Furfural Market on Track to Reach US$ 762.8 Million, Riding a 6.4% CAGR Wave by 2027
mahesh chavan
Furfural Market Overview
The Furfural Market research report offers a thorough examination of market strategy, micro and macro market trends and scenarios, pricing analysis, short-term market conditions, and a comprehensive overview of the key players. The report also discusses future trends that are expected to drive the Furfural market's growth, as well as the expected market size and CAGR.
Furfural Market Report Scope and Research Methodology
The report offers a comprehensive analysis of the Furfural market at the global, regional, and country levels. It provides a comprehensive analysis of the Furfural industry's competitive landscape, including the business strategies used by competitors. The report includes a list of Furfural key competitors, along with revenue, production capacity, sales, and global presence information. SWOT analysis was used to identify the key players in the Furfural industry's strengths and weaknesses. The report also goes into detail about the Furfural market dynamics, such as drivers, restraints, opportunities, and challenges.
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The global and regional Furfural market sizes were estimated using the bottom-up approach. The report includes a detailed value chain analysis that assists in understanding the manufacturing process of Furfural , as well as data on raw materials, customers, and distributors. It also includes Porter's five forces analysis, PESTLE analysis, and market attractiveness, all of which aid in comprehending the Furfural market at both the macro and micro levels.
Furfural Market Regional Insights
Based on the raw material, The Sugarcane Bagasse segment accounted for the largest share in the furfural market in 2017 followed by Corn cob. Sugarcane is a tree-free renewable resource. Sugarcane bagasse is the major by-product of the sugar cane industry. It contains about 50% cellulose, 25% hemicellulose and 25% lignin. Due to its abundant availability, it can serve as an ideal substrate for microbial processes for the production of value-added products such as furfural. Furfural based on corn cob and sugarcane bagasse raw materials together accounted for half of the market share in 2015, in terms of revenue.
Based on end-user, the global furfural market is sub-segmented into Agriculture, Refineries, and Pharmaceuticals. The Refineries segment held largest share of xx% in 2020. Its significant consumption as a solvent in petroleum refining, specialty adhesives, and lubricants accounts for this high percentage. In the agrochemical sector, furfural is widely used as an insecticide, nematicide, and fungicide. It's found in a variety of nematicides, such as crop protectors and crop guards. In horticulture, the substance is also used as a weed killer. It's a low-concentration contact nematicide that's mechanically integrated or transported into the soil during irrigation. It's a somewhat safe pesticide that's simple to use.
by Raw material
• Corn Cob
• Rice Husk
• Sugarcane Bagasse
• Others
by End-user
• Agriculture
• Refineries
• Pharmaceuticals
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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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