Press release
Furfural Market is projected to reach USD 762.8 Mn by 2027, growing at a CAGR of 6.4 % during the forecast period
Furfural Market
The objective of this report is to offer a comprehensive assessment of the Furfural market. It includes thoughtful insights, historical data, industry-validated market information, and projections based on a robust methodology and assumptions. The report delves into understanding the dynamics of the Furfural market, identifies and analyzes market segments, and projects the global market size. Additionally, it features a competitive analysis of key players, considering factors such as product offerings, pricing, financial position, product portfolio, growth strategies, and regional presence. The report also encompasses PEST analysis, PORTER's analysis, and SWOT analysis to assist stakeholders in prioritizing their efforts and investments in the emerging segments of the Furfural market.
The report covers market trends from 2016 with a focus on forecasting through 2027, using 2020 as the base year. Special attention is given to the effects of the lockdown on demand and supply in 2020, as well as its impact on the market for the subsequent two years. The report also provides strategic analysis of companies that performed well during the lockdown period.
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Furfural Market Dynamics:
Increasing demand for Furfural alcohol: Furfural alcohol, a key derivative of furfural, is vital in the production of foundry sand binders and other applications, driven by the growing foundry industry, especially in India.
Availability of crude oil-based alternatives: The market faces competition from cheaper crude oil-based products, impacting furfural's market share.
Emerging demand for furfural derivatives: Furfural derivatives, like tetrahydrofuran (THF), are in demand in various industries, including textiles, spandex, and polyurethane production.
Furfural Market Regional Insights:
Geographically, the Asia Pacific region dominates the Furfural market, driven by increased demand in end-user industries such as petroleum refineries, pharmaceuticals, paints & coatings, and agriculture.
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Furfural Market Segmentation:
by Raw material
• Corn Cob
• Rice Husk
• Sugarcane Bagasse
• Others
by End-user
• Agriculture
• Refineries
• Pharmaceuticals
by Application
• Furfuryl alcohol
• Solvent
• Intermediate
• Others
Furfural Market Key Players:
• Central Romana
• Hongye Holding
• Illovo Sugar Ltd.
• Lenzing AG
• Penn A Kem LLC
• Silvateam S.p.A.
• Tanin Senvica d.d.
• Aurus Specialty Company
• Henan Huilong Chemical Co.
• Shandong Crownchem
• Tieling North Furfural
• Transfuran Chemicals
• Central Romana Co
• Tanin
• Hebeichem
• Linzi Organic Chemical
• Arcoy
• Behran Oil Co.
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Table of content for the Furfural Market includes:
1. Global Furfural Market: Research Methodology
2. Global Furfural Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Furfural Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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