市場調查報告書
商品編碼
1463390
全球糠醛市場規模、佔有率、成長分析,依製程(中國間歇法和桂格間歇法)、最終用戶(藥品、香精香料)- 2024-2031 年產業預測Global Furfural Market Size, Share, Growth Analysis, By Process(Chinese Batch Process and Quaker Batch Process), By End-User(Pharmaceuticals, Flavors and Fragrances) - Industry Forecast 2024-2031 |
2022年全球糠醛市場規模為5.5674億美元,預計將從2023年的5.9571億美元成長到2031年的10.2354億美元,預測期內(2024-2031年)複合年成長率為7%。
糠醛主要用作溶劑和許多其他化合物和材料的前體,例如塑膠、藥物和呋喃樹脂。在烹飪行業中,糠醛經常被用作調味添加劑,特別是在咖啡和烘焙食品中。它的商業生產涉及透過酸催化對戊糖(包括木糖)進行脫水,木糖可以從甘蔗渣和玉米芯等農業廢物中提取。由於中國和印度等國家對糠醛的需求不斷成長,預計亞太地區將控制全球市場。據分析,原料的供應和多個最終用途行業的存在是糠醛市場在該領域擴張的主要驅動力。預計北美和歐洲的糠醛市場將大幅成長。報告稱,製藥業不斷成長的需求正在推動該領域糠醛市場的擴張。報導稱,該地區的食品和飲料產業正在推動糠醛的需求,這是造成這項發展的原因。
預計糠醛的主要最終用途行業之一是製藥業。論文稱,這是因為糠醛擴大用於製造抗生素、抗瘧藥和抗癌藥物。糠醛的另一個主要最終用途市場預計將是食品和飲料行業。報告稱,對天然和有機食品添加劑不斷成長的需求推動了這一特定領域糠醛市場的成長。糠醛已被美國食品藥物管理局 (FDA) 和世界衛生組織 (WHO) 歸類為潛在的人類致癌物,並制定了其暴露限值。近年來,由於糠醛作為調味成分和生物燃料製造的應用日益廣泛,其市場穩步成長。然而,替代溶劑的出現和國際機構更嚴格的法規預計將導致糠醛市場下降。同類最佳。
Global Furfural Market size was valued at USD 556.74 million in 2022 and is poised to grow from USD 595.71 million in 2023 to USD 1023.54 million by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).
Furfural is mostly employed as a solvent and a precursor to a number of other compounds and materials, such as plastics, medicines, and furan resins. In the culinary business, furfural is frequently utilized as a flavoring additive, especially in coffee and baked goods. Commercial production of it involves the dehydration of pentose sugars, including xylose, which can be derived from agricultural waste like bagasse and maize cobs, by means of acid catalysis. Because of the rising demand for furfural from nations like China and India, the Asia-Pacific area is predicted to control the global market. According to the analysis, the availability of raw materials and the existence of several end-use industries are the primary drivers of the furfural market's expansion in this area. The furfural market is anticipated to increase significantly in both North America and Europe. The growing demand from the pharmaceutical industry is driving the expansion of the furfural market in this area, according to the report. According to the report, the region's food and beverage industry is driving up demand for furfural, which is responsible for this development.
One of the main furfural end-use industries is anticipated to be the pharmaceutical sector. According to the paper, this is because furfural is being used more and more in the manufacturing of antibiotics, antimalarials, and anticancer medications. Another major end-use market for furfural is anticipated to be the food and beverage sector. According to the report, the growing demand for natural and organic food additives is what is propelling the furfural market's rise in this particular area. Furfural has been categorized as a potential human carcinogen by the Food and Drug Administration (FDA) and the World Health Organization (WHO), who have established exposure limits for it. The market for furfural has grown steadily in recent years as a result of its growing application as a flavoring ingredient and in the manufacturing of biofuels. However, the availability of substitute solvents and more stringent regulations from international agencies are predicted to cause a fall in the market for furfural. Best of Class.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Furfural Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Furfural Market Segmental Analysis
The Global Furfural market is segmented by process, and end-user. Based on process, the Furfural Markett can be segmented into Chinese Batch Process and Quaker Batch Process. Based on end-user, the market can be segmented into Pharmaceuticals, Flavors and Fragrances, Agriculture, and Plastics and Resins. Based on region, the Furfural Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Drivers of the Global Furfural Market
Furfural's use as a renewable and ecologically friendly chemical is one of the main factors driving the industry. Furfural is produced from commonly accessible and plentiful agricultural waste, such as maize cobs, sugarcane bagasse, and oat husks. Furfural emits less hazardous emissions and has a smaller carbon footprint than conventional petrochemical-based solvents. Furfural has become more in demand as a result in a number of industries, including chemicals, food & beverage, and medicines. Furfural's expanding range of uses, including the synthesis of biofuels and bioplastics, is also anticipated to propel market expansion in the upcoming years.
Restraints in the Global Furfural Market
In order to create bio-based/green chemicals that adhere to the 12 principles of green chemistry, chemical companies are implementing sustainable production techniques. This has been made feasible by the application of biotechnological techniques like fermentation, biocatalysis, and enzymatic processes. The market for these products has expanded as a result of the move towards green chemicals. Manufacturers of green chemicals are building new factories and boosting their production capacity to suit the growing demand. Additionally, they are optimizing their manufacturing and distribution networks to guarantee convenient market accessibility. In this market, strategic alliances, mergers, and acquisitions are essential for businesses looking to improve their position. Manufacturers and suppliers of raw materials are greatly impacted by the financial and operational actions of end customers. The market for furfural has grown as a result of company sustainability initiatives, the expansion of the green chemistry industry, and the creation of new value chains based on biotechnology.
Market Trends of the Global Furfural Market
Due to rising consumer demand for bio-based and renewable chemical products, the global furfural market is expanding significantly. A byproduct of agricultural waste, furfural is widely utilized as a flavoring agent, solvent, and precursor to many other compounds. Demand from end-use sectors like pharmaceuticals, agrochemicals, and food and beverage is surging in the industry. Further fueling the demand for furfural-based products is the growing trend towards eco-friendly products and sustainable development. In the upcoming years, the market is anticipated to expand significantly due to rising investments in R&D and the introduction of novel furfural-based products.