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 Develop at 13.1% CAGR from 2015 to 2023 : TMR Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] High-performance Ceramic Coatings Market REPORT DESCRIPTION Furfural Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023 Transparency Market Research has published a market study on the global furfural market for the 2015-2023 period. The report, titled “Furfural Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023,” states that the global furfural market will rise at an impressive 13.1% CAGR from 2015 to 2023. This will result in the market’s valuation increasing from US$450.0 mn in 2014 to US$1.3 bn by 2023. Browse the full Furfural Market for Furfuryl Alcohol, Solvents, Pharmaceuticals, Chemical Intermediates, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023 report at : http://www.transparencymarketresearch.com/furfural-market.html Furfural is a reddish-brown organic compound that can be derived from a number of agricultural byproducts such as oat, corncobs, wheat bran, and sawdust. With a flash point of 140 °F, furfural is denser than water and is miscible in water. It is toxic if ingested or if it comes in contact with the human system through skin absorption or inhalation. Rising awareness about the utilization of renewable materials in place of petrochemicals across various industry verticals is driving the furfural market. Environmental deterioration due to the use of petrochemical resources has compelled manufacturers to switch to renewable alternatives such as biomass-based platform chemicals. This has bolstered the usability of furfural for the production of biofuels and biochemicals. Furfural offers excellent physical and chemical properties of thermosetting, corrosion resistance, and physical strength. Furfural is a naturally sourced precursor for a wide range of furfural-based solvents and chemicals such as methylyfuran, tetrahydrofurfuryl alcohol, methyltetrahydrofuran, furoic acid, furfuryl alcohol, tetrahydrofuran, and dihydropyran. With increasing applications of furfural, the furfural market has expanded handsomely in the last few years. Transparency Market Research 2 High-performance Ceramic Coatings Market However, factors such as inefficient production process leading to low product yield are a restraint on the market’s growth. This in turn leads to high operating costs, resulting in high cost of the final product. Due to these reasons, furfural has limited commercial applications. On the contrary, new techniques resulting in high yield and low cost will lead to higher utilization of the product in industries. Get FREE Sample Of This Report : http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=1057 By application, furfuryl alcohol was the dominant segment and held a share of more than 80% in the global market in 2014. The application is expected to display the fastest growth in this market during the forecast period. It is used in resins as a binder in the foundry industry. Furfuryl alcohol offers excellent mechanical strength and binding properties as needed in the cores and sand molds of foundries. Solvents are also a key application of furfural. Furfural is used as an intermediate substance during the production of refractory materials, in butadiene extraction due to its physical properties, and resin-bonded grinding wheels. In pharmaceutical applications, furfural is used in the manufacture of active pharmaceutical ingredients and alternate pharmaceutical intermediaries. The top companies that operate in the global furfural market are Arcoy Biorefinery Pvt. Ltd., KRBL Ltd., Linzi Organic Chemical Inc. Ltd., Penn A Kem LLC, Tanin Senvica d.d.,., Central Romana Corporation Ltd., Illovo Sugar Ltd., Lenzing AG, Nutrafr S.A., Silvateam S.p.a., and Tieling North Furfural (Group) Co. Ltd. The global furfural market has been segmented into: Furfural Market - Application Analysis • Furfuryl Alcohol • Solvents • Pharmaceuticals Transparency Market Research 3 High-performance Ceramic Coatings Market • 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 • 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 Transparency Market Research 4 High-performance Ceramic Coatings Market Browse Press Release : http://www.transparencymarketresearch.com/pressrelease/global-furfuralmarket.htm TABLE OF CONTENT Chapter 1 Preface 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 Transparency Market Research 5 High-performance Ceramic Coatings 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 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) Transparency Market Research 6 High-performance Ceramic Coatings Market 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) 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) Transparency Market Research 7 High-performance Ceramic Coatings Market 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 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) Transparency Market Research 8 High-performance Ceramic Coatings Market 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) 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. Transparency Market Research 9 High-performance Ceramic Coatings Market 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. 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, Transparency Market Research 10 High-performance Ceramic Coatings Market 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 11
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
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