The latest report by IMARC Group, titled "Furfuryl Alcohol Prices Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Furfuryl Alcohol Price Trend. This report delves into the price of Furfuryl Alcohol globally, presenting a detailed analysis and an informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this Price report an invaluable resource for industry stakeholders.

Furfuryl Alcohol Prices Last Quarter: 

• United States: 1696 USD/MT
• China: 1486 USD/MT
• Germany: 1626 USD/MT

Request For a Sample Copy of the Report: https://www.imarcgroup.com/furfuryl-alcohol-pricing-report/requestsample

Key Insights on the Furfuryl Alcohol Price Trend:

Furfuryl alcohol is an organic compound derived from furfural, a chemical produced from agricultural byproducts such as corn cobs, oat hulls, and sugarcane bagasse. It is a colorless to pale yellow liquid with a mild, pleasant odor, which darkens upon exposure to air and light. As a highly versatile chemical, furfuryl alcohol is primarily used in the production of furan resins, which are employed in foundry sand binders for metal casting, coatings, and adhesives. It is also utilized in the manufacture of corrosion-resistant materials and polymers. Furfuryl alcohol is miscible with most organic solvents, including alcohols, ethers, and acetone, but has limited solubility in water. One of its notable properties is its high reactivity, making it suitable for polymerization and resin formulations. It has a boiling point of 170°C and a flash point of 65°C, making it relatively volatile.

Factors Influencing Furfuryl Alcohol Prices Trend Across Different Regions:

The global furfuryl alcohol prices are experiencing significant growth driven by rising demand for furan-based resins, particularly in the foundry industry, where furfuryl alcohol is a critical component used as a binder in metal casting processes. In line with this, they are increasing industrialization and infrastructure development, which fuels the need for cast metal products in construction and manufacturing, thus aiding the market demand.

Additionally, the push for eco-friendly and sustainable raw materials is propelling furfuryl alcohol consumption, as it is derived from renewable sources such as agricultural waste, aligning with the growing global emphasis on green chemistry and circular economy initiatives. Moreover, the renewable energy sector is expanding rapidly, with significant investments in offshore wind farms in countries like the UK and Germany. Besides this, the expanding use of furfuryl alcohol in corrosion-resistant materials, coatings, and adhesives, particularly in industries such as automotive, construction, and packaging, where high-performance materials are in demand. Along with this, companies are investing heavily in battery production facilities, with major automakers like Ford and General Motors focusing on scaling up electric vehicle (EV) production.

Furthermore, increasing regulations regarding volatile organic compounds (VOCs) and the shift toward low-emission materials are also contributing to the adoption of furfuryl alcohol-based products, as they offer better environmental compliance. Apart from this, the surge in demand for bio-based chemicals, as companies transition away from petrochemicals is bolstering the furfuryl alcohol market, with its natural and sustainable origin being highly appealing.

Regional Price Analysis: 

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and 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 and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco 

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

About Us: 

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

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