Chemical and Material

Furfural Market Dynamics Forecast Analysis and Supply Demand By 2030

Vision Research Report, Recently Announced New Report on “furfural market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.

Global “Furfural market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The Furfural research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.

The Furfural market revenue share is set to grow at a yearly rate of 504.1 Mn% during 2021-2030, while its valuation is Projeted to jump from $ 504.1 Mn in 2020 to $1301.9 million in 2030.

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Report Highlights

Chinese batch was the dominant process segment and held a market share of over 90%. This process is majorly used in China, which is the largest manufacturer across the globe. Quaker batch process is one of the oldest manufacturing processes, while others are modified versions of the former processes. The major difference between the Quaker batch and Rosenlew continuous processes is that the former uses sulfuric acid as a catalyst, while the latter does not require a separate catalyst.

Corncobs raw material segment led the global market with a share of over 83% in 2020. It is estimated to retain its dominant position throughout the forecast years due to the extensive use of the raw material in the production of furfural. The yield from corncob is the maximum, thus, marking corncob the most desirable raw material for production. In addition, corncob, when used as a biomass feedstock, delivers promising opportunities for renewable energy creation.

In terms of revenue, refineries dominated the market with a share of 60.6% in 2020. This high share is attributable to its high consumption as a solvent in petroleum refining, specialist adhesives, and lubricants.

Furfural is extensively applied as insecticide, nematicide, and fungicide in the agrochemical industry. It is an active ingredient in various nematicides such as crop protectors or crop guards. The product is also used as a weed killer in horticulture. It is a contact nematicide, mechanically incorporated or moved into the soil during irrigation, and used in reasonably low concentrations. As an agrochemical, it is comparatively harmless and easy to apply.

Furfuryl alcohol emerged as the leading application segment in 2020 accounting for a share of over 95%, as it is predominantly used as a binder in the foundry industry. Furfuryl alcohol is primarily used for the synthesis of furan resin, which is a substantial chemical feedstock used in the production of adhesives, casting resins, thermoset polymer matrix composites, coatings, and cement. Furfuryl alcohol, which is considered as an organic chemical, is also used as a solvent in the petroleum & refining industry.

The Asia Pacific emerged as the dominant region with a market share of over 84% in 2020. This is attributable to the high production of furfural in the region, especially in China, and growth in several end-use industries including agriculture, food & beverage, pharmaceutical, and refinery. Asia Pacific market is also projected to witness the fastest CAGR from 2020 to 2030 on account of the rising product demand from the chemical and foundry industries.

Global Furfural market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The Furfural trade trends and promoting channels analysed. Furfural Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.

Key Players

  • Illovo Sugar Africa (Pty.) Ltd.
  • Central Romana Corporation
  • TransFurans Chemicals bvba
  • Pennakem, LLC
  • Hebeichem
  • Silvateam S.p.a
  • Lenzing Ag
  • Linzi Organic Chemical Inc. Ltd.

Market Segmentation

  • Process
    • Quaker Batch Process
    • Chinese Batch Process
    • Rosenlew Continuous Process
    • Others
  • Raw Material
    • Corn cob
    • Sugarcane bagasse
    • Sunflower hull
    • Rice husk
    • Others
  • Application
    • Furfuryl alcohol
    • Solvent
    • Intermediate
    • Others
  • End-use
    • Agriculture
    • Paints & Coatings
    • Pharmaceuticals
    • Food & Beverage
    • Refineries
    • Others
  • Regional
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Turkey

Global Furfural Market: Drivers and Restrains

The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.

COVID-19 impact on the Furfural market

COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.

COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.

Key Highlights Involved in the Market Research Report: –

Furfural Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world Furfural Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.

Furfural Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.

Furfural Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.

Furfural Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.

  • Statistical analysis touching on market size, sales volume, and overall business revenue.
  • Organized mentions of major market trends.
  • Growth opportunities.
  • Figures showcasing market rate.
  • Advantages and disadvantages of direct and indirect sales channels.
  • Insights concerning traders, distributors, and dealers present within the industry.

The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Furfural Market, By Process

7.1.  Furfural Market, by Process, 2020-2030

7.1.1.    Quaker Batch Process

7.1.1.1.        Market Revenue and Forecast (2016-2030)

7.1.2.    Chinese Batch Process

7.1.2.1.        Market Revenue and Forecast (2016-2030)

7.1.3.    Rosenlew Continuous Process

7.1.3.1.        Market Revenue and Forecast (2016-2030)

7.1.4.    Others

7.1.4.1.        Market Revenue and Forecast (2016-2030)

Chapter 8.  Global Furfural Market, By Raw Material

8.1.  Furfural Market, by Raw Material, 2020-2030

8.1.1.    Corn cob

8.1.1.1.        Market Revenue and Forecast (2016-2030)

8.1.2.    Sugarcane bagasse

8.1.2.1.        Market Revenue and Forecast (2016-2030)

8.1.3.    Sunflower hull

8.1.3.1.        Market Revenue and Forecast (2016-2030)

8.1.4.    Rice husk

8.1.4.1.        Market Revenue and Forecast (2016-2030)

8.1.5.    Others

8.1.5.1.        Market Revenue and Forecast (2016-2030)

Chapter 9.  Global Furfural Market, By Application

9.1.  Furfural Market, by Application, 2020-2030

9.1.1.    Furfuryl alcohol

9.1.1.1.        Market Revenue and Forecast (2016-2030)

9.1.2.    Solvent

9.1.2.1.        Market Revenue and Forecast (2016-2030)

9.1.3.    Intermediate

9.1.3.1.        Market Revenue and Forecast (2016-2030)

9.1.4.    Others

9.1.4.1.        Market Revenue and Forecast (2016-2030)

Chapter 10.      Global Furfural Market, By End-use

10.1.        Furfural Market, by End-use, 2020-2030

10.1.1.  Agriculture

10.1.1.1.      Market Revenue and Forecast (2016-2030)

10.1.2.  Paints & Coatings

10.1.2.1.      Market Revenue and Forecast (2016-2030)

10.1.3.  Pharmaceuticals

10.1.3.1.      Market Revenue and Forecast (2016-2030)

10.1.4.  Food & Beverage

10.1.4.1.      Market Revenue and Forecast (2016-2030)

10.1.5.  Refineries

10.1.5.1.      Market Revenue and Forecast (2016-2030)

10.1.6.  Others

10.1.6.1.      Market Revenue and Forecast (2016-2030)

Chapter 11.      Global Furfural Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Process (2016-2030)

11.1.2.  Market Revenue and Forecast, by Raw Material (2016-2030)

11.1.3.  Market Revenue and Forecast, by Application (2016-2030)

11.1.4.  Market Revenue and Forecast, by End-use (2016-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Process (2016-2030)

11.1.5.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.1.5.3.      Market Revenue and Forecast, by Application (2016-2030)

11.1.5.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Process (2016-2030)

11.1.6.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.1.6.3.      Market Revenue and Forecast, by Application (2016-2030)

11.1.6.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Process (2016-2030)

11.2.2.  Market Revenue and Forecast, by Raw Material (2016-2030)

11.2.3.  Market Revenue and Forecast, by Application (2016-2030)

11.2.4.  Market Revenue and Forecast, by End-use (2016-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Process (2016-2030)

11.2.5.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.2.5.3.      Market Revenue and Forecast, by Application (2016-2030)

11.2.5.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Process (2016-2030)

11.2.6.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.2.6.3.      Market Revenue and Forecast, by Application (2016-2030)

11.2.6.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Process (2016-2030)

11.2.7.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.2.7.3.      Market Revenue and Forecast, by Application (2016-2030)

11.2.7.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Process (2016-2030)

11.2.8.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.2.8.3.      Market Revenue and Forecast, by Application (2016-2030)

11.2.8.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Process (2016-2030)

11.3.2.  Market Revenue and Forecast, by Raw Material (2016-2030)

11.3.3.  Market Revenue and Forecast, by Application (2016-2030)

11.3.4.  Market Revenue and Forecast, by End-use (2016-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Process (2016-2030)

11.3.5.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.3.5.3.      Market Revenue and Forecast, by Application (2016-2030)

11.3.5.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Process (2016-2030)

11.3.6.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.3.6.3.      Market Revenue and Forecast, by Application (2016-2030)

11.3.6.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Process (2016-2030)

11.3.7.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.3.7.3.      Market Revenue and Forecast, by Application (2016-2030)

11.3.7.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Process (2016-2030)

11.3.8.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.3.8.3.      Market Revenue and Forecast, by Application (2016-2030)

11.3.8.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Process (2016-2030)

11.4.2.  Market Revenue and Forecast, by Raw Material (2016-2030)

11.4.3.  Market Revenue and Forecast, by Application (2016-2030)

11.4.4.  Market Revenue and Forecast, by End-use (2016-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Process (2016-2030)

11.4.5.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.4.5.3.      Market Revenue and Forecast, by Application (2016-2030)

11.4.5.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Process (2016-2030)

11.4.6.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.4.6.3.      Market Revenue and Forecast, by Application (2016-2030)

11.4.6.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Process (2016-2030)

11.4.7.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.4.7.3.      Market Revenue and Forecast, by Application (2016-2030)

11.4.7.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Process (2016-2030)

11.4.8.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.4.8.3.      Market Revenue and Forecast, by Application (2016-2030)

11.4.8.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Process (2016-2030)

11.5.2.  Market Revenue and Forecast, by Raw Material (2016-2030)

11.5.3.  Market Revenue and Forecast, by Application (2016-2030)

11.5.4.  Market Revenue and Forecast, by End-use (2016-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Process (2016-2030)

11.5.5.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.5.5.3.      Market Revenue and Forecast, by Application (2016-2030)

11.5.5.4.      Market Revenue and Forecast, by End-use (2016-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Process (2016-2030)

11.5.6.2.      Market Revenue and Forecast, by Raw Material (2016-2030)

11.5.6.3.      Market Revenue and Forecast, by Application (2016-2030)

11.5.6.4.      Market Revenue and Forecast, by End-use (2016-2030)

Chapter 12.  Company Profiles

12.1.              Illovo Sugar Africa (Pty.) Ltd.

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              Central Romana Corporation

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              TransFurans Chemicals bvba

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Pennakem, LLC

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              Hebeichem

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Silvateam S.p.a

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Lenzing Ag

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              Linzi Organic Chemical Inc. Ltd.

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

Glossary of Terms

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