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Furfural Market: By Process, By Raw Material, By Application, By End-user and Region Forecast 2019-2030
Furfural Market: By Process, By Raw Material, By Application, By End-user and Region Forecast 2019-2030
Furfural Market Size is valued at approximately US$ 693.5 million in 2023 and is poised to grow at a CAGR of of 5.2% from 2024 and 2030. Furfural is widely used as a solvent or intermediate in various end-use industries such as foundry, agriculture, paints and coatings, pharmaceuticals, refineries, chemicals, automotive, and construction. Over the forecast period, the expanding construction sector is expected to supplement the demand for the product in several refractory materials, including ceramics, bricks, and fiberglass composites. Furfuryl alcohol is a chemical that is derived from furfural. Furfuryl alcohol plays a vital role in producing foundry sand binders due to its high reactivity. This alcohol has been extensively used for making cores and mold for metal for many decades. This is also used in the production of tetrahydrofurfuryl alcohol (THFA), widely used in the pharmaceutical industry. The increasing applications of furfuryl alcohol in various sectors are anticipated to drive the market's growth over the forecast years.
Market participants have observed an increase in the use of furfural-based products in the agrochemical industry as insecticides, nematicides, and fungicides. It is a component of several nematicides, including crop protectors and crop guards, which are also used as weed killers in horticulture. As an agrochemical, furfural is comparatively very harmless and easy to apply. In 2019, the Corn Cob segment accounted for a larger revenue share and is projected to grow with a CAGR of 5.0% from 2022 to 2028. Corncob is the most desired product because it has the highest hemicellulose content (30.0-35.0%) of any proven raw material for furfural. It has a higher economic value because it yields more than other products.
Study Period
2024-2030Base Year
2023CAGR
5.2%Largest Market
Asia PacificFastest Growing Market
Europe
Growing demand for furfuryl alcohol and substituting fossil fuel resources with renewable alternatives will drive the market. Furfuryl alcohol is popularly used in the production of plastics and resins. With increased research activities in the field of rocketry fuel, consumption of furfuryl alcohol is expected to increase in the coming years, boosting the market. The low yield of furfural from traditional technology availability of crude oil-based alternatives will hinder the market growth.
The Asia Pacific generated the highest revenue share in the market due to high furfural production in the region, especially in China, and growth in several end-use industries, including agriculture, food & beverage, pharmaceutical, and refinery. Europe's market growth can be attributed due to the development of the food & beverages and the pharmaceutical sectors over the last decade.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 693.5 million |
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Market CAGR |
5.2% |
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By Process |
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By Raw Material |
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By End User |
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By Region |
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The global furfural market size was valued at US$ 693.5 million in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2030.
Tüpra, Central Romana Corporation., Pennakem, LLC., Silvateam S.p.a, Tannin Corporation
The Asia-Pacific is the fastest-growing market
| 1. Executive Summary |
| 2. Global Furfural Market Introduction |
| 2.1. Global Furfural Market Taxonomy |
| 2.2. Global Furfural Market Definitions |
| 2.2.1. Process |
| 2.2.2. Raw Material |
| 2.2.3. Application |
| 2.2.4. End-user |
| 2.2.5. Region |
| 3. Global Furfural Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Furfural Market Dynamic Factors - Impact Analysis |
| 3.6. Impact of COVID 19 on The Market |
| 3.7. Forecast Scenarios - Pessimistic, Conservative, and Opportunistic |
| 3.8. Mapping Market Player’s Activities |
| 3.9. Recent Key Developments |
| 3.10. Financial Status of the Market Players |
| 3.11. Recent Acquisitions, Collaborations, and Mergers |
| 4. Global Furfural Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Furfural Market Analysis, By Process, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 5.1. Quaker Batch Process |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Chinese Batch Process |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Rosenlew Continuous Process |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Furfural Market Analysis, By Raw Material, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 6.1. Corn Cob |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Sugarcane Bagasse |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Sunflower Hull |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Rice Husk |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Furfural Market Analysis, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 7.1. Solvents |
| 7.1.1. Furfuryl Alcohol |
| 7.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 7.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.1.3. Market Opportunity Analysis |
| 7.1.2. Furoic Acid |
| 7.1.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 7.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.2.3. Market Opportunity Analysis |
| 7.1.3. Methyl Furan |
| 7.1.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 7.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3.3. Market Opportunity Analysis |
| 7.1.4. Tetrahydrofurfuryl |
| 7.1.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 7.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.4.3. Market Opportunity Analysis |
| 7.2. Resins |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Gasoline Additives |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Fungicides |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Flavor Enhancers |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Decolorizing Agents |
| 7.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Others |
| 7.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8. Global Furfural Market Analysis, By End-use, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 8.1. Agriculture |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Paints & Coatings |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Pharmaceuticals |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Food & Beverage |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Refineries |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Others |
| 8.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.6.3. Market Opportunity Analysis |
| 9. Global Furfural Market Analysis, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia-Pacific |
| 9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. The Middle East and Africa |
| 9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global Furfural Market - Opportunity Analysis Index, By Process, Raw Material, Application, End-use, and Region, 2023 - 2029 |
| 10. North America Furfural Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 10.1. Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Quaker Batch Process |
| 10.1.2. Chinese Batch Process |
| 10.1.3. Rosenlew Continuous Process |
| 10.1.4. Others |
| 10.2. Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Corn Cob |
| 10.2.2. Sugarcane Bagasse |
| 10.2.3. Sunflower Hull |
| 10.2.4. Rice Husk |
| 10.2.5. Others |
| 10.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Solvents |
| 10.3.1.1. Furfuryl Alcohol |
| 10.3.1.2. Furoic Acid |
| 10.3.1.3. Methyl Furan |
| 10.3.1.4. Tetrahydrofurfuryl |
| 10.3.2. Resins |
| 10.3.3. Gasoline Additives |
| 10.3.4. Fungicides |
| 10.3.5. Flavor Enhancers |
| 10.3.6. Decolorizing Agents |
| 10.3.7. Others |
| 10.4. End-use Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1. Agriculture |
| 10.4.2. Paints & Coatings |
| 10.4.3. Pharmaceuticals |
| 10.4.4. Food & Beverage |
| 10.4.5. Refineries |
| 10.4.6. Others |
| 10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. The U.S. |
| 10.5.2. Canada |
| 10.6. North America Furfural Market - Opportunity Analysis Index, By Raw Material, Process, Application, End User, and Country, 2023 - 2029 |
| 10.7. North America Furfural Market Dynamics Trends |
| 11. Europe Furfural Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 11.1. Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Quaker Batch Process |
| 11.1.2. Chinese Batch Process |
| 11.1.3. Rosenlew Continuous Process |
| 11.1.4. Others |
| 11.2. Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Corn Cob |
| 11.2.2. Sugarcane Bagasse |
| 11.2.3. Sunflower Hull |
| 11.2.4. Rice Husk |
| 11.2.5. Others |
| 11.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Solvents |
| 11.3.1.1. Furfuryl Alcohol |
| 11.3.1.2. Furoic Acid |
| 11.3.1.3. Methyl Furan |
| 11.3.1.4. Tetrahydrofurfuryl |
| 11.3.2. Resins |
| 11.3.3. Gasoline Additives |
| 11.3.4. Fungicides |
| 11.3.5. Flavor Enhancers |
| 11.3.6. Decolorizing Agents |
| 11.3.7. Others |
| 11.4. End-use Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1. Agriculture |
| 11.4.2. Paints & Coatings |
| 11.4.3. Pharmaceuticals |
| 11.4.4. Food & Beverage |
| 11.4.5. Refineries |
| 11.4.6. Others |
| 11.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. The UK |
| 11.5.3. France |
| 11.5.4. Italy |
| 11.5.5. Spain |
| 11.5.6. Rest of Europe |
| 11.6. Europe Furfural Market - Opportunity Analysis Index, By Raw Material, Process, Application, End Use, and Country, 2023 - 2029 |
| 11.7. Europe Furfural Market Dynamics Trends |
| 12. Asia-Pacific Furfural Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 12.1. Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Quaker Batch Process |
| 12.1.2. Chinese Batch Process |
| 12.1.3. Rosenlew Continuous Process |
| 12.1.4. Others |
| 12.2. Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Corn Cob |
| 12.2.2. Sugarcane Bagasse |
| 12.2.3. Sunflower Hull |
| 12.2.4. Rice Husk |
| 12.2.5. Others |
| 12.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Solvents |
| 12.3.1.1. Furfuryl Alcohol |
| 12.3.1.2. Furoic Acid |
| 12.3.1.3. Methyl Furan |
| 12.3.1.4. Tetrahydrofurfuryl |
| 12.3.2. Resins |
| 12.3.3. Gasoline Additives |
| 12.3.4. Fungicides |
| 12.3.5. Flavor Enhancers |
| 12.3.6. Decolorizing Agents |
| 12.3.7. Others |
| 12.4. End-use Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1. Agriculture |
| 12.4.2. Paints & Coatings |
| 12.4.3. Pharmaceuticals |
| 12.4.4. Food & Beverage |
| 12.4.5. Refineries |
| 12.4.6. Others |
| 12.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. Japan |
| 12.5.2. China |
| 12.5.3. India |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia-Pacific Furfural Market - Opportunity Analysis Index, By Raw Material, Process, Application, End Use, and Country, 2023 - 2029 |
| 12.7. Asia-Pacific Furfural Market Dynamics Trends |
| 13. Latin America Furfural Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 13.1. Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Quaker Batch Process |
| 13.1.2. Chinese Batch Process |
| 13.1.3. Rosenlew Continuous Process |
| 13.1.4. Others |
| 13.2. Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Corn Cob |
| 13.2.2. Sugarcane Bagasse |
| 13.2.3. Sunflower Hull |
| 13.2.4. Rice Husk |
| 13.2.5. Others |
| 13.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. Solvents |
| 13.3.1.1. Furfuryl Alcohol |
| 13.3.1.2. Furoic Acid |
| 13.3.1.3. Methyl Furan |
| 13.3.1.4. Tetrahydrofurfuryl |
| 13.3.2. Resins |
| 13.3.3. Gasoline Additives |
| 13.3.4. Fungicides |
| 13.3.5. Flavor Enhancers |
| 13.3.6. Decolorizing Agents |
| 13.3.7. Others |
| 13.4. End-use Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1. Agriculture |
| 13.4.2. Paints & Coatings |
| 13.4.3. Pharmaceuticals |
| 13.4.4. Food & Beverage |
| 13.4.5. Refineries |
| 13.4.6. Others |
| 13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Argentina |
| 13.5.3. Mexico |
| 13.5.4. Rest of Latin America |
| 13.6. Latin America Furfural Market - Opportunity Analysis Index, By Raw Material, Process, Application, End Use, and Country, 2023 - 2029 |
| 13.7. Latin America Furfural Market Dynamics Trends |
| 14. The Middle East and Africa Furfural Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue (USD Million) & Volume (Tons)) |
| 14.1. Process Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Quaker Batch Process |
| 14.1.2. Chinese Batch Process |
| 14.1.3. Rosenlew Continuous Process |
| 14.1.4. Others |
| 14.2. Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1. Corn Cob |
| 14.2.2. Sugarcane Bagasse |
| 14.2.3. Sunflower Hull |
| 14.2.4. Rice Husk |
| 14.2.5. Others |
| 14.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1. Solvents |
| 14.3.1.1. Furfuryl Alcohol |
| 14.3.1.2. Furoic Acid |
| 14.3.1.3. Methyl Furan |
| 14.3.1.4. Tetrahydrofurfuryl |
| 14.3.2. Resins |
| 14.3.3. Gasoline Additives |
| 14.3.4. Fungicides |
| 14.3.5. Flavor Enhancers |
| 14.3.6. Decolorizing Agents |
| 14.3.7. Others |
| 14.4. End-use Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1. Agriculture |
| 14.4.2. Paints & Coatings |
| 14.4.3. Pharmaceuticals |
| 14.4.4. Food & Beverage |
| 14.4.5. Refineries |
| 14.4.6. Others |
| 14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Million), Volume (Tons), Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1. GCC Countries |
| 14.5.2. South Africa |
| 14.5.3. Israel |
| 14.5.4. Rest of MEA |
| 14.6. MEA Furfural Market - Opportunity Analysis Index, By Raw Material, Process, Application, End Use, and Country, 2023 - 2029 |
| 14.7. MEA Furfural Market Dynamics Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Process Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. ILLOVO SUGAR AFRICA (PTY) LTD |
| 15.2.2. Behran Oil Co. |
| 15.2.3. Beijing Lys Chemicals |
| 15.2.4. Central Romana Corporation |
| 15.2.5. Dalinyebo |
| 15.2.6. Furnova Polymers Ltd |
| 15.2.7. Hebeichem |
| 15.2.8. Hefei Tnj Chemical Industry |
| 15.2.9. Hongye Holding Group Co., Ltd. |
| 15.2.10. Krbl Ltd. |
| 15.2.11. LENZING AG |
| 15.2.12. Linzi Organic Chemical Inc. Ltd. |
| 15.2.13. NC Nature Chemicals |
| 15.2.14. Pennakem, LLC |
| 15.2.15. Shandong Crownchem Industries Co., Ltd. |
| 15.2.16. Shanghai Ruizheng Technology |
| 15.2.17. Silvateam S.p.a. |
| 15.2.18. Tanin d.d. |
| 15.2.19. TransFurans Chemicals bvba (International Furan Chemicals (IFC)) |
| 15.2.20. Xian Welldon Trading Co., Ltd |
| 15.2.21. Xingtai Chunlei Furfuryl Alcohol |
| 15.2.22. Zhucheng Taisheng Chemical |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.