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Central Romana Corp.
DalinYebo Trading and Development(Pty) Ltd.
Furnova Polymers Ltd.
GoodRich Sugar
Hongye Holding Group Corp. Ltd.
Illovo Sugar Africa Pty Ltd.
Lenzing AG
PENNAKEM LLC
Silvateam Spa
Tanin DD Sevnica
Tokyo Chemical Industry Co. Ltd.
TransFurans Chemicals bvba
Xingtai Chunlei Furfuryl Alcohol Co. Ltd.
Zhucheng Taisheng Chemical Co. Ltd.
Zibo Huaao Chemical Co. Ltd.
Á¦13Àå ºÎ·Ï
LSH
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