from diseases and weed. Global pesticide market is expected to grow over 6% in coming years owing to rise in population supported by increasing food & beverages demand. Tetrahydrofurfuryl alcohol (THFA) is used as inert ingredient in pesticide. An inert material is not active but intentionally introduced in pesticide product. Inert material serves as solvent and permitting active ingredient in plant outer surface. It protects pesticides from degradation owing to exposure to sun thus extending pesticide shelf life. The growth in pesticide industry should drive the product demand.

Global furfuryl alcohol market share is moderately fragmented. Key players operating in this industry are TransFurans, Penn A Kem, Dyna Chem, Nova Molecular technologies, SolvChem, SweetLake Chemical, Neu Chem, Novasorganics Romana, International Furan Chemicals and Sugar Illovo.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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