Furfural Market by Raw Material (Sugarcane Bagasse, Corncob, Rice Husk and Others), Application (Derivatives (Furfural Alcohol and Other Derivatives), solvent) and Region (Asia-Pacific, Americas, Europe,Middle East and Africa) - Global Forecast to 2024

Furfural Market by Raw Material (Sugarcane Bagasse, Corncob, Rice Husk and Others), Application (Derivatives (Furfural Alcohol and Other Derivatives), solvent) and Region (Asia-Pacific, Americas, Europe,Middle East and Africa) - Global Forecast to 2024

“The rising demand for furfuryl alcohol for the production of derivatives is driving the market, globally.”
The furfural market size is estimated to grow from USD 551 million in 2019 and to USD 700 million by 2024, at a CAGR of 4.9% during the forecast period. The market is driven by the increasing use of various derivatives of furfural in different industries and shift toward green chemicals.

“The corncob-based furfural segment is projected to register the highest CAGR during the forecast period.”
Corncob is estimated to be the fastest-growing raw material for the manufacturing of furfural. This is due to the high pentosan content in corncobs, resulting in a high yield of furfural. The majority of the furfural manufacturing plants in the world use corncobs.

“The derivatives segment is expected to be the largest application of furfural during the forecast period.”
Furfural is majorly used in the manufacturing of furfural-based chemicals. Among the derivatives, furfuryl alcohol accounts for the largest consumption of furfural. This, in turn, is used in the manufacturing of furan resins. Apart from furfuryl alcohol, furfural is also used in the manufacturing of other derivatives such as THF, furoic acid, and tetrahydrofuranyl alcohol (THFA).

“APAC is estimated to be the fastest-growing market during the forecast period.”
APAC is estimated to be the fastest-growing furfural market during the forecast period. The region is the largest producer and consumer of furfural. China led the global market for furfural, and it is projected to continue during the forecast period. China is also the largest manufacturer and exporter of furfural globally. Besides China, the market for furfural is also propelled by countries such as Thailand and India.

Extensive primary interviews were conducted to determine and verify the market size of several segments and sub-segments and information gathered through secondary research.

The breakup of primary interviews is given below:
By Company Type: Tier 1 - 60%, Tier 2 - 30%, and Tier 3 - 10%
By Designation: C level -50%, Director Level - 30%, and Others - 20%
By Region: Europe - 20%, APAC - 60%, Americas - 10%, Middle East & Africa - 10%

The leading players in the furfural market are Transfuran Chemicals (Belgium), Central Romana Corporation (Dominican Republic), Pennakem (US), Silvateam (Italy), Illovo Sugar (South Africa), Hongye Holding Group Corporation (China), KRBL(India), Lenzing (Austria), Tanin (Slovenia), and Shandong Crownchem Industries (China).

Research Coverage:
This research report categorizes the furfural market on the basis of raw material, application, and region. The report includes detailed information regarding the major factors such as drivers, restraints, challenges, and opportunities, influencing the growth of the market. A detailed analysis of the key industry players has been done to provide insights into business overviews, products, and key strategies associated with the market.

Key Benefits of Buying the Report
The report will help leaders/new entrants in this market in the following ways:
1. This report segments the furfural market comprehensively and provides the closest approximations of market sizes for the overall market and sub-segments across verticals and regions.

2. The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • REGIONS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • UNIT CONSIDERED
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE FURFURAL MARKET
    • APAC FURFURAL MARKET, BY COUNTRY AND APPLICATION, 2018
    • FURFURAL MARKET, BY KEY COUNTRIES
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table TOP 30 CHEMICALS THAT CAN BE OBTAINED FROM BIOMASS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • FURFURAL PATENT ANALYSIS
      • INSIGHTS
  • FURFURAL MARKET, BY RAW MATERIAL
    • INTRODUCTION
      • Table FURFURAL YIELD FROM DIFFERENT TYPES OF RAW MATERIALS
      • Table FURFURAL MARKET SIZE, BY RAW MATERIAL, 2017–2024 (TON)
      • Table FURFURAL MARKET SIZE, BY RAW MATERIAL, 2017–2024 (USD THOUSAND)
    • SUGARCANE BAGASSE (SCB)
      • A SUSTAINABLE SUGAR INDUSTRY BY-PRODUCT, SCB IS AVAILABLE IN ABUNDANCE IN ALL REGIONS
        • Table SUGARCANE BAGASSE: FURFURAL MARKET SIZE, 2017–2024 (TON)
        • Table SUGARCANE BAGASSE: FURFURAL MARKET SIZE, 2017–2024 (USD THOUSAND)
    • CORNCOB
      • CORNCOB CONSISTS OF THE HIGHEST HEMICELLULOSE CONTENT OF ALL THE RAW MATERIALS FOR FURFURAL
        • Table CORNCOB: FURFURAL MARKET SIZE, 2017–2024 (TON)
        • Table CORNCOB: FURFURAL MARKET SIZE, 2017–2024 (USD THOUSAND)
    • RICE HUSK
      • RICE HUSK HAS THE LOWEST CONTENT OF HEMICELLULOSE
        • Table RICE HUSK: FURFURAL MARKET SIZE, 2017–2024 (TON)
        • Table RICE HUSK: FURFURAL MARKET SIZE, 2017–2024 (USD THOUSAND)
    • OTHERS
      • Table OTHER RAW MATERIALS: FURFURAL MARKET SIZE, 2017–2024 (TON)
      • Table OTHER RAW MATERIALS: FURFURAL MARKET SIZE, 2017–2024 (USD THOUSAND)
  • FURFURAL MARKET, BY APPLICATION
    • INTRODUCTION
      • Table FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
      • Table FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
      • Table FURFURAL MARKET SIZE, BY DERIVATIVES, 2017–2024 (TON)
      • Table FURFURAL MARKET SIZE, BY DERIVATIVES, 2017–2024 (USD THOUSAND)
    • DERIVATIVES
      • HUGE DEMAND FOR FURFURAL IN THE MANUFACTURING OF FURFURYL ALCOHOL IS DRIVING THE MARKET IN THIS SEGMENT
        • Table FURFURAL MARKET SIZE IN DERIVATIVES APPLICATION, BY REGION, 2017–2024 (TON)
        • Table FURFURAL MARKET SIZE IN DERIVATIVES APPLICATION, BY REGION, 2017–2024 (USD THOUSAND)
        • Table FURFURAL MARKET SIZE IN FURFURYL ALCOHOL MANUFACTURING APPLICATION, BY REGION, 2017–2024 (TON)
        • Table FURFURAL MARKET SIZE IN FURFURYL ALCOHOL MANUFACTURING APPLICATION, BY REGION, 2017–2024 (USD THOUSAND)
        • Table FURFURAL MARKET SIZE IN OTHER DERIVATIVES, BY REGION, 2017–2024 (TON)
        • Table FURFURAL MARKET SIZE IN OTHER DERIVATIVES, BY REGION, 2017–2024 (USD THOUSAND)
    • SOLVENT
      • THE NON-TOXICITY OF FURFURAL MAKES IT A SUITABLE ALTERNATIVE TO PHENOLS FOR THE REFINING OF LUBRICANT OILS THROUGH SOLVENT EXTRACTION
        • Table FURFURAL MARKET SIZE IN SOLVENT APPLICATION, BY REGION, 2017–2024 (TON)
        • Table FURFURAL MARKET SIZE IN SOLVENT APPLICATION, BY REGION, 2017–2024 (USD THOUSAND)
    • OTHERS
      • Table FURFURAL MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2024 (TON)
      • Table FURFURAL MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2024 (USD THOUSAND)
  • FURFURAL MARKET, BY REGION
    • INTRODUCTION
      • Table FURFURAL MARKET SIZE, BY REGION, 2017–2024 (TON)
      • Table FURFURAL MARKET SIZE, BY REGION, 2017–2024 (USD THOUSAND)
    • APAC
      • Table APAC: FURFURAL MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
      • Table APAC: FURFURAL MARKET SIZE, BY COUNTRY, 2017–2024 (USD THOUSAND)
      • Table APAC: FURFURAL MARKET SIZE, BY RAW MATERIAL, 2017–2024 (TON)
      • Table APAC: FURFURAL MARKET SIZE, BY RAW MATERIAL, 2017–2024 (USD THOUSAND)
      • Table APAC: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
      • Table APAC: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
      • Table APAC: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
      • Table APAC: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD MILLION)
      • CHINA
        • Table CHINA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table CHINA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table CHINA: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
        • Table CHINA: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
      • THAILAND
        • Table THAILAND: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table THAILAND: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table THAILAND: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
        • Table THAILAND: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
      • INDIA
        • Table INDIA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table INDIA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table INDIA: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
        • Table INDIA: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
      • REST OF APAC
        • Table REST OF APAC: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table REST OF APAC: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table REST OF APAC: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
        • Table REST OF APAC: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD MILLION)
    • EUROPE
      • Table EUROPE: FURFURAL MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
      • Table EUROPE: FURFURAL MARKET SIZE, BY COUNTRY, 2017–2024 (USD THOUSAND)
      • Table EUROPE: FURFURAL MARKET SIZE, BY RAW MATERIAL, 2017–2024 (TON)
      • Table EUROPE: FURFURAL MARKET SIZE, BY RAW MATERIAL, 2017–2024 (USD THOUSAND)
      • Table EUROPE: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
      • Table EUROPE: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
      • Table EUROPE: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
      • Table EUROPE: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
      • BELGIUM
        • Table BELGIUM: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table BELGIUM: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table BELGIUM: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
        • Table BELGIUM: FURFURAL AND ITS DERIVATIVES MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
      • NETHERLANDS
        • Table NETHERLANDS: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table NETHERLANDS: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table NETHERLANDS: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
        • Table NETHERLANDS: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
      • GERMANY
        • Table GERMANY: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table GERMANY: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table GERMANY: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
        • Table GERMANY: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
      • REST OF EUROPE
        • Table REST OF EUROPE: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table REST OF EUROPE: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table REST OF EUROPE: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
        • Table REST OF EUROPE: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: FURFURAL MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
      • Table MIDDLE EAST & AFRICA: FURFURAL MARKET SIZE, BY COUNTRY, 2017–2024 (USD THOUSAND)
      • Table MIDDLE EAST & AFRICA: FURFURAL MARKET SIZE, BY RAW MATERIAL, 2017–2024 (TON)
      • Table MIDDLE EAST & AFRICA: FURFURAL MARKET SIZE, BY RAW MATERIAL, 2017–2024 (USD THOUSAND)
      • Table MIDDLE EAST & AFRICA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
      • Table MIDDLE EAST & AFRICA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
      • Table MIDDLE EAST & AFRICA: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
      • Table MIDDLE EAST & AFRICA: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table SOUTH AFRICA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table SOUTH AFRICA: FURFURAL MARKET SIZE, BY DERIVATIVES, 2017–2024 (TON)
        • Table SOUTH AFRICA: FURFURAL MARKET SIZE, BY DERIVATIVES, 2017–2024 (USD THOUSAND)
      • ALGERIA
        • Table ALGERIA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table ALGERIA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table ALGERIA: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
        • Table ALGERIA: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MIDDLE EAST & AFRICA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table REST OF MIDDLE EAST & AFRICA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table REST OF MIDDLE EAST & AFRICA: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
        • Table REST OF MIDDLE EAST & AFRICA: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
    • AMERICAS
      • Table AMERICAS: FURFURAL MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
      • Table AMERICAS: FURFURAL MARKET SIZE, BY COUNTRY, 2017–2024 (USD THOUSAND)
      • Table AMERICAS: FURFURAL MARKET SIZE, BY RAW MATERIAL, 2017–2024 (TON)
      • Table AMERICAS: FURFURAL MARKET SIZE, BY RAW MATERIAL, 2017–2024 (USD THOUSAND)
      • Table AMERICAS: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
      • Table AMERICAS: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
      • Table AMERICAS: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
      • Table AMERICAS: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
      • US
        • Table US: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table US: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table US: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
        • Table US: FURFURAL AND ITS DERIVATIVES MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
      • REST OF AMERICAS
        • Table REST OF AMERICAS: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
        • Table REST OF AMERICA: FURFURAL MARKET SIZE, BY APPLICATION, 2017–2024 (USD THOUSAND)
        • Table AMERICAS: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (TON)
        • Table AMERICAS: FURFURAL MARKET SIZE, BY DERIVATIVE, 2017–2024 (USD THOUSAND)
  • COMPANY PROFILES
    • CENTRAL ROMANA CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
    • PENNAKEM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
    • ILLOVO SUGAR AFRICA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
    • LENZING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
    • TRANSFURANS CHEMICALS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • SILVATEAM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • HONGYE HOLDING GROUP CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • KRBL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • TANIN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • SHANDONG CROWNCHEM INDUSTRIES LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • ADDITIONAL PLAYERS
      • LAXMI FURALS PRIVATE LIMITED
      • XINGTAI CHUNLEI FURFURYL ALCOHOL
      • SHANGHAI RUIZHENG TECHNOLOGY
      • HEFEI TNJ CHEMICAL INDUSTRY
      • ZHUCHENG TAISHENG CHEMICAL
      • NC NATURE CHEMICALS
      • FURNOVA POLYMERS
      • TCI CHEMICALS
      • BEIJING LYS CHEMICALS
      • AURUS SPECIALTY CHEMICALS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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