Furfural Market Analysis and Forecast to 2031: By Raw Material (Corn Cobs, Rice husk, Sugarcane Bagasse, and Others), Application (Furfuryl Alcohol, Solvent, and Others), End User (Petroleum Refineries, Agricultural Formulations, Pharmaceuticals and Others), and Region

Furfural is an organic compound derived from corn cobs. It is used as a building block for many products, including plastics, resins, and adhesives. It is also a key ingredient in the production of furan, a versatile polymer used in a variety of applications.

Key Trends

The key trends in furfural technology are:

– Increasing use of furfural as a renewable feedstock for the production of chemicals and fuels

– Development of new processes for the production of furfural from biomass

– Increasing investment in furfural production facilities

– Expansion of the global furfural market

Key Drivers

The key drivers of the Furfural market are the rapid growth in the demand for bio-based chemicals and the increasing preference for renewable feedstock. Furfural is a bio-based chemical that is derived from biomass, such as corn cobs and sugar cane bagasse. It is used as a raw material in the production of a variety of chemicals, including furan, which is used in the production of plastics, resins, and adhesives. The demand for furfural has been growing at a rapid pace in recent years, driven by the increasing preference for renewable feedstock and the need for more environmentally friendly products.

Restraints & Challenges

Furfural is an important organic compound with a wide range of applications in the chemical industry. It is used as a solvent, as a starting material for the synthesis of other chemicals, and as a fuel. However, furfural production is limited by the availability of raw materials and the high cost of production.

The key raw materials for furfural production are corn cobs and rice hulls. These materials are readily available in the United States, but they are relatively expensive. In addition, the process of converting these materials into furfural is energy intensive and emits large amounts of greenhouse gases. As a result, furfural production is not currently viable on a large scale.

Market Segments

The Furfural Market is segmented by raw material, application, end user, and region. By raw material, the market is divided corn cobs, rice husk, sugarcane bagasse, and others. The application segment is categorized into furfuryl alcohol, solvent, and others. By end user, the market is classified into petroleum refineries, agricultural formulations, paints & coatings, pharmaceuticals, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Furfural Market includes players such as Arcoy Industries Pvt. Ltd., Central Romana Corporation, Ltd., Hongye Holding Group Corporation, Illovo Group, KRBL Ltd., Lenzing AG, Penn A Kem LLC, Silvateam, Tanin Sevnica d.d and Tieling North Furfural (Group) Co. Ltd.

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Furfural Market Outlook
3.1. Furfural Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Furfural Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Furfural Market
4.3. Economic Impact Analysis

Chapter 5. Furfural Market by Row Material
5.1. Market Overview
5.2. Corn Cobs
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Rice Husk
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Sugarcane Bagasse
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.5. Others
5.5.1. Market Size and Forecast, 2021-2031 ($Million)
5.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Furfural Market by Application
6.1. Market Overview
6.2. Furfuryl Alcohol
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Solvent
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Others
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Furfural Market by End User
7.1. Market Overview
7.2. Petroleum Refineries
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Agricultural Formulations
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Paints & Coatings
7.4.1. Market Size and Forecast, 2021-2031 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.5. Others
7.5.1. Market Size and Forecast, 2021-2031 ($Million)
7.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 8. Furfural Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.2.3. North America Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.4. North America Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.2.5. North America Furfural Market Size and Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.2.6.2. The U.S. Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.6.3. The U.S. Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.2.7. Canada
8.2.7.1. Canada Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.2.7.2. Canada Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.7.3. Canada Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.2.8.2. Mexico Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.8.3. Mexico Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.3.3. Europe Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.4. Europe Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.3.5. Europe Furfural Market Size and Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.3.6.2. Germany Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.6.3. Germany Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.3.7. France
8.3.7.1. France Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.3.7.2. France Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.7.3. France Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.3.8. U.K.
8.3.8.1. U.K. Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.3.8.2. U.K. Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.8.3. U.K. Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.3.9. Spain
8.3.9.1. Spain Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.3.9.2. Spain Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.9.3. Spain Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.3.10.2. Italy Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.10.3. Italy Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.3.11.2. Rest of Europe Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.11.3. Rest of Europe Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Furfural Market Size and Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.4. Asia-Pacific Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.4.5. Asia-Pacific Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.4.6.2. China Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.6.3. China Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.4.7. India
8.4.7.1. India Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.4.7.2. India Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.7.3. India Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.4.8. Japan
8.4.8.1. Japan Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.4.8.2. Japan Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.8.3. Japan Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.4.9.2. South Korea Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.9.3. South Korea Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.4.10.2. Rest of APAC Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.10.3. Rest of APAC Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.5.3. Rest of the World Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.4. Rest of the World Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.5.5. Rest of the World Furfural Market Size and Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.5.6.2. Latin America Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.6.3. Latin America Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.5.7.2. Middle East Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.7.3. Middle East Furfural Market Size and Forecast by End User, 2021-2031, ($Million)
8.5.8. Africa
8.5.8.1. Africa Furfural Market Size and Forecast by Row Material, 2021-2031, ($Million)
8.5.8.2. Africa Furfural Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.8.3. Africa Furfural Market Size and Forecast by End User, 2021-2031, ($Million)

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions

Chapter 10. Company Profiles
10.1. Arcoy Industries Pvt. Ltd.
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Central Romana Corporation, Ltd.
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Hongye Holdings Group Co., Ltd.
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. ILLOVO SUGAR AFRICA (PTY) LTD
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. KRBL Ltd.
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Lenzing AG
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Penn A Kem LLC
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Silvateam
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Tanin Sevnica d.d.
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Tieling North Furfural (Group) Co.
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report

 

 

 

 

 

 

 

Key Players
  • Arcoy Industries Pvt. Ltd.
  • Central Romana Corporation, Ltd.
  • Hongye Holdings Group Co., Ltd.
  • ILLOVO SUGAR AFRICA (PTY) LTD
  • KRBL Ltd.
  • Lenzing AG
  • Penn A Kem LLC
  • Silvateam
  • Tanin Sevnica d.d.
  • Tieling North Furfural (Group) Co.
Market Segments

By Row Material

  • Corn Cobs
  • Rice Husk
  • Sugarcane Bagasse
  • Others

By Application

  • Furfuryl Alcohol
  • Solvent
  • Others

By End User

  • Petroleum Refineries
  • Agricultural Formulations
  • Paints & Coatings
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Order this Report

Have questions about the scope of the report ?

Have specific requirements ?

Budget Constraints ?

Related Reports

Chelating agents are molecules that bind to metal…
Anti-seize compounds are used to prevent or reduce…
Lithium is a soft, silver-white metal that is…
Lactic acid is an organic compound that is…
Industrial polyurethane (PU) elastomers are a class of…
Polypropylene yarn is a type of synthetic fiber…
Polymer-modified bitumen (PMB) is a type of bitumen…
Glass additives are materials that are added to…
Activated carbon is a carbon-based adsorbent that is…
Viscosity index improvers (VII) are a class of…