Transparency Market Research Furfural Derivatives Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024 Published Date 1-Sep-2016 112 Page Report Buy Now Request Sample Press Release Growing Demand for Bio-based Products Spurring Adoption of Furfural Derivatives across End-use Applications, finds TMR Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Furfural Derivatives Market REPORT DESCRIPTION Furfural Derivatives Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024 The top five companies in the global furfural derivatives market together accounted for 57% of the overall market in 2015. These players are Penn A Kem LLC, Nova Molecular Technologies, Inc., Sinochem Qingdao Co. Ltd., Hongye Chemical Co. Ltd., and Corbion NV. The growing presence of small and large companies has intensified the competition in the global furfural derivatives market, states Transparency Market Research, and the degree of rivalry is likely to remain high throughout the forecast period. Browse Report with Full TOC at : http://www.transparencymarketresearch.com/furfural-derivativesmarket.html Pricing plays a key role in this competitive environment since the cost of furfural derivatives is relatively high. This also means that the threat of substitutes is rather high. “Synthetic process materials such as ethanol are lower priced and can be used in place of furfural derivatives,” the author of the study states. This threat has compelled players in the market to engage in partnerships and joint ventures so as to increase their production capacity and lower the prices of furfural derivatives. One such company that has focused on joint ventures and acquisitions to increase production capacity is Hongye Chemical. Headquartered in China, Hongye Chemical reportedly possesses the largest production base for furfuryl alcohol and furfural in the world and, in 2015, reported a production capacity of 150,000 MT of furfuryl alcohol. The global demand for furfural derivatives is poised to rise from 947.5 kilo tons in 2016 to 1,172.1 kilo tons by 2024, registering a 2.69% CAGR in terms of volume. On the other hand, the global revenue generated by the market during the course of the forecast period is projected to increase at a 3.76% CAGR. Asia Pacific to Lead Global Furfural Market by Value and Volume Asia Pacific is the leading producer as well as consumer of furfural derivatives. Registering a 2.93% CAGR in terms of volume and a 3.98% CAGR in terms of value, the region is projected to retain its lead throughout the forecast period. Based on product type, the furfural derivatives market is led by the others segment, which comprises tetrahydrofuran (THF), methyl tetrahydrofuran (MeTHF) and poly tetrahydrofuran (Poly THF). The segment is projected to value US$1.1 bn by 2024 while the combined demand for the aforementioned derivatives is poised to reach 592.3 kilo tons by 2021. Registering a 2.85% CAGR from 2016 to 2024, the 2,5- furandicarboxylic acid segment will emerge as a swiftly expanding market. Rising Environmental Awareness among Consumers a Growth Driver Rising concerns among consumers pertaining to the adverse effects of fossil-based resources on the environment have resulted in the widespread replacement of non-renewable sources with renewable and Transparency Market Research 2 Furfural Derivatives Market bio-based alternatives. Strict environmental regulations have also encouraged the use of bio-based products in a number of end-use industries. This has greatly driven the demand for furfural derivatives, which are mainly used for the production of biofuels and biochemicals. The rising demand in Asia Pacific, the leading market for furfural derivatives, is also anticipated to significantly boost the global market. On the flip side, safety issues regarding the transportation of furfural and its derivatives is a major area of concern for this market. Different countries have different restrictions and legislations pertaining to transportation and export and this could pose a threat to the growth of the market in the coming years. This review is based on the findings of a TMR report titled “Furfural Derivatives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.” Furfural Derivatives Market, by Product • Furoic acid • Tetrahydrofurfuryl alcohol (THFA) • 2,5- Furandicarboxylic acid (FDCA) • Others [tetrahydrofuran (THF), methyl tetrahydrofuran (MeTHF) and poly tetrahydrofuran (poly THF)] Get free research PDF for more Professional and Technical insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14036 TABLE OF CONTENT Section 1 Preface 1.1 Report Scope and Market Segmentation 1.2 Research Highlights 1.3 Assumptions and Acronyms Used 1.4 Research Methodology Section 2 Executive Summary Transparency Market Research 3 Furfural Derivatives Market 2.1 Global Furfural Derivatives Market Size, By Market Value (US$ Mn) and Market Value Share, By Region (2015) 2.2 Global Furfural Derivatives Market Snapshot Section 3 Global Furfural Derivatives Industry Analysis 3.4 Product Overview 3.2 Market Indicators 3.3 Value Chain Analysis 3.4 Market Drivers 3.5 Market Restraints 3.7 Market Opportunities 3.6 Opportunity Analysis 3.8 Porter’s Five Forces Analysis 3.9 Market Attractiveness Analysis, 2015 3.9.1 By Region 3.9.2 By Product 3.10 Company Market Share Analysis, 2015 Section 4 Global Furfural Derivatives Price Trend (US$/Ton), 2015 – 2024 Section 5 Global Furfural Derivatives Market, by Product, (Kilo Tons) (US$ Mn), 2015 – 2024 5.1 Global Scenario Overview Transparency Market Research 4 Furfural Derivatives Market 5.1 Introduction 5.1 Global Furfural Derivatives Market Value Share Analysis, By Product Type 5.1 Furfural Derivatives Market Analysis, By Product Type Section 6 North America Furfural Derivatives Market, (Kilo Tons) (US$ Mn), 2015 - 2024 6.1 Key Trends Analysis 6.2 North America Furfural Derivatives Market Overview 6.3 North America Furfural Derivatives Market Value Share Analysis, By Product Type 6.4 Furfural Derivatives Market Analysis, By Product Type Section 7 Europe Furfural Derivatives Market, (Kilo Tons) (US$ Mn), 2015 – 2024 7.1 Key Trends Analysis 7.2 Europe Furfural Derivatives Market Overview 7.3 Europe Furfural Derivatives Market Value Share Analysis, By Product Type 7.4 Furfural Derivatives Market Analysis, By Product Type Section 8 Asia Pacific Furfural Derivatives Market, (Kilo Tons) (US$ Mn), 2015 – 2024 8.1 Key Trends Analysis 8.2 Asia Pacific Furfural Derivatives Market Overview 8.3 Asia Pacific Furfural Derivatives Market Value Share Analysis, By Product Type 8.4 Furfural Derivatives Market Analysis, By Product Type Transparency Market Research 5 Furfural Derivatives Market Section 9 Middle East & Africa (MEA) Furfural Derivatives Market, (Kilo Tons) (US$ Mn), 2015 – 2024 9.1 Key Trends Analysis 9.2 Middle East & Africa (MEA) Furfural Derivatives Market Overview 9.3 Middle East & Africa (MEA) Furfural Derivatives Market Value Share Analysis, By Product Type 9.4 Furfural Derivatives Market Analysis By Product Type Section 10 Latin America Furfural Derivatives Market, (Kilo Tons) (US$ Mn), 2015 – 2024 10.1 Key Trends Analysis 10.2 Latin America Furfural Derivatives Market Overview 10.3 Latin America Furfural Derivatives Market Value Share Analysis, By Product Type 10.4 Furfural Derivatives Market Analysis By Product Type Section 11 Company Profiles 11.1 Competition Matrix 11.2 Ashland, Inc. 11.2.1 Company Details (HQ, Foundation Year, Employee Strength) 11.2.2 Sales/Revenue, By Segment and Geography 11.2.3 Recent Developments 11.2.4 Business Strategies 11.3 Avantium 11.3.1 Company Details (HQ, Foundation Year, Employee Strength) 11.3.2 Sales/Revenue, By Segment and Geography Transparency Market Research 6 Furfural Derivatives Market 11.3.3 Recent Developments 11.3.4 Business Strategies 11.4 BASF SE 11.4.1 Company Details (HQ, Foundation Year, Employee Strength) 11.4.2 Sales/Revenue, By Segment and Geography 11.4.3 Recent Developments 11.4.4 Business Strategies 11.5 DynaChem Inc. 11.5.1 Company Details (HQ, Foundation Year, Employee Strength) 11.5.2 Sales/Revenue, By Segment and Geography 11.5.3 Recent Developments 11.5.4 Business Strategies 11.6 Hongye Chemical Co. Ltd 11.6.1 Company Details (HQ, Foundation Year, Employee Strength) 11.6.2 Sales/Revenue, By Segment and Geography 11.6.3 Recent Developments 11.6.4 Business Strategies 11.7 Corbion NV 11.7.1 Company Details (HQ, Foundation Year, Employee Strength) 11.7.2 Sales/Revenue, By Segment and Geography 11.7.3 Recent Developments 11.7.4 Business Strategies Transparency Market Research 7 Furfural Derivatives Market 11.8 Sinochem Qingdao Co. Ltd. 11.8.1 Company Details (HQ, Foundation Year, Employee Strength) 11.8.2 Sales/Revenue, By Segment and Geography 11.8.3 Recent Developments 11.8.4 Business Strategies 11.9 Penn A Kem LLC Company 11.9.1 Company Details (HQ, Foundation Year, Employee Strength) 11.9.2 Sales/Revenue, By Segment and Geography 11.9.3 Recent Developments 11.9.4 Business Strategies 11.10 Nova Molecular Technologies 11.10.1 Company Details (HQ, Foundation Year, Employee Strength) 11.10.2 Sales/Revenue, By Segment and Geography 11.10.3 Recent Developments 11.10.4 Business Strategies 11.11 Mitsubishi Chemical 11.11.1 Company Details (HQ, Foundation Year, Employee Strength) 11.11.2 Sales/Revenue, By Segment and Geography 11.11.3 Recent Developments 11.11.4 Business Strategies Browse Report with Full TOC at : http://www.transparencymarketresearch.com/furfural-derivativesmarket.html Transparency Market Research 8 Furfural Derivatives Market 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/ Transparency Market Research 9
The top five companies in the global furfural derivatives market together accounted for 57% of the overall market in 2015. These players are Penn A Kem LLC, Nova Molecular Technologies, Inc., Sinochem Qingdao Co. Ltd., Hongye Chemical Co. Ltd., and Corbion NV. The growing presence of small and large companies has intensified the competition in the global furfural derivatives market, states Transparency Market Research, and the degree of rivalry is likely to remain high throughout the forecast period. Get free research PDF for more Professional and Technical insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14036
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