Overview
Report Coverage
Key Takeaways
- New product developments and increasing investments in research and development of furfuryl alcohol are expected to drive the growth of this market.
- Among end-user, agriculture segment is projected to lead the fufural market during the forecast period.
- Asia Pacific dominated the Furfural Market.
By Process - Segment Analysis
Chinese Batch Process segment held a significant share in Furfural Market in 2019. This process is majorly used in China, which is the largest manufacturer across the globe. Quaker batch process is one of the oldest manufacturing processes, while others are modified versions of the former processes. The major difference between the Quaker batch and Rosenlew continuous processes is that the former uses sulfuric acid as a catalyst, while the latter does not require a separate catalyst.
Rosenlew continuous process is the simplest of all, has trouble-free operation characteristics, and needs comparatively less maintenance. However, this process is not preferred by small- and medium-scale manufacturers as it uses a large quantity of steam, and the production yield is low, thereby resulting in high production cost. The majority of the manufacturers prefer the Chinese batch process as it is inexpensive.
By Raw Material - Segment Analysis
By Application - Segment Analysis
By End-User Industry - Segment Analysis
Agriculture segment held a significant share in Furfural Market in 2019 growing at a CAGR of XX% during the forecast period. Owing to their use in revolutionized pesticides, fungicides, herbicides, and other synthetic chemical compounds, Agriculture industry is expected to dominate the market. However, agricultural formulations will continue to grow at the highest CAGR during the forecast period owing to support from government organizations to promote the adoption of bio-based pesticides, fungicides, herbicides, and other chemical compounds. The product is also used as a weed killer in horticulture. It is a contact nematicide, mechanically incorporated or moved into the soil during irrigation, and used in reasonably low concentrations. As an agrochemical, it is comparatively harmless and easy to apply.
Furfural is used as an intermediate in the synthesis of pharmaceuticals and as an essential fragment of pharmaceutical building blocks. The product is recorded as an active ingredient in veterinary products in Drug Products Database. Moreover, in petroleum refineries, solvent application of the organic compound is used.
The COVID-19 pandemic and subsequent halt in manufacturing activities shall have an impact on the supply availability of a variety of renewable chemicals. Furthermore, current disruption in trade shall also gravely impact the availability of chemical stocks in import-dependent countries.
Geography- Segment Analysis
Drivers – Furfural Market
Growing demand for furfuryl alcohol
Challenges – Furfural Market
Availability of crude oil-based alternatives
Market Landscape
Geographical Expansion
- In 2016, an India-based Company, KRBL set up a furfuryl alcohol plant at Bhasaur, Dhuri District, Sangrur in the state of Punjab at a total cost of more than US$ 2.0 Mn. The company, through this plant, intends to convert furfuryl oil into refined furfuryl alcohol, as there is huge demand for furfuryl alcohol in India.
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Table1: Furfural Market Overview 2021-2026
Table2: Furfural Market Leader Analysis 2018-2019 (US$)
Table3: Furfural Market Product Analysis 2018-2019 (US$)
Table4: Furfural Market End User Analysis 2018-2019 (US$)
Table5: Furfural Market Patent Analysis 2013-2018* (US$)
Table6: Furfural Market Financial Analysis 2018-2019 (US$)
Table7: Furfural Market Driver Analysis 2018-2019 (US$)
Table8: Furfural Market Challenges Analysis 2018-2019 (US$)
Table9: Furfural Market Constraint Analysis 2018-2019 (US$)
Table10: Furfural Market Supplier Bargaining Power Analysis 2018-2019 (US$)
Table11: Furfural Market Buyer Bargaining Power Analysis 2018-2019 (US$)
Table12: Furfural Market Threat of Substitutes Analysis 2018-2019 (US$)
Table13: Furfural Market Threat of New Entrants Analysis 2018-2019 (US$)
Table14: Furfural Market Degree of Competition Analysis 2018-2019 (US$)
Table15: Furfural Market Value Chain Analysis 2018-2019 (US$)
Table16: Furfural Market Pricing Analysis 2021-2026 (US$)
Table17: Furfural Market Opportunities Analysis 2021-2026 (US$)
Table18: Furfural Market Product Life Cycle Analysis 2021-2026 (US$)
Table19: Furfural Market Supplier Analysis 2018-2019 (US$)
Table20: Furfural Market Distributor Analysis 2018-2019 (US$)
Table21: Furfural Market Trend Analysis 2018-2019 (US$)
Table22: Furfural Market Size 2018 (US$)
Table23: Furfural Market Forecast Analysis 2021-2026 (US$)
Table24: Furfural Market Sales Forecast Analysis 2021-2026 (Units)
Table25: Furfural Market, Revenue & Volume, By Application, 2021-2026 ($)
Table26: Furfural Market By Application, Revenue & Volume, By Furfuryl Alcohol, 2021-2026 ($)
Table27: Furfural Market By Application, Revenue & Volume, By Solvents, 2021-2026 ($)
Table28: Furfural Market By Application, Revenue & Volume, By Chemical Intermediates, 2021-2026 ($)
Table29: Furfural Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table30: Furfural Market By End-Use Industry, Revenue & Volume, By Pharmaceutical, 2021-2026 ($)
Table31: Furfural Market By End-Use Industry, Revenue & Volume, By Chemical, 2021-2026 ($)
Table32: Furfural Market By End-Use Industry, Revenue & Volume, By Food & Beverages, 2021-2026 ($)
Table33: Furfural Market By End-Use Industry, Revenue & Volume, By Automotive, 2021-2026 ($)
Table34: Furfural Market By End-Use Industry, Revenue & Volume, By Electronics, 2021-2026 ($)
Table35: North America Furfural Market, Revenue & Volume, By Application, 2021-2026 ($)
Table36: North America Furfural Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table37: South america Furfural Market, Revenue & Volume, By Application, 2021-2026 ($)
Table38: South america Furfural Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table39: Europe Furfural Market, Revenue & Volume, By Application, 2021-2026 ($)
Table40: Europe Furfural Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table41: APAC Furfural Market, Revenue & Volume, By Application, 2021-2026 ($)
Table42: APAC Furfural Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table43: Middle East & Africa Furfural Market, Revenue & Volume, By Application, 2021-2026 ($)
Table44: Middle East & Africa Furfural Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table45: Russia Furfural Market, Revenue & Volume, By Application, 2021-2026 ($)
Table46: Russia Furfural Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table47: Israel Furfural Market, Revenue & Volume, By Application, 2021-2026 ($)
Table48: Israel Furfural Market, Revenue & Volume, By End-Use Industry, 2021-2026 ($)
Table49: Top Companies 2018 (US$)Furfural Market, Revenue & Volume
Table50: Product Launch 2018-2019Furfural Market, Revenue & Volume
Table51: Mergers & Acquistions 2018-2019Furfural Market, Revenue & Volume
List of Figures:
Figure 1: Overview of Furfural Market 2021-2026
Figure 2: Market Share Analysis for Furfural Market 2018 (US$)
Figure 3: Product Comparison in Furfural Market 2018-2019 (US$)
Figure 4: End User Profile for Furfural Market 2018-2019 (US$)
Figure 5: Patent Application and Grant in Furfural Market 2013-2018* (US$)
Figure 6: Top 5 Companies Financial Analysis in Furfural Market 2018-2019 (US$)
Figure 7: Market Entry Strategy in Furfural Market 2018-2019
Figure 8: Ecosystem Analysis in Furfural Market 2018
Figure 9: Average Selling Price in Furfural Market 2021-2026
Figure 10: Top Opportunites in Furfural Market 2018-2019
Figure 11: Market Life Cycle Analysis in Furfural Market
Figure 12: GlobalBy ApplicationFurfural Market Revenue, 2021-2026 ($)
Figure 13: GlobalBy End-Use IndustryFurfural Market Revenue, 2021-2026 ($)
Figure 14: Global Furfural Market - By Geography
Figure 15: Global Furfural Market Value & Volume, By Geography, 2021-2026 ($)
Figure 16: Global Furfural Market CAGR, By Geography, 2021-2026 (%)
Figure 17: North America Furfural Market Value & Volume, 2021-2026 ($)
Figure 18: US Furfural Market Value & Volume, 2021-2026 ($)
Figure 19: US GDP and Population, 2018-2019 ($)
Figure 20: US GDP – Composition of 2018, By Sector of Origin
Figure 21: US Export and Import Value & Volume, 2018-2019 ($)
Figure 22: Canada Furfural Market Value & Volume, 2021-2026 ($)
Figure 23: Canada GDP and Population, 2018-2019 ($)
Figure 24: Canada GDP – Composition of 2018, By Sector of Origin
Figure 25: Canada Export and Import Value & Volume, 2018-2019 ($)
Figure 26: Mexico Furfural Market Value & Volume, 2021-2026 ($)
Figure 27: Mexico GDP and Population, 2018-2019 ($)
Figure 28: Mexico GDP – Composition of 2018, By Sector of Origin
Figure 29: Mexico Export and Import Value & Volume, 2018-2019 ($)
Figure 30: South America Furfural Market Value & Volume, 2021-2026 ($)
Figure 31: Brazil Furfural Market Value & Volume, 2021-2026 ($)
Figure 32: Brazil GDP and Population, 2018-2019 ($)
Figure 33: Brazil GDP – Composition of 2018, By Sector of Origin
Figure 34: Brazil Export and Import Value & Volume, 2018-2019 ($)
Figure 35: Venezuela Furfural Market Value & Volume, 2021-2026 ($)
Figure 36: Venezuela GDP and Population, 2018-2019 ($)
Figure 37: Venezuela GDP – Composition of 2018, By Sector of Origin
Figure 38: Venezuela Export and Import Value & Volume, 2018-2019 ($)
Figure 39: Argentina Furfural Market Value & Volume, 2021-2026 ($)
Figure 40: Argentina GDP and Population, 2018-2019 ($)
Figure 41: Argentina GDP – Composition of 2018, By Sector of Origin
Figure 42: Argentina Export and Import Value & Volume, 2018-2019 ($)
Figure 43: Ecuador Furfural Market Value & Volume, 2021-2026 ($)
Figure 44: Ecuador GDP and Population, 2018-2019 ($)
Figure 45: Ecuador GDP – Composition of 2018, By Sector of Origin
Figure 46: Ecuador Export and Import Value & Volume, 2018-2019 ($)
Figure 47: Peru Furfural Market Value & Volume, 2021-2026 ($)
Figure 48: Peru GDP and Population, 2018-2019 ($)
Figure 49: Peru GDP – Composition of 2018, By Sector of Origin
Figure 50: Peru Export and Import Value & Volume, 2018-2019 ($)
Figure 51: Colombia Furfural Market Value & Volume, 2021-2026 ($)
Figure 52: Colombia GDP and Population, 2018-2019 ($)
Figure 53: Colombia GDP – Composition of 2018, By Sector of Origin
Figure 54: Colombia Export and Import Value & Volume, 2018-2019 ($)
Figure 55: Costa Rica Furfural Market Value & Volume, 2021-2026 ($)
Figure 56: Costa Rica GDP and Population, 2018-2019 ($)
Figure 57: Costa Rica GDP – Composition of 2018, By Sector of Origin
Figure 58: Costa Rica Export and Import Value & Volume, 2018-2019 ($)
Figure 59: Europe Furfural Market Value & Volume, 2021-2026 ($)
Figure 60: U.K Furfural Market Value & Volume, 2021-2026 ($)
Figure 61: U.K GDP and Population, 2018-2019 ($)
Figure 62: U.K GDP – Composition of 2018, By Sector of Origin
Figure 63: U.K Export and Import Value & Volume, 2018-2019 ($)
Figure 64: Germany Furfural Market Value & Volume, 2021-2026 ($)
Figure 65: Germany GDP and Population, 2018-2019 ($)
Figure 66: Germany GDP – Composition of 2018, By Sector of Origin
Figure 67: Germany Export and Import Value & Volume, 2018-2019 ($)
Figure 68: Italy Furfural Market Value & Volume, 2021-2026 ($)
Figure 69: Italy GDP and Population, 2018-2019 ($)
Figure 70: Italy GDP – Composition of 2018, By Sector of Origin
Figure 71: Italy Export and Import Value & Volume, 2018-2019 ($)
Figure 72: France Furfural Market Value & Volume, 2021-2026 ($)
Figure 73: France GDP and Population, 2018-2019 ($)
Figure 74: France GDP – Composition of 2018, By Sector of Origin
Figure 75: France Export and Import Value & Volume, 2018-2019 ($)
Figure 76: Netherlands Furfural Market Value & Volume, 2021-2026 ($)
Figure 77: Netherlands GDP and Population, 2018-2019 ($)
Figure 78: Netherlands GDP – Composition of 2018, By Sector of Origin
Figure 79: Netherlands Export and Import Value & Volume, 2018-2019 ($)
Figure 80: Belgium Furfural Market Value & Volume, 2021-2026 ($)
Figure 81: Belgium GDP and Population, 2018-2019 ($)
Figure 82: Belgium GDP – Composition of 2018, By Sector of Origin
Figure 83: Belgium Export and Import Value & Volume, 2018-2019 ($)
Figure 84: Spain Furfural Market Value & Volume, 2021-2026 ($)
Figure 85: Spain GDP and Population, 2018-2019 ($)
Figure 86: Spain GDP – Composition of 2018, By Sector of Origin
Figure 87: Spain Export and Import Value & Volume, 2018-2019 ($)
Figure 88: Denmark Furfural Market Value & Volume, 2021-2026 ($)
Figure 89: Denmark GDP and Population, 2018-2019 ($)
Figure 90: Denmark GDP – Composition of 2018, By Sector of Origin
Figure 91: Denmark Export and Import Value & Volume, 2018-2019 ($)
Figure 92: APAC Furfural Market Value & Volume, 2021-2026 ($)
Figure 93: China Furfural Market Value & Volume, 2021-2026
Figure 94: China GDP and Population, 2018-2019 ($)
Figure 95: China GDP – Composition of 2018, By Sector of Origin
Figure 96: China Export and Import Value & Volume, 2018-2019 ($)Furfural Market China Export and Import Value & Volume, 2018-2019 ($)
Figure 97: Australia Furfural Market Value & Volume, 2021-2026 ($)
Figure 98: Australia GDP and Population, 2018-2019 ($)
Figure 99: Australia GDP – Composition of 2018, By Sector of Origin
Figure 100: Australia Export and Import Value & Volume, 2018-2019 ($)
Figure 101: South Korea Furfural Market Value & Volume, 2021-2026 ($)
Figure 102: South Korea GDP and Population, 2018-2019 ($)
Figure 103: South Korea GDP – Composition of 2018, By Sector of Origin
Figure 104: South Korea Export and Import Value & Volume, 2018-2019 ($)
Figure 105: India Furfural Market Value & Volume, 2021-2026 ($)
Figure 106: India GDP and Population, 2018-2019 ($)
Figure 107: India GDP – Composition of 2018, By Sector of Origin
Figure 108: India Export and Import Value & Volume, 2018-2019 ($)
Figure 109: Taiwan Furfural Market Value & Volume, 2021-2026 ($)
Figure 110: Taiwan GDP and Population, 2018-2019 ($)
Figure 111: Taiwan GDP – Composition of 2018, By Sector of Origin
Figure 112: Taiwan Export and Import Value & Volume, 2018-2019 ($)
Figure 113: Malaysia Furfural Market Value & Volume, 2021-2026 ($)
Figure 114: Malaysia GDP and Population, 2018-2019 ($)
Figure 115: Malaysia GDP – Composition of 2018, By Sector of Origin
Figure 116: Malaysia Export and Import Value & Volume, 2018-2019 ($)
Figure 117: Hong Kong Furfural Market Value & Volume, 2021-2026 ($)
Figure 118: Hong Kong GDP and Population, 2018-2019 ($)
Figure 119: Hong Kong GDP – Composition of 2018, By Sector of Origin
Figure 120: Hong Kong Export and Import Value & Volume, 2018-2019 ($)
Figure 121: Middle East & Africa Furfural Market Middle East & Africa 3D Printing Market Value & Volume, 2021-2026 ($)
Figure 122: Russia Furfural Market Value & Volume, 2021-2026 ($)
Figure 123: Russia GDP and Population, 2018-2019 ($)
Figure 124: Russia GDP – Composition of 2018, By Sector of Origin
Figure 125: Russia Export and Import Value & Volume, 2018-2019 ($)
Figure 126: Israel Furfural Market Value & Volume, 2021-2026 ($)
Figure 127: Israel GDP and Population, 2018-2019 ($)
Figure 128: Israel GDP – Composition of 2018, By Sector of Origin
Figure 129: Israel Export and Import Value & Volume, 2018-2019 ($)
Figure 130: Entropy Share, By Strategies, 2018-2019* (%)Furfural Market
Figure 131: Developments, 2018-2019*Furfural Market
Figure 132: Company 1 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 133: Company 1 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 134: Company 1 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 135: Company 2 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 136: Company 2 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 137: Company 2 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 138: Company 3 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 139: Company 3 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 140: Company 3 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 141: Company 4 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 142: Company 4 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 143: Company 4 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 144: Company 5 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 145: Company 5 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 146: Company 5 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 147: Company 6 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 148: Company 6 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 149: Company 6 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 150: Company 7 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 151: Company 7 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 152: Company 7 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 153: Company 8 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 154: Company 8 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 155: Company 8 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 156: Company 9 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 157: Company 9 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 158: Company 9 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 159: Company 10 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 160: Company 10 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 161: Company 10 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 162: Company 11 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 163: Company 11 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 164: Company 11 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 165: Company 12 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 166: Company 12 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 167: Company 12 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 168: Company 13 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 169: Company 13 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 170: Company 13 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 171: Company 14 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 172: Company 14 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 173: Company 14 Furfural Market Net Sales Share, By Geography, 2018 (%)
Figure 174: Company 15 Furfural Market Net Revenue, By Years, 2018-2019* ($)
Figure 175: Company 15 Furfural Market Net Revenue Share, By Business segments, 2018 (%)
Figure 176: Company 15 Furfural Market Net Sales Share, By Geography, 2018 (%)