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市場調查報告書
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1690320

夫喃甲醇市場報告:2031 年趨勢、預測與競爭分析

Furfural Market Report: Trends, Forecast and Competitive Analysis to 2031

出版日期: | 出版商: Lucintel | 英文 150 Pages | 商品交期: 3個工作天內

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簡介目錄

全球夫喃甲醇市場的未來在農業、油漆和塗料、食品和飲料以及精製市場充滿機會。預計到 2031 年全球夫喃甲醇市場規模將達到 10.5 億美元,2025 年至 2031 年的複合年成長率為 6.5%。該市場的主要驅動力是糠醇需求的不斷成長、夫喃甲醇在陶瓷複合材料、玻璃纖維、磚塊等各種耐火材料產品中的使用日益增多,以及各國農業實踐中殺蟲劑和殺菌劑的使用日益增多。

  • Lucintel 預測,在原料類別中,玉米芯將在預測期內保持成長最快的地位,因為它適應性強,可作為生產各種生質燃料和化學產品的原料,同時也是夫喃甲醇生產的首選原料。
  • 在最終用途行業類別中,預計煉油廠將在預測期內保持最高成長率,因為甲苯通常用作石油精製製程、特種黏合劑和潤滑劑中的溶劑,並透過加氫轉化為 2-甲基四氫呋喃和 2-甲基呋喃。
  • 由於中國、印度和日本等經濟體的農業、食品和飲料、製藥和煉油廠等各個終端用途領域的擴張導致夫喃甲醇產量龐大,預計亞太地區在預測期內將維持最高的成長率。

夫喃甲醇市場的策略性成長機會

夫喃甲醇市場的策略性成長機會包括:

  • 藥物:夫喃甲醇獨特的化學性質使其在製藥製造中具有價值,報告描述了其在開發新藥物和中間體方面的潛力。
  • 農藥:夫喃甲醇在農業化學品(包括農藥和除草劑)的使用具有成長潛力,尤其是隨著農業生產力的提高。
  • 生質燃料:夫喃甲醇的可再生和能量含量使其成為生質燃料添加劑的良好前景,並且有機會生產環境可接受的夫喃甲醇基生質燃料。
  • 先進材料:由於石化和聚合物產業的永續性優勢,夫喃甲醇生產聚合物和樹脂具有成長潛力。
  • 可再生原料:利用農業殘留物等生質能原料生產夫喃甲醇符合永續性目標,並為提高生產力和減少環境影響提供了機會。

這些成長機會將擴大應用範圍,促進現代化,並促進夫喃甲醇市場的生態學永續性進程。

夫喃甲醇市場促進因素與挑戰

同時,夫喃甲醇市場也面臨各種促進因素​​與挑戰。

推動夫喃甲醇市場發展的因素有:

  • 技術進步:新的生產技術,例如更好的催化劑和工藝,使夫喃甲醇生產更有效率、更便宜。這些發展將透過最大化產量和降低成本來推動市場成長。
  • 致力於永續性:對永續性和綠色化學的日益關注是生物來源和環保夫喃甲醇的關鍵驅動力。這一趨勢與全球減少污染影響和利用可再生資源的努力一致。
  • 多樣化應用:夫喃甲醇在醫藥、農業化學品和先進材料的應用日益廣泛,為市場開闢了新的途徑。這種市場多樣化有利於透過新的應用和細分市場實現市場成長。
  • 農業殘留物作為原料:用於夫喃甲醇生產的農業殘留物等原料可促進永續性,同時提高廢棄物管理的效率。使用可再生資源也增加了夫喃甲醇生產的經濟可行性。
  • 新興市場需求不斷增加:新興國家特別是亞洲的工業化、都市化進程,正增加對夫喃甲醇的需求。這些趨勢為市場擴張和生產能力投資提供了令人興奮的機會。

夫喃甲醇市場面臨的挑戰如下:

  • 生產成本高:夫喃甲醇生產流程複雜,原料複雜,對價格影響較大。夫喃甲醇生產的複雜製程和原料會對價格產生重大影響,製造商面臨的挑戰是控制這些成本,同時將產品品質維持在所需的水準。
  • 遵守法規:環境法規越來越嚴格,迫使許多製造商採用「更清潔」的生產方法和新技術。法規遵從推動成本降低,並持續需要技術和方法投資。
  • 市場競爭:夫喃甲醇產業競爭激烈,影響價格與盈利。為了業務永續營運,他們需要改變創新、品質和控制成本的方式,以在市場上更具競爭力。

這些促進因素和挑戰從生產實踐、市場動態和成長機會的角度定義了特定的夫喃甲醇市場。產業的變化有利於應對這些挑戰並受益於新的前景。

目錄

第1章執行摘要

第2章全球夫喃甲醇市場:市場動態

  • 簡介、背景和分類
  • 供應鏈
  • 產業驅動力與挑戰

第3章 2019年至2031年市場趨勢及預測分析

  • 宏觀經濟趨勢(2019-2024)及預測(2025-2031)
  • 全球夫喃甲醇市場趨勢(2019-2024)及預測(2025-2031)
  • 全球夫喃甲醇市場(按原始材料)
    • 玉米棒
    • 甘蔗渣
    • 葵花籽殼
    • 稻殼
    • 其他
  • 全球夫喃甲醇市場按應用分類
    • 糠醇
    • 溶劑
    • 中間體
    • 其他
  • 全球夫喃甲醇市場(按最終用途行業分類)
    • 農業
    • 油漆和塗料
    • 製藥
    • 飲食
    • 煉油廠
    • 其他

第4章2019年至2031年區域市場趨勢與預測分析

  • 區域夫喃甲醇市場
  • 北美夫喃甲醇市場
  • 歐洲夫喃甲醇市場
  • 亞太夫喃甲醇市場
  • 其他地區夫喃甲醇市場

第5章 競爭分析

  • 產品系列分析
  • 營運整合
  • 波特五力分析

第6章 成長機會與策略分析

  • 成長機會分析
    • 全球夫喃甲醇市場成長機會(按原料)
    • 全球夫喃甲醇市場的成長機會(按應用)
    • 全球夫喃甲醇市場終端用途產業成長機會
    • 區域夫喃甲醇市場的成長機會
  • 全球夫喃甲醇市場新趨勢
  • 戰略分析
    • 新產品開發
    • 全球夫喃甲醇市場產能擴大
    • 全球夫喃甲醇市場的併購與合資
    • 認證和許可

第7章主要企業簡介

  • Illovo Group
  • Linzi Organic Chemical
  • Trans Furans Chemicals bvba
  • Central Romana Corporation
  • DalinYebo
  • Hebeichem
  • KRBL
簡介目錄

The future of the global furfural market looks promising with opportunities in the agriculture, paints & coating, pharmaceutical, food & beverage, and refinery markets. The global furfural market is expected to reach an estimated $1050 million by 2031 with a CAGR of 6.5% from 2025 to 2031. The major drivers for this market are increasing demand for furfuryl alcohol, expanding usage of furfural in various refractory products such as ceramic composites, fiberglass, and bricks, and heightened utilization of pesticides and fungicides in agricultural practices across various nations.

  • Lucintel forecasts that, within the raw material category, corn cobs will remain the highest growing segment over the forecast period because of their adaptability and it helps in playing as a feedstock in the manufacturing of diverse biofuels and chemical products, as well as, it is the most desirable raw material for furfural production.
  • Within the end use industry category, refineries will remain the highest growing segment over the forecast period because it is commonly employed as a solvent in the petroleum refining process, specialized adhesives, and lubricants, and through hydrogenation and it can also be converted into 2-methyl tetrahydrofuran and 2-methyl furan, both of which find application as gasoline additives.
  • In terms of regions, APAC will remain the highest growing region over the forecast period due to significant furfural production, accompanied by expansion in various end-use sectors, such as agriculture, food and beverages, pharmaceuticals, and refineries within the economies of China, India, and Japan.

Gain valuable insights for your business decisions with our comprehensive 150+ page report.

Emerging Trends in the Furfural Market

The furfural market is driven by various emerging trends:

  • Sustainability and Green Chemistry: There is a remarkable shift towards using furfural in sustainable and green chemistry. It is increasingly applied as a bio solvent and a matrix for environmentally friendly chemicals in biorefineries, contributing to global sustainability goals.
  • Technological Innovations: Advances in production technologies, including improved catalysts and process designs, are enhancing the efficiency and economics of furfural production. These innovations are lowering costs and expanding production capabilities.
  • Expansion in Applications: New applications for furfural are being discovered beyond traditional uses in pharmaceuticals and agrochemicals. This broadening of applications is creating new opportunities within the market.
  • Increased Use of Agricultural Residues: There is a growing recognition of the potential for agricultural residues to be used in furfural production, reducing waste and aligning with sustainable and circular economy practices.
  • Growth in Biofuels: Furfural is gaining attention as a potential biofuel supplement due to its high calorific value and renewability. This shift is driven by the demand for cleaner and more sustainable fuel alternatives.
  • Regulatory Changes: The furfural market is impacted by stringent environmental policies that compel manufacturers to adopt cleaner and more efficient production methods, shaping competitive dynamics in the industry.
  • Rising Demand in Emerging Markets: Fast-growing economies in Asia are exhibiting above-average consumption of furfural due to industrialization and urbanization, enabling producers to expand their market portfolios.

These trends are reframing the furfural market, fostering innovation, broadening applications, and enhancing sustainability efforts.

Recent Developments in the Furfural Market

Recent developments in the furfural market reflect ongoing advancements and shifts:

  • Advanced Production Technologies: Innovations in catalytic processes are enhancing furfural output and reducing production costs, making furfural more accessible and economical.
  • Increased Focus on Sustainability: There is a trend towards sourcing furfural from raw plant materials, aligning with global sustainability initiatives and minimizing ecological impact.
  • Expansion into New Applications: Furfural is being integrated into the production of medicines and advanced materials, driven by its unique properties and potential benefits across various industries.
  • Growth in Agricultural Residue Utilization: Initiatives are emerging to use agricultural waste as feedstock for furfural production, promoting sustainability and reducing reliance on fossil fuels.
  • Technological Improvements in Catalysts: Advances in catalyst development are improving furfural production efficiency, leading to higher outputs and lower costs.
  • Regulatory Compliance and Adaptation: The furfural industry is adapting to stricter environmental laws by implementing more eco-friendly manufacturing processes, ensuring competitiveness in the market.
  • Emerging Market Demand: Furfural is increasingly being utilized in new markets, particularly in Asia, prompting companies to expand production facilities and distribution channels to meet growing demand.

These developments enhance production efficiency, widen application ranges, and align with sustainability and compliance requirements.

Strategic Growth Opportunities for Furfural Market

Strategic growth opportunities in the furfural market include:

  • Pharmaceuticals: Furfural's unique chemical properties make it valuable in drug production, offering the potential for developing new pharmaceuticals and intermediates.
  • Agrochemicals: The use of furfural in agrochemicals, including pesticides and herbicides, presents growth potential, especially as agricultural productivity increases.
  • Biofuels: Furfural's renewability and energy content make it a promising additive in biofuels, with opportunities for producing environmentally acceptable, furfural-based biofuels.
  • Advanced Materials: Growth avenues exist in the production of polymers and resins from furfural, benefiting from sustainability advantages in the petrochemical and polymer industries.
  • Renewable Feedstocks: Utilizing biomass feedstocks, such as agricultural residues, for furfural production aligns with sustainability goals, offering opportunities for improved productivity and reduced environmental footprints.

These growth opportunities broaden applications, facilitate modernization, and contribute to ecological sustainability processes within the furfural market.

Furfural Market Driver and Challenges

At the same time, within the furfural market, there are various drivers and challenges:

The factors responsible for driving the furfural market include:

  • Technological Advancements: New technologies for production, such as better catalysts and processes, make furfural production more efficient and cheaper. Such developments enhance market growth by maximizing yield and lowering costs.
  • Sustainability Initiatives: Increasing focus on sustainability and green chemistry is a key factor propelling bio-based bio-sourced and eco-friendly furfurals. This trend is in line with the global efforts to decrease the effects of pollution and use renewable resources.
  • Diversified Applications: This increased use of furfural in pharmaceuticals, agrochemicals, and advanced materials is providing new avenues of the market. This diversification is beneficial for market growth through new applications and sectors.
  • Agricultural Residues as Feedstock: Raw materials like agricultural residues for furfural production encourage sustainability while also making waste management more efficient. This also increases the economic feasibility of creating furfural by using renewable resources.
  • Increase in Demand from Emerging Markets: The process of industrialization and urbanization in emerging economies especially in Asia has increased the demand for furfural. Such a trend brings forth hopeful opportunities for expansion of the market and investment in the production capacity.

Challenges in the furfural market are:

  • High Production Costs: The complex processes and the raw materials for furfural production can have a significant impact on the price. It is a challenge for the manufacturers to control these costs while at the same time keeping the product quality at a required level.
  • Regulatory Compliance: The environmental regulations have become more or less stringent which forces many manufacturers to implement "cleaner" methods of production and new technologies. Compliance facilitates costs and does not end but continues to demand technological and methodological investments.
  • Market Competition: In the furfural industry, competition is quite high and it influences price and profitability. For them to stay in business, they need to alter the methods of innovativeness, quality, and cost management to be competitive in the market.

It is these drivers and the challenges that are defining the specific furfural markets in terms of production practices, market dynamics, and growth opportunities. The changes in the industry are forward-looking to meet these challenges and benefits from the emerging prospects.

List of Furfural Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies furfural companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the furfural companies profiled in this report include-

  • Illovo Group
  • Linzi Organic Chemical
  • Trans Furans Chemicals bvba
  • Central Romana Corporation
  • DalinYebo
  • Hebeichem
  • KRBL

Furfural by Segment

The study includes a forecast for the global furfural market by raw material, application, end use industry, and region.

Furfural Market by Raw Material [Analysis by Value from 2019 to 2031]:

  • Corn Cobs
  • Sugarcane Bagasse
  • Sunflower Hull
  • Rice Husk
  • Others

Furfural Market by Application [Analysis by Value from 2019 to 2031]:

  • Furfuryl Alcohol
  • Solvent
  • Intermediate
  • Others

Furfural Market by End Use Industry [Analysis by Value from 2019 to 2031]:

  • Agriculture
  • Paints & Coatings
  • Pharmaceuticals
  • Food & Beverage
  • Refineries
  • Others

Furfural Market by Region [Analysis by Value from 2019 to 2031]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

Country Wise Outlook for the Furfural Market

The furfural market is evolving due to advancements in production technology, increased applications, and changing global demands. Recent developments in key regions include:

  • United States: The U.S. furfural market is gradually integrating new technologies, particularly catalytic processes, to enhance yield and reduce costs. There is also a renewed focus on furfural's role as a bio-solvent and in the biofuel sector.
  • China: China remains a leading furfural producer, emphasizing output enhancement and streamlining production processes. The strategy focuses on utilizing agricultural residues, and addressing biomass utilization challenges.
  • Germany: Germany is advancing furfural applications in green chemistry, with recent developments in producing polymeric and resin materials from furfural gaining traction in the automotive and construction sectors.
  • India: India is increasingly focused on improving production technology and infrastructure for furfural, with an emphasis on meeting domestic market needs, particularly in pharmaceuticals and agrochemicals.
  • Japan: Japan has demonstrated furfural's utility in drug formulation and device applications, with ongoing enhancements in catalysts and processes aimed at improving efficiency and reducing environmental impacts.

Features of the Global Furfural Market

Market Size Estimates: Furfural market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Furfural market size by raw material, application, end use industry, and region in terms of value ($B).

Regional Analysis: Furfural market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different raw materials, applications, end use industries, and regions for the furfural market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the furfural market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

This report answers following 11 key questions:

  • Q.1. What are some of the most promising, high-growth opportunities for the furfural market by raw material (corn cobs, sugarcane bagasse, sunflower hull, rice husk, and others), application (furfuryl alcohol, solvent, intermediate, and others), end use industry (agriculture, paints & coatings, pharmaceuticals, food & beverage, refineries, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Q.2. Which segments will grow at a faster pace and why?
  • Q.3. Which region will grow at a faster pace and why?
  • Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • Q.5. What are the business risks and competitive threats in this market?
  • Q.6. What are the emerging trends in this market and the reasons behind them?
  • Q.7. What are some of the changing demands of customers in the market?
  • Q.8. What are the new developments in the market? Which companies are leading these developments?
  • Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Furfural Market : Market Dynamics

  • 2.1: Introduction, Background, and Classifications
  • 2.2: Supply Chain
  • 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

  • 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
  • 3.2. Global Furfural Market Trends (2019-2024) and Forecast (2025-2031)
  • 3.3: Global Furfural Market by Raw Material
    • 3.3.1: Corn Cobs
    • 3.3.2: Sugarcane Bagasse
    • 3.3.3: Sunflower Hull
    • 3.3.4: Rice Husk
    • 3.3.5: Others
  • 3.4: Global Furfural Market by Application
    • 3.4.1: Furfuryl Alcohol
    • 3.4.2: Solvent
    • 3.4.3: Intermediate
    • 3.4.4: Others
  • 3.5: Global Furfural Market by End Use Industry
    • 3.5.1: Agriculture
    • 3.5.2: Paints & Coatings
    • 3.5.3: Pharmaceuticals
    • 3.5.4: Food & Beverage
    • 3.5.5: Refineries
    • 3.5.6: Others

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

  • 4.1: Global Furfural Market by Region
  • 4.2: North American Furfural Market
    • 4.2.1: North American Furfural Market by Raw Material: Corn Cobs, Sugarcane Bagasse, Sunflower Hull, Rice Husk, and Others
    • 4.2.2: North American Furfural Market by End Use Industry: Agriculture, Paints & Coatings, Pharmaceuticals, Food & Beverages, Refineries, and Others
  • 4.3: European Furfural Market
    • 4.3.1: European Furfural Market by Raw Material: Corn Cobs, Sugarcane Bagasse, Sunflower Hull, Rice Husk, and Others
    • 4.3.2: European Furfural Market by End Use Industry: Agriculture, Paints & Coatings, Pharmaceuticals, Food & Beverages, Refineries, and Others
  • 4.4: APAC Furfural Market
    • 4.4.1: APAC Furfural Market by Raw Material: Corn Cobs, Sugarcane Bagasse, Sunflower Hull, Rice Husk, and Others
    • 4.4.2: APAC Furfural Market by End Use Industry: Agriculture, Paints & Coatings, Pharmaceuticals, Food & Beverages, Refineries, and Others
  • 4.5: ROW Furfural Market
    • 4.5.1: ROW Furfural Market by Raw Material: Corn Cobs, Sugarcane Bagasse, Sunflower Hull, Rice Husk, and Others
    • 4.5.2: ROW Furfural Market by End Use Industry: Agriculture, Paints & Coatings, Pharmaceuticals, Food & Beverage, Refineries, and Others

5. Competitor Analysis

  • 5.1: Product Portfolio Analysis
  • 5.2: Operational Integration
  • 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

  • 6.1: Growth Opportunity Analysis
    • 6.1.1: Growth Opportunities for the Global Furfural Market by Raw Material
    • 6.1.2: Growth Opportunities for the Global Furfural Market by Application
    • 6.1.3: Growth Opportunities for the Global Furfural Market by End Use Industry
    • 6.1.4: Growth Opportunities for the Global Furfural Market by Region
  • 6.2: Emerging Trends in the Global Furfural Market
  • 6.3: Strategic Analysis
    • 6.3.1: New Product Development
    • 6.3.2: Capacity Expansion of the Global Furfural Market
    • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Furfural Market
    • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

  • 7.1: Illovo Group
  • 7.2: Linzi Organic Chemical
  • 7.3: Trans Furans Chemicals bvba
  • 7.4: Central Romana Corporation
  • 7.5: DalinYebo
  • 7.6: Hebeichem
  • 7.7: KRBL