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Global Furfural Market is Estimated to Reach $1,739 Million by 2024, Says Variant Market Research
Published By: Variant Market Research Publishing Date: 29 December 2017

 Global Furfural Market Report, published by Variant Market Research, forecast that the global market is expected to reach $1,739 Million by 2024 from $757 Million in 2016; growing at a CAGR of 11% from 2016 to 2024. Furfural is an organic compound made from various agricultural byproducts including saw dust, wheat bran, corncobs, and others. Rising awareness regarding the renewable substitutes have obliged companies to increase production of biomass based chemicals including furfural to produce resins, additives, and fuels to replace non-renewable resources such as petrochemicals.

“Furfural Market (By Raw Material: Corn Cobs, Rice Husk, Bagasse, and Other Raw Materials; By Application: Furfuryl Alcohol, Solvents, Pharmaceutical Agents, and Other Applications: By Geography: North America, Europe, Asia-Pacific, and Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024”

To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/chemicals-materials/furfural-market

Growing environmental awareness to renewable substitutes in order to replace fossil resources, drives the global furfural market

The growth of global furfural market is mainly driven by growing environmental awareness to renewable substitutes in order to replace fossil resources and increasing demand for green chemicals. Conversely, increase in cost production and outdated technologies affecting the yield are the factors limiting the market growth. Besides, development of efficient and advance technologies is expected to open up several growth aspects for the market in the forecast timeframe.

Market Segmentation

Raw material, application, and geography are the major segments considered in the global furfural market. The raw material segment is sub-segmented into corn cobs, rice husk, bagasse, and other raw materials. The application segment is categorized into furfuryl alcohol, solvents, pharmaceutical agents, and other applications. Geographically, the market has been bifurcated into North America, Europe, Asia-Pacific, and RoW.

The country wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico. Germany, Italy, Scandinavia & CIS Region, and Rest of Europe are analyzed under the European market. China, Japan, India, and Rest of Asia-Pacific are included under the Asia-Pacific market. While RoW is bifurcated into South America, Middle East, and Africa.

Corn Cobs held for the largest market share in the raw material segment in 2016

 Global Furfural Market by Raw Material
https://www.variantmarketresearch.com/public/uploads/report/global-furfural-market-by-raw-material2.jpg

Corn cobs occupied the largest share in the raw material segment accounting for about half of the total market share in the year 2016. While, rice husk is likely to attain the fastest CAGR during the forecast period 2016 – 2024, owing to its large availability in rice producing countries like India, China, Brazil, South East Asia, Vietnam, and others. Also, they have started using rice husk for the energy production for mill operations as well as household lighting in rural regions.

Furfuryl alcohol dominated the application segment with leading share in 2016

Global Furfural Market by Application
https://www.variantmarketresearch.com/public/uploads/report/global-furfural-market-by-application.jpg

Furfuryl alcohol accounted for the major share in 2016, in the application segment as it is a monomer for the synthesis of furan resins. Besides, these are used in cements thermoset polymer matrix composites, adhesives, coatings, and casting/foundry resins.

Asia-Pacific lead the global market with largest share in 2016

Global Furfural Market Share by Geography 2016
https://www.variantmarketresearch.com/public/uploads/report/global-furfural-market-share-by-geography-2016.jpg

Asia-Pacific generated the highest revenue in the global furfural market accounting for 60.5% of the total market share and is expected to continue its dominance during the forecast period 2016 – 2024. The high growth is credited to ongoing expansion of the pharmaceutical industry in the emerging economies, such as India and China. And abundant availability of raw materials and low-cost labor available in these countries is another factor driving the furfural market in Asia Pacific.

Competitive Landscape

Key players profiled in the report include Central Romana Corporation, Hongye Holding Group Corporation Ltd., TransFuran Chemicals bvba, KRBL Ltd., Tieling North Furfural (Group) Co., Xingtai Chunlei Furfuryl Alcohol Co., Ltd., Nutrafur S.A., Silvateam S.P.A., Arcoy Biorefinery Pvt. Ltd., and Illovo Sugar (Pty) Ltd, among others.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
    2.1 Global Furfural Market Year-on-Year Growth, 2016 – 2024 (%)
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Market Dynamics
          3.3.1 Drivers
                   3.3.1.1 Impact Analysis
          3.3.2 Restraints
                   3.3.2.1 Impact Analysis
          3.3.3 Opportunities
Chapter 4 Global Furfural Market by Raw Material: Market Size and Forecast, 2015 – 2024
    4.1 Overview
    4.2 Corn Cobs
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast, 2015 – 2024 ($ Million)
          4.2.3 Market Size and Forecast by Region, 2015 – 2024 ($ Million)
    4.3 Rice Husk
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast, 2015 – 2024 ($ Million)
          4.3.3 Market Size and Forecast by Region, 2015 – 2024 ($ Million)
    4.4 Bagasse
          4.4.1 Current Trend and Analysis
          4.4.2 Market Size and Forecast, 2015 – 2024 ($ Million)
          4.4.3 Market Size and Forecast by Region, 2015 – 2024 ($ Million)
    4.5 Other Raw Materials
          4.5.1 Current Trend and Analysis
          4.5.2 Market Size and Forecast, 2015 – 2024 ($ Million)
          4.5.3 Market Size and Forecast by Region, 2015 – 2024 ($ Million)
Chapter 5 Global Furfural Market by Application: Market Size and Forecast, 2015 – 2024
    5.1 Overview
    5.2 Furfuryl Alcohol
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast, 2015 – 2024 ($ Million)
          5.2.3 Market Size and Forecast by Region, 2015 – 2024 ($ Million)
    5.3 Solvents
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast, 2015 – 2024 ($ Million)
          5.3.3 Market Size and Forecast by Region, 2015 – 2024 ($ Million)
    5.4 Pharmaceutical Agents
          5.4.1 Current Trend and Analysis
          5.4.2 Market Size and Forecast, 2015 – 2024 ($ Million)
          5.4.3 Market Size and Forecast by Region, 2015 – 2024 ($ Million)
    5.5 Other Applications
          5.5.1 Current Trend and Analysis
          5.5.2 Market Size and Forecast, 2015 – 2024 ($ Million)
          5.5.3 Market Size and Forecast by Region, 2015 – 2024 ($ Million)
Chapter 6 Global Furfural Market by Geography: Market Size and Forecast, 2015 – 2024
    6.1 Overview
          6.1.1 Global Furfural Market Year-on-Year Growth, by regions 2016 – 2024 (%)
    6.2 North America
          6.2.1 Current Trend and Analysis
          6.2.2 Market Size and Forecast, 2015 – 2024 ($ Million)
          6.2.3 US
                   6.2.3.1 Market Size and Forecast, 2015 – 2024 ($ Million)
          6.2.4 Canada
                   6.2.4.1 Market Size and Forecast, 2015 – 2024 ($ Million)
          6.2.5 Mexico
                   6.2.5.1 Market Size and Forecast, 2015 – 2024 ($ Million)
    6.3 Europe
          6.3.1 Current Trend and Analysis
          6.3.2 Market Size and Forecast, 2015 – 2024 ($ Million)
          6.3.3 Germany
                   6.3.3.1 Market Size and Forecast, 2015 – 2024 ($ Million)
          6.3.4 Italy
                   6.3.4.1 Market Size and Forecast, 2015 – 2024 ($ Million)
          6.3.5 Rest of Europe
                   6.3.5.1 Market Size and Forecast, 2015 – 2024 ($ Million)
    6.4 Asia-Pacific
          6.4.1 Current Trend and Analysis
          6.4.2 Market Size and Forecast, 2015 – 2024 ($ Million)
          6.4.3 India
                   6.4.3.1 Market Size and Forecast, 2015 – 2024 ($ Million)
          6.4.4 China
                   6.4.4.1 Market Size and Forecast, 2015 – 2024 ($ Million)
          6.4.5 Japan
                   6.4.5.1 Market Size and Forecast, 2015 – 2024 ($ Million)
          6.4.6 Rest of Asia-Pacific
                   6.4.6.1 Market Size and Forecast, 2015 – 2024 ($ Million)
    6.5 RoW
          6.5.1 Current Trend and Analysis
          6.5.2 Market Size and Forecast
          6.5.3 Middle East
                   6.5.3.1 Market Size and Forecast, 2015 – 2024 ($ Million)
          6.5.4 South America
                   6.5.4.1 Market Size and Forecast, 2015 – 2024 ($ Million)
          6.5.5 Africa
                   6.5.5.1 Market Size and Forecast, 2015 – 2024 ($ Million)
Chapter 7 Company Profiles
    7.1 Hongye Holding Group Corporation Ltd.
    7.2 Arcoy Biorefinery Pvt. Ltd.
    7.3 Xingtai Chunlei Furfuryl Alcohol Co., Ltd.
    7.4 Central Romana Corporation
    7.5 TransFuran Chemicals bvba
    7.6 Illovo Sugar (Pty) Ltd
    7.7 Nutrafur S.A.
    7.8 Silvateam S.P.A.
    7.9 KRBL Ltd.
    7.10 Tieling North Furfural (Group) Co.
List of Figures
FIG. 1 MARKET SEGMENTATION: GLOBAL FURFURAL MARKET
FIG. 2 GLOBAL FURFURAL MARKET YEAR ON YEAR GROWTH, 2016 - 2024 (%)
FIG. 3 MARKET SHARE ANALYSIS, 2016 (%)
FIG. 4 GLOBAL FURFURAL MARKET SHARE AND FORECAST, BY RAW MATERIAL 2016 Vs 2024 (VALUE %)
FIG. 5 CORN COBS MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 6 RICE HUSK MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 7 BAGASSE MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 8 OTHER RAW MATERIALS MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 9 GLOBAL FURFURAL MARKET SHARE AND FORECAST, BY APPLICATION 2016 Vs 2024 (VALUE %)
FIG. 10 FURFURYL ALCOHOL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 11 SOLVENTS MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 12 PHARMACEUTICAL AGENTS MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 13 OTHER APPLICATIONS MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 14 GLOBAL FURFURAL MARKET SIZE AND FORECAST BY GEOGRAPHY, 2016 Vs 2024 (REVENUE, CAGR %)
FIG. 15 GLOBAL FURFURAL MARKET YEAR ON YEAR GROWTH, BY REGIONS 2016 – 2024 (%)
FIG. 16 NORTH AMERICA FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 17 NORTH AMERICA FURFURAL MARKET SIZE AND FORECAST BY COUNTRY, 2015 – 2024 ($ MILLION)
FIG. 18 U.S. FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 19 CANADA FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 20 MEXICO FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 21 EUROPE FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024, ($ MILLION)
FIG. 22 EUROPE FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY, ($ MILLION)
FIG. 23 GERMANY FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 24 ITALY FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 25 REST OF EUROPE FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 26 ASIA-PACIFIC FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024, ($ MILLION)
FIG. 27 ASIA-PACIFIC FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY ($ MILLION)
FIG. 28 INDIA FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 29 CHINA FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 30 JAPAN FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 31 REST OF ASIA-PACIFIC FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 32 REST OF THE WORLD FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 33 REST OF THE WORLD FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY ($ MILLION)
FIG. 34 SOUTH AMERICA FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 35 MIDDLE EAST FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
FIG. 36 AFRICA FURFURAL MARKET SIZE AND FORECAST, 2015 – 2024 ($ MILLION)
List of Tables
TABLE 1 GLOBAL FURFURAL MARKET SNAPSHOT
TABLE 2 GLOBAL FURFURAL MARKET SIZE AND FORECAST, BY REGION, 2015 – 2024 ($ MILLION)
TABLE 3 DRIVER OF THE GLOBAL FURFURAL MARKET : IMPACT ANALYSIS
TABLE 4 RESTRAINTS OF THE GLOBAL FURFURAL MARKET : IMPACT ANALYSIS
TABLE 5 CORN COBS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ MILLION)
TABLE 6 RICE HUSK MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ MILLION)
TABLE 7 BAGASSE MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ MILLION)
TABLE 8 OTHER RAW MATERIALS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ MILLION)
TABLE 9 FURFURYL ALCOHOL MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ MILLION)
TABLE 10 SOLVENTS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ MILLION)
TABLE 11 PHARMACEUTICAL AGENTS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ MILLION)
TABLE 12 OTHER APPLICATIONS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ MILLION)
TABLE 13 NORTH AMERICA FURFURAL MARKET SIZE AND FORECAST, BY RAW MATERIAL, 2015 – 2024 ($ MILLION)
TABLE 14 NORTH AMERICA FURFURAL MARKET SIZE AND FORECAST, BY APPLICATION, 2015 – 2024 ($ MILLION)
TABLE 15 EUROPE FURFURAL MARKET SIZE AND FORECAST, BY RAW MATERIAL, 2015 – 2024 ($ MILLION)
TABLE 16 EUROPE FURFURAL MARKET SIZE AND FORECAST, BY APPLICATION, 2015 – 2024 ($ MILLION)
TABLE 17 ASIA-PACIFIC FURFURAL MARKET SIZE AND FORECAST, BY RAW MATERIAL, 2015 – 2024 ($ MILLION)
TABLE 18 ASIA-PACIFIC FURFURAL MARKET SIZE AND FORECAST, BY APPLICATION, 2015 – 2024 ($ MILLION)
TABLE 19 REST OF THE WORLD FURFURAL MARKET SIZE AND FORECAST, BY RAW MATERIAL, 2015 – 2024 ($ MILLION)
TABLE 20 REST OF THE WORLD FURFURAL MARKET SIZE AND FORECAST, BY APPLICATION, 2015 – 2024 ($ MILLION)
TABLE 21 HONGYE HOLDING GROUP CORPORATION LTD.: COMPANY SNAPSHOT
TABLE 22 ARCOY BIOREFINERY PVT. LTD.: COMPANY SNAPSHOT
TABLE 23 XINGTAI CHUNLEI FURFURYL ALCOHOL CO., LTD.: COMPANY SNAPSHOT
TABLE 24 CENTRAL ROMANA CORPORATION: COMPANY SNAPSHOT
TABLE 25 TRANSFURAN CHEMICALS BVBA: COMPANY SNAPSHOT
TABLE 26 ILLOVO SUGAR (PTY) LTD: COMPANY SNAPSHOT
TABLE 27 NUTRAFUR S.A.: COMPANY SNAPSHOT
TABLE 28 SILVATEAM S.P.A.: COMPANY SNAPSHOT
TABLE 29 KRBL LTD.: COMPANY SNAPSHOT
TABLE 30 TIELING NORTH FURFURAL (GROUP) CO.: COMPANY SNAPSHOT

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