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The furfural market size is forecast to increase by USD 228.2 million, at a CAGR of 6.78% between 2023 and 2028. Derived from agricultural by-products, furfural finds applications in a range of products, including refractory materials, bricks, fiberglass, and ceramic matix composites. The market's expansion hinges on diverse factors, notably its versatile applications across various industries, catering to a broad spectrum of needs. Strategic mergers and acquisitions play a pivotal role in propelling market growth, fostering innovation and market consolidation. Moreover, the escalating preference for eco-friendly products acts as a significant driver, reflecting the growing environmental consciousness among consumers and businesses alike. This trend toward sustainability fuels the demand for products that minimize ecological footprints and promote responsible consumption practices. As industries increasingly prioritize environmental stewardship, the market stands to benefit from the rising adoption of sustainable solutions, paving the way for continued growth and development across sectors.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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