Furfural Market Size, Share, Global Forecast to 2025

Furfural Market report published by Value Market Research provides a detailed market analysis comprising of market size, share, value, growth and trends for the period 2018-2025. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country market in detail.

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the furfural market include Arcoy Industries Pvt Ltd., Central Romana Corporation Ltd., Hongye Holdings Group Co., Ltd., Illovo Sugar Ltd., Krbl Ltd., Lenzing Ag, Penn A Kem LLC, Silvateam, Tanin Sevnica D.D. and Tieling North Furfural (Group) Co. among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.

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Market Dynamics

The rising demand of the product as a food additive and intermediate in the synthesis of pharmaceutical, herbicide, insecticide, and other synthetic compounds are fueling the market growth. Also, growing awareness regarding green chemicals coupled with rising environmental concerns is driving the market growth. Ongoing focus towards usage of renewable energy sources to minimize dependency on fossil fuels is favoring the market growth. Growing usage as feedstock or intermediate for the synthesis of furan-based chemicals is further propelling market growth. In spite of this, the high cost of production may act as a roadblock for market growth.

This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of furfural.

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Market Segmentation

The broad furfural market has been sub-grouped into raw material, application and end-user industry. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Raw Material

  • Corn Cob
  • Rice Husk
  • Sugarcane Bagasse
  • Others

By Application

  • Furfuryl Alcohol
  • Solvent

By End-User Industry

  • Petroleum Refineries
  • Agricultural Formulations
  • Paints & Coating
  • Pharmaceuticals
  • Others

Regional Analysis

Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for furfural in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.

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