市场调查报告书
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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 |
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。
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。
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。
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.
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.
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.
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.
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.
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.
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.
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.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.