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Furfural Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

November 2022 | 145 pages | ID: FF171DEFF55AEN
IMARC Group

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The global furfural market size reached US$ 680 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,000 Million by 2027, exhibiting a growth rate (CAGR) of 6.5% during 2022-2027.

Furfural (C4H3OCHO) is a naturally occurring compound formed by dehydrating carbon sugars and obtained from the hemicellulose fraction of lignocellulosic biomass. It is a versatile chemical, which is widely utilized as a raw material to produce phenol-furfural-resins. It can also be converted into furfuryl alcohol, tetrahydrofurfuryl alcohol (THFA), tetrahydrofuran, furan, and diols. Amongst these, furfuryl alcohol finds extensive applications as a flavoring agent and filler in the manufacturing of paints, textiles, and plastics across the globe, which is positively influencing their overall sales.

Furfural Market Trends:
The wide applications of furfural in various end use industries represent one of the primary factors bolstering the market growth. For instance, it is used to manufacture plastics, adhesives, nematicides, inks, antacids, fungicides, fertilizers, and flavoring compounds worldwide. In addition to this, the escalating demand for packaged food products on account of hectic schedules, increasing working population, inflating income levels and convenience offered is fueling the adoption of furfural in the food and beverage (F&B) industry. Moreover, the increasing shortage of food due to rapid urbanization, growing global population, changing climatic conditions, and declining arable land area is catalyzing the demand for furfural in the manufacturing of pesticides. Furthermore, the growing focus on personal health and hygiene is driving the demand for furfural for making perfumes and fragrances. Its derivatives are also finding extensive applications in manufacturing fiberglass, and aircraft and automobile components. Apart from this, due to the growing environmental concerns and the need for minimizing dependence on petrochemicals, furfurals are gaining traction as a potential source to produce biofuels. Moreover, emerging novel applications of furfural are projected to strengthen the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global furfural market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on process, raw material, application and end user.

Breakup by Process:

Quaker Batch Process
Chinese Batch Process
Rosenlew Continuous Process
Others

Breakup by Raw Material:

Corn Cobs
Rice Husk
Sugarcane Bagasse
Others

Breakup by Application:

Furfuryl Alcohol
Solvent
Others

Breakup by End User:

Agriculture
Petroleum Refineries
Paints and Coatings
Pharmaceuticals
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Behran Oil Company, Central Romana Corporation Ltd., Hongye Holding Group Corporation Limited, Illovo Sugar Ltd. (Associated British Foods plc), KRBL Limited, Lenzing Aktiengesellschaft, Linzi Organic Chemical Inc. Ltd., Pennakem LLC, Shandong Crownchem Industries Co. Ltd, Silvateam S.p.a., Tanin d.d., TransFurans Chemicals bvba and Xian Welldon Trading Co. Ltd.

Key Questions Answered in This Report:
How has the global furfural market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global furfural market?
What are the key regional markets?
What is the breakup of the market based on the process?
What is the breakup of the market based on the raw material?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global furfural market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL FURFURAL MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PROCESS

6.1 Quaker Batch Process
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Chinese Batch Process
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Rosenlew Continuous Process
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY RAW MATERIAL

7.1 Corn Cobs
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Rice Husk
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Sugarcane Bagasse
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 Furfuryl Alcohol
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Solvent
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Others
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY END USER

9.1 Agriculture
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Petroleum Refineries
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Paints and Coatings
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Pharmaceuticals
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Others
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Behran Oil Company
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 SWOT Analysis
  15.3.2 Central Romana Corporation Ltd.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 SWOT Analysis
  15.3.3 Hongye Holding Group Corporation Limited
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 SWOT Analysis
  15.3.4 Illovo Sugar Ltd. (Associated British Foods plc)
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 SWOT Analysis
  15.3.5 KRBL Limited
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 SWOT Analysis
  15.3.6 Lenzing Aktiengesellschaft
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 SWOT Analysis
  15.3.7 Linzi Organic Chemical Inc. Ltd.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 SWOT Analysis
  15.3.8 Pennakem LLC
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 SWOT Analysis
  15.3.9 Shandong Crownchem Industries Co. Ltd
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 SWOT Analysis
  15.3.10 Silvateam S.p.a.
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 SWOT Analysis
  15.3.11 Tanin d.d.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 SWOT Analysis
  15.3.12 TransFurans Chemicals bvba
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 SWOT Analysis
  15.3.13 Xian Welldon Trading Co. Ltd
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio
    15.3.13.3 SWOT Analysis

LIST OF TABLES

Table 1: Global: Furfural Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Furfural Market Forecast: Breakup by Process (in Million US$), 2022-2027
Table 3: Global: Furfural Market Forecast: Breakup by Raw Material (in Million US$), 2022-2027
Table 4: Global: Furfural Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Furfural Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Furfural Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Furfural Market: Competitive Structure
Table 8: Global: Furfural Market: Key Players

LIST OF FIGURES

Figure 1: Global: Furfural Market: Major Drivers and Challenges
Figure 2: Global: Furfural Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Furfural Market: Breakup by Process (in %), 2021
Figure 5: Global: Furfural Market: Breakup by Raw Material (in %), 2021
Figure 6: Global: Furfural Market: Breakup by Application (in %), 2021
Figure 7: Global: Furfural Market: Breakup by End User (in %), 2021
Figure 8: Global: Furfural Market: Breakup by Region (in %), 2021
Figure 9: Global: Furfural (Quaker Batch Process) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Furfural (Quaker Batch Process) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Furfural (Chinese Batch Process) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Furfural (Chinese Batch Process) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Furfural (Rosenlew Continuous Process) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Furfural (Rosenlew Continuous Process) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Furfural (Other Processes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Furfural (Other Processes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Furfural (Corn Cobs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Furfural (Corn Cobs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Furfural (Rice Husk) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Furfural (Rice Husk) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Furfural (Sugarcane Bagasse) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Furfural (Sugarcane Bagasse) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Furfural (Other Raw Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Furfural (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Furfural (Furfuryl Alcohol) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Furfural (Furfuryl Alcohol) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Furfural (Solvent) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Furfural (Solvent) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Furfural (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Furfural (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Furfural (Agriculture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Furfural (Agriculture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Furfural (Petroleum Refineries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Furfural (Petroleum Refineries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Furfural (Paints and Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Furfural (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Furfural (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Furfural (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Furfural (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Furfural (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia-Pacific: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia-Pacific: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Furfural Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Furfural Market: Breakup by Country (in %), 2021
Figure 89: Middle East and Africa: Furfural Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Global: Furfural Industry: SWOT Analysis
Figure 91: Global: Furfural Industry: Value Chain Analysis
Figure 92: Global: Furfural Industry: Porter's Five Forces Analysis


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