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Latin America Furfural Market: By Raw Materials, By Catalyst Type, Application, By End User and Geography
Latin America Furfural Market was valued at US$ 2.1 billion in 2023 and is anticipated to grow at US$ 3.1 billion by 2030 recording a CAGR of 6.8% from 2024-2030. Latin America Furfural Market is (C4H3OCHO) a naturally occurring chemical that is produced from the hemicellulose fraction of lignocellulosic biomass by dehydrating carbon sugars. It's a versatile chemical that's commonly used as a raw ingredient in the production of phenol-furfural resins. Latin America Furfuryl alcohol, tetrahydrofurfuryl alcohol (THFA), tetrahydrofuran, furan, and diols can all be made from it. Furfuryl alcohol, for example, is widely used as a flavouring agent and filler in the production of paints, textiles, and plastics around the world, which has a favourable impact on their overall sales. One of the key drivers of market expansion is Latin America's furfural's wide range of applications in numerous end-use industries. It's utilised in the production of plastics, adhesives, nematicides, inks, antacids, fungicides, fertilisers, and flavouring compounds all over the world. Furthermore, the adoption of Latin America furfural in the food and beverage (F&B) business is being fueled by an increase in demand for packaged food products due to hectic schedules, an increasing working population, rising income levels, and the convenience offered. Growing environmental concerns, an increase in the consumption of pesticides and fungicides in the agriculture sector, growing awareness regarding using eco-friendly products and changing trends in food & beverages in customers are some key factors fueling the market growth. The key challenge in the Market is the lack of improvement in technology.
Furfural is mainly used in the manufacturing of furfuryl alcohol as it offers superior binding properties and mechanical strength which are most needed in sand molds and cores of foundries. It is industrially produced by the catalytic hydrogenation of furfural under high pressures. It is extensively used in the plastic and resins. The consumption of furfuryl alcohol is increasing due to the rising research activities in the rocketry fuel field. Developing regions held major share in the production and consumption of alcohol with concern for renewable materials and growing population.
Report Benchmarks |
Details |
Market Size in 2023 |
US$ 2.1 billion |
Market Size in 2030 |
US$ 3.1 billion |
By Raw Materials |
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By Catalyst Type |
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By Application |
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By End User |
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2023 is the base year and 2030 is the forecast year.
The Latin America Furfural Market Report data: (Chile, Brazil, Argentina, Mexico, Rest of LATAM)
The Latin America Furfural Market key players are: International Furan Chemicals B.V. (The Netherlands) Zibo Xinye Chemical Co., Ltd. (China) Zhucheng Taisheng Chemical Co., Ltd. (China) Transfurans Chemicals bvba (Belgium) Tanin Sevnica d.d. (Slovenia) Silvateam S.p.a. (Italy) NC-Nature Chemicals Dr. Kruppa GmbH (Germany) Lenzing AG (Austria) Hongye Holding Group Corporation Limited (China)
1. Summary |
2. Latin America Furfural Market Introduction |
2.1. Latin America Furfural Market - Taxonomy |
2.2. Latin America Furfural Market - Definitions |
2.2.1.Raw Materials |
2.2.2.Catalyst Type |
2.2.3.Application |
2.2.4.End Users |
2.2.5.Region |
3. Latin America Furfural Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Latin America Furfural Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Latin America Furfural Market By Raw Materials, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Lignocellulosic Feedstock |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Agricultural Raw Materials |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Almond Husk |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Bagasse |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Corn Hubs |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Cotton Husk |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Oat Husk |
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
5.8. Rice Husk |
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.8.3. Market Opportunity Analysis |
6. Latin America Furfural Market By Catalyst Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Solid Acid Type Catalyst |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Zeolite Catalyst |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Liquid Acid Type Catalyst |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Bronsted Aids |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Lewis Acids |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Latin America Furfural Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Solvents |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Furfuryl Alcohol |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Furoic Acid |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Methyl Furan |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Tetrahydrofurfuryl |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Resins |
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
7.7. Gasoline Additives |
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.7.3. Market Opportunity Analysis |
7.8. Fungicides |
7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.8.3. Market Opportunity Analysis |
7.9. Flavor Enhancers |
7.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.9.3. Market Opportunity Analysis |
7.10. Decolorizing Agents |
7.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.10.3. Market Opportunity Analysis |
8. Latin America Furfural Market By End Users , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Agrochemical Industry |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Pharmaceutical and Medical Industry |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Lubricants Industry |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Cements Industry |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Energy Industry |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Adhesives Industry |
8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.6.3. Market Opportunity Analysis |
8.7. Coatings Industry |
8.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.7.3. Market Opportunity Analysis |
8.8. Food and Beverages Industry |
8.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.8.3. Market Opportunity Analysis |
9. Latin America Furfural Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Latin America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Brazil |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Mexico |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Rest of LA |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
10. Latin America Latin America Furfural Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Raw Materials Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Lignocellulosic Feedstock |
10.1.2.Agricultural Raw Materials |
10.1.3.Almond Husk |
10.1.4.Bagasse |
10.1.5.Corn Hubs |
10.1.6.Cotton Husk |
10.1.7.Oat Husk |
10.1.8.Rice Husk |
10.2. Catalyst Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Solid Acid Type Catalyst |
10.2.2.Zeolite Catalyst |
10.2.3.Liquid Acid Type Catalyst |
10.2.4.Bronsted Aids |
10.2.5.Lewis Acids |
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Solvents |
10.3.2.Furfuryl Alcohol |
10.3.3.Furoic Acid |
10.3.4.Methyl Furan |
10.3.5.Tetrahydrofurfuryl |
10.3.6.Resins |
10.3.7.Gasoline Additives |
10.3.8.Fungicides |
10.3.9.Flavor Enhancers |
10.3.10.Decolorizing Agents |
10.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Agrochemical Industry |
10.4.2.Pharmaceutical and Medical Industry |
10.4.3.Lubricants Industry |
10.4.4.Cements Industry |
10.4.5.Energy Industry |
10.4.6.Adhesives Industry |
10.4.7.Coatings Industry |
10.4.8.Food and Beverages Industry |
11. Brazil Latin America Furfural Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Lignocellulosic Feedstock |
11.1.2.Agricultural Raw Materials |
11.1.3.Almond Husk |
11.1.4.Bagasse |
11.1.5.Corn Hubs |
11.1.6.Cotton Husk |
11.1.7.Oat Husk |
11.1.8.Rice Husk |
11.2. Catalyst Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Solid Acid Type Catalyst |
11.2.2.Zeolite Catalyst |
11.2.3.Liquid Acid Type Catalyst |
11.2.4.Bronsted Aids |
11.2.5.Lewis Acids |
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Solvents |
11.3.2.Furfuryl Alcohol |
11.3.3.Furoic Acid |
11.3.4.Methyl Furan |
11.3.5.Tetrahydrofurfuryl |
11.3.6.Resins |
11.3.7.Gasoline Additives |
11.3.8.Fungicides |
11.3.9.Flavor Enhancers |
11.3.10.Decolorizing Agents |
11.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Agrochemical Industry |
11.4.2.Pharmaceutical and Medical Industry |
11.4.3.Lubricants Industry |
11.4.4.Cements Industry |
11.4.5.Energy Industry |
11.4.6.Adhesives Industry |
11.4.7.Coatings Industry |
11.4.8.Food and Beverages Industry |
12. Mexico Latin America Furfural Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Lignocellulosic Feedstock |
12.1.2.Agricultural Raw Materials |
12.1.3.Almond Husk |
12.1.4.Bagasse |
12.1.5.Corn Hubs |
12.1.6.Cotton Husk |
12.1.7.Oat Husk |
12.1.8.Rice Husk |
12.2. Catalyst Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Solid Acid Type Catalyst |
12.2.2.Zeolite Catalyst |
12.2.3.Liquid Acid Type Catalyst |
12.2.4.Bronsted Aids |
12.2.5.Lewis Acids |
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Solvents |
12.3.2.Furfuryl Alcohol |
12.3.3.Furoic Acid |
12.3.4.Methyl Furan |
12.3.5.Tetrahydrofurfuryl |
12.3.6.Resins |
12.3.7.Gasoline Additives |
12.3.8.Fungicides |
12.3.9.Flavor Enhancers |
12.3.10.Decolorizing Agents |
12.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Agrochemical Industry |
12.4.2.Pharmaceutical and Medical Industry |
12.4.3.Lubricants Industry |
12.4.4.Cements Industry |
12.4.5.Energy Industry |
12.4.6.Adhesives Industry |
12.4.7.Coatings Industry |
12.4.8.Food and Beverages Industry |
13. Rest of LA Latin America Furfural Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Raw Materials Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Lignocellulosic Feedstock |
13.1.2.Agricultural Raw Materials |
13.1.3.Almond Husk |
13.1.4.Bagasse |
13.1.5.Corn Hubs |
13.1.6.Cotton Husk |
13.1.7.Oat Husk |
13.1.8.Rice Husk |
13.2. Catalyst Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Solid Acid Type Catalyst |
13.2.2.Zeolite Catalyst |
13.2.3.Liquid Acid Type Catalyst |
13.2.4.Bronsted Aids |
13.2.5.Lewis Acids |
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Solvents |
13.3.2.Furfuryl Alcohol |
13.3.3.Furoic Acid |
13.3.4.Methyl Furan |
13.3.5.Tetrahydrofurfuryl |
13.3.6.Resins |
13.3.7.Gasoline Additives |
13.3.8.Fungicides |
13.3.9.Flavor Enhancers |
13.3.10.Decolorizing Agents |
13.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Agrochemical Industry |
13.4.2.Pharmaceutical and Medical Industry |
13.4.3.Lubricants Industry |
13.4.4.Cements Industry |
13.4.5.Energy Industry |
13.4.6.Adhesives Industry |
13.4.7.Coatings Industry |
13.4.8.Food and Beverages Industry |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.International Furan Chemicals B.V. (The Netherlands) |
14.2.2.Zibo Xinye Chemical Co., Ltd. (China) |
14.2.3.Zhucheng Taisheng Chemical Co., Ltd. (China) |
14.2.4.Transfurans Chemicals bvba (Belgium) |
14.2.5.Tanin Sevnica d.d. (Slovenia) |
14.2.6.Hongye Holding Group Corporation Limited (China) |
14.2.7.Silvateam S.p.a. (Italy) |
14.2.8.NC-Nature Chemicals Dr. Kruppa GmbH (Germany) |
14.2.9.Lenzing AG (Austria) |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players