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市場調查報告書
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2041714

夫喃甲醇市場預測至2034年-按類型、原料、生產流程、應用、最終使用者和地區分類的全球分析

Furfural Market Forecasts to 2034 - 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 | 商品交期: 2-3個工作天內

價格

根據 Stratistics MRC 的數據,預計到 2026 年,全球夫喃甲醇市場規模將達到 7.937 億美元,並在預測期內以 9.2% 的複合年成長率成長,到 2034 年將達到 16.167 億美元。

夫喃甲醇是一種天然存在的有機化合物,來自玉米芯、甘蔗渣和木材等農產品。它常用於製造各種化學品、樹脂和溶劑。夫喃甲醇是一種用途廣泛的基礎原料,可用於合成藥物、除草劑和塑膠。由於其源自可再生生質能,環境友好,因此是石油基化學品的永續替代品。

根據印度品牌股權基金會 (IBEF) 的數據,印度農業部門對夫喃甲醇的消費量正在增加,例如,2022 年糠醛的消費量約佔 58.0%。

擴大政府促進生物基化學品發展的舉措

隨著人們對環境永續性和減少碳足跡的日益關注,世界各國政府都在鼓勵開發可再生替代傳統石油化學產品。夫喃甲醇作為一種由生質能原料生產的可再生且環境友善的化學品,非常適合這些努力。扶持性政策、補貼和強制性措施正在推動對夫喃甲醇生產和使用的投資,並促進市場成長。

環境問題

夫喃甲醇的環境問題主要集中在其生產過程及其對生態系的潛在影響。將生質能原料轉化為夫喃甲醇的過程通常需要使用酸和溶劑,這些物質會排放揮發性有機化合物(VOCs)和其他污染物。此類環境影響可能引起監管機構的關注,導致更嚴格的法規推出、合規成本增加、夫喃甲醇產品形象受損,最終阻礙市場成長和盈利。

不斷擴大的製藥和農業化學品產業

夫喃甲醇在多種藥物化合物和農業化學品(包括除草劑、殺菌劑和殺蟲劑)的合成中起著至關重要的中間體作用。隨著世界人口的成長和對醫藥及農產品需求的增加,醫藥和農業化學品產業在其生產過程中需要穩定的夫喃甲醇供應。這些產業的持續需求正在推動市場成長,刺激對夫喃甲醇生產基礎設施的投資,促進應用領域的創新,並最終擴大整個夫喃甲醇市場。

原物料價格波動

夫喃甲醇生產高度依賴生質能原料,例如玉米芯、甘蔗渣和木屑。受天氣、市場需求和地緣政治事件等因素影響,這些原料價格波動會擾亂夫喃甲醇生產商的生產成本和盈利。因此,原料價格波動會破壞市場穩定性,阻礙投資決策,並抑制夫喃甲醇產業的潛在成長機會。

新冠疫情的感染疾病

新冠疫情對夫喃甲醇市場產生了重大影響。全球供應鏈中斷、勞動力短缺和工業活動減少導致各終端用戶產業對夫喃甲醇的需求下降。此外,國際貿易和旅遊限制也擾亂了夫喃甲醇的供應和分銷網路。雖然疫情凸顯了生物基化學品在永續性中的重要性,但感染疾病帶來的迫在眉睫的經濟挑戰和市場不確定性對夫喃甲醇市場造成了顯著的負面影響,減緩了其成長動能。

在預測期內,生物基細分市場預計將成為最大的細分市場。

生物基領域預計將迎來蓬勃發展。生物基夫喃甲醇是一種可再生化學品,源自於農業殘餘物、木材和甘蔗渣等生質能原料。其生產過程涉及這些原料中所含戊糖的脫水反應。生物基糠醛具有可生物分解、碳足跡低、符合綠色化學原則等優點。隨著人們對環境問題的日益關注以及政府大力推廣生物基化學品,預計對生物基夫喃甲醇的需求將持續成長,從而推動創新。

在預測期內,糠醇生產領域預計將呈現最高的複合年成長率。

在預測期內,糠醇生產領域預計將呈現最高的複合年成長率。夫喃甲醇廣泛用於生產糠醇,糠醇是一種用途廣泛的化學品。糠醇是合成鑄造樹脂的關鍵原料,而鑄造樹脂是製造金屬鑄造業砂型鑄造模具所必需的。這些樹脂具有優異的耐熱性、尺寸穩定性和機械性能,使其成為各種鑄造應用的理想選擇。

市佔率最大的地區:

在亞太地區,夫喃甲醇市場展現出巨大的發展潛力,這主要得益於該地區強勁的工業化、農業和化工產業。快速的經濟成長和都市化正在推動夫喃甲醇在醫藥、化學和農業等多個領域的應用需求。中國和印度等主要農業大國的存在,確保了夫喃甲醇生產所需生質能原料的穩定供應。此外,日益增強的環保意識和政府推廣生物基化學品的舉措,也進一步刺激了市場成長。

複合年成長率最高的地區:

預計在預測期內,歐洲將呈現最高的複合年成長率。在歐洲,夫喃甲醇市場受益於多種因素的共同推動,包括嚴格的環境法規、對可再生化學品日益成長的需求以及生物基技術的進步。夫喃甲醇在醫藥、農業化學品和香料等領域的廣泛應用正在推動市場成長。此外,歐洲對永續性和可再生資源的重視與夫喃甲醇的環保特性相契合,進一步促進了市場擴張。

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目錄

第1章:執行摘要

第2章:引言

  • 概括
  • 相關利益者
  • 調查範圍
  • 調查方法
  • 研究材料

第3章 市場趨勢分析

  • 促進因素
  • 抑制因子
  • 機會
  • 威脅
  • 應用分析
  • 最終用戶分析
  • 新興市場
  • 新冠疫情的感染疾病

第4章:波特五力分析

  • 供應商的議價能力
  • 買方的議價能力
  • 替代品的威脅
  • 新進入者的威脅
  • 競爭公司之間的競爭

第5章:全球夫喃甲醇市場:依類型分類

  • 合成夫喃甲醇
  • 生物基夫喃甲醇

第6章:全球夫喃甲醇市場:依原料分類

  • 玉米芯
  • 甘蔗渣
  • 向日葵殼
  • 稻殼
  • 棉殼
  • 其他原料

第7章:全球夫喃甲醇市場:依工藝分類

  • 水解過程
  • 桂格燕麥片法
  • 蒸汽蒸餾
  • 酸催化劑法
  • 其他流程

第8章:全球夫喃甲醇市場:依應用領域分類

  • 溶劑
  • 糠醇的生產
  • 化學中間體
  • 其他用途

第9章 全球夫喃甲醇市場:依最終用戶分類

  • 農業
  • 油漆和塗料
  • 製藥
  • 食品/飲料
  • 煉油廠
  • 其他最終用戶

第10章 全球夫喃甲醇市場:依地區分類

  • 北美洲
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 義大利
    • 法國
    • 西班牙
    • 其他歐洲國家
  • 亞太地區
    • 日本
    • 中國
    • 印度
    • 澳洲
    • 紐西蘭
    • 韓國
    • 其他亞太國家
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 其他南美國家
  • 中東和非洲
    • 沙烏地阿拉伯
    • UAE
    • 卡達
    • 南非
    • 其他中東和非洲國家

第11章 主要發展

  • 合約、夥伴關係、合作關係、合資企業
  • 收購與併購
  • 新產品發布
  • 業務拓展
  • 其他關鍵策略

第12章:公司簡介

  • 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 $793.7 million in 2026 and is expected to reach $1616.7 million by 2034 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 2023, 2024, 2025, 2026, 2027, 2028, 2030, 2032 and 2034
  • 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 (2023-2034) ($MN)
  • Table 2 Global Furfural Market Outlook, By Type (2023-2034) ($MN)
  • Table 3 Global Furfural Market Outlook, By Synthetic Furfural (2023-2034) ($MN)
  • Table 4 Global Furfural Market Outlook, By Bio-based Furfural (2023-2034) ($MN)
  • Table 5 Global Furfural Market Outlook, By Raw Material (2023-2034) ($MN)
  • Table 6 Global Furfural Market Outlook, By Corncob (2023-2034) ($MN)
  • Table 7 Global Furfural Market Outlook, By Sugarcane Bagasse (2023-2034) ($MN)
  • Table 8 Global Furfural Market Outlook, By Sunflower Hull (2023-2034) ($MN)
  • Table 9 Global Furfural Market Outlook, By Rice Husk (2023-2034) ($MN)
  • Table 10 Global Furfural Market Outlook, By Cotton Hulls (2023-2034) ($MN)
  • Table 11 Global Furfural Market Outlook, By Other Raw Materials (2023-2034) ($MN)
  • Table 12 Global Furfural Market Outlook, By Process (2023-2034) ($MN)
  • Table 13 Global Furfural Market Outlook, By Hydrolysis Process (2023-2034) ($MN)
  • Table 14 Global Furfural Market Outlook, By Quaker Oats Process (2023-2034) ($MN)
  • Table 15 Global Furfural Market Outlook, By Steam Distillation Process (2023-2034) ($MN)
  • Table 16 Global Furfural Market Outlook, By Acid Catalysis (2023-2034) ($MN)
  • Table 17 Global Furfural Market Outlook, By Other Processes (2023-2034) ($MN)
  • Table 18 Global Furfural Market Outlook, By Application (2023-2034) ($MN)
  • Table 19 Global Furfural Market Outlook, By Solvent (2023-2034) ($MN)
  • Table 20 Global Furfural Market Outlook, By Furfuryl Alcohol Production (2023-2034) ($MN)
  • Table 21 Global Furfural Market Outlook, By Chemical Intermediate (2023-2034) ($MN)
  • Table 22 Global Furfural Market Outlook, By Other Applications (2023-2034) ($MN)
  • Table 23 Global Furfural Market Outlook, By End User (2023-2034) ($MN)
  • Table 24 Global Furfural Market Outlook, By Agriculture (2023-2034) ($MN)
  • Table 25 Global Furfural Market Outlook, By Paints & Coatings (2023-2034) ($MN)
  • Table 26 Global Furfural Market Outlook, By Pharmaceuticals (2023-2034) ($MN)
  • Table 27 Global Furfural Market Outlook, By Food & Beverages (2023-2034) ($MN)
  • Table 28 Global Furfural Market Outlook, By Refineries (2023-2034) ($MN)
  • Table 29 Global Furfural Market Outlook, By Other End Users (2023-2034) ($MN)

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