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市场调查报告书
商品编码
1438238

2030 年夫喃甲醇市场预测:按类型、原料、製程、应用、最终用户和地区进行的全球分析

Furfural Market Forecasts to 2030 - Global Analysis By Type, Raw Material, Process, Application, End User and By Geography

出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3个工作天内

价格

根据Stratistics MRC的数据,2023年全球夫喃甲醇市场规模为6.0796亿美元,预计到2030年将达到11.2572亿美元,预测期内复合年增长率为9.2%。

夫喃甲醇是从玉米芯、甘蔗渣和木材等农产品中提取的天然有机化合物。夫喃甲醇通常用于生产各种化学品、树脂和溶剂,并可作为合成药物、除草剂和塑胶的通用原料。它由可再生物质製成,对环境友好,是石油化学品的永续替代品。

据印度品牌股权基金会 (IBEF) 称,印度农业的夫喃甲醇消费量正在增加,到 2022 年将达到约 58.0%。

政府不断采取措施推广生物基化学品

由于人们对环境永续性和减少碳足迹的日益关注,世界各国政府都在鼓励开发可再生化学品来取代传统石化产品。夫喃甲醇是一种由生物质原料生产的可再生化学品,非常适合此类计划。支持性政策、补贴和授权正在鼓励对夫喃甲醇生产和利用的投资,并推动市场成长。

环境问题

关于夫喃甲醇的环境问题主要集中在其生产过程和对生态系统的潜在影响。将生物质原料转化为夫喃甲醇通常涉及使用酸和溶剂,这可能导致挥发性有机化合物(VOC)和其他污染物的排放。这种环境影响可能导致监管审查加强、监管更加严格、合规成本更高以及夫喃甲醇产品的负面声誉,从而阻碍市场成长和盈利。

扩大医药和农化领域

夫喃甲醇是合成各种药物化合物和农药(包括除草剂、杀菌剂和杀虫剂)的重要中间体。随着世界人口的增长以及对医疗保健和农产品的需求的增长,製药和农化行业的製造过程需要稳定的夫喃甲醇供应。这些产业的持续需求正在推动市场成长,刺激对夫喃甲醇生产基础设施的投资,并促进应用创新,从而推动整体夫喃甲醇市场的扩张。

原物料价格波动

夫喃甲醇生产严重依赖玉米芯、甘蔗渣和木片等生物质原料。由于天气条件、市场需求和地缘政治事件等因素造成的原物料价格波动可能会扰乱夫喃甲醇製造商的生产成本和盈利。因此,原物料价格的波动可能会破坏市场稳定,阻碍投资决策,并抑制夫喃甲醇产业的潜在成长机会。

COVID-19 的影响

COVID-19大流行对夫喃甲醇市场产生了重大影响。全球供应链中断、劳动力短缺和工业活动减少减少了各个最终用途产业对夫喃甲醇的需求。此外,国际贸易和旅游限制扰乱了夫喃甲醇的供应和分销网络。儘管疫情凸显了生物基化学品对永续性的重要性,但疫情带来的直接经济挑战和市场不确定性对夫喃甲醇市场产生了显着的负面影响,其成长轨迹已经放缓。

生物基细分市场预计将在预测期内成为最大的细分市场

生物基细分市场预计将出现良好的成长。生物基夫喃甲醇是一种从生物质原料(如农业残留物、木材和甘蔗渣)中获得的可再生化学品。其生产涉及这些原料中所含戊糖的脱水。优点包括生物分解性、减少碳排放以及与绿色化学原理的兼容性。随着人们对环境问题的日益关注以及政府推广生物基化学品的努力,对生物基夫喃甲醇的需求预计将增加并推动创新。

糠醇製造领域预计预测期内复合年增长率最高

糠醇生产产业预计在预测期内复合年增长率最高。夫喃甲醇广泛用于糠醇的生产,是一种具有多种用途的多功能化学品。糠醇是合成铸造树脂的关键原料,而铸造树脂是生产金属铸造业所用砂模所必需的。这些树脂具有优异的耐热性、尺寸稳定性和机械性能,使其成为各种铸造应用的理想选择。

比最大的地区

在亚太地区,在工业化、农业和化学工业蓬勃发展的推动下,夫喃甲醇市场潜力巨大。快速的经济成长和都市化正在推动夫喃甲醇的各种应用需求,包括製药、化学和农业应用。中国、印度等农业大国的存在保证了夫喃甲醇生产生物质原料的稳定供应。此外,环保意识的提高和政府推广生物基化学品的措施进一步刺激了市场成长。

复合年增长率最高的地区:

预计欧洲在预测期内的复合年增长率最高。在欧洲,夫喃甲醇市场受到严格的环境法规、对可再生化学品的需求不断增加以及生物基技术的进步等多种因素的支持。夫喃甲醇有多种用途,包括药品、农药和香料,是市场成长的驱动力。此外,欧洲对永续性和可再生资源的重视与夫喃甲醇的环保特性一致,有利于市场扩张。

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目录

第一章执行摘要

第二章 前言

  • 概述
  • 相关利益者
  • 调查范围
  • 调查方法
    • 资料探勘
    • 资料分析
    • 资料检验
    • 研究途径
  • 调查来源
    • 主要调查来源
    • 二次调查来源
    • 先决条件

第三章市场趋势分析

  • 促进因素
  • 抑制因素
  • 机会
  • 威胁
  • 应用分析
  • 最终用户分析
  • 新兴市场
  • COVID-19 的影响

第4章波特五力分析

  • 供应商的议价能力
  • 买方议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争对手之间存在敌对关係

第五章全球夫喃甲醇市场:依类型

  • 合成夫喃甲醇
  • 生物基夫喃甲醇

第六章全球夫喃甲醇市场:依原料分类

  • 玉米芯
  • 甘蔗渣
  • 向日葵壳
  • 稻壳
  • 棉壳
  • 其他原料

第七章全球夫喃甲醇市场:依製程分类

  • 水解过程
  • 桂格燕麦加工过程
  • 水蒸气蒸馏过程
  • 酸催化作用
  • 其他工艺

第八章全球夫喃甲醇市场:依应用分类

  • 溶剂
  • 糠醇生产
  • 化学中间体
  • 其他用途

第九章全球夫喃甲醇市场:依最终用户分类

  • 农业
  • 油漆和涂料
  • 药品
  • 饮食
  • 炼油厂
  • 其他最终用户

第十章全球夫喃甲醇市场:按地区

  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙
    • 其他欧洲国家
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳洲
    • 纽西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地区
  • 中东和非洲
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 卡达
    • 南非
    • 其他中东和非洲

第十一章 主要进展

  • 合约、伙伴关係、协作和合资企业
  • 收购和合併
  • 新产品发布
  • 业务扩展
  • 其他关键策略

第十二章 公司简介

  • Central Romana Corporation
  • Hongye Chemical Limited
  • Archer Daniels Midland Company(ADM)
  • Illovo Sugar Limited
  • Penn A Kem LLC
  • Silvateam SpA
  • Lenzing AG
  • TransFurans Chemicals
  • Tanin Sevnica
  • Xingtai Chunlei Furfuryl Alcohol Limited
  • Hebei Muenle Yongfa Technology Limited
  • Shandong Crownchem Industries Limited
  • Linzi Organic Chemicals Inc
Product Code: SMRC25207

According to Stratistics MRC, the Global Furfural Market is accounted for $607.96 million in 2023 and is expected to reach $1125.72 million by 2030 growing at a CAGR of 9.2% during the forecast period. Furfural is a natural, organic compound derived from agricultural by-products such as corncobs, sugarcane bagasse, or wood. It is commonly used in the production of various chemicals, resins, and solvents. Furfural serves as a versatile building block in the synthesis of pharmaceuticals, herbicides, and plastics. Its eco-friendly nature, being sourced from renewable biomass, makes it a sustainable alternative to petroleum-based chemicals.

According to the India Brand Equity Foundation (IBEF), India witnessed rising consumption of furfural from agriculture; for instance, approximately 58.0% in 2022.

Market Dynamics:

Driver:

Rising government initiatives promoting bio-based chemicals

The development of renewable alternatives to traditional petrochemicals is being encouraged by governments worldwide due to growing concerns about environmental sustainability and reducing carbon footprints. Furfural is a renewable and environmentally friendly chemical that is produced from biomass feedstocks, therefore it fits in nicely with these projects. Supportive policies, subsidies, and mandates encourage investment in furfural production and utilization, driving market growth.

Restraint:

Environmental concerns

Environmental concerns regarding furfural primarily revolve around its production processes and potential impacts on ecosystems. The conversion of biomass feedstocks into furfural often involves the use of acids and solvents, which can lead to emissions of volatile organic compounds (VOCs) and other pollutants. Such environmental impacts raise regulatory scrutiny, potentially leading to stricter regulations, higher compliance costs, and negative perceptions of furfural products, thereby hindering market growth and profitability.

Opportunity:

Expanding pharmaceutical and agrochemical sectors

Furfural serves as a key intermediate in the synthesis of various pharmaceutical compounds and agrochemicals, including herbicides, fungicides, and insecticides. With increasing global population and demand for healthcare and agricultural products, the pharmaceutical and agrochemical industries require a steady supply of furfural for manufacturing processes. This sustained demand from these sectors fuels market growth, stimulating investment in furfural production infrastructure and fostering innovation in applications, thereby propelling the overall furfural market expansion.

Threat:

Volatility in feedstock prices

Furfural production relies heavily on biomass feedstocks such as corn cobs, sugarcane bagasse, and wood chips. Fluctuations in the prices of these feedstocks due to factors like weather conditions, market demand, and geopolitical events can disrupt production costs and profitability for furfural manufacturers. Consequently, volatility in feedstock prices can undermine market stability, impede investment decisions, and deter potential growth opportunities within the furfural industry.

Covid-19 Impact

The covid-19 pandemic significantly impacted the furfural market. Disruptions in global supply chains, labor shortages, and decreased industrial activities led to reduced demand for furfural across various end-use sectors. Additionally, restrictions on international trade and travel disrupted furfural supply and distribution networks. While the pandemic underscored the importance of bio-based chemicals for sustainability, the immediate economic challenges and market uncertainties caused by epidemic had a notable adverse effect on the furfural market, slowing down its growth trajectory.

The bio-based segment is expected to be the largest during the forecast period

The bio-based segment is estimated to have a lucrative growth. Bio-based furfural is a renewable chemical derived from biomass feedstocks such as agricultural residues, wood, and sugarcane bagasse. Its production involves the dehydration of pentose sugars present in these feedstocks. It offers advantages such as biodegradability, reduced carbon footprint, and compatibility with green chemistry principles. With increasing environmental concerns and government initiatives promoting bio-based chemicals, the demand for bio-based furfural is expected to rise, driving innovation.

The furfuryl alcohol production segment is expected to have the highest CAGR during the forecast period

The furfuryl alcohol production segment is anticipated to witness the highest CAGR growth during the forecast period. Furfural is extensively utilized in the production of furfuryl alcohol, a versatile chemical with diverse applications. Furfuryl alcohol serves as a key raw material in the synthesis of foundry resins, which are integral in the production of sand casting moulds used in metal casting industries. These resins offer excellent heat resistance, dimensional stability, and mechanical properties, making them ideal for various casting applications.

Region with largest share:

In the Asia-Pacific region, the furfural market demonstrates significant potential fueled by the region's robust industrialization, agriculture, and chemical sectors. Rapid economic growth and urbanization drive demand for furfural across various applications, including pharmaceuticals, chemicals, and agriculture. The presence of key agricultural countries like China and India ensures a steady supply of biomass feedstocks for furfural production. Additionally, increasing environmental awareness and government initiatives promoting bio-based chemicals further stimulate market growth.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period. In Europe, the furfural market is buoyed by a combination of factors, including stringent environmental regulations, growing demand for renewable chemicals, and advancements in bio-based technology. Furfural's diverse applications in pharmaceuticals, agrochemicals, and flavourings drive market growth. Moreover, Europe's emphasis on sustainability and renewable resources aligns with furfural's eco-friendly profile, fostering market expansion.

Key players in the market

Some of the key players profiled in the Furfural Market include Central Romana Corporation, Hongye Chemical Limited, Archer Daniels Midland Company (ADM), Illovo Sugar Limited, Penn A Kem LLC, Silvateam S.p.A., Lenzing AG, TransFurans Chemicals, Tanin Sevnica, Xingtai Chunlei Furfuryl Alcohol Co. Limited, Hebei Muenle Yongfa Technology Co. Limited, Shandong Crownchem Industries Limited and Linzi Organic Chemicals Inc.

Key Developments:

In December 2020, TransFurans Chemicals offered its distribution rights to International Furan Chemicals to expand its brand reachability on a global note.

In November 2020, Illovo Sugar Africa expanded its operational facilities in six African countries to cater to global sugar needs and acquired the status of the major producer of Furfural.

Types Covered:

  • Synthetic Furfural
  • Bio-based Furfural

Raw Materials Covered:

  • Corncob
  • Sugarcane Bagasse
  • Sunflower Hull
  • Rice Husk
  • Cotton Hulls
  • Other Raw Materials

Processes Covered:

  • Hydrolysis Process
  • Quaker Oats Process
  • Steam Distillation Process
  • Acid Catalysis
  • Other Processes

Applications Covered:

  • Solvent
  • Furfuryl Alcohol Production
  • Chemical Intermediate
  • Other Applications

End Users Covered:

  • Agriculture
  • Paints & Coatings
  • Pharmaceuticals
  • Food & Beverages
  • Refineries
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 End User Analysis
  • 3.8 Emerging Markets
  • 3.9 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Furfural Market, By Type

  • 5.1 Introduction
  • 5.2 Synthetic Furfural
  • 5.3 Bio-based Furfural

6 Global Furfural Market, By Raw Material

  • 6.1 Introduction
  • 6.2 Corncob
  • 6.3 Sugarcane Bagasse
  • 6.4 Sunflower Hull
  • 6.5 Rice Husk
  • 6.6 Cotton Hulls
  • 6.7 Other Raw Materials

7 Global Furfural Market, By Process

  • 7.1 Introduction
  • 7.2 Hydrolysis Process
  • 7.3 Quaker Oats Process
  • 7.4 Steam Distillation Process
  • 7.5 Acid Catalysis
  • 7.6 Other Processes

8 Global Furfural Market, By Application

  • 8.1 Introduction
  • 8.2 Solvent
  • 8.3 Furfuryl Alcohol Production
  • 8.4 Chemical Intermediate
  • 8.5 Other Applications

9 Global Furfural Market, By End User

  • 9.1 Introduction
  • 9.2 Agriculture
  • 9.3 Paints & Coatings
  • 9.4 Pharmaceuticals
  • 9.5 Food & Beverages
  • 9.6 Refineries
  • 9.7 Other End Users

10 Global Furfural Market, By Geography

  • 10.1 Introduction
  • 10.2 North America
    • 10.2.1 US
    • 10.2.2 Canada
    • 10.2.3 Mexico
  • 10.3 Europe
    • 10.3.1 Germany
    • 10.3.2 UK
    • 10.3.3 Italy
    • 10.3.4 France
    • 10.3.5 Spain
    • 10.3.6 Rest of Europe
  • 10.4 Asia Pacific
    • 10.4.1 Japan
    • 10.4.2 China
    • 10.4.3 India
    • 10.4.4 Australia
    • 10.4.5 New Zealand
    • 10.4.6 South Korea
    • 10.4.7 Rest of Asia Pacific
  • 10.5 South America
    • 10.5.1 Argentina
    • 10.5.2 Brazil
    • 10.5.3 Chile
    • 10.5.4 Rest of South America
  • 10.6 Middle East & Africa
    • 10.6.1 Saudi Arabia
    • 10.6.2 UAE
    • 10.6.3 Qatar
    • 10.6.4 South Africa
    • 10.6.5 Rest of Middle East & Africa

11 Key Developments

  • 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 11.2 Acquisitions & Mergers
  • 11.3 New Product Launch
  • 11.4 Expansions
  • 11.5 Other Key Strategies

12 Company Profiling

  • 12.1 Central Romana Corporation
  • 12.2 Hongye Chemical Limited
  • 12.3 Archer Daniels Midland Company (ADM)
  • 12.4 Illovo Sugar Limited
  • 12.5 Penn A Kem LLC
  • 12.6 Silvateam S.p.A.
  • 12.7 Lenzing AG
  • 12.8 TransFurans Chemicals
  • 12.9 Tanin Sevnica
  • 12.10 Xingtai Chunlei Furfuryl Alcohol Limited
  • 12.11 Hebei Muenle Yongfa Technology Limited
  • 12.12 Shandong Crownchem Industries Limited
  • 12.13 Linzi Organic Chemicals Inc

List of Tables

  • Table 1 Global Furfural Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Furfural Market Outlook, By Type (2021-2030) ($MN)
  • Table 3 Global Furfural Market Outlook, By Synthetic Furfural (2021-2030) ($MN)
  • Table 4 Global Furfural Market Outlook, By Bio-based Furfural (2021-2030) ($MN)
  • Table 5 Global Furfural Market Outlook, By Raw Material (2021-2030) ($MN)
  • Table 6 Global Furfural Market Outlook, By Corncob (2021-2030) ($MN)
  • Table 7 Global Furfural Market Outlook, By Sugarcane Bagasse (2021-2030) ($MN)
  • Table 8 Global Furfural Market Outlook, By Sunflower Hull (2021-2030) ($MN)
  • Table 9 Global Furfural Market Outlook, By Rice Husk (2021-2030) ($MN)
  • Table 10 Global Furfural Market Outlook, By Cotton Hulls (2021-2030) ($MN)
  • Table 11 Global Furfural Market Outlook, By Other Raw Materials (2021-2030) ($MN)
  • Table 12 Global Furfural Market Outlook, By Process (2021-2030) ($MN)
  • Table 13 Global Furfural Market Outlook, By Hydrolysis Process (2021-2030) ($MN)
  • Table 14 Global Furfural Market Outlook, By Quaker Oats Process (2021-2030) ($MN)
  • Table 15 Global Furfural Market Outlook, By Steam Distillation Process (2021-2030) ($MN)
  • Table 16 Global Furfural Market Outlook, By Acid Catalysis (2021-2030) ($MN)
  • Table 17 Global Furfural Market Outlook, By Other Processes (2021-2030) ($MN)
  • Table 18 Global Furfural Market Outlook, By Application (2021-2030) ($MN)
  • Table 19 Global Furfural Market Outlook, By Solvent (2021-2030) ($MN)
  • Table 20 Global Furfural Market Outlook, By Furfuryl Alcohol Production (2021-2030) ($MN)
  • Table 21 Global Furfural Market Outlook, By Chemical Intermediate (2021-2030) ($MN)
  • Table 22 Global Furfural Market Outlook, By Other Applications (2021-2030) ($MN)
  • Table 23 Global Furfural Market Outlook, By End User (2021-2030) ($MN)
  • Table 24 Global Furfural Market Outlook, By Agriculture (2021-2030) ($MN)
  • Table 25 Global Furfural Market Outlook, By Paints & Coatings (2021-2030) ($MN)
  • Table 26 Global Furfural Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
  • Table 27 Global Furfural Market Outlook, By Food & Beverages (2021-2030) ($MN)
  • Table 28 Global Furfural Market Outlook, By Refineries (2021-2030) ($MN)
  • Table 29 Global Furfural Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.