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Furfural is an aldehyde that is furan with the hydrogen at position 2 substituted by a formyl group. It has a role as a Maillard reaction product and a metabolite. It is a member of furans and an aldehyde.
Furfural is an organic compound that is obtained from various agricultural byproducts such as corncobs, oat, wheat bran, and sawdust. Outside of China, demand for furfural is relatively small, with little change expected. In the United States, there has been some downturn in furfuryl alcohol use in castings because of the downturn in the oil and gas business. In Western Europe, demand for furfuryl alcohol is expected to increase only slightly in the near future.
Market Analysis and Insights: Global Furfural Market
The global Furfural market size is projected to reach US$ 1089.3 million by 2026, from US$ 812.9 million in 2020, at a CAGR of 5.0% during 2021-2026.
Global Furfural Scope and Segment
The global Furfural market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Furfural market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
Segment by Type, the Furfural market is segmented into
Purity 99%
Purity 98.5%
Others
Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest
Segment by Application, the Furfural market is segmented into
Furfural Alcohol
Solvent
Others
The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share
Furfural market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Furfural business, the date to enter into the Furfural market, Furfural product introduction, recent developments, etc.
The major vendors covered:
Hongye Chemical
Lenzing
Penn A Kem
Central Romana
Illovo Sugar
Zhongkang
Hebei Xingtai Chunlei
Silvateam
Shijiazhuang Guangxin Weiye
Zhucheng Taisheng Chemical
Zibo Huaao Chemical
Henan Huilong Chemical
Pingquan Fengsheng Chemical
Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise Furfural markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Furfural market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.
Furfural is an organic compound that is obtained from various agricultural byproducts such as corncobs, oat, wheat bran, and sawdust. Outside of China, demand for furfural is relatively small, with little change expected. In the United States, there has been some downturn in furfuryl alcohol use in castings because of the downturn in the oil and gas business. In Western Europe, demand for furfuryl alcohol is expected to increase only slightly in the near future.
Market Analysis and Insights: Global Furfural Market
The global Furfural market size is projected to reach US$ 1089.3 million by 2026, from US$ 812.9 million in 2020, at a CAGR of 5.0% during 2021-2026.
Global Furfural Scope and Segment
The global Furfural market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Furfural market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
Segment by Type, the Furfural market is segmented into
Purity 99%
Purity 98.5%
Others
Purity 98.5% occupies the largest market share with segmentation of 71% and Purity 99% types grow the fastest
Segment by Application, the Furfural market is segmented into
Furfural Alcohol
Solvent
Others
The largest segment of the Alcohol market was Furfural Alcohol, with 73% of the Solvent market share
Furfural market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Furfural business, the date to enter into the Furfural market, Furfural product introduction, recent developments, etc.
The major vendors covered:
Hongye Chemical
Lenzing
Penn A Kem
Central Romana
Illovo Sugar
Zhongkang
Hebei Xingtai Chunlei
Silvateam
Shijiazhuang Guangxin Weiye
Zhucheng Taisheng Chemical
Zibo Huaao Chemical
Henan Huilong Chemical
Pingquan Fengsheng Chemical
Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise Furfural markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Furfural market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
