Market Overview:
The global furfurol market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for furfural alcohol and other applications of furfurol. Furfural alcohol is used as a solvent in various industries such as pharmaceuticals, agrochemicals, and flavors & fragrances. It is also used as an intermediate for the production of other chemicals such as 2-furanmethanol, tetrahydrofuran (THF), and gamma-butyrolactone (GBL). The growing demand for these products is expected to drive the growth of the global furfurol market during the forecast period.
Product Definition:
Furfuryl alcohol is an organic compound with the formula C4H6O2. It is a colorless, water-soluble liquid. Furfuryl alcohol is used in the production of resins, adhesives, and coatings.
Purity 99%:
Purity 99% is a new type of furan resin, which has been developed by the researchers at the University of South Carolina. It consists of three main components: 1) A polymer backbone made up from five-carbon rings (five-membered furan); 2) An attached oligomer; and 3) One or more sugar molecules.
Purity 98.5%:
Purity 98.5% is a colorless and highly flammable liquid with an odor similar to gasoline. It is used as a solvent in the production of synthetic fragrances, cosmetics, pharmaceuticals, and rubber products. Purity 98.5% has applications in various end-use industries such as electronics & semiconductors, printing ink industry paper coating chemicals & coatings etc.
Application Insights:
Furfuryl alcohol is used as a solvent in the manufacturing of other chemicals. The rising demand for solvents in various industries including pharmaceuticals, paints and coatings, and chemical manufacturing is expected to drive the overall market over the forecast period. Furfural alcohol finds application as an industrial solvent which has few uses after it is no longer pure enough for furfuryl production.
The growing consumption of bio-based solvents owing to their superior properties such as low toxicity and eco-friendly characteristics are likely to create opportunities for new entrants into the market over the coming years. Other applications include use as a herbicide carrier or enhancer along with furfinaginsone, 2,4 Dinitrophenol (DNP), Paraquat (PQG) among others depending on its purity level.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to the presence of a large number of furfuryl alcohol manufacturers coupled with high product demand from various end-use industries such as paints and coatings, pharmaceuticals, agrochemicals, food processing and others. In North America, U.S emerged as a major consumer owing to its growing industrial sector which led to an increase in product consumption for manufacturing diverse products such as adhesives, resins and others.
Asia Pacific is expected to be one of the fastest-growing regions over the forecast period owing to increasing product demand from emerging countries such as China and India on account of rapid industrialization along with rising per capita income levels among consumers will drive industry growth over next eight years or so till 2030 AD (Ago).
Growth Factors:
- Increasing demand from the end-use industries such as pharmaceuticals, agrochemicals, and cosmetics is expected to drive the furfurol market growth.
- Growing awareness about the benefits of furfurol is projected to fuel its demand in various end-use industries over the forecast period.
- Stringent regulations for VOC emissions are likely to create opportunities for furfurol manufacturers in Europe and North America over the next few years.
- The increasing use of furfural derivatives as solvents and intermediates is anticipated to propel market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Furfurol Market Research Report
By Type
Purity 99%, Purity 98.5%, Other
By Application
Solvent, Furfural Alcohol, Other
By Companies
Central Romana, Illovo Sugar, Lenzing Group, Penn A Kem, Silvateam, KRBL, Nutrafur, Hongye Holding, China Furfural, Shijiazhuang Guangxin Weiye, Central Romana, Zibo Huaao Chemical, Henan Huilong Chemical, Pingquan Fengsheng Chemical, Hongye Chemical, Zhongkang, Hebei Xingtai Chunlei
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Furfurol Market Report Segments:
The global Furfurol market is segmented on the basis of:
Types
Purity 99%, Purity 98.5%, Other
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
Solvent, Furfural Alcohol, Other
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:
- Central Romana
- Illovo Sugar
- Lenzing Group
- Penn A Kem
- Silvateam
- KRBL
- Nutrafur
- Hongye Holding
- China Furfural
- Shijiazhuang Guangxin Weiye
- Central Romana
- Zibo Huaao Chemical
- Henan Huilong Chemical
- Pingquan Fengsheng Chemical
- Hongye Chemical
- Zhongkang
- Hebei Xingtai Chunlei
Highlights of The Furfurol 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%
- Other
- By Application:
- Solvent
- Furfural Alcohol
- Other
- 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 Furfurol 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?
Furfurol is a chemical compound that is used as an insecticide. It works by blocking the nerve impulses that control movement in insects.
Some of the major companies in the furfurol market are Central Romana, Illovo Sugar, Lenzing Group, Penn A Kem, Silvateam, KRBL, Nutrafur, Hongye Holding, China Furfural, Shijiazhuang Guangxin Weiye, Central Romana, Zibo Huaao Chemical, Henan Huilong Chemical, Pingquan Fengsheng Chemical, Hongye Chemical, Zhongkang, Hebei Xingtai Chunlei.
The furfurol market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Furfurol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Furfurol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Furfurol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Furfurol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Furfurol Market Size & Forecast, 2020-2028
4.5.1 Furfurol Market Size and Y-o-Y Growth
4.5.2 Furfurol Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Purity 99%
5.2.2 Purity 98.5%
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Solvent
6.2.2 Furfural Alcohol
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Furfurol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Furfurol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Purity 99%
9.6.2 Purity 98.5%
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Solvent
9.10.2 Furfural Alcohol
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Purity 99%
10.6.2 Purity 98.5%
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Solvent
10.10.2 Furfural Alcohol
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Purity 99%
11.6.2 Purity 98.5%
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Solvent
11.10.2 Furfural Alcohol
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Purity 99%
12.6.2 Purity 98.5%
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Solvent
12.10.2 Furfural Alcohol
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Purity 99%
13.6.2 Purity 98.5%
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Solvent
13.10.2 Furfural Alcohol
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Furfurol Market: Competitive Dashboard
14.2 Global Furfurol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Central Romana
14.3.2 Illovo Sugar
14.3.3 Lenzing Group
14.3.4 Penn A Kem
14.3.5 Silvateam
14.3.6 KRBL
14.3.7 Nutrafur
14.3.8 Hongye Holding
14.3.9 China Furfural
14.3.10 Shijiazhuang Guangxin Weiye
14.3.11 Central Romana
14.3.12 Zibo Huaao Chemical
14.3.13 Henan Huilong Chemical
14.3.14 Pingquan Fengsheng Chemical
14.3.15 Hongye Chemical
14.3.16 Zhongkang
14.3.17 Hebei Xingtai Chunlei
