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 iconexcel file iconPPT File Image | No. of Slides: 149 | No. of Figures: 46 | No. of Tables: 32


Furfural Market Report - Description

Furfural Market Primary Interviews Breakdown
Furfural Market: Primary Interviews Breakdown By Designation

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.


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    key highlights of the Table of Content

  • Research Methodology
  • Market Overview
  • Market Segmentation
  • Executive Summary
  • Competitive Scenario of Global Furfural Market
  • Global Market By Raw Materials
  • Global Market By Application
  • Global Market By Geographical Regions
  • Company Profiles
  • List of Figures
  • List of Tables

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.


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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

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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