Transparency Market Research Furfural Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023 Published Date 09-Dec-2015 139 Page Report Buy Now Request Sample Press Release Global Furfural Market to Reach US$1,355.1 mn by 2023:Transparency Market Research Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Furfural Market REPORT DESCRIPTION Furfural Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 2023 According to the report, the global furfural market was valued at US$ 450.0 Mn in 2014 and is likely to reach US$ 1,355.1 Mn by 2023, expanding at a CAGR of 13.1% between 2015 and 2023. In-depth research report on Furfural Market with Full TOC at : http://www.transparencymarketresearch.com/furfural-market.html Growing awareness regarding usage of renewable materials instead of petrochemicals among industry players is driving the global furfural market. Environmental awareness regarding replacement of nonrenewable resources such as petrochemicals with renewable alternatives has compelled manufacturers to increase production of biomass-based platform chemicals. This has boosted the potential of furfural as a platform for the production of biofuels and biochemicals. Furfural offers attractive thermosetting properties, physical strength, and corrosion resistance. It is a source of natural precursor to a wide range of furan-based chemicals and solvents such as methylfuran, furfuryl alcohol, tetrahydrofurfuryl alcohol, tetrahydrofuran, methyltetrahydrofuran, dihydropyran, and furoic acid. Growing penetration of furfural in various new applications is boosting the global furfural market. However, inefficient production process of furfural with low yield acts as a major restraint of the market. Lower yield leads to high operating costs, thus increasing the final product cost. Owing to high product cost the commercial application of furfural is limited. Low cost of furfural is likely to result in higher penetration in these industries. Furfuryl alcohol was the major application segment of the furfural market, accounting for more than 80% share in 2014. Furfuryl alcohol is anticipated to be the fastest-growing application segment of the furfural market during the forecast period. Furfuryl alcohol is primarily utilized in resins used as binders in the foundry industry. It offers excellent binding properties and mechanical strength as required in sand molds and cores in foundries. Solvents is another major application of furfural. Furfural is used as a solvent during the manufacture of refractory materials, resin-bonded grinding wheels, and butadiene extraction due to its excellent physical properties. Furfural is primarily used in the pharmaceutical industry to manufacture active pharmaceutical ingredients (APIs) and other pharmaceutical intermediaries. In terms of volume, Asia Pacific held the largest share of the furfural market in 2014. The trend is likely to continue during the forecast period. Asia Pacific accounted for more than two third share of the global furfural market in terms of volume. China is the largest producer and consumer of furfuryl alcohol due to strong industrial and manufacturing base. The significant growth in the foundry industry in India and Japan are anticipated to propel demand for furfural in the near future. The furfural market in Europe is expected to witness sluggish growth during the forecast period due to slow economic growth in the region. Growth of the furfural market in regions such as North America, Latin America, and Middle East & Africa is likely to remain moderate due to high furfural cost and limited commercial application Transparency Market Research 2 Furfural Market Key manufacturers of furfural include Arcoy Biorefinery Pvt. Ltd., Central Romana Corporation, Ltd., Hongye Holding Corporation Ltd., Illovo Sugar Ltd., KRBL Ltd., Lenzing AG, Linzi Organic Chemical Inc. Ltd., Nutrafur S.A., Penn A Kem LLC, Silvateam S.p.A., Tanin Senvica d.d., Tieling North Furfural (Group) Co., Ltd., and Xingtai Chunlei Furfuryl Alcohol Co. Ltd. The global furfural market has been segmented into: Furfural Market - Application Analysis Furfuryl Alcohol Solvents Pharmaceuticals Chemical Intermediates Others (flavors & fragrance, herbicides, pesticides, etc.) Furfural Market - Regional Analysis North America U.S. Rest of North America Europe U.K. Germany France Spain Transparency Market Research 3 Furfural Market Italy Rest of Europe Asia Pacific China Japan ASEAN Rest of Asia Pacific Latin America Brazil Rest of Latin America Middle East & Africa (MEA) GCC South Africa Rest of Middle East & Africa For further inquiries, click here : http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=1057 TABLE OF CONTENT Chapter 1 Preface Transparency Market Research 4 Furfural Market 1.1 Report Description 1.2 Report Scope 1.3 Assumptions 1.4 Market Segmentation 1.5 Research methodology Chapter 2 Executive Summary 2.1 Global Furfural Market, 2014–2023 (Kilo Tons) (US$ Mn) 2.2 Global Furfural Market: Snapshot Chapter 3 Industry Analysis 3.1 Introduction 3.2 Industrial Development of Furfural 3.3 Value Chain Analysis 3.4 Market Drivers 3.3.1 Driver 1 - Environmental Awareness to Replace Fossil Resources with Renewable Alternatives to Boost Furfural Market 3.3.2 Driver 2 - Rising Applications in Various End User Industries to Drive Demand for Furfural 3.3.3 Driver 3 - Increasing Demand for Furfural in Pharmaceuticals Industry to Propel Market Growth 3.4 Restraints 3.4.1 Restraints 1 - Inefficient Production Process Leading to Low Yield and High Product Cost Transparency Market Research 5 Furfural Market 3.5.1 Opportunity 1 - Improvement in Current Production Processes to Improve Yield and Reduce Product Cost Would Facilitate Higher Penetration in Application Industries 3.6 Porter’s Five Forces Analysis 3.7 Global Furfural Market Attractiveness, by Application, 2014 3.8 Global Furfural Market Attractiveness, by Country, 2014 3.9 Global Furfural Market Share by Company, 2014 Chapter 4 Manufacturing Process and Price Trend Analysis 4.1 Manufacturing Processes 4.2 Furfural Price Trend Analysis Chapter 5 Furfural Market – Application Analysis 5.1 Furfural Market: Application Overview 5.1.1 Global Furfural Market for Furfuryl Alcohol, 2014–2023 (Tons) (US$ Thousand) 5.1.2 Global Furfural Market for Solvents, 2014–2023 (Tons) (US$ Thousand) 5.1.3 Global Furfural Market for Pharmaceuticals, 2014–2023 (Tons) (US$ Thousand) 5.1.4 Global Furfural Market for Chemical Intermediates, 2014–2023 (Tons) (US$ Thousand) 5.1.5 Global Furfural Market for Others, 2014–2023 (Tons) (US$ Thousand) Chapter 6 Global Furfural Market - Regional Analysis 6.1 Furfural Market: Regional Overview 6.2 North America Furfural Market, by Regional Sub-segment, 2014–2023 Transparency Market Research 6 Furfural Market 6.2.1 North America Furfural Market, By Application, 2014–2023 (Tons) 6.2.2 North America Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.2.3 US Furfural Market, By Application, 2014–2023 (Tons) 6.2.4 US Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.2.5 Rest of North America Furfural Market, By Application, 2014–2023 (Tons) 6.2.6 Rest of North America Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3 Europe Furfural Material Market, by Regional Sub-segment, 2014–2023 6.3.1 Europe Furfural Market, By Application, 2014–2023 (Tons) 6.3.2 Europe Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3.3 UK Furfural Market, By Application, 2014–2023 (Tons) 6.3.4 UK Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3.5 Germany Furfural Market, By Application, 2014–2023 (Tons) 6.3.6 Germany Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3.7 France Furfural Market, By Application, 2014–2023 (Tons) 6.3.8 France Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3.9 Spain Furfural Market, By Application, 2014–2023 (Tons) 6.3.10 Spain Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3.11 Italy Furfural Market, By Application, 2014–2023 (Tons) 6.3.12 Italy Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3.13 Rest of Europe Furfural Market, By Application, 2014–2023 (Tons) 6.3.14 Rest of Europe Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.4 Asia Pacific Furfural Market, by Regional Sub-segment, 2014–2023 Transparency Market Research 7 Furfural Market 6.4.1 Asia Pacific Furfural Market, By Application, 2014–2023 (Tons) 6.4.2 Asia Pacific Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.4.3 China Furfural Market, By Application, 2014–2023 (Tons) 6.4.4 China Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.4.5 Japan Furfural Market, By Application, 2014–2023 (Tons) 6.4.6 Japan Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.4.7 ASEAN Furfural Market, By Application, 2014–2023 (Tons) 6.4.8 ASEAN Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.4.9 Rest of Asia Pacific Furfural Market, By Application, 2014–2023 (Tons) 6.4.10 Rest of Asia Pacific Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.5 Latin America Furfural Market, by Regional Sub-segment, 2014–2023 6.5.1 Latin America Furfural Market, By Application, 2014–2023 (Tons) 6.5.2 Latin America Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.5.3 Brazil Furfural Market, By Application, 2014–2023 (Tons) 6.5.4 Brazil Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.5.5 Rest of Latin America Furfural Market, By Application, 2014–2023 (Tons) 6.5.6 Rest of Latin America Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.6 Middle East & Africa Furfural Market, by Regional Sub-segment, 2014–2023 6.6.1 Middle East & Africa Furfural Market, By Application, 2014–2023 (Tons) 6.6.2 Middle East & Africa Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.6.3 GCC Furfural Market, By Application, 2014–2023 (Tons) 6.6.4 GCC Furfural Market, By Application, 2014–2023 (US$ Thousand) Transparency Market Research 8 Furfural Market 6.6.5 South Africa Furfural Market, By Application, 2014–2023 (Tons) 6.6.6 South Africa Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.6.7 Rest of Middle East & Africa Furfural Market, By Application, 2014–2023 (Tons) 6.6.8 Rest of Middle East & Africa Furfural Market, By Application, 2014–2023 (US$ Thousand) Chapter 7 Company Profiles 7.1 Arcoy Biorefinery Pvt. Ltd. 7.2 Central Romana Corporation, Ltd. 7.3 Hongye Holding Group Corporation Ltd. 7.4 Illovo Sugar Ltd. 7.5 KRBL Ltd. 7.6 Lenzing AG 7.7 Linzi Organic Chemicals Inc. Ltd. 7.8 Nutrafur S.A. 7.9 Penn A Kem LLC 7.10 Silvateam S.p.A. 7.11 Tanin Sevnica d.d. 7.12 Tieling North Furfural (Group) Co., Ltd. 7.13 Xingtai Chunlei Furfuryl Alcohol Co., Ltd. In-depth research report on Furfural Market with Full TOC at : http://www.transparencymarketresearch.com/furfural-market.html About Us Transparency Market Research 9 Furfural Market Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Transparency Market Research 10
According to the report, the global furfural market was valued at US$ 450.0 Mn in 2014 and is likely to reach US$ 1,355.1 Mn by 2023, expanding at a CAGR of 13.1% between 2015 and 2023. In-depth research report on Furfural Market with Full TOC at : http://www.transparencymarketresearch.com/furfural-market.html Growing awareness regarding usage of renewable materials instead of petrochemicals among industry players is driving the global furfural market. Environmental awareness regarding replacement of non-renewable resources such as petrochemicals with renewable alternatives has compelled manufacturers to increase production of biomass-based platform chemicals
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