Global Furfural Market

Global Furfural Market Size, Trends & Analysis - Forecasts To 2026 By Application (Furfuryl alcohol, Intermediate, Solvent, Others), By Process (Rosenlew Continuous Process, Quaker Batch Process, Chinese Batch Process, Others), By Raw Material (Sugarcane bagasse, Sunflower hull, Corn cob, Rice husk, Others), By End Use (Paints & Coatings, Food & Beverage, Pharmaceuticals, Agriculture, Refineries Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis

Category Food & Beverages

Format

This report was recently updated on April 18 2024 with the latest and most recent market numbers

Furfural Market Insights

The global furfural market is expected to generate revenue amounting to USD 856.55 million in 2020, and is projected to reach to USD 1157.74 million by 2026, growing at a CAGR of 5.15% over the forecast period. Rising importance of bio-based solvents and increasing environmental concerns is expected to boost the product demand in solvent applications during the forecast period. Growing demand from end-use industries, including foundry, agriculture, paints & coatings, pharmaceuticals, refineries, chemicals, automotive, and construction among others is driving the market growth for furfural. Furfural is an organic intermediate obtained using renewable sources. Furfural exhibits various properties such as corrosion resistance, thermosetting properties, and physical resistance among others. Furfural is used in different applications such as decoloring, refining, purification, and manufacturing processes among others. These are some of the major factors expected to drive the market growth during the forecast period. The growing foundry industry across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of furfural. However, the availability of alternative products such as crude oil base is likely to hamper the market growth during the forecast period.

Furfural Market Size: By Segmentation

The global furfural market is segmented on the basis of process into quaker batch process, chinese batch process, and rosenlew continuous process among others. The Chinese batch segment is expected to hold the largest market share in the global Furfural market during the forecast period. Chinese batch process is majorly used in China, which is the largest manufacturer across the globe. The majority of manufacturers are using Chinese batch process as it is inexpensive compared to other processes. Rosenlew continuous process is expected to grow at a significant growth during the forecast period. Rosenlew continuous process is the simplest of all, has trouble-free operation characteristics, and needs comparatively less maintenance. On the basis of raw material, the global furfural market is segmented into Corn cob, Sugarcane bagasse, Sunflower hull, and Rice husk among others. The corncobs segment is expected to hold the largest market share in the global furfural market during the forecast period. The easy availability of corn cob and less expensive are some of the major factors expected to propel the market growth during the forecast period. Corncob, is used as a biomass feedstock, delivers promising opportunities for renewable energy creation. On the basis of end users, the global furfural market is segmented into agriculture, paints & coatings, pharmaceuticals, food & beverage, and refineries among others. The refineries segment is expected to hold the largest market share in the global furfural market during the forecast period. The growing consumption furfural as a solvent in petroleum refining, specialist adhesives, and lubricants is driving the market growth. The growing number of oil & refinery companies across the Middle East Africa region is driving the market for refineries segment. The agriculture industry is expected to grow at a high CAGR during the forecast period. Furfural is extensively applied as insecticide, nematicide, and fungicide in the agrochemical industry and it is also used as active ingredient in various nematicides such as crop protectors or crop guards among others. These are some of the major factors expected to propel the market growth during the forecast period.

Furfural Market Size: By Region

On the basis of region, the market of furfural is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The Asia Pacific region is expected to dominate the market and is also estimated to expand at a rapid pace during the forecast period. The high production of furfural in the region along with the growth in several end-use industries including agriculture, food & beverage, pharmaceutical, and refinery among others is driving the market growth in the region. The rising product demand from the chemical and foundry industries is also propelling the market growth. China is emerged as the dominant market in Asia Pacific region during the forecast period. The growing demand, along with the growing production of furfuryl alcohol in the country is driving the market growth.

Furfural Market Share & Competitor Analysis

Some of the key players operating in the furfural market include: TransFurans Chemicals bvba, Central Romana Corporation, Dalinyebo, ILLOVO SUGAR AFRICA (PTY) LTD., Linzi Organic Chemical Inc. Ltd., LENZING AG, Behran Oil Co., Shandong Crownchem Industries Co., Ltd., Hebeichem, Krbl Ltd., Silvateam S.p.a., Tanin d.d., Xian Welldon Trading Co., Ltd., Furnova Polymers Ltd., Hongye Holding Group Co., Ltd., NC Nature Chemicals, and Pennakem, LLC, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

Check the Press Release on Global Furfural Market Report

Furfural Market: By Application

Introduction
1. Furfural Market, By Application, 2020-2026 (USD Million)
Furfuryl alcohol
1. Furfuryl alcohol: Furfural Market, 2020-2026 (USD Million)
Intermediate
1. Intermediate: Furfural Market, 2020-2026 (USD Million)
Solvent
1. Solvent: Furfural Market, 2020-2026 (USD Million)
Others
1. Others: Furfural Market, 2020-2026 (USD Million)

Furfural Market: By Process

Introduction
1. Furfural Market, By Process, 2020-2026 (USD Million)
Rosenlew Continuous Process
1. Rosenlew Continuous Process: Furfural Market, 2020-2026 (USD Million)
Quaker Batch Process
1. Quaker Batch Process: Furfural Market, 2020-2026 (USD Million)
Chinese Batch Process
1. Chinese Batch Process: Furfural Market, 2020-2026 (USD Million)
Others
1. Others: Furfural Market, 2020-2026 (USD Million)

Furfural Market: By Raw Material

Introduction
1. Furfural Market, By Raw Material, 2020-2026 (USD Million)
Sugarcane bagasse
1. Sugarcane bagasse: Furfural Market, 2020-2026 (USD Million)
Corn Cob
1. Corn Cob: Furfural market, 2020-2026 (USD Million)
Rice Husk
1. Rice Husk: Furfural market, 2020-2026 (USD Million)
Sunflower hull
1. Sunflower hull: Furfural market, 2020-2026 (USD Million)
Others
1. Others: Furfural market, 2020-2026 (USD Million)

Furfural Market: By End Use

Introduction
1. Furfural Market, By End Use, 2020-2026 (USD Million)
Paints & Coatings
1. Paints & Coatings: Furfural Market, 2020-2026 (USD Million)
Food & Beverage
1. Food & Beverage: Furfural Market, 2020-2026 (USD Million)
Pharmaceuticals
1. Pharmaceuticals : Furfural Market, 2020-2026 (USD Million)
Agriculture
1. Agriculture: Furfural Market, 2020-2026 (USD Million)
Refineries
1. Refineries: Furfural Market, 2020-2026 (USD Million)
Others
1. Others : Furfural Market, 2020-2026 (USD Million)

Furfural Market: By Region

Introduction
1. Global Furfural Market, Regional Analysis, 2020-2026 (USD Million)
North America
1. North America Furfural Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Application
    1. North America Furfural Market, By Application, 2020-2026 (USD Million)
  2. By Process
    1. North America Furfural Market, By Process, 2020-2026 (USD Million)
  3. By Raw Material
    1. North America Furfural Market, By Raw Material, 2020-2026 (USD Million)
  4. By End Use
    1. North America Furfural Market, By End Use, 2020-2026 (USD Million)
  5. By Country
    1. U.S
      1. By Application
        
        U.S Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        U.S Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        U.S Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        U.S Furfural Market, By End Use, 2020-2026 (USD Million)
    2. Canada
      1. By Application
        
        Canada Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        Canada Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        Canada Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        Canada Furfural Market, By End Use, 2020-2026 (USD Million)
    3. Mexico
      1. By Application
        
        Mexico Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        Mexico Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        Mexico Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        Mexico Furfural Market, By End Use, 2020-2026 (USD Million)
Europe
1. Europe Furfural Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Application
    1. Europe Furfural Market, By Application, 2020-2026 (USD Million)
  2. By Process
    1. Europe Furfural Market, By Process, 2020-2026 (USD Million)
  3. By Raw Material
    1. Europe Furfural Market, By Raw Material, 2020-2026 (USD Million)
  4. By End Use
    1. Europe Furfural Market, By End Use, 2020-2026 (USD Million)
  5. By Country
    1. Germany
      1. By Application
        
        Germany Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        Germany Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        Germany Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        Germany Furfural Market, By End Use, 2020-2026 (USD Million)
    2. UK
      1. By Application
        
        UK Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        UK Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        UK Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        UK Furfural Market, By End Use, 2020-2026 (USD Million)
    3. France
      1. By Application
        
        France Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        France Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        France Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        France Furfural Market, By End Use, 2020-2026 (USD Million)
    4. Italy
      1. By Application
        
        Italy Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        Italy Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        Italy Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        Italy Furfural Market, By End Use, 2020-2026 (USD Million)
    5. Rest Of Europe
      1. By Application
        
        Rest Of Europe Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        Rest Of Europe Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        Rest Of Europe Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        Rest Of Europe Furfural Market, By End Use, 2020-2026 (USD Million)
Asia Pacific
1. Asia Pacific Furfural Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Application
    1. Asia Pacific Furfural Market, By Application, 2020-2026 (USD Million)
  2. By Process
    1. Asia Pacific Furfural Market, By Process, 2020-2026 (USD Million)
  3. By Raw Material
    1. Asia Pacific Furfural Market, By Raw Material, 2020-2026 (USD Million)
  4. By End Use
    1. Asia Pacific Furfural Market, By End Use, 2020-2026 (USD Million)
  5. By Country
    1. China
      1. By Application
        
        China Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        China Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        China Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        China Furfural Market, By End Use, 2020-2026 (USD Million)
    2. Japan
      1. By Application
        
        Japan Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        Japan Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        Japan Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        Japan Furfural Market, By End Use, 2020-2026 (USD Million)
    3. India
      1. By Application
        
        India Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        India Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        India Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        India Furfural Market, By End Use, 2020-2026 (USD Million)
    4. South Korea
      1. By Application
        
        South Korea Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        South Korea Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        South Korea Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        South Korea Furfural Market, By End Use, 2020-2026 (USD Million)
Central & South America
1. Central & South America Furfural Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Application
    1. Central & South America Furfural Market, By Application, 2020-2026 (USD Million)
  2. By Process
    1. Central & South America Furfural Market, By Process, 2020-2026 (USD Million)
  3. By Raw Material
    1. Central & South America Furfural Market, By Raw Material, 2020-2026 (USD Million)
  4. By End Use
    1. Central & South America Furfural Market, By End Use, 2020-2026 (USD Million)
  5. By Country
    1. Brazil
      1. By Application
        
        Brazil Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        Brazil Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        Brazil Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        Brazil Furfural Market, By End Use, 2020-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Furfural Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Application
    1. Middle East & Africa Furfural Market, By Application, 2020-2026 (USD Million)
  2. By Process
    1. Middle East & Africa Furfural Market, By Process, 2020-2026 (USD Million)
  3. By Raw Material
    1. Middle East & Africa Furfural Market, By Raw Material, 2020-2026 (USD Million)
  4. By End Use
    1. Middle East & Africa Furfural Market, By End Use, 2020-2026 (USD Million)
  5. By Country
    1. Saudi Arabia
      1. By Application
        
        Saudi Arabia Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        Saudi Arabia Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        Saudi Arabia Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        Saudi Arabia Furfural Market, By End Use, 2020-2026 (USD Million)
    2. UAE
      1. By Application
        
        UAE Furfural Market, By Application, 2020-2026 (USD Million)
      2. By Process
        
        UAE Furfural Market, By Process, 2020-2026 (USD Million)
      3. By Raw Material
        
        UAE Furfural Market, By Raw Material, 2020-2026 (USD Million)
      4. By End Use
        
        UAE Furfural Market, By End Use, 2020-2026 (USD Million)

The global Furfural Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Furfural Market.

Furfural Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Furfural Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Furfural Market