Furfural Market – Global Industry Insights Market Size, Estimation and Growth Forecast By Raw Material (Corn cobs, rice husk, bagasse and others), By Application (Furfuryl alcohol, solvents, pharmaceutical agents and others) & By Regions, 2017-2025

Furfural Market Report Code: CM-101-090717 | Published In Category: Chemicals and Materials

Format: pdf file icon excel file icon | No. of Slides: 149 | No. of Figures: 46 | No. of Tables: 32


Furfural Market Report - Description

The market for Furfural has been covered under the scope of this report. Furfural is produced from agricultural waste and it is a colorless oily liquid with a benzaldehyde-like odor. Its chemical name is 2-Furaldehyde with molecular formula C5H4O2. The global furfural market has been segmented on the basis of raw material, application, and region. It also provides a cross sectional study of the global furfural market across broad regional segments such as North America, Europe, Asia-Pacific (APAC), Middle-East & Africa (MEA) and Latin America under its scope. The market is primarily being driven by the rising demand of furfural for production of furfuryl alcohol, growing penetration of solvent application of furfural and expansion of production capacity by producers among others.

Furfural Market Analysis Report - Primary Interviews Breakdown By Designation
Primary Interviews Breakdown By Designation

A complete analysis of market dynamics, which include the market drivers, restraints, and opportunities, is included under the scope of the furfural market report. Market dynamics are the distinctive factors that influence the growth of any specific market and hence are invaluable in studying the current trends in the global market. Market dynamics for the different segments, namely technology, type, and application, have been covered separately, under the purview of the report. Additionally, the pricing dynamics for each region has also been covered under the scope of the report. The pricing dynamics focuses on the price range of furfural, in each region, and details the reasons for rising or fall in prices of furfural. Thus, this report provides an exhaustive study of the global furfural market and also provides the forecast of the furfural market for the period from 2017 – 2025.

Furfural Market Analysis - Primary Interviews Breakdown By Geography
Primary Interviews Breakdown By Geography

Under the scope of the report on global furfural market, several high-level analyses have been covered. This includes the product-market trend analysis, product lifecycle analysis, Porter’s five forces analysis and market attractiveness analysis. Market evolution analysis discusses regarding the product evolution and current market scenario. Key trends analysis discusses the current and upcoming trends of the furfural market. Product lifecycle analysis analyzes the current life cycle stage of the product in the five wide geographic regions, such as whether the product is approaching maturity in a region or whether it is a new entrant etc. Porter’s five forces analysis provides insights on the competitive scenario, with regards to new entrants, substitutes, buyers, and suppliers. The patent analysis discusses on the various patents being filed and granted, across the different patent offices. For providing a detailed insight into the global furfural market, the market attractive analysis has been provided in the report. Market attractiveness analysis details the investment attractiveness, by each technology, type, application, and geography.

Furfural Market Analysis
Global Revenue Forecast By Raw Materials (2016 Vs 2025)

The competitive profiling of the key players in the global furfural market and their capabilities, as well as major customers, has been exhaustively covered under the purview of the study. Moreover, the distinct business strategies that have been adopted by the major players in the market have also been included in the report.

Some major players in the market are: Hongye Holding Group Corp., Ltd. (China), Central Romana Corporation (Dominican Republic), Tieling North Furfural (Group) Co. Ltd. (China), Illovo Sugar Ltd. (South Africa), Xingtai Chunlei Furfuryl Alcohol Co., Ltd. (China), Arcoy Biorefinery Pvt. Ltd. (India), Silvateam S.P.A. (Italy), Lenzing AG (Austria), Penn A Kem LLC (The U.S.) and Tanin Sevnica D.D among others.

 
The market has been segmented as follows:

Furfural Market, by Raw Material

  • Corn Cobs
  • Rice Husk
  • Bagasse
  • Others

Furfural Market, by Application

  • Furfuryl Alcohol
  • Solvents
  • Pharmaceutical Agents
  • Others

Furfural Market, by Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Italy
    • Scandinavia + CIS
    • Rest of the Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of the Asia Pacific
  • Middle-East & Africa (MEA)
    • South Africa
    • Rest of MEA
  • Central and Latin America
    • Dominican Republic
    • Brazil
    • Rest of the Central and Latin America
 
Table of Content

  1. Introduction
    • Study Objective
    • Assumption
    • Acronyms Used
    • Stakeholder Analysis, Mendelow's Matrix
    • Research Scope
    • Market Segmentation
    • Research Limitations
  2. Research Methodology
    • Parameters
    • Data Sources
      • Primary Data Sources
        • Primary Interviews Breakdown, By Geography
        • Primary Interviews Breakdown, By Designation
      • Research Process
        • Primary data collection process
        • Primary data sources
        • Secondary data collection process
        • Secondary data sources
      • Market Size Estimation Technique
        • Top Down Approach
        • Bottom Up Approach
        • Forecasting Technique
  1. Executive Summary
    • Market Size (Value and Volume), By Raw Material, 2016 Vs. 2025
    • Market Size (Value and Volume), By Application, 2016 Vs. 2025
    • Market Size (Value and Volume), By Region, 2016 Vs. 2025
  2. Market Overview
    • Market Definition
    • Product Lifecycle
    • Porter’s Five Forces Analysis
    • Market Attractiveness Analysis
  3. Global Furfural Market – Competitive Scenario
    • Market Share Analysis of Key Players
    • Competitive Strategies Adopted by Leading Players
  4. Global Furfural Market – By Raw Material
    • Overview – By Raw Material
    • Raw Material Trends
    • Market Dynamics, By Raw Material
      • Drivers
      • Restraints
      • Opportunities
    • Market Opportunity Heat Map, By Raw Material
    • Corn Cobs
    • Rice Husk
    • Bagasse
    • Others
  5. Global Furfural Market – By Application
    • Overview – By Application
    • Application Trends
    • Market Dynamics, By Application
      • Drivers
      • Restraints
      • Opportunities
    • Market Opportunity Heat Map, By Application
    • Furfuryl Alcohol
    • Solvents
    • Pharmaceutical Agents
    • Others
  6. North America Furfural Market
    • North America Market: Overview
    • North America Market: Market Dynamics
      • Price Driver’s Impact Analysis
      • Price Restraint’s Impact Analysis
    • North America Market: By Raw Material
    • North America Market: By Application
    • North America Market: By Country
  7. Europe Market
    • Europe Market: Overview
    • Europe Market: Market Dynamics
      • Price Driver’s Impact Analysis
      • Price Restraint’s Impact Analysis
    • Europe Market: By Raw Material
    • Europe Market: By Application
    • Europe Market: By Country
  8. Asia Pacific Market
    • Asia Pacific Market: Overview
    • Asia Pacific Market: Market Dynamics
      • Price Driver’s Impact Analysis
      • Price Restraint’s Impact Analysis
    • Asia Pacific Market: By Raw Material
    • Asia Pacific Market: By Application
    • Asia Pacific Market: By Country
  9. The Middle East & Africa (MEA) Furfural Market
    • MEA Furfural Market: Overview
    • MEA Furfural Market: By Raw Material
    • MEA Furfural Market: By Application
    • MEA Furfural Market: By Country
  10. Central and Latin America Furfural Market
    • Central and Latin America Market: Overview
    • Central and Latin America Market: By Raw Material
    • Central and Latin America Market: By Application
    • Central and Latin America Market: By Country
  11. Company Profiles
    • Hongye Holding Group Corp., Ltd.
      • Business Overview
      • Company Description
      • Primary Business Segments
      • SWOT Analysis
      • Strategy Mapping
      • Financial Overview
    • Central Romana Corporation
      • Business Overview
      • Company Description
      • Primary Business Segments
      • SWOT Analysis
      • Strategy Mapping
      • Financial Overview
    • Tieling North Furfural (Group) Co. Ltd.
      • Business Overview
      • Company Description
      • Primary Business Segments
      • SWOT Analysis
      • Strategy Mapping
      • Financial Overview
    • Illovo Sugar Ltd.
      • Business Overview
      • Company Description
      • Primary Business Segments
      • SWOT Analysis
      • Strategy Mapping
      • Financial Overview
    • Xingtai Chunlei Furfuryl Alcohol Co., Ltd.
      • Business Overview
      • Company Description
      • Primary Business Segments
      • SWOT Analysis
      • Strategy Mapping
      • Financial Overview
    • Arcoy Biorefinery Pvt. Ltd.
      • Business Overview
      • Company Description
      • Primary Business Segments
      • SWOT Analysis
      • Strategy Mapping
      • Financial Overview
    • Silvateam S.P.A.
      • Business Overview
      • Company Description
      • Primary Business Segments
      • SWOT Analysis
      • Strategy Mapping
      • Financial Overview
    • Lenzing AG
      • Business Overview
      • Company Description
      • Primary Business Segments
      • SWOT Analysis
      • Strategy Mapping
      • Financial Overview
    • Penn A Kem LLC
      • Business Overview
      • Company Description
      • Primary Business Segments
      • SWOT Analysis
      • Strategy Mapping
      • Financial Overview
    • Tanin Sevnica D.D.
      • Business Overview
      • Company Description
      • Primary Business Segments
      • SWOT Analysis
      • Strategy Mapping
      • Financial Overview

 

List of Figures

Figure 01: Market Attractiveness, By Geography (2016)

Figure 02: Market Attractiveness, By Raw Material (2016)

Figure 03: Market Attractiveness, By Application (2016)

Figure 04: Production Volume Share of Key Players (2016)

Figure 05: Global Revenue Forecast (USD Million): By Raw Material (2016 Vs 2025)

Figure 06: Global Volume Forecast (Kilotonne): By Raw Material (2016 Vs 2025)

Figure 07: Corn Cobs- Revenue and Volume Forecast

Figure 08: Rice Husk- Revenue and Volume Forecast

Figure 09: Bagasse- Revenue and Volume Forecast

Figure 10: Others- Revenue and Volume Forecast

Figure 11: Global Revenue Forecast (USD Million): By Application (2016 Vs 2025)

Figure 12: Global Volume Forecast (Kilotonne): By Application (2016 Vs 2025)

Figure 13: Furfuryl Alcohol- Revenue and Volume Forecast

Figure 14: Solvents- Revenue and Volume Forecast

Figure 15: Pharmaceutical Agents- Revenue and Volume Forecast

Figure 16: Others- Revenue and Volume Forecast

Figure 17: North America Revenue Forecast (USD Million): By Raw Material

Figure 18: North America Volume Forecast (Kilotonne): By Raw Material

Figure 19: North America Revenue Forecast (USD Million): By Application

Figure 20: North America Volume Forecast (Kilotonne): By Application

Figure 21: North America Revenue Forecast (USD Million): By Country

Figure 22: North America Volume Forecast (Kilotonne): By Country

Figure 23: Europe Revenue Forecast (USD Million): By Raw Material

Figure 24: Europe Volume Forecast (Kilotonne): By Raw Material

Figure 25: Europe Revenue Forecast (USD Million): By Application

Figure 26: Europe Volume Forecast (Kilotonne): By Application

Figure 27: Europe Revenue Forecast (USD Million): By Country

Figure 28: Europe Volume Forecast (Kilotonne): By Country

Figure 29: Asia Pacific Revenue Forecast (USD Million): By Raw Material

Figure 30: Asia Pacific Volume Forecast (Kilotonne): By Raw Material

Figure 31: Asia Pacific Revenue Forecast (USD Million): By Application

Figure 32: Asia Pacific Volume Forecast (Kilotonne): By Application

Figure 33: Asia Pacific Revenue Forecast (USD Million): By Country

Figure 34: Asia Pacific Volume Forecast (Kilotonne): By Country

Figure 35: MEA Revenue Forecast (USD Million): By Raw Material

Figure 36: MEA Volume Forecast (Kilotonne): By Raw Material

Figure 37: MEA Revenue Forecast (USD Million): By Application

Figure 38: MEA Volume Forecast (Kilotonne): By Application

Figure 39: MEA Revenue Forecast (USD Million): By Country

Figure 40: MEA Volume Forecast (Kilotonne): By Country

Figure 41: Latin and Central America Revenue Forecast (USD Million): By Raw Material

Figure 42: Latin and Central America Volume Forecast (Kilotonne): By Raw Material

Figure 43: Latin and Central America Revenue Forecast (USD Million): By Application

Figure 44: Latin and Central America Volume Forecast (Kilotonne): By Application

Figure 45: Latin and Central America Revenue Forecast (USD Million): By Country

Figure 46: Latin and Central America Volume Forecast (Kilotonne): By Country

 

 List of Tables

Table 01: Market Opportunity Heat Map, By Raw Material

Table 02: Market Opportunity Heat Map, By Application

Table 03: North America Market, By Raw Material: Revenue Forecast (USD Million)

Table 04: North America Market, By Raw Material: Volume Forecast (Kilotonne)

Table 05: North America Market, By Application: Revenue Forecast (USD Million)

Table 06: North America Market, By Application: Volume Forecast (Kilotonne)

Table 07: North America Market, By Country: Revenue Forecast (USD Million)

Table 08: North America Market, By Application: Volume Forecast (Kilotonne)

Table 09: Europe Market, By Raw Material: Revenue Forecast (USD Million)

Table 10: Europe Market, By Raw Material: Volume Forecast (Kilotonne)

Table 11: Europe Market, By Application: Revenue Forecast (USD Million)

Table 12: Europe Market, By Application: Volume Forecast (Kilotonne)

Table 13: Europe Market, By Country: Revenue Forecast (USD Million)

Table 14: Europe Market, By Application: Volume Forecast (Kilotonne)

Table 15: Asia Pacific Market, By Raw Material: Revenue Forecast (USD Million)

Table 16: Asia Pacific Market, By Raw Material: Volume Forecast (Kilotonne)

Table 17: Asia Pacific Market, By Application: Revenue Forecast (USD Million)

Table 18: Asia Pacific Market, By Application: Volume Forecast (Kilotonne)

Table 19: Asia Pacific Market, By Country: Revenue Forecast (USD Million)

Table 20: Asia Pacific Market, By Country: Volume Forecast (Kilotonne)

Table 21: MEA Market, By Raw Material: Revenue Forecast (USD Million)

Table 22: MEA Market, By Raw Material: Volume Forecast (Kilotonne)

Table 23: MEA Market, By Application: Revenue Forecast (USD Million)

Table 24: MEA Market, By Application: Volume Forecast (Kilotonne)

Table 25: MEA Market, By Country: Revenue Forecast (USD Million)

Table 26: MEA Market, By Country: Volume Forecast (Kilotonne)

Table 27: Latin and Central America Market, By Raw Material: Revenue Forecast (USD Million)

Table 28: Latin and Central America Market, By Raw Material: Volume Forecast (Kilotonne)

Table 29: Latin and Central America Market, By Application: Revenue Forecast (USD Million)

Table 30: Latin and Central America Market, By Application: Volume Forecast (Kilotonne)

Table 31: Latin and Central America Market, By Country: Revenue Forecast (USD Million)

Table 32: Latin and Central America Market, By Application: Volume Forecast (Kilotonne)

Furfural Market - Introduction

Furfural is colorless oily liquid, which is produced from agricultural waste and it has applications as solvents, chemical feedstock, renewable building block and pharmaceutical ingredients among others. Some of the common raw materials for furfural production are corn cobs, sugarcane bagasse, cotton seed hull, rice husk, saw dust and biomass.

Furfural Market Analysis - Global Revenue Share
Global Revenue Share By Geography (2016 Vs 2025)
 

Market Dynamics

The primary driving factors of the global furfural market are increasing demand of furfuryl alcohol in foundries, and growth in demand of solvent applications. Also, the growing demand for furfural for refining of lubricating oils and decolorizing agent for crude wood rosin is also driving the growth of the furfural market. Additionally, the rise in the application of furfural as a wetting agent and reactive solvent in the steel industry has significantly boosted the furfural market growth prospects. Wide application of furfural as chemical feedstock for the production of furfuryl alcohol, methylfuran, furan, furoic acid, furfurylamine etc. is identified as long term growth driver for the market. Considering the positive impacts of the aforementioned factors, the demand for furfural is expected to rise during the forecast period from 2017 – 2025.

 

Segmentation Overview

Based on raw material, the global market has been segmented into corn cobs, rice husk, bagasse, and others. As of 2016, corn cobs held the largest share both in terms of revenue and volume. Corn cobs are preferred for the production of furfural due to its capability to produce a high yield of furfural content, convenience in terms of sourcing and greater awareness among producers regarding benefits of using this raw material.

On the basis of application, the market has been divided into furfuryl alcohol, solvents, pharmaceutical agents and others. By both revenue and volume, furfuryl alcohol was the market leader in 2016. The growing application of furfuryl alcohol in furan resin production, rocket fuel production and synthesis of crosslinked polymer products, which were instrumental in gaining the leading position of this segment.

 

Regional Outlook

Furfural market has been further segmented into five broad geographic regions, namely North America, Europe, Asia Pacific (APAC), Middle-East & Africa (MEA) and Latin America. Asia Pacific occupied the largest share of the market in 2016. The large market share can be attributed to growing application of furfural as chemical feedstock across this region.

 

Leading Player Mapping

Some major players in the market are: Hongye Holding Group Corp., Ltd. (China), Central Romana Corporation (Dominican Republic), Tieling North Furfural (Group) Co. Ltd. (China), Illovo Sugar Ltd. (South Africa), Xingtai Chunlei Furfuryl Alcohol Co., Ltd. (China), Arcoy Biorefinery Pvt. Ltd. (India), Silvateam S.P.A. (Italy), Lenzing AG (Austria), Penn A Kem LLC (The U.S.) and Tanin Sevnica D.D among others.

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