As per this study the Global Furfural Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
Furfural alternatively is known, 2-furanaldehyde is an oily, sweet smelling, colorless to brown shaded heterocyclic compound, extracted from corncobs, oat, wheat bran, and sawdust. It is renewable, non-petroleum based material that acts as base material or intermediate to in various industrial processes. Owing to this, it is extensively used as a selective solvent for refining lubricant oil but has also extended its application as a fungicide, weedicide, and insecticides.
The rising demand of the product as a food additive and intermediate in the synthesis of pharmaceutical, herbicide, insecticide, and other synthetic compounds are fueling the market growth. Also, growing awareness regarding green chemicals coupled with rising environmental concerns is driving the market growth. Ongoing focus towards usage of renewable energy sources to minimize dependency on fossil fuels is favoring the market growth. Growing usage as feedstock or intermediate for the synthesis of furan-based chemicals is further propelling market growth. In spite of this, the high cost of production may act as a roadblock for market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of furfural.
The broad furfural market has been sub-grouped into raw material, application and end-user industry. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Raw Material
By End-User Industry
- Corn Cob
- Rice Husk
- Sugarcane Bagasse
- Petroleum Refineries
- Agricultural Formulations
- Paints & Coating
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for furfural in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Furfural Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the furfural market include Arcoy Industries Pvt Ltd., Central Romana Corporation Ltd., Hongye Holdings Group Co., Ltd., Illovo Sugar Ltd., Krbl Ltd., Lenzing Ag, Penn A Kem LLC, Silvateam, Tanin Sevnica D.D. and Tieling North Furfural (Group) Co. among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
2. EXECUTIVE SUMMARY
- Introduction To Furfural
- Report Description
- Objectives Of The Study
- Research Scope
- Research Methodology
3. MARKET ANALYSIS
- Market Highlight
- Global Furfural Market: Snapshot
4. FURFURAL MARKET ANALYSIS BY RAW MATERIAL
- Porter’s Five Forces Analysis
- Value Chain Analysis
5. FURFURAL MARKET ANALYSIS BY APPLICATION
- Market In Corn Cob
- Market In Rice Husk
- Market In Sugarcane Bagasse
- Market In Others
6. FURFURAL MARKET ANALYSIS BY END-USER INDUSTRY
- Market Furfuryl Alcohol
- Market In Solvent
7. FURFURAL MARKET ANALYSIS BY GEOGRAPHY
- Market Petroleum Refineries
- Market In Agricultural Formulations
- Market In Paints & Coating
- Market In Pharmaceuticals
- Market In Others
8. COMPETITIVE LANDSCAPE OF THE FURFURAL COMPANIES
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
- Rest Of The World (RoW)
- Rest Of The World Market Estimates
- Rest Of The World Market Estimates By Country
9. COMPANY PROFILES OF THE FURFURAL INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Market Competition
- Mergers And Acquisitions
- New Product Launches
- Other Developments
* Tentative TOC
LIST OF TABLES
- Arcoy Industries Pvt Ltd.
- Central Romana Corporation Ltd.
- Hongye Holdings Group Co., Ltd.
- Illovo Sugar Ltd.
- Krbl Ltd.
- Lenzing Ag
- Penn A Kem LLC
- Tanin Sevnica D.D.
- Tieling North Furfural (Group) Co.
Table 1. Market Highlights Of Furfural
Table 2. Global Furfural Market By Raw Material
Table 3. Global Furfural Market By Application
Table 4. Global Furfural Market By End-User Industry
Table 5. Global Furfural Market By Geography
Table 6. North America Furfural Market
Table 7. Europe Furfural Market
Table 8. Asia Pacific Furfural Market
Table 9. Latin America Furfural Market
Table 10. Middle East And Africa Furfural Market
Table 11. Partnership/Collaboration/Agreements
Table 12. Mergers And Acquisitions
Table 13. New Product Development
Table 14. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Furfural Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Furfural
Fig. 5. Porter’s Five Forces Analysis
Fig. 6. Value Chain Analysis
Fig. 7. Global Furfural Market By Raw Material
Fig. 8. Global Furfural Market By Application
Fig. 9. Global Furfural Market By End-User Industry
Fig. 10. Global Furfural Market By Geography
Fig. 11. North America Furfural Market
Fig. 12. Europe Furfural Market
Fig. 13. Asia Pacific Furfural Market
Fig. 14. Latin America Furfural Market
Fig. 15. Middle East And Africa Furfural Market
Fig. 16. Market Share Of Furfural Companies
Fig. 17. Recent Developments In Furfural Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.