Global Furfural Market, Insights Forecasts to 2027

$3480

Furfural is an organic compound produced from a variety of agricultural byproducts, including corncobs, oat, wheat bran, and sawdust. The name furfural comes from the Latin word furfur, meaning bran, referring to its usual source. Aside from ethanol, acetic acid and sugar it is one of the oldest renewable chemicals.

Scope of the Report:

This report focuses on the Furfural in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, raw material, application, end use.
The furfural alcohol segment accounted for the major shares of this market. Factors such as the increasing usage of furfural alcohol in construction, plastics, and textiles will contribute to the growth of the furfural alcohol market in the coming years.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the furfural market throughout the forecast period. The growth of major end-user industries such as construction, pharmaceutical, and textiles in the region will drive the growth of the furfural market.
The worldwide market for Furfural is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2027, from xx million US$ in 2020, according to a new study.

Market Segment by Manufacturers, this report covers

  • 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
  • Tieling North Furfural (Group) Co. Ltd.
  • Welldon Trading Co. Limited
  • Zibo Xinye Chemical Co. Ltd
  • Shandong Ruide Chemical Co. Ltd.
  • Jinlilin Fufural Manufacture Co. Ltd
  • Zibo Junhao Logistics Co.Ltd.
  • Furnova Polymers Ltd
  • Shandong Yino Biotechnology Co., Ltd
  • Shenyang Hawk International Trading Co.
  • Hebei Furan International Co. Ltd.
  • Zhucheng Taisheng Chemical Co. Ltd
  • Novel Organic Industries

Market Segment by Regions, regional analysis covers

 

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Furfural Market Analysis And Forecast, By Raw Material

  • Corn Cob
  • Rice Husk
  • Sugarcane Bagasse
  • Others

Global Furfural Market Analysis And Forecast, By Application

  • Furfuryl Alcohol
  • Solvent

Global Furfural Market Analysis And Forecast, By End Use

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

TABLE OF CONTENTS

1. INTRODUCTION 

1.1. OBJECTIVES OF THE STUDY 

1.2. MARKET DEFINITION 

1.3. RESEARCH SCOPE 

1.4. CURRENCY 

1.5. RESEARCH METHODOLOGY AND ASSUMPTIONS

1.6. EXECUTIVE SUMMARY

2. PREMIUM INSIGHTS

2.1. IMPACT OF COVID-19 ON THE MARKET

2.2. LIST OF RAW MATERIAL SUPPLIERS

2.3. LIST OF EQUIPMENT SUPPLIERS

2.4. LIST OF TRADERS/DISTRIBUTORS

2.5. LIST OF END-USERS/CUSTOMERS

2.6. TOP INVESTMENT POCKETS

2.6.1. GLOBAL FURFURAL MARKET ATTRACTIVENESS ANALYSIS BY RAW MATERIAL

2.6.2. GLOBAL FURFURAL MARKET ATTRACTIVENESS ANALYSIS BY APPLICATION

2.6.3. GLOBAL FURFURAL MARKET ATTRACTIVENESS ANALYSIS BY END USE

2.6.4. GLOBAL FURFURAL MARKET ATTRACTIVENESS ANALYSIS BY REGION

2.7. PORTER’S FIVE FORCES ANALYSIS 

2.7.1. THREAT OF NEW ENTRANTS

2.7.2. THREAT OF SUBSTITUTES

2.7.3. BARGAINING POWER OF SUPPLIERS

2.7.4. BARGAINING POWER OF BUYERS

2.7.5. INTENSITY OF COMPETITIVE RIVALRY

2.8. PESTEL ANALYSIS

2.9. INDUSTRY SWOT ANALYSIS 

2.10. INDUSTRY TRENDS

2.11. MICRO AND MACRO FACTORS AFFECTING THE MARKET

2.12. PRICING ANALYSIS

2.13. PENETRATION & GROWTH PROSPECT MAPPING

2.14. INDUSTRY VALUE CHAIN ANALYSIS

2.14.1. RAW MATERIAL ANALYSIS

2.14.2. SUPPLIER ANALYSIS 

2.14.3. END USER ANALYSIS

3. MARKET DYNAMICS

3.1. MARKET EVALUATION 

3.2. DRIVERS 

3.3. RESTRAINTS

3.4. OPPORTUNITIES

3.5. CHALLENGES

4. GLOBAL FURFURAL MARKETANALYSIS AND FORECAST, BY RAW MATERIAL

4.1. SEGMENT OVERVIEW

4.2. CORN COB

4.3. RICE HUSK

4.4. SUGARCANE BAGASSE

4.5. OTHERS

5. GLOBAL FURFURAL MARKETANALYSIS AND FORECAST, BY APPLICATION

5.1. SEGMENT OVERVIEW

5.2. FURFURYL ALCOHOL

5.3. SOLVENT

6. GLOBAL FURFURAL MARKET ANALYSIS AND FORECAST, BY END USE

6.1. SEGMENT OVERVIEW

6.2. PETROLEUM REFINERIES

6.3. AGRICULTURAL FORMULATIONS

6.4. PAINTS & COATINGS

6.5. PHARMACEUTICALS

6.6. OTHERS

7. GLOBAL FURFURAL MARKETANALYSIS AND FORECAST, BY REGIONAL ANALYSIS 

7.1. SEGMENT OVERVIEW

7.2. NORTH AMERICA

7.2.1. U.S.

7.2.2. CANADA

7.2.3. MEXICO

7.3. EUROPE

7.3.1. GERMANY

7.3.2. FRANCE

7.3.3. SWEDEN

7.3.4. NETHERLANDS

7.3.5. U.K.

7.3.6. ITALY

7.3.7. SPAIN

7.3.8. TURKEY

7.3.9. SWITZERLAND

7.3.10. BELGIUM

7.3.11. REST OF EUROPE

7.4. ASIA-PACIFIC

7.4.1. JAPAN

7.4.2. CHINA

7.4.3. INDIA

7.4.4. SOUTH KOREA

7.4.5. AUSTRALIA

7.4.6. SKINGAPORE

7.4.7. MALAYSIA

7.4.8. THAILAND

7.4.9. INDONESIA

7.4.10. PHILIPPINES

7.4.11. REST OF ASIA PACIFIC

7.5. SOUTH AMERICA

7.5.1. BRAZIL

7.5.2. ARGENTINA

7.5.3. PERU

7.5.4. COLOMBIA

7.5.5. REST OF SOUTH AMERICA

7.6. MIDDLE EAST AND AFRICA

7.6.1. SAUDI ARABIA

7.6.2. UAE

7.6.3. EGYPT

7.6.4. NIGERIA

7.6.5. SOUTH AFRICA

7.6.6. REST OF MIDDLE EAST AND AFRICA

8. GLOBAL FURFURAL MARKET-COMPETITIVE LANDSCAPE 

8.1. OVERVIEW 

8.2. MARKET SHARE OF KEY PLAYERS INGLOBAL FURFURAL MARKET

8.2.1. GLOBAL COMPANY MARKET SHARE 

8.2.2. NORTH AMERICA COMPANY MARKET SHARE 

8.2.3. EUROPE COMPANY MARKET SHARE

8.2.4. APAC COMPANY MARKET SHARE 

8.3. COMPETITIVE SITUATIONS AND TRENDS 

8.3.1. PRODUCT LAUNCHES AND DEVELOPMENTS

8.3.2. PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS

8.3.3. MERGERS & ACQUISITIONS

8.3.4. EXPANSIONS

9. COMPANY PROFILES

9.1. ARCOY INDUSTRIES PVT. LTD.

9.1.1. BUSINESS OVERVIEW

9.1.2. COMPANY SNAPSHOT

9.1.3. KEY FINANCIAL 

9.1.3.1. REVENUE ANALYSIS

9.1.3.2. PRODUCTION ANALYSIS

9.1.3.3. CAPACITY ANALYSIS

9.1.3.4. PRICEANALYSIS

9.1.3.5. SALES VOLUMEANALYSIS

9.1.3.6. SALES REVENUEANALYSIS

9.1.3.7. GROWTH RATE

9.1.3.8. EXPORT ANALYSIS

9.1.3.9. GROSS MARGIN 

9.1.3.10. COMPANY SEGMENT ANALYSIS 

9.1.4. COMPANY PRODUCT PORTFOLIO

9.1.5. RECENT DEVELOPMENTS

9.1.6. SWOT ANALYSIS

9.2. CENTRAL ROMANA CORPORATION, LTD.

9.3. HONGYE HOLDING GROUP CORPORATION

9.4. ILLOVO GROUP

9.5. KRBL LTD.

9.6. LENZING AG

9.7. PENN A KEM LLC

9.8. SILVATEAM

9.9. TANIN SEVNICA D.D

9.10. TIELING NORTH FURFURAL (GROUP) CO. LTD.

9.11. WELLDON TRADING CO. LIMITED

9.12. ZIBO XINYE CHEMICAL CO. LTD

9.13. SHANDONG RUIDE CHEMICAL CO. LTD.

9.14. JINLILIN FUFURAL MANUFACTURE CO. LTD

9.15. ZIBO JUNHAO LOGISTICS CO.LTD.

9.16. FURNOVA POLYMERS LTD

9.17. SHANDONG YINO BIOTECHNOLOGY CO., LTD

9.18. SHENYANG HAWK INTERNATIONAL TRADING CO.

9.19. HEBEI FURAN INTERNATIONAL CO. LTD.

9.20. ZHUCHENG TAISHENG CHEMICAL CO. LTD

9.21. NOVEL ORGANIC INDUSTRIES

LIST OF TABLES

1. GLOBAL FURFURAL MARKET, BY RAW MATERIAL, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

2. GLOBAL CORN COB IN FURFURAL MARKET, BY REGION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

3. GLOBAL RICE HUSK IN FURFURAL MARKET, BY REGION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON)  

4. GLOBAL SUGARCANE BAGASSE IN FURFURAL MARKET, BY REGION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON)  

5. GLOBAL OTHERSIN FURFURAL MARKET, BY REGION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON)  

6. GLOBAL FURFURAL MARKET, BY APPLICATION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

7. GLOBAL FURFURYL ALCOHOL IN FURFURAL MARKET, BY REGION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

8. GLOBAL SOLVENT IN FURFURAL MARKET, BY REGION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

9. GLOBAL FURFURAL MARKET, BY END USE, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

10. GLOBAL PETROLEUM REFINERIES IN FURFURAL MARKET, BY REGION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON)

11. GLOBAL AGRICULTURAL FORMULATIONS IN FURFURAL MARKET, BY REGION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON)

12. GLOBAL PAINTS & COATINGS IN FURFURAL MARKET, BY REGION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON)

13. GLOBAL PHARMACEUTICALS IN FURFURAL MARKET, BY REGION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON)

14. GLOBAL OTHERS IN FURFURAL MARKET, BY REGION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON)

15. GLOBAL FURFURAL MARKET, BY REGION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

16. NORTH AMERICA FURFURAL MARKET, BY RAW MATERIAL, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

17. NORTH AMERICA FURFURAL MARKET, BY APPLICATION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

18. NORTH AMERICA FURFURAL MARKET, BY END USE, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

19. EUROPE FURFURAL MARKET, BY RAW MATERIAL, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

20. EUROPE FURFURAL MARKET, BY APPLICATION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

21. EUROPE FURFURAL MARKET, BY END USE, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

22. ASIA PACIFIC FURFURAL MARKET, BY RAW MATERIAL, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

23. ASIA PACIFIC FURFURAL MARKET, BY APPLICATION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

24. ASIA PACIFIC FURFURAL MARKET, BY END USE, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

25. SOUTH AMERICA FURFURAL MARKET, BY RAW MATERIAL, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

26. SOUTH AMERICA FURFURAL MARKET, BY APPLICATION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

27. SOUTH AMERICA FURFURAL MARKET, BY END USE, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

28. MIDDLE EAST AND AFRICA FURFURAL MARKET, BY RAW MATERIAL, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

29. MIDDLE EAST AND AFRICA FURFURAL MARKET, BY APPLICATION, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

30. MIDDLE EAST AND AFRICA FURFURAL MARKET, BY END USE, 2017–2027 REVENUE (USD MILLION), VOLUME (TONS), PRICE (USD/TON) 

 

 

LIST OF FIGURES 

1. GLOBAL FURFURAL MARKET SEGMENTATION

2. FURFURAL MARKET: RESEARCH METHODOLOGY

3. MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH

4. MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH

5. DATA TRIANGULATION

6. PORTER’S FIVE FORCES ANALYSIS 

7. VALUE CHAIN ANALYSIS 

8. TRADE MAP

9. GLOBAL FURFURAL MARKET ATTRACTIVENESS ANALYSIS BY RAW MATERIAL

10. GLOBAL FURFURAL MARKET ATTRACTIVENESS ANALYSIS BY APPLICATION

11. GLOBAL FURFURAL MARKET ATTRACTIVENESS ANALYSIS BY END USE

12. GLOBAL FURFURAL MARKET ATTRACTIVENESS ANALYSIS BY REGION

13. GLOBAL FURFURAL MARKET: DYNAMICS

14. GLOBAL FURFURAL MARKETSHARE BY RAW MATERIAL (2019 & 2027)

15. GLOBAL FURFURAL MARKETSHARE BY APPLICATION(2019 & 2027)

16. GLOBAL FURFURAL MARKETSHARE BY END USE (2019 & 2027)

17. GLOBAL FURFURAL MARKETSHARE BY REGION (2019 & 2027)

18. GLOBAL FURFURAL MARKETSHARE BY COMPANY (2019)

 

 

 

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
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Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
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  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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