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Furfuryl Alcohol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24474
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Furfuryl Alcohol Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Furfuryl Alcohol | Chemical | USA | 1696 USD/MT |
| Furfuryl Alcohol | Chemical | China | 1486 USD/MT |
| Furfuryl Alcohol | Chemical | Germany | 1626 USD/MT |
The price of furfuryl alcohol in the United States during Q4 2023 reached 1696 USD/MT. Similarly, in China, the furfuryl alcohol prices hit 1486 USD/MT during Q4 2023. Moreover, Germany saw furfuryl alcohol prices reaching 1626 USD/MT during December 2023.
Furfuryl Alcohol Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Furfuryl Alcohol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of furfuryl alcohol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of furfuryl alcohol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of furfuryl alcohol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing furfuryl alcohol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Furfuryl Alcohol Market Analysis
The global furfuryl alcohol market size reached US$ 530.37 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 851.42 Million, at a projected CAGR of 5.40% during 2023-2032.
- The widespread use of furfuryl alcohol in the foundry sector for manufacturing furan resins is a major factor driving the furfuryl alcohol market. These resins play a vital role in sand binders for metal casting, resulting in a growing need for furfuryl alcohol as a raw material.
- The rapid product utilization in the formulation of corrosion-resistant materials and coatings in the construction sector is benefiting the market. This shift is also reinforced by the need of the sector for sturdy and enduring construction supplies, thus boosting the market growth overall.
- The growing rate of vehicle production globally is fueling the need for furfuryl alcohol-derived resin materials, which are utilized in the production of sturdy, long-lasting automobile components of top quality.
- Furfuryl alcohol plays a crucial role in producing a variety of chemicals, and therefore, the expansion of the chemical industry, especially in emerging nations, is fueling the uptake of the compound.
- Furthermore, strict environmental laws imposed by authorities are prompting manufacturers to embrace eco-friendly materials and procedures. Due to its origins in sustainable sources and compliance with current regulations, furfuryl alcohol is being widely adopted by companies, creating lucrative opportunities in the market.
- Furfuryl alcohol is widely adopted in the agriculture sector as it is popularly known to improve the effectiveness and output of fertilizers. This is providing an impetus to the market growth.
- The rise in demand for furfuryl alcohol worldwide is driven by industries' growing focus on sustainable and renewable materials to improve their environmental impact and production quality. Since furfural and furfuryl alcohol are key bio-based platform chemicals derived from biomass, offering a sustainable alternative to petroleum-based resources to produce non-petroleum based high-quality polymer concrete with exceptional properties, this is favoring the growth of the market significantly.
- Ongoing progress in manufacturing technology for furfuryl alcohol is resulting in lower product expenses and enhanced quality, which in turn is resulting in a higher product uptake.
Furfuryl Alcohol News
The report covers the latest developments, updates, and trends impacting the global furfuryl alcohol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in furfuryl alcohol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the furfuryl alcohol price trend.
Latest developments in the furfuryl alcohol industry:
- February 14th, 2024: PFC International signed a Memorandum of Agreement (MOA) with Assam Bio Refinery Private Limited (ABRPL) to set up a bio-refinery plant in Numaligarh, Assam. The plant will produce 2G bioethanol along with other products, such as furfuryl alcohol, acetic acid, liquid CO2 and 24 MW bio-coal using dry bamboo as the input raw material.
Product Description
Furfuryl alcohol (FA) is a bio-based chemical primarily derived from agricultural residues, such as corn cobs, oat hulls, and sugarcane bagasse. Its production involves the catalytic hydrogenation of furfural, wherein furfural reacts with hydrogen in the presence of a catalyst, typically copper chromite or nickel. This colorless to light yellow liquid, known for its distinctive odor, is prized across various industrial applications for its excellent solubility in organic solvents. This high-reactivity compound is also utilized as an intermediate in producing furan resins, which are crucial for sand binders in metal casting processes.
Moreover, FA is essential in manufacturing corrosion-resistant materials, significantly enhancing the longevity of infrastructure in the construction industry. In the agricultural sector, it plays a vital role in formulating pesticides and herbicides, thereby impelling the crop productivity. FA's renewable nature and alignment with eco-friendly practices make it a preferred choice in light of stringent environmental regulations.
Regional Coverage
The report provides a detailed analysis of the furfuryl alcohol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the furfuryl alcohol price trend.
Global Furfuryl Alcohol Price
The report offers a holistic view of the global furfuryl alcohol pricing trends in the form of furfuryl alcohol price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of furfuryl alcohol but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed furfuryl alcohol demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Furfuryl Alcohol Price
European furfuryl alcohol prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed furfuryl alcohol price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Furfuryl Alcohol Price
The analysis of furfuryl alcohol prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific furfuryl alcohol historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Furfuryl Alcohol Price
The report explores the furfuryl alcohol pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on furfuryl alcohol prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Furfuryl Alcohol Price
The furfuryl alcohol pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This furfuryl alcohol price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Furfuryl Alcohol Price
The analysis of furfuryl alcohol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Furfuryl Alcohol |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Furfuryl Alcohol Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of furfuryl alcohol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting furfuryl alcohol price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The furfuryl alcohol price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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