Furfural Market by Raw Material (Corn Cob, Rice Husk, Sugarcane Bagasse, and Others), Application (Furfuryl Alcohol and Solvent), and End User Industry (Petroleum Refineries, Agricultural Formulations, Paints & Coatings, Pharmaceuticals, and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022

Furfural Market by Raw Material (Corn Cob, Rice Husk, Sugarcane Bagasse, and Others), Application (Furfuryl Alcohol and Solvent), and End User Industr

Category : Materials & Chemicals
Published On : December  2016
Pages : 175

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The global furfural market generated revenue of $663.5 million in 2015, and is estimated to reach $1,434.1 million by 2022, registering a CAGR of 11.6% during the forecast period.

Furfural is an organic, renewable, non-petroleum-based chemical feedstock derived from agricultural by-products such as corn cobs, rice husk, sugarcane bagasse, cotton husk, oat husk, almond husk, olive press cake, and others. It is colorless or a little yellowish chemical compound that quickly darkens on exposure to air. Furfural is manufactured by using pentosan-containing residues, which are obtained from the processing of various agricultural or forest products. Furfural is processed in a digester under high-pressure steam and is recovered by steam distillation, followed by water–furfural separation and purification. It is suitable for the production of resins owing to its unique characteristics such as corrosion resistance, and thermosetting properties. Furfural is applicable as a solvent to refine lubricating oils and decolorizing agents, in purification of C4 and C5 hydrocarbons, as a reactive solvent and good wetting agent, and as a unique chemical feedstock for other furan derivatives. Moreover, it is used as flavors & fragrance agent; for producing herbicides & pesticides and in the manufacturing of synthetic materials and plastics. It is also used as an inert polymer concrete; perfumes, and as a solvent for cellulose esters; as additive fuel for rockets, and to accelerate the process of manufacturing rubber tires.

Owing to increase in demand for green chemical, environmental awareness to renewable alternatives and availability of agricultural residues in developing countries such as India, China, Indonesia, and Malaysia, there has been an increase in the consumption of furfural in these countries. Environmental regulations from agencies, such as Environmental Protection Agency (EPA) of U.S. and Registration Evaluation Authorization and Restriction of Chemicals (REACH) of Europe, concerning the development of bio-based products are also expected to have a positive impact on the market growth during the forecast period; whereas, lack of technological advancement and fluctuations in the prices of raw material could hamper the growth of furfural market.

The global furfural market is segmented based on raw material, application, end user, and geography. Based on raw material it includes corn cobs, rice husk, sugarcane bagasse, and others (almond husk, cotton husk, and oat husk.) Based on application, it is bifurcated into furfuryl alcohol and solvents. Furfural alcohol is dominant product segment due to its low viscosity & high reactivity; and excellent chemical, mechanical, and thermal properties, and is used in the production of various chemical products such as foundry resins, adhesives, and wetting agents. Based on end user, it is segmented as petroleum refineries, agricultural formulations, paints & coatings, pharmaceuticals, and others, which includes textile, foundry metal casting, and flavors & fragrance.

Geographically, the market was analyzed across North America, Europe, Asia-Pacific, and LAMEA. China emerged as the key contributor to the consumption of furfural in Asia-Pacific and is expected to maintain its dominance during the forecast period. Raw materials, such as corn cobs, rice husk, bagasse, cotton husk, almond husk, and other agro-based products & wastes, are widely available in developing countries such as India, China, Indonesia, and Malaysia with a low production cost, which is expected to boost the market growth in Asia-Pacific.

The key players operating in the global furfural market include:

  • Arcoy Industries Pvt. Ltd.
  • Central Romana Corporation, Ltd.
  • Hongye Holding Group Corporation
  • Illovo Group
  • KRBL Ltd.
  • Lenzing AG
  • Penn A Kem LLC
  • Silvateam
  • Tanin Sevnica d.d
  • Tieling North Furfural (Group) Co. Ltd

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive analysis of the current trends, drivers, and dynamics of the global furfural market to identify the prevailing market opportunities and the probable investment pockets.
  • It offers qualitative as well as quantitative trend analysis from 2014 to 2022 to assist the stakeholders understand the market scenario.
  • In-depth analysis of the key segments demonstrates the consumption of furfural in different applications across various industries.
  • Competitive intelligence highlights the business practices, strategies, and developments followed by key business players across the geographies.

KEY MARKET SEGMENTS

By Raw Material

  • Corn Cob
  • Rice Husk
  • Sugarcane Bagasse
  • Others

By Application

  • Furfuryl Alcohol
  • Solvent

By End User

  • Petroleum Refineries
  • Agricultural Formulations
  • Paints & Coatings
  • Pharmaceuticals
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Turkey
    • Africa
    • Rest of LAMEA

OTHER KEY PLAYERS IN THE MARKET VALUE CHAIN INCLUDE

  • Welldon Trading Co. Limited
  • Zibo Xinye Chemical Co., Ltd
  • Shandong Ruide Chemical Co. Ltd.,
  • Jinlilin Fufural Manufacture Co., Ltd
  • Zibo Junhao Logistics Co.Ltd.
  • Furnova Polymers Ltd
  • Shandong Yino Biotechnology Co., Ltd
  • Shenyang Hawk International Trading Co.
  • Hebei Furan International Co., Ltd.
  • Zhucheng Taisheng Chemical Co., Ltd
  • Novel organic industries
  • Others

*The above list of companies are not profiled in the report, can be profiled based on client interest.

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION

1.1.1. Key benefits for stakeholders
1.1.2. Key market segments

1.2. RESEARCH METHODOLOGY

1.2.1. Secondary research
1.2.2. Primary research
1.2.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. PORTER'S FIVE FORCES ANALYSIS

3.2.1. Bargaining power of suppliers
3.2.2. Bargaining power of buyers
3.2.3. Threat of new entrants
3.2.4. Threat of substitutes
3.2.5. Competitive rivalry

3.3. MARKET DYNAMICS

3.3.1. Drivers

3.3.1.1. Increase in awareness regarding the benefits of furfural
3.3.1.2. Easy availability of raw material
3.3.2.2. Fluctuating prices of raw material
3.3.3.3. Increase in demand in emerging economies
3.3.3.4. Technological advancement

3.4. PATENT ANALYSIS

3.4.1. Patent analysis by year
3.4.2. Patent analysis by region
3.4.3. Patent analysis by company
3.4.4. Regulatory scenario

CHAPTER 4 FURFURAL MARKET, BY RAW MATERIAL

4.1. INTRODUCTION

4.1.1. Market size and forecast

4.2. CORN COBS

4.2.1. World corn production, 2015-2016* (%)
4.2.2. Market size and forecast

4.3. RICE HUSK

4.3.1. Market size and forecast

4.4. SUGARCANE BAGASSE

4.4.1. Market size and forecast

4.5. OTHERS

4.5.1. Market size and forecast

CHAPTER 5 FURFURAL MARKET, BY APPLICATION

5.1. INTRODUCTION

5.1.1. Market size and forecast

5.2. FURFURYL ALCOHOL

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.3. SOLVENT

5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast

CHAPTER 6 FURFURAL MARKET, BY END USER

6.1. INTRODUCTION

6.1.1. Market size and forecast

6.2. PETROLEUM REFINERIES

6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast

6.3. AGRICULTURAL FORMULATIONS

6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast

6.4. PAINTS AND COATINGS

6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast

6.5. PHARMACEUTICALS

6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast

6.6. OTHERS

6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast

CHAPTER 7 FURFURAL MARKET, BY GEOGRAPHY

7.1. INTRODUCTION

7.1.1. Market size and forecast

7.2. NORTH AMERICA

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast
7.2.3. U.S.
7.2.4. Canada
7.2.5. Mexico

7.3. EUROPE

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast
7.3.3. Germany
7.3.4. France
7.3.5. UK
7.3.6. Italy
7.3.7. Rest of Europe

7.4. ASIA-PACIFIC

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast
7.4.3. China
7.4.4. India
7.4.5. Japan
7.4.6. Rest of Asia-Pacific

7.5. LAMEA

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast
7.5.3. Brazil
7.5.4. Turkey
7.5.5. Africa
7.5.6. Rest of LAMEA

CHAPTER 8 COMPANY PROFILES

8.1. ARCOY INDUSTRIES PVT LTD.

8.1.1. Overview

8.2. CENTRAL ROMANA CORPORATION LTD.

8.2.1. Overview

8.3. HONGYE HOLDINGS GROUP CO., LTD.

8.3.1. Overview

8.4. ILLOVO SUGAR LTD.

8.4.1. Overview
8.4.2. Operating business segments
8.4.3. Business performance

8.5. KRBL LTD.

8.5.1. Overview
8.5.2. Operating Business Segments
8.5.3. Business Performance

8.6. LENZING AG

8.6.1. Overview
8.6.2. Operating business segments
8.6.3. Business Performance

8.7. PENN A KEM LLC

8.7.1. Overview

8.8. SILVATEAM

8.8.1. Overview
8.8.2. Operating business segments

8.9. TANIN SEVNICA D.D.

8.9.1. Overview
8.9.2. Operating business segments

8.10. TIELING NORTH FURFURAL (GROUP) CO.

8.10.1. Overview

OTHER KEY PLAYERS IN THE MARKET VALUE CHAIN INCLUDE

  • Welldon Trading Co. Limited
  • Zibo Xinye Chemical Co., Ltd
  • Shandong Ruide Chemical Co. Ltd.,
  • Jinlilin Fufural Manufacture Co., Ltd
  • Zibo Junhao Logistics Co.Ltd.
  • Furnova Polymers Ltd
  • Shandong Yino Biotechnology Co., Ltd
  • Shenyang Hawk International Trading Co.
  • Hebei Furan International Co., Ltd.
  • Zhucheng Taisheng Chemical Co., Ltd
  • Novel organic industries

*The above list of companies are not profiled in the report, can be profiled based on client interest.

LIST OF TABLES

TABLE 1. FURFURAL MARKET: REGULATORY ANALYSIS
TABLE 2. PENTOSANS CONTENT AND FURFURAL YIELD IN DIFFERENT RAW MATERIALS, (%)
TABLE 3. FURFURAL MARKET REVENUE, BY RAW MATERIAL, 2014-2022 ($MILLION)
TABLE 4. GLOBAL FURFURAL MARKET SIZE, BY RAW MATERIAL, 2014-2022 (KILOTONS)
TABLE 5. CORN COB BASED FURFURAL MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 6. CORN COB BASED FURFURAL MARKET SIZE, BY REGION, 2014-2022 (KILOTONS)
TABLE 7. TOP TEN RICE PRODUCING COUNTRIES, 2015-2016 (METRIC TONS)
TABLE 8. RICE HUSK FURFURAL MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 9. RICE HUSK BASED FURFURAL MARKET SIZE, BY REGION, 2014-2022 (KILOTONS)
TABLE 10. TOP 10 SUGAR PRODUCING COUNTRIES, 2015-2016 (METRIC TONS)
TABLE 11. SUGARCANE BAGASSE BASED FURFURAL MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 12. SUGARCANE BAGASSE BASED FURFURAL MARKET SIZE, BY REGION, 2014-2022 (KILOTONS)
TABLE 13. TOP FIVE ALMOND PRODUCING COUNTRIES, 2015-2016*, (METRIC TONS)
TABLE 14. TOP FIVE COTTON PRODUCING COUNTRIES, 2015-2016*, (METRIC TONS)
TABLE 15. OTHER RAW MATERIAL BASED FURFURAL MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 16. OTHER RAW MATERIAL BASED FURFURAL MARKET SIZE, BY REGION, 2014-2022 (KILOTONS)
TABLE 17. FURFURAL MARKET REVENUE, BY APPLICATION, 2014-2022($MILLION)
TABLE 18. FURFURAL MARKET SIZE, BY APPLICATION, 2014-2022(KILOTONS)
TABLE 19. FURFURAL ALCOHOL MARKET REVENUE, BY REGION, 2014-2022($MILLION)
TABLE 20. FURFURAL ALCOHOL MARKET SIZE, BY REGION, 2014-2022(KILOTONS)
TABLE 21. FURFURAL SOLVENT MARKET REVENUE, BY REGION, 2014-2022($MILLION)
TABLE 22. FURFURAL SOLVENT MARKET SIZE, BY REGION, 2014-2022(KILOTONS)
TABLE 23. FURFURAL MARKET REVENUE, BY END USER, 2014-2022($MILLION)
TABLE 24. FURFURAL MARKET SIZE, BY END USER, 2014-2022(KILOTONS)
TABLE 25. FURFURAL IN PETROLEUM REFINERIES MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 26. FURFURAL IN PETROLEUM REFINERIES MARKET SIZE, BY REGION, 2014-2022 (KILOTONS)
TABLE 27. GLOBAL FURFURAL IN AGRICULTURAL FORMULATIONS MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 28. FURFURAL IN AGRICULTURAL FORMULATIONS MARKET SIZE, BY REGION, 2014-2022 (KILOTONS)
TABLE 29. FURFURAL IN PAINTS & COATINGS MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 30. FURFURAL IN PAINTS & COATINGS MARKET SIZE, BY REGION, 2014-2022 (KILOTONS)
TABLE 31. FURFURAL IN PHARMACEUTICALS MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 32. FURFURAL IN PHARMACEUTICALS MARKET SIZE, BY REGION, 2014-2022 (KILOTONS)
TABLE 33. FURFURAL IN OTHER INDUSTRIES MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 34. FURFURAL IN OTHER INDUSTRIES MARKET SIZE, BY REGION, 2014-2022 (KILOTONS)
TABLE 35. FURFURAL MARKET REVENUE, BY REGION, 2014-2022 ($MILLION)
TABLE 36. GLOBAL FURFURAL MARKET SIZE, BY REGION, 2014-2022 (KILOTONS)
TABLE 37. NORTH AMERICA FURFURAL MARKET REVENUE, BY RAW MATERIAL, 2014-2022 ($MILLION)
TABLE 38. NORTH AMERICA FURFURAL MARKET SIZE, BY RAW MATERIAL, 2014-2022 (KILOTONS)
TABLE 39. NORTH AMERICA FURFURAL MARKET REVENUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 40. NORTH AMERICA FURFURAL MARKET SIZE, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 41. NORTH AMERICA FURFURAL MARKET REVENUE, BY END USER, 2014-2022 ($MILLION)
TABLE 42. NORTH AMERICA FURFURAL MARKET SIZE, BY END USER, 2014-2022 (KILOTONS)
TABLE 43. NORTH AMERICA FURFURAL MARKET REVENUE, BY COUNTRY 2014-2022 ($MILLION)
TABLE 44. NORTH AMERICA FURFURAL MARKET SIZE, BY COUNTRY 2014-2022 (KILOTONS)
TABLE 45. EUROPE FURFURAL MARKET REVENUE, BY RAW MATERIAL, 2014-2022 ($MILLION)
TABLE 46. EUROPE FURFURAL MARKET SIZE, BY RAW MATERIAL, 2014-2022 (KILOTONS)
TABLE 47. EUROPE FURFURAL MARKET REVENUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 48. EUROPE FURFURAL MARKET SIZE, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 49. EUROPE FURFURAL MARKET REVENUE, BY END USER, 2014-2022 ($MILLION)
TABLE 50. EUROPE FURFURAL MARKET SIZE, BY END USER, 2014-2022 (KILOTONS)
TABLE 51. EUROPE FURFURAL MARKET REVENUE, BY COUNTRY 2014-2022 ($MILLION)
TABLE 52. EUROPE FURFURAL MARKET SIZE, BY COUNTRY 2014-2022 (KILOTONS)
TABLE 53. ASIA-PACIFIC FURFURAL MARKET REVENUE, BY RAW MATERIAL, 2014-2022 ($MILLION)
TABLE 54. ASIA-PACIFIC FURFURAL MARKET SIZE, BY RAW MATERIAL, 2014-2022 (KILOTONS)
TABLE 55. ASIA-PACIFIC FURFURAL MARKET REVENUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 56. ASIA-PACIFIC FURFURAL MARKET SIZE, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 57. ASIA-PACIFIC FURFURAL MARKET REVENUE, BY END USER, 2014-2022 ($MILLION)
TABLE 58. ASIA-PACIFIC FURFURAL MARKET SIZE, BY END USER, 2014-2022 (KILOTONS)
TABLE 59. ASIA-PACIFIC FURFURAL MARKET REVENUE, BY COUNTRY 2014-2022 ($MILLION)
TABLE 60. ASIA-PACIFIC FURFURAL MARKET SIZE VOLUME, BY COUNTRY 2014-2022 (KILOTONS)
TABLE 61. LAMEA FURFURAL MARKET REVENUE, BY RAW MATERIAL, 2014-2022 ($MILLION)
TABLE 62. LAMEA FURFURAL MARKET SIZE, BY RAW MATERIAL, 2014-2022 (KILOTONS)
TABLE 63. LAMEA FURFURAL MARKET REVENUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 64. LAMEA FURFURAL MARKET SIZE, BY APPLICATION, 2014-2022 (KILOTONS)
TABLE 65. LAMEA FURFURAL MARKET REVENUE, BY END USER, 2014-2022 ($MILLION)
TABLE 66. LAMEA FURFURAL MARKET SIZE, BY END USER, 2014-2022 (KILOTONS)
TABLE 67. LAMEA FURFURAL MARKET REVENUE, BY COUNTRY 2014-2022 ($MILLION)
TABLE 68. LAMEA FURFURAL MARKET SIZE, BY COUNTRY 2014-2022 (KILOTONS)
TABLE 69. ARCOY INDUSTRIES PVT. LTD.: COMPANY SNAPSHOT
TABLE 70. CENTRAL ROMANA CORPORATION, LTD.: COMPANY SNAPSHOT
TABLE 71. HONGYE HOLDINGS GROUP CO., LTD.: COMPANY SNAPSHOT
TABLE 72. ILLOVO SUGAR LTD: COMPANY SNAPSHOT
TABLE 73. ILLOVO SUGAR LTD.: OPERATING SEGMENTS
TABLE 74. KBRL LTD.: COMPANY SNAPSHOT
TABLE 75. KBRL LTD.: OPERATING SEGMENTS
TABLE 76. LENZING AG: COMPANY SNAPSHOT
TABLE 77. LENZING AG: OPERATING SEGMENTS
TABLE 78. PENN A KEM LLC: COMPANY SNAPSHOT
TABLE 79. SILVATEAM: COMPANY SNAPSHOT
TABLE 80. SILVATEAM: OPERATING SEGMENTS
TABLE 81. TANIN SEVNICA D.D.: COMPANY SNAPSHOT
TABLE 82. TANIN SEVNICA D.D.: OPERATING SEGMENTS
TABLE 83. TIELING NORTH FURFURAL (GROUP) CO.: COMPANY SNAPSHOT

LIST OF FIGURES

FIGURE 1. PATENT ANALYSIS BY YEAR, 2013-2016*
FIGURE 2. PATENT ANALYSIS BY REGION, 2013-2016*(%)
FIGURE 3. PATENT ANALYSIS BY COMPANY, 2013-2016* (%)
FIGURE 4. U.S.: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 5. CANADA: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 6. MEXICO: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 7. GERMANY: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 8. FRANCE: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 9. UK: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 10. ITALY: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 11. REST OF EUROPE: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 12. CHINA: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 13. INDIA: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 14. JAPAN: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 15. REST OF ASIA-PACIFIC: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 16. BRAZIL: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 17. TURKEY: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 18. AFRICA: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 19. REST OF LAMEA: FURFURAL MARKET REVENUE, 2014-2022 ($MILLION)
FIGURE 20. ILLOVO SUGAR LTD.: REVENUE, 2013-2015 ($MILLION)
FIGURE 21. ILLOVO SUGAR LTD.: REVENUE, BY SEGMENT, 2015 (%)
FIGURE 22. ILLOVO SUGAR LTD.: REVENUE, BY GEOGRAPHY, 2015 (%)
FIGURE 23. KBRL LTD.: REVENUE, 2013-2015 ($MILLION)
FIGURE 24. KBRL LTD.: REVENUE, BY BUSINESS SEGMENTS, 2015 (%)
FIGURE 25. KBRL LTD.: REVENUE, BY GEOGRAPHY, 2015 (%)
FIGURE 26. LENZING AG: REVENUE, 2013-2015 ($MILLION)
FIGURE 27. LENZING AG: REVENUE, BY SEGMENT, 2015 (%)
FIGURE 28. LENZING AG: REVENUE, BY GEOGRAPHY, 2015 (%)

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