Product Code: IRTNTR75200
The furfural market is forecasted to grow by USD 228.2 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the furfural market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by wide range of applications in various industries, mergers and acquisitions boosting market growth, and increased demand for eco-friendly products.
Technavio's furfural market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.23% |
CAGR | 6.78% |
Incremental Value | $228.2 mn |
By Application
- Furfuryl alcohol
- Solvent
- Intermediate
By End-user
- Agriculture
- Paints and coatings
- Pharmaceuticals
- Food and beverages
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the growing demand for bio-based additives in agricultural industry as one of the prime reasons driving the furfural market growth during the next few years. Also, high growth of paints and coatings industry and increased spending on r and d will lead to sizable demand in the market.
The report on the furfural market covers the following areas:
- Furfural market sizing
- Furfural market forecast
- Furfural market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading furfural market vendors that include Behran Oil Co., Central Romana Corp., DalinYebo Trading and Development (Pty) Ltd., Furnova Polymers Ltd., GoodRich Sugar, Hebei Furan International Co. Ltd., Henan Huilong Chemical Co. Ltd., Hongye Holding Group Corp. Ltd., Illovo Sugar Africa Pty Ltd., KRBL Ltd., Lenzing AG, PENNAKEM LLC, Shandong Crownchem Industries Co. Ltd., Silvateam Spa, Tanin DD Sevnica, Tokyo Chemical Industry Co. Ltd., TransFurans Chemicals bvba, Xingtai Chunlei Furfuryl Alcohol Co. Ltd., Zhucheng Taisheng Chemical Co. Ltd., and Zibo Huaao Chemical Co. Ltd.. Also, the furfural market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Furfural Market 2018 - 2022
- Historic Market Size - Data Table on Global Furfural Market 2018 - 2022 ($ million)
- 4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
- 4.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 6.3 Furfuryl alcohol - Market size and forecast 2023-2028
- Chart on Furfuryl alcohol - Market size and forecast 2023-2028 ($ million)
- Data Table on Furfuryl alcohol - Market size and forecast 2023-2028 ($ million)
- Chart on Furfuryl alcohol - Year-over-year growth 2023-2028 (%)
- Data Table on Furfuryl alcohol - Year-over-year growth 2023-2028 (%)
- 6.4 Solvent - Market size and forecast 2023-2028
- Chart on Solvent - Market size and forecast 2023-2028 ($ million)
- Data Table on Solvent - Market size and forecast 2023-2028 ($ million)
- Chart on Solvent - Year-over-year growth 2023-2028 (%)
- Data Table on Solvent - Year-over-year growth 2023-2028 (%)
- 6.5 Intermediate - Market size and forecast 2023-2028
- Chart on Intermediate - Market size and forecast 2023-2028 ($ million)
- Data Table on Intermediate - Market size and forecast 2023-2028 ($ million)
- Chart on Intermediate - Year-over-year growth 2023-2028 (%)
- Data Table on Intermediate - Year-over-year growth 2023-2028 (%)
- 6.6 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
- 7.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 7.3 Agriculture - Market size and forecast 2023-2028
- Chart on Agriculture - Market size and forecast 2023-2028 ($ million)
- Data Table on Agriculture - Market size and forecast 2023-2028 ($ million)
- Chart on Agriculture - Year-over-year growth 2023-2028 (%)
- Data Table on Agriculture - Year-over-year growth 2023-2028 (%)
- 7.4 Paints and coatings - Market size and forecast 2023-2028
- Chart on Paints and coatings - Market size and forecast 2023-2028 ($ million)
- Data Table on Paints and coatings - Market size and forecast 2023-2028 ($ million)
- Chart on Paints and coatings - Year-over-year growth 2023-2028 (%)
- Data Table on Paints and coatings - Year-over-year growth 2023-2028 (%)
- 7.5 Pharmaceuticals - Market size and forecast 2023-2028
- Chart on Pharmaceuticals - Market size and forecast 2023-2028 ($ million)
- Data Table on Pharmaceuticals - Market size and forecast 2023-2028 ($ million)
- Chart on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
- Data Table on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
- 7.6 Food and beverages - Market size and forecast 2023-2028
- Chart on Food and beverages - Market size and forecast 2023-2028 ($ million)
- Data Table on Food and beverages - Market size and forecast 2023-2028 ($ million)
- Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
- Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
- 7.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.8 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.11 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.12 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Central Romana Corp.
- Central Romana Corp. - Overview
- Central Romana Corp. - Product / Service
- Central Romana Corp. - Key offerings
- 12.4 DalinYebo Trading and Development (Pty) Ltd.
- DalinYebo Trading and Development (Pty) Ltd. - Overview
- DalinYebo Trading and Development (Pty) Ltd. - Product / Service
- DalinYebo Trading and Development (Pty) Ltd. - Key offerings
- 12.5 Furnova Polymers Ltd.
- Furnova Polymers Ltd. - Overview
- Furnova Polymers Ltd. - Product / Service
- Furnova Polymers Ltd. - Key offerings
- 12.6 GoodRich Sugar
- GoodRich Sugar - Overview
- GoodRich Sugar - Product / Service
- GoodRich Sugar - Key offerings
- 12.7 Hongye Holding Group Corp. Ltd.
- Hongye Holding Group Corp. Ltd. - Overview
- Hongye Holding Group Corp. Ltd. - Product / Service
- Hongye Holding Group Corp. Ltd. - Key offerings
- 12.8 Illovo Sugar Africa Pty Ltd.
- Illovo Sugar Africa Pty Ltd. - Overview
- Illovo Sugar Africa Pty Ltd. - Product / Service
- Illovo Sugar Africa Pty Ltd. - Key offerings
- 12.9 Lenzing AG
- Lenzing AG - Overview
- Lenzing AG - Business segments
- Lenzing AG - Key offerings
- Lenzing AG - Segment focus
- 12.10 PENNAKEM LLC
- PENNAKEM LLC - Overview
- PENNAKEM LLC - Product / Service
- PENNAKEM LLC - Key offerings
- 12.11 Silvateam Spa
- Silvateam Spa - Overview
- Silvateam Spa - Product / Service
- Silvateam Spa - Key offerings
- 12.12 Tanin DD Sevnica
- Tanin DD Sevnica - Overview
- Tanin DD Sevnica - Product / Service
- Tanin DD Sevnica - Key offerings
- 12.13 Tokyo Chemical Industry Co. Ltd.
- Tokyo Chemical Industry Co. Ltd. - Overview
- Tokyo Chemical Industry Co. Ltd. - Product / Service
- Tokyo Chemical Industry Co. Ltd. - Key offerings
- 12.14 TransFurans Chemicals bvba
- TransFurans Chemicals bvba - Overview
- TransFurans Chemicals bvba - Product / Service
- TransFurans Chemicals bvba - Key offerings
- 12.15 Xingtai Chunlei Furfuryl Alcohol Co. Ltd.
- Xingtai Chunlei Furfuryl Alcohol Co. Ltd. - Overview
- Xingtai Chunlei Furfuryl Alcohol Co. Ltd. - Product / Service
- Xingtai Chunlei Furfuryl Alcohol Co. Ltd. - Key offerings
- 12.16 Zhucheng Taisheng Chemical Co. Ltd.
- Zhucheng Taisheng Chemical Co. Ltd. - Overview
- Zhucheng Taisheng Chemical Co. Ltd. - Product / Service
- Zhucheng Taisheng Chemical Co. Ltd. - Key offerings
- 12.17 Zibo Huaao Chemical Co. Ltd.
- Zibo Huaao Chemical Co. Ltd. - Overview
- Zibo Huaao Chemical Co. Ltd. - Product / Service
- Zibo Huaao Chemical Co. Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations