Market Overview:
The global furfural market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market is segmented by type, application, and region. The purity 99% type is expected to grow the fastest during the forecast period. The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share in 2017. North America held the largest share of the furfural market in 2017, followed by Asia Pacific and Europe.
Product Definition:
Furfural is a colorless or pale yellow liquid with a characteristic odor. It is soluble in water, ethanol, and acetone. Furfural is used as a solvent and as an intermediate in the manufacture of other chemicals.
Purity 99%:
Purity 99% is a colorless liquid, which is used as an intermediate in the production of chemicals and pharmaceuticals. It can also be used as a solvent in printing ink and paint industries.
Purity 98.5%:
Purity 98.5% is also known as Furfural and it is a colorless, flammable liquid with an odor similar to vinegar. It has a boiling point of approximately 130 °C (266 °F) and a melting point of 56 °C (131 °F). It's chemical formula is C3H5ONO2.
Application Insights:
Furfural alcohol is the key application segment of the global market and it is used as a chemical intermediate in manufacturing various products such as resins, adhesives, coatings, plasticizers and lubricants. The growing demand for bio-based solvents in industrial applications has been driving the consumption of furfural alcohol over recent years. Furfural solvent finds major application in paints & coatings industry with around 20% of total volume consumed globally.
The others segment includes polymers and other derivatives that are manufactured from furfural using either catalytic or thermal methods. Other applications include pharmaceuticals where it is used to manufacture tablets or capsules; however; its consumption has been declining over recent years owing to shifting preference towards plastics which find their usage as packaging material for drugs worldwide due to their properties such as high resistance against UV light & moisture content less than 0.5%.
Regional Analysis:
North America was the second-largest market for furfuryl alcohol in 2017. North America is anticipated to be one of the fastest growing markets, expanding at a CAGR of XX% from 2018 to 2030 owing to high demand for furfuryl alcohol as an intermediate product and its derivatives such as polyurethane foam and plasticizers. The U.S.
Europe accounted for 24% share in terms of volume in 2017 on account of large production base located mainly in Germany, Belgium, France and Poland coupled with presence Furfurylation plants owned by Evonik Industries AG located at Hoechst (Germany), Stassfurt (Germany) and Gelsenkirchen (Germany).
Growth Factors:
- Increasing demand from end-use industries such as paints & coatings, adhesives, and composites
- Rising demand for furfural in the production of biofuels
- Growing application of furfural in the manufacture of pharmaceuticals and agrochemicals
- Rapid expansion of the global automotive industry
- Rising investment in research and development activities to develop new applications for furfural
Scope Of The Report
Report Attributes
Report Details
Report Title
Furfural Market Research Report
By Type
Purity 99%, Purity 98.5%, Others, Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest
By Application
Furfural Alcohol, Solvent, Others, The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share
By Companies
Hongye Chemical, Lenzing, Penn A Kem, Central Romana, Illovo Sugar, Zhongkang, Hebei Xingtai Chunlei, Silvateam, Shijiazhuang Guangxin Weiye, Zhucheng Taisheng Chemical, Zibo Huaao Chemical, Henan Huilong Chemical, Pingquan Fengsheng Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Furfural Market Report Segments:
The global Furfural market is segmented on the basis of:
Types
Purity 99%, Purity 98.5%, Others, Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Furfural Alcohol, Solvent, Others, The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hongye Chemical
- Lenzing
- Penn A Kem
- Central Romana
- Illovo Sugar
- Zhongkang
- Hebei Xingtai Chunlei
- Silvateam
- Shijiazhuang Guangxin Weiye
- Zhucheng Taisheng Chemical
- Zibo Huaao Chemical
- Henan Huilong Chemical
- Pingquan Fengsheng Chemical
Highlights of The Furfural Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity 99%
- Purity 98.5%
- Others
- Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest
- By Application:
- Furfural Alcohol
- Solvent
- Others
- The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Furfural Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Furfural is a chemical compound with the formula C8H10O2. It is a colorless, flammable liquid that smells like garlic. Furfural is used in the manufacture of plastics and other materials.
Some of the key players operating in the furfural market are Hongye Chemical, Lenzing, Penn A Kem, Central Romana, Illovo Sugar, Zhongkang, Hebei Xingtai Chunlei, Silvateam, Shijiazhuang Guangxin Weiye, Zhucheng Taisheng Chemical, Zibo Huaao Chemical, Henan Huilong Chemical, Pingquan Fengsheng Chemical.
The furfural market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Furfural Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Furfural Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Furfural Market - Supply Chain
4.5. Global Furfural Market Forecast
4.5.1. Furfural Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Furfural Market Size (000 Units) and Y-o-Y Growth
4.5.3. Furfural Market Absolute $ Opportunity
5. Global Furfural Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Furfural Market Size and Volume Forecast by Type
5.3.1. Purity 99%
5.3.2. Purity 98.5%
5.3.3. Others
5.3.4. Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Furfural Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Furfural Market Size and Volume Forecast by Application
6.3.1. Furfural Alcohol
6.3.2. Solvent
6.3.3. Others
6.3.4. The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Furfural Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Furfural Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Furfural Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Furfural Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Furfural Demand Share Forecast, 2019-2026
9. North America Furfural Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Furfural Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Furfural Market Size and Volume Forecast by Application
9.4.1. Furfural Alcohol
9.4.2. Solvent
9.4.3. Others
9.4.4. The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Furfural Market Size and Volume Forecast by Type
9.7.1. Purity 99%
9.7.2. Purity 98.5%
9.7.3. Others
9.7.4. Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Furfural Demand Share Forecast, 2019-2026
10. Latin America Furfural Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Furfural Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Furfural Market Size and Volume Forecast by Application
10.4.1. Furfural Alcohol
10.4.2. Solvent
10.4.3. Others
10.4.4. The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Furfural Market Size and Volume Forecast by Type
10.7.1. Purity 99%
10.7.2. Purity 98.5%
10.7.3. Others
10.7.4. Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Furfural Demand Share Forecast, 2019-2026
11. Europe Furfural Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Furfural Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Furfural Market Size and Volume Forecast by Application
11.4.1. Furfural Alcohol
11.4.2. Solvent
11.4.3. Others
11.4.4. The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Furfural Market Size and Volume Forecast by Type
11.7.1. Purity 99%
11.7.2. Purity 98.5%
11.7.3. Others
11.7.4. Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Furfural Demand Share, 2019-2026
12. Asia Pacific Furfural Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Furfural Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Furfural Market Size and Volume Forecast by Application
12.4.1. Furfural Alcohol
12.4.2. Solvent
12.4.3. Others
12.4.4. The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Furfural Market Size and Volume Forecast by Type
12.7.1. Purity 99%
12.7.2. Purity 98.5%
12.7.3. Others
12.7.4. Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Furfural Demand Share, 2019-2026
13. Middle East & Africa Furfural Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Furfural Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Furfural Market Size and Volume Forecast by Application
13.4.1. Furfural Alcohol
13.4.2. Solvent
13.4.3. Others
13.4.4. The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Furfural Market Size and Volume Forecast by Type
13.7.1. Purity 99%
13.7.2. Purity 98.5%
13.7.3. Others
13.7.4. Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Furfural Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Furfural Market: Market Share Analysis
14.2. Furfural Distributors and Customers
14.3. Furfural Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hongye Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lenzing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Penn A Kem
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Central Romana
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Illovo Sugar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zhongkang
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hebei Xingtai Chunlei
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Silvateam
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shijiazhuang Guangxin Weiye
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zhucheng Taisheng Chemical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zibo Huaao Chemical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Henan Huilong Chemical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Pingquan Fengsheng Chemical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
