Global Furfural Market – Industry Trends and Forecast to 2026

  • Chemical and Materials
  • Upcoming Report
  • Oct 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Furfural Market By Raw Material (Corncobs, Rice Hulls, Cotton Hulls, Sugar Cane Bagasse, Others), Application (Solvents, Flavor Enhancers, Fungicides, Gasoline Additives, Decolorizing Agents, Intermediates in Adhesives and Sealants), Catalyst (Solid Acid Type, Liquid Acid Type), End- User Industry (Chemical Industry, Agrochemical Industry, Pharmaceutical and Medical Industry, Oil and Gas Industry, Automotive and Transportation Industry, Manufacturing Industry, Furfural s and Polymer Industry, Food and beverages industry, Fertilizer Industry, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Furfural Market

Global furfural market is set to witness a steady CAGR of 4.75% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising production opportunities and rising environmental concern are the factor for the market growth.

Market Definition: Global Furfural Market

Furfural is an organic compound which is a colorless liquid. Due to its superior physical properties, furfural is commonly used as a solvent in the production of refractory products, resin-bonded grinding wheels and butadiene extraction. They usually have thermosetting properties, physical resistance and corrosive resistance. They are also used as solvent for refining rosin and oil so they can enhance the characteristics of catalytic cracker and diesel fuel. They are widely used in applications such as flavour enhancer, gasoline additives, decolorizing agents among others.

Market Drivers:

  • Growing demand for furfuryl alcohol will drive the market
  • Increasing demand from industrial chemical manufacturing will also contribute as a factor for the market growth
  • Rising R&D activities will also enhance the market growth
  • Growing importance of bio- based solvents will also accelerate the growth of the market in the forecast period

Market Restraints:

  • Fluctuation in the cost of raw material will also hamper the market growth
  • Lack of process production process framework is another factor restricting the market growth
  • Inefficient technological advancement will also hamper the demand of the market

Segmentation: Global Furfural Market

By Raw Material

  • Corncobs
  • Rice Hulls
  • Cotton Hulls
  • Sugar Cane Bagasse
  • Others

By Application

  • Solvents
  • Flavor Enhancers
  • Fungicides
  • Gasoline Additives
  • Decolorizing Agents
  • Intermediates in Adhesives and Sealants

By Catalyst

  • Solid Acid Type
  • Liquid Acid Type

By End- User Industry

  • Chemical Industry
  • Agrochemical Industry
  • Pharmaceutical and Medical Industry
  • Oil and Gas Industry
  • Automotive and Transportation Industry
  • Manufacturing Industry
  • Furfural s and Polymer Industry
  • Food and beverages Industry
  • Fertilizer Industry
  • Others

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • Europe

    • Germany
    • France
    • Italy
    • U.K.
    • Belgium
    • Spain
    • Russia
    • Turkey
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Middle East and Africa

    • UAE
    • Saudi Arabia
    • Egypt
    • South Africa
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In July 2018, Sappi today announced further progress in the growth of its biorefinery ability by announcing that it will build a demonstration plant to further expand its latest Xylex technology for Xylitol and Furfural production. They are planning to focus on building a sustainable and profitable business from the manufacture and sale of food ingredients, materials and chemical intermediates derived from C5 sugars produced as a co-product of our production of dissolving wood pulp and lignin produced in our global production of pulp
  • In July 2015, Oji Holdings Corporation announced that they are going to establish new technology so they can produce furfural from the hemicellulose. During the manufacture of dissolving pulp, this is constantly isolated, making commercial production of furfural possible. This will also help the company to use the furfural in different applications

Competitive Analysis:

Global furfural market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of furfural market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global furfural market are Central Romana Corporation; hebeichem; ILLOVO SUGAR AFRICA (PTY) LTD; International Furan Chemicals B.V.; LENZING AG; Pennakem, LLC; Silvateam S.p.a.; International Furan Chemicals B.V.; Zibo Xinye Chemical Industry Limited Company; Krbl; Transfurans bvba; Nutrafur S.A.; Merck KGaA; Hefei TNJ Chemical Industry Co.,Ltd.; Galaxy Laboratories; Shanxi Province Gaoping Chemical Industry Co.,Ltd; Henan Huilong Chemical Co.,Ltd.; among others.

Research Methodology: Global Furfural Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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