“According to United States International Trade Commission, its determines pursuant to the Tariff Act of 1930 (“the Act”), that revocation of the antidumping duty order on furfuryl alcohol from China would be likely to lead to continuation or recurrence of material injury to an industry in the United States within a reasonably foreseeable time.”
The article cited AMA's Global Furfuryl Alcohol Market Study explored substantial growth with CAGR of 5.2%. According the report, Upsurge widely used in binders for traditional furan no-bake systems
is one of the primary growth factors for the market. Increased Demand Of Bio-Based Products In Worldwide.
is also expected to contribute significantly to the Furfuryl Alcohol market. Overall, Bio-fuel
applications of Furfuryl Alcohol, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Furfuryl Alcohol market identified that the demand is rising in many different parts of the world as "Increasing Demand of Plastic in Construction and Paints Industries.
" Furthermore, some recent industry insights like "Silva team introduced a furfuryl alcohol which is a colorless organic liquid that produced at Argentina region which is beneficial in providing catalytic hydrogenation process at high pressure, starting from furfural. It is also used for production of production of thermosetting resins and resistant to chemicals and solvents." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Furfuryl Alcohol market by Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Furfuryl Alcohol market and other related sub-markets covered in the study.
o Key & emerging players in the Furfuryl Alcohol market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Furfuryl Alcohol market size is calculated using market estimation process, the Furfuryl Alcohol market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Furfuryl Alcohol market size has been validated using both top-down and bottom-up approaches.