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 Highly Fragmented Furfural Market Compels Players to Innovate and Optimize Production, reports TMR 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 The global furfural market exhibits a highly fragmented structure, with none of the leading players having significant market share, finds Transparency Market Research in a new study. In 2014, it took six players, namely, Tieling North Furfural Co. Ltd., Central Romana Corp., Illova Sugar, Xingtai Chunlei Furfuryl Alcohol Co. Ltd., KRBL Ltd., and Hongye Holding Group Corp. Ltd., to hold around 50% of the overall market. This fragmentation has led to a strong rivalry between players. To withstand this competition, TMR recommends participants to improve their current production processes in order to enhance yield and reduce product cost. Get FREE Sample Of This Report : http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=1057 Amplified Popularity of Furfural as Renewable Platform Molecule for Fuel and Chemical Synthesis Boosts its Application The growing concerns over adverse environmental effect of fossil fuels, due to high carbon content, have led to an increased requirement for their ecofriendly renewable alternatives, such as biofuels, across the world. Furfural, over the past few years, has gained significant popularity as a renewable platform molecule for the synthesis of fuels and chemicals to produce biofuels and biochemicals from the low-cost and widely available biomass. This amplified popularity has rocketed its demand in the recent times. Apart from this, the application of furfural in the pharmaceutical industry, for the production of pharmaceutical intermediaries and mixtures, has also increased considerably, as it demonstrates the properties of a natural precursor to a wide range of furan-based chemicals and solvents, including methylfuran, dihydrofuran, methyltetrahydrofuran, tetrahydrofuran, and furoic acid. Transparency Market Research 2 Furfural Market Going forward, the ongoing expansion of the pharmaceutical industry in the emerging economies, such as India and China, owing to the presence of potential opportunities, is expected to boost the demand for furfural substantially in the years to come. Furfural Market to Suffer from Low Yield due to Inefficiency of Production Processes Although the future prospects exhibits a thriving market for furfural, the inefficiency of production processes is likely to impact the production of this organic compound over the next few years. Commercially, furfural is manufactured through Chinese batch process, Quaker batch process, and Rosenlew continuous process, which are highly inept and also suffer from low yield, resulting in higher operating as well as product costs. The application of furfural in chemicals and pharmaceuticals is expected to be negatively influenced to some extent by this price hike in the forthcoming years. Global Opportunity in Furfural Market to be Worth US$1.35 bn by 2023 The overall opportunity in furfural, worldwide, will increase from US$450 mn in 2014 to US$1.35 bn by 2023, says an analyst at TMR. The market is expected to rise at a healthy CAGR of 13.10% during the period from 2015 to 2023. Browse The Full Research Report : http://www.transparencymarketresearch.com/furfural-market.html Asia Pacific has emerged as the key consumer of furfural. The share of this region in the overall demand for furfural is likely to witness a rise from 78% in 2014 to 82.5% by the end of 2023. China leads the market for furfural in Asia Pacific. Currently, furfural is primarily utilized in the production of furfuryl alcohol. Analysts expect this trend to remain the same over the forecast period. The study presented here is based on a report by Transparency Market Research (TMR) titled “Furfural Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023.” Transparency Market Research 3 Furfural Market Key Takeaways • Top six players represented about 50% of the revenue pie in 2014 • Application of furfural will increase significantly in pharmaceutical industry • The share of Asia Pacific in the global furfural market will reach 5% by 2023 The furfural market has been segmented into: By Application • Furfuryl Alcohol • Solvents • Pharmaceuticals • Chemical Intermediates • Others (flavors & fragrance, herbicides, pesticides, etc.) By Region • North America • Europe • Asia Pacific • Latin America • Middle East & Africa (MEA) Browse Press Release : http://www.transparencymarketresearch.com/pressrelease/furfural-market.htm TABLE OF CONTENT Chapter 1 Preface 1.1 Report Description 1.2 Report Scope 1.3 Assumptions Transparency Market Research 4 Furfural Market 1.4 Market Segmentation 1.5 Research methodology Chapter 2 Executive Summary 2.1 Global Furfural Market, 2014–2023 (Kilo Tons) (US$ 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 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 Transparency Market Research 5 Furfural Market 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 6.2.1 North America Furfural Market, By Application, 2014–2023 (Tons) Transparency Market Research 6 Furfural Market 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) Transparency Market Research 7 Furfural Market 6.4 Asia Pacific Furfural Market, by Regional Sub-segment, 2014–2023 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) Transparency Market Research 8 Furfural Market 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) 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. Transparency Market Research 9 Furfural Market 7.12 Tieling North Furfural (Group) Co., Ltd. 7.13 Xingtai Chunlei Furfuryl Alcohol Co., Ltd. Chapter 8 Primary Research- Key Findings Browse All Chemical Market Research Reports: http://www.transparencymarketresearch.com/chemical-market-reports-2.html About Us 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/ Linkedin : https://www.linkedin.com/today/author/430748012 Browse The Market Research Blog : http://globalresearchanalysis.blogspot.in/ Transparency Market Research 10
The global furfural market exhibits a highly fragmented structure, with none of the leading players having significant market share, finds Transparency Market Research in a new study. In 2014, it took six players, namely, Tieling North Furfural Co. Ltd., Central Romana Corp., Illova Sugar, Xingtai Chunlei Furfuryl Alcohol Co. Ltd., KRBL Ltd., and Hongye Holding Group Corp. Ltd., to hold around 50% of the overall market. This fragmentation has led to a strong rivalry between players. To withstand this competition, TMR recommends participants to improve their current production processes in order to enhance yield and reduce product cost.
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