Furfural Market

Furfural Market (Raw Material: Corncobs, Oat Hulls, Cottonseed Hulls, Rice Hulls, Bagasse, and Others; and Application: Solvent, Flavoring Additive, Chemical Intermediate, Drug Intermediate, Pesticide, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Furfural Market Outlook 2031

  • The global furfural market was valued at US$ 480.2 Mn in 2021
  • It is estimated to grow at a CAGR of 5.6% from 2022 to 2031
  • The global furfural market is expected to reach US$ 817.9 Mn by the end of 2031

Analysts’ Viewpoint on Furfural Market Scenario

Rise in adoption of furfural to synthesize a wide range of industrial chemicals, such as solvents, resins, plastics, and furan derivatives, is driving the global furfural market. Furfural is versatile as a starting material for chemical synthesis. Furfuryl alcohol is the most important chemical derived from furfural, with a broad spectrum of applications in the chemical industry. It is primarily used for the production of resins for use as high-quality cores and molds for metal casting in the foundry industry and as a chemical building block for the synthesis of tetrahydrofurfuryl alcohol (THFA). However, there is still no well-defined process to get a high yield of furfural, which is prompting market players to invest in R&D activities in order to increase the production of furfural and enhance their revenue streams.

Furfural Market

Global Furfural Market Introduction

Furfural is a liquid chemical compound produced from the hemicellulose fraction of vegetable matter. The chemical formula of furfural is C5H4O2. It is a heterocyclic compound consisting of a furan ring (four carbon atoms and one oxygen atom) that contains an aldehyde group. In nature, the furan ring is commonly found as a component of the sucrose molecule. Hydroxymethylfurfural and hydroxymethylfurfural, formed by the dehydration of reducing sugars, also consist of a furan ring, containing both aldehyde and alcohol functional groups.

Furfural is primarily utilized in the production of furfuryl alcohol. It is also used as a solvent in the extraction of lubricating oils and butadiene, and as an intermediate in other applications. Production of next-generation transportation fuels and chemicals requires the deployment of new catalytic processes that transform biomass into valuable products under competitive conditions. Furfural has recently been emphasized as one of the top value-added chemicals produced in the lignocellulosic bio-refineries.

Increase in Adoption of Furfuryl Alcohol in Various Industries Augmenting Furfural Market

Furfuryl alcohol is the most extensively derived chemical from furfural, accounting for almost 80% of the total consumption of furfural. Basic raw materials required for the manufacture of furfuryl alcohol are waste vegetable materials such as sugarcane bagasse, oat hulls, corncobs, and rice hulls. Furfuryl alcohol is primarily employed as a monomer for the synthesis of furan resins for bonding foundry sands for the production of cores and molds such as hot box, warm box, and gas-hardened processes, as well as in the traditional furan-no-bake system.

Furfuryl alcohol is also used for joining corrosion-resistant tiles or bricks in the fabrication of reactors, storage tanks, fume stacks, and floors. It is employed as a chemical building block for pharmaceutical drug synthesis, especially Ranitidine, a medication used to decrease stomach acid production. Furfuryl is used as a solvent in petrochemical refining, paint stripper and cleaning compound formulation, lubricating oil refining, and as a fungicide and weed killer.

Rise in Need for Renewable Alternatives to Fossil Fuel Resources

Increase in concerns regarding the adverse effects of fossil resources on the environment has propelled the need for renewable alternatives. Furfural has been gaining renewed attention as a potential platform chemical for the production of biofuels and bio-chemicals from biomass due to its low cost and abundance. A study supported by the U.S. Department of Energy has selected furfural as one of the top 30 platform chemicals that can be derived from biomass. Sustainable furfural applications can include bioplastics and aromatics. Furfural can be used to produce bioplastics PEF (polyethylene furanoate), an alternative to polyethylene terephthalate (PET) and bio-PET for soft drink bottles, offering enhanced functionalities. Furthermore, in the paints & coatings industry, raw material furfural, made from bagasse biomass, can be converted into a chemical compound called aromatics, a full-fledged alternative to fossil aromatics used in paint.

Furfural possesses attractive thermosetting properties, physical strength, and corrosion resistance. It is also a natural precursor to a range of furan-based chemicals and solvents. These include methyl furan, tetrahydrofuran, methyl-tetrahydrofuran, dihydrofuran, and furoic acid. Yield and production of furfural and its derivatives need to improve significantly for the chemical to compete with petroleum-based products. Various companies are engaged in R&D activities to boost the yield of furfural. International Furan Technology (Pty) Ltd. has developed a new technology to produce furfural, which leads to better yields and lower steam consumption than the traditional process. Currently, the technology is available in two plants across the globe. Firstly, at Proserpine (Australia) and secondly, at Panoli (India). This technology is anticipated to help lower the cost of furfural by increasing productivity, which in turn is estimated to gain wide acceptance in the market in the near future.

Increase in Demand for Corncob for Furfural Production

In terms of raw material, the furfural market has been classified into corncobs, oat hulls, cottonseed hulls, rice hulls, bagasse, and others. The corncobs segment held prominent share of the furfural market in 2021, and it is anticipated to grow at a CAGR of 5.7% during the forecast period. Corncob is a renewable agricultural biomass that can be used as the most preferred raw material for the production of furfural, as it contains a high concentration of pentosane; up to 32%.

Regional Outlook of Global Furfural Market

According to the global market study on furfural, Asia Pacific dominated the global market in terms of value, and held 59.7% share in 2021. The region is anticipated to offer immense opportunities for players in the market during the forecast period, due to rise in the usage of solvents in various end-use industries.

Europe held 18.1% share of the global furfural market in 2021. The region is expected to remain highly lucrative during the forecast period, due to rapid industrialization and increase in adoption of a circular economy to replace products made from fossil fuels. North America held 9.3% share of the global market in 2021, and it is expected to grow at a CAGR of 5.4% during the forecast period. The furfural market in Latin America and Middle East & Africa is projected to grow at a sluggish pace during the forecast period.

Analysis of Key Players in Global Furfural Market

The global furfural market is highly consolidated, with a small number of large-scale vendors controlling majority of the share. The report highlights the furfural market overview and regional analysis. Most companies are investing significantly in comprehensive research and development activities, primarily to create environment-friendly products. Expansion of product portfolios and mergers & acquisitions are prominent strategies adopted by key players. Central Romana Corporation, TransFurans Chemicals bvba, Pennakem, LLC, Silvateam S.p.a., Illovo Sugar Africa (Pty) Ltd., Xingtai Chunlei Furfuryl Alcohol Co., Ltd., Lenzing AG, Behran Oil Co., Henan Huilong Chemical Co., Ltd., Hebei Furan International Co, Ltd., Hongye Holding Group Corporation Limited, and Shanxi Province Gaoping Chemical Industry Co., Ltd. are key entities operating in the market.

Key Developments in Global Furfural Market

  • In September 2022, Numaligarh Refinery Limited (NRL), based in Assam, India, announced plans to set up a US$ 212 Mn biorefinery unit to produce bioethanol from 5 MT of bamboo per annum. It has identified 25 local-level entrepreneurs who would set up bamboo chipping units close to the sources of the ‘golden grass’. These units would supply chipped or bone-dry bamboo for the refinery to produce 49 MT of ethanol, 11 MT of acetic acid, and 19 MT of furfural and other associated products.
  • In February 2021, Sappi started working on the development of a furfural pilot plant to be operational early in 2022 and, pending successful results and further approvals, Sappi may build a commercial furfural plant at the mill. The plant would be located at Sappi’s Saiccor Mill, in KwaZulu-Natal, South Africa, and use the co-product of the dissolving pulp process – hemicellulose sugars.
  • In June 2020, Origin Materials, a North America-based material development company, announced its commitment to the commercial manufacture of versatile and sustainable chemical 5-chloromethyl furfural (CMF). At a commercial scale, Origin’s process produces CMF with a high carbon-negative cradle-to-gate footprint.

Each of these players has been profiled in the furfural market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Furfural Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 480.2 Mn

Market Forecast Value in 2031

US$ 817.9 Mn

Growth Rate

(CAGR)

5.6%

Forecast Period

2022–2031

Historical Data Available for

2020

Quantitative Units

US$ Mn for Value & Tons for Volume

Market Analysis

It includes cross-segment analysis at the global as well as regional level. Furthermore, the qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Raw Material
    • Corncobs
    • Oat Hulls
    • Cottonseed Hulls
    • Rice Hulls
    • Bagasse
    • Others
  • Application
    • Solvent
    • Flavoring Additive
    • Chemical Intermediate
    • Drug Intermediate
    • Pesticide
    • Others
  • End-use
    • Petrochemical
    • Food & Beverages
    • Personal Care
    • Chemical
    • Pharmaceutical
    • Agriculture
    • Others

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia and CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC
  • South Africa

Companies Profiled

  • Central Romana Corporation
  • TransFurans Chemicals bvba
  • Pennakem, LLC 
  • Silvateam S.p.a.
  • Illovo Sugar Africa (Pty) Ltd.
  • Xingtai Chunlei Furfuryl Alcohol Co., Ltd.
  • Lenzing AG
  • Behran Oil Co.
  • Henan Huilong Chemical Co., Ltd.
  • Hebei Furan International Co, Ltd.
  • Hongye Holding Group Corporation Limited
  • Shanxi Province Gaoping Chemical Industry Co., Ltd.
  • Others

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the furfural market in 2021?

The furfural market stood at US$ 480.2 Mn in 2021

How is the market expected to grow by 2031?

The furfural market is expected to grow at a CAGR of 5.6% from 2022 to 2031

What are the key drivers of the furfural market?

Increase in demand for furfuryl alcohol in various industries and rise in need for renewable alternatives to fossil fuel resources

Which was the largest segment of the furfural market in 2021?

Corncobs was the largest raw material segment that held 57.4% value share of the market in 2021

Which region was the most lucrative in the furfural market in 2021?

Asia Pacific was the most lucrative region and held 59.7% share of the global furfural market in 2021

Who are the prominent players in the furfural Market?

Central Romana Corporation, TransFurans Chemicals bvba, Pennakem, LLC, Silvateam S.p.a., Illovo Sugar Africa (Pty) Ltd., Xingtai Chunlei Furfuryl Alcohol Co., Ltd., Lenzing AG, Behran Oil Co., Henan Huilong Chemical Co., Ltd., Hebei Furan International Co, Ltd., Hongye Holding Group Corporation Limited, and Shanxi Province Gaoping Chemical Industry Co., Ltd.

1. Executive Summary

    1.1. Furfural Market Snapshot

    1.2. Current Market and Future Potential

2. Market Overview

    2.1. Market Segmentation

    2.2. Market Trends

    2.3. Market Dynamics

        2.3.1. Drivers

        2.3.2. Restraints

        2.3.3. Opportunities

    2.4. Porter’s Five Forces Analysis

    2.5. Regulatory Analysis

    2.6. Value Chain Analysis

        2.6.1. List of Furfural Manufacturers

        2.6.2. List of Potential Customer

3. COVID-19 Impact Analysis

4. Global Furfural Market Analysis and Forecast, by Raw Material, 2022–2031

    4.1. Introduction and Definitions

    4.2. Global Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        4.2.1. Corncobs

        4.2.2. Oat Hulls

        4.2.3. Cottonseed Hulls

        4.2.4. Rice Hulls

        4.2.5. Bagasse

        4.2.6. Others

    4.3. Global Furfural Market Attractiveness, by Raw Material

5. Global Furfural Market Analysis and Forecast, by Application, 2022–2031

    5.1. Introduction and Definitions

    5.2. Global Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        5.2.1. Solvent

        5.2.2. Flavoring Additive

        5.2.3. Chemical Intermediate

        5.2.4. Drug Intermediate

        5.2.5. Pesticide

        5.2.6. Others

    5.3. Global Furfural Market Attractiveness, by Application

6. Global Furfural Market Analysis and Forecast, End-use, 2022–2031

    6.1. Introduction and Definitions

    6.2. Global Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        6.2.1. Petrochemical

        6.2.2. Food & Beverages

        6.2.3. Personal Care

        6.2.4. Chemical

        6.2.5. Pharmaceutical

        6.2.6. Agriculture

        6.2.7. Others

    6.3. Global Furfural Market Attractiveness, by End-use

7. Global Furfural Market Analysis and Forecast, by Region, 2022–2031

    7.1. Key Findings

    7.2. Global Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Region, 2022–2031

        7.2.1. North America

        7.2.2. Europe

        7.2.3. Asia Pacific

        7.2.4. Latin America

        7.2.5. Middle East & Africa

    7.3. Global Furfural Market Attractiveness, by Region

8. North America Furfural Market Analysis and Forecast, 2022–2031

    8.1. Key Findings

    8.2. North America Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

    8.3. North America Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

    8.4. North America Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

    8.5. North America Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Country, 2022–2031

        8.5.1. U.S. Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        8.5.2. U.S. Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        8.5.3. U.S. Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        8.5.4. Canada Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        8.5.5. Canada Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        8.5.6. Canada Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

    8.6. North America Furfural Market Attractiveness Analysis

9. Europe Furfural Market Analysis and Forecast, 2022–2031

    9.1. Key Findings

    9.2. Europe Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

    9.3. Europe Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

    9.4. Europe Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

    9.5. Europe Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2022-2031

        9.5.1. Germany Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        9.5.2. Germany Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        9.5.3. Germany Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        9.5.4. France Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        9.5.5. France Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        9.5.6. France Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        9.5.7. U.K. Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        9.5.8. U.K. Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        9.5.9. U.K. Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        9.5.10. Italy Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        9.5.11. Italy. Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        9.5.12. Italy Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        9.5.13. Russia & CIS Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        9.5.14. Russia & CIS Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        9.5.15. Russia & CIS Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        9.5.16. Rest of Europe Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        9.5.17. Rest of Europe Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        9.5.18. Rest of Europe Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

    9.6. Europe Furfural Market Attractiveness Analysis

10. Asia Pacific Furfural Market Analysis and Forecast, 2022–2031

    10.1. Key Findings

    10.2. Asia Pacific Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material

    10.3. Asia Pacific Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

    10.4. Asia Pacific Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

    10.5. Asia Pacific Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2022-2031

        10.5.1. China Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        10.5.2. China Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        10.5.3. China Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        10.5.4. Japan Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        10.5.5. Japan Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        10.5.6. Japan Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        10.5.7. India Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        10.5.8. India Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        10.5.9. India Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        10.5.10. ASEAN Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        10.5.11. ASEAN Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        10.5.12. ASEAN Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        10.5.13. Rest of Asia Pacific Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        10.5.14. Rest of Asia Pacific Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        10.5.15. Rest of Asia Pacific Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

    10.6. Asia Pacific Furfural Market Attractiveness Analysis

11. Latin America Furfural Market Analysis and Forecast, 2022–2031

    11.1. Key Findings

    11.2. Latin America Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

    11.3. Latin America Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

    11.4. Latin America Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

    11.5. Latin America Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2022-2031

        11.5.1. Brazil Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        11.5.2. Brazil Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        11.5.3. Brazil Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        11.5.4. Mexico Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        11.5.5. Mexico Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        11.5.6. Mexico Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        11.5.7. Rest of Latin America Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        11.5.8. Rest of Latin America Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        11.5.9. Rest of Latin America Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

    11.6. Latin America Furfural Market Attractiveness Analysis

12. Middle East & Africa Furfural Market Analysis and Forecast, 2022–2031

    12.1. Key Findings

    12.2. Middle East & Africa Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

    12.3. Middle East & Africa Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

    12.4. Middle East & Africa Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

    12.5. Middle East & Africa Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2022-2031

        12.5.1. GCC Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        12.5.2. GCC Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        12.5.3. GCC Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        12.5.4. South Africa Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        12.5.5. South Africa Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        12.5.6. South Africa Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        12.5.7. Rest of Middle East & Africa Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Raw Material, 2022–2031

        12.5.8. Rest of Middle East & Africa Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2022–2031

        12.5.9. Rest of Middle East & Africa Furfural Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2022–2031

    12.6. Middle East & Africa Furfural Market Attractiveness Analysis

13. Competition Landscape

    13.1. Global Furfural Company Market Share Analysis, 2022

    13.2. Company Profiles (Details – Overview, Financials, Recent Developments, and Strategy)

        13.2.1. Central Romana Corporation

            13.2.1.1. Company Description

            13.2.1.2. Business Overview

            13.2.1.3. Financial Overview

            13.2.1.4. Strategic Overview

        13.2.2. TransFurans Chemicals bvba

            13.2.2.1. Company Description

            13.2.2.2. Business Overview

            13.2.2.3. Financial Overview

            13.2.2.4. Strategic Overview

        13.2.3. Pennakem, LLC

            13.2.3.1. Company Description

            13.2.3.2. Business Overview

            13.2.3.3. Financial Overview

            13.2.3.4. Strategic Overview

        13.2.4. Silvateam S.p.a.

            13.2.4.1. Company Description

            13.2.4.2. Business Overview

            13.2.4.3. Financial Overview

            13.2.4.4. Strategic Overview

        13.2.5. Illovo Sugar Africa (Pty) Ltd.

            13.2.5.1. Company Description

            13.2.5.2. Business Overview

            13.2.5.3. Financial Overview

            13.2.5.4. Strategic Overview

        13.2.6. Xingtai Chunlei Furfuryl Alcohol Co., Ltd.

            13.2.6.1. Company Description

            13.2.6.2. Business Overview

            13.2.6.3. Financial Overview

            13.2.6.4. Strategic Overview

        13.2.7. Lenzing AG

            13.2.7.1. Company Description

            13.2.7.2. Business Overview

            13.2.7.3. Financial Overview

            13.2.7.4. Strategic Overview

        13.2.8. Behran Oil Co.

            13.2.8.1. Company Description

            13.2.8.2. Business Overview

            13.2.8.3. Financial Overview

            13.2.8.4. Strategic Overview

        13.2.9. Henan Huilong Chemical Co., Ltd.

            13.2.9.1. Company Description

            13.2.9.2. Business Overview

            13.2.9.3. Financial Overview

            13.2.9.4. Strategic Overview

        13.2.10. Hebei Furan International Co., Ltd.

            13.2.10.1. Company Description

            13.2.10.2. Business Overview

            13.2.10.3. Financial Overview

            13.2.10.4. Strategic Overview

        13.2.11. Hongye Holding Group Corporation Limited

            13.2.11.1. Company Description

            13.2.11.2. Business Overview

            13.2.11.3. Financial Overview

            13.2.11.4. Strategic Overview

        13.2.12. Shanxi Province Gaoping Chemical Industry Co., Ltd.

            13.2.12.1. Company Description

            13.2.12.2. Business Overview

            13.2.12.3. Financial Overview

            13.2.12.4. Strategic Overview

14. Primary Research: Key Insights

15. Appendix

List of Tables

Table 1: Global Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 2: Global Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 3: Global Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 4: Global Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 5: Global Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 6: Global Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 7: Global Furfural Market Volume (Tons) Forecast, by Region, 2022–2031

Table 8: Global Furfural Market Value (US$ Mn) Forecast, by Region, 2022–2031

Table 9: North America Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 10: North America Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 11: North America Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 12: North America Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 13: North America Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 14: North America Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 15: North America Furfural Market Volume (Tons) Forecast, by Country, 2022–2031

Table 16: North America Furfural Market Value (US$ Mn) Forecast, by Country, 2022–2031

Table 17: U.S. Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 18: U.S. Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 19: U.S. Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 20: U.S. Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 21: U.S. Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 22: U.S. Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 23: Canada Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 24: Canada Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 25: Canada Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 26: Canada Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 27: Canada Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 28: Canada Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 29: Europe Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 30: Europe Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 31: Europe Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 32: Europe Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 33: Europe Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 34: Europe Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 35: Europe Furfural Market Volume (Tons) Forecast, by Country and Sub-region, 2022–2031

Table 36: Europe Furfural Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

Table 37: Germany Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 38: Germany Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 39: Germany Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 40: Germany Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 41: Germany Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 42: Germany Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 43: France Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 44: France Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 45: France Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 46: France Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 47: France Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 48: France Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 49: U.K. Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 50: U.K. Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 51: U.K. Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 52: U.K. Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 53: U.K. Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 54: U.K. Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 55: Italy Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 56: Italy Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 57: Italy Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 58: Italy Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 59: Italy Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 60: Italy Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 61: Spain Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 62: Spain Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 63: Spain Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 64: Spain Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 65: Spain Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 66: Spain Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 67: Russia & CIS Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 68: Russia & CIS Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 69: Russia & CIS Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 70: Russia & CIS Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 71: Russia & CIS Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 72: Russia & CIS Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 73: Rest of Europe Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 74: Rest of Europe Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 75: Rest of Europe Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 76: Rest of Europe Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 77: Rest of Europe Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 78: Rest of Europe Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 79: Asia Pacific Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 80: Asia Pacific Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 81: Asia Pacific Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 82: Asia Pacific Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 83: Asia Pacific Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 84: Asia Pacific Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 85: Asia Pacific Furfural Market Volume (Tons) Forecast, by Country and Sub-region, 2022–2031

Table 86: Asia Pacific Furfural Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

Table 87: China Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 88: China Furfural Market Value (US$ Mn) Forecast, by Raw Material 2022–2031

Table 89: China Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 90: China Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 91: China Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 92: China Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 93: Japan Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 94: Japan Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 95: Japan Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 96: Japan Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 97: Japan Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 98: Japan Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 99: India Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 100: India Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 101: India Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 102: India Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 103: India Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 104: India Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 105: India Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 106: India Furfural Market Value (US$ Mn) Forecast, by End-use 2022–2031

Table 107: ASEAN Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 108: ASEAN Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 109: ASEAN Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 110: ASEAN Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 111: ASEAN Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 112: ASEAN Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 113: Rest of Asia Pacific Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 114: Rest of Asia Pacific Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 115: Rest of Asia Pacific Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 116: Rest of Asia Pacific Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 117: Rest of Asia Pacific Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 118: Rest of Asia Pacific Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 119: Latin America Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 120: Latin America Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 121: Latin America Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 122: Latin America Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 123: Latin America Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 124: Latin America Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 125: Latin America Furfural Market Volume (Tons) Forecast, by Country and Sub-region, 2022–2031

Table 126: Latin America Furfural Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

Table 127: Brazil Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 128: Brazil Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 129: Brazil Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 130: Brazil Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 131: Brazil Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 132: Brazil Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 133: Mexico Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 134: Mexico Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 135: Mexico Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 136: Mexico Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 137: Mexico Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 138: Mexico Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 139: Rest of Latin America Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 140: Rest of Latin America Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 141: Rest of Latin America Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 142: Rest of Latin America Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 143: Rest of Latin America Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 144: Rest of Latin America Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 145: Middle East & Africa Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 146: Middle East & Africa Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 147: Middle East & Africa Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 148: Middle East & Africa Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 149: Middle East & Africa Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 150: Middle East & Africa Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 151: Middle East & Africa Furfural Market Volume (Tons) Forecast, by Country and Sub-region, 2022–2031

Table 152: Middle East & Africa Furfural Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

Table 153: GCC Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 154: GCC Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 155: GCC Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 156: GCC Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 157: GCC Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 158: GCC Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 159: South Africa Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 160: South Africa Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 161: South Africa Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 162: South Africa Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 163: South Africa Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 164: South Africa Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

Table 165: Rest of Middle East & Africa Furfural Market Volume (Tons) Forecast, by Raw Material, 2022–2031

Table 166: Rest of Middle East & Africa Furfural Market Value (US$ Mn) Forecast, by Raw Material, 2022–2031

Table 167: Rest of Middle East & Africa Furfural Market Volume (Tons) Forecast, by Application, 2022–2031

Table 168: Rest of Middle East & Africa Furfural Market Value (US$ Mn) Forecast, by Application, 2022–2031

Table 169: Rest of Middle East & Africa Furfural Market Volume (Tons) Forecast, by End-use, 2022–2031

Table 170: Rest of Middle East & Africa Furfural Market Value (US$ Mn) Forecast, by End-use, 2022–2031

List of Figures

Figure 1: Global Furfural Market Volume Share Analysis, by Raw Material, 2022, 2025, and 2031

Figure 2: Global Furfural Market Attractiveness, by Raw Material

Figure 3: Global Furfural Market Volume Share Analysis, by Application, 2022, 2025, and 2031

Figure 4: Global Furfural Market Attractiveness, by Application

Figure 5: Global Furfural Market Volume Share Analysis, by End-use, 2022, 2025, and 2031

Figure 6: Global Furfural Market Attractiveness, by End-use

Figure 7: Global Furfural Market Volume Share Analysis, by Region, 2022, 2025, and 2031

Figure 8: Global Furfural Market Attractiveness, by Region

Figure 9: North America Furfural Market Volume Share Analysis, by Raw Material, 2022, 2025, and 2031

Figure 10: North America Furfural Market Attractiveness, by Raw Material

Figure 11: North America Furfural Market Attractiveness, by Raw Material

Figure 12: North America Furfural Market Volume Share Analysis, by Application, 2022, 2025, and 2031

Figure 13: North America Furfural Market Attractiveness, by Application

Figure 14: North America Furfural Market Volume Share Analysis, by End-use, 2022, 2025, and 2031

Figure 15: North America Furfural Market Attractiveness, by End-use

Figure 16: North America Furfural Market Attractiveness, by Country

Figure 17: Europe Furfural Market Volume Share Analysis, by Raw Material, 2022, 2025, and 2031

Figure 18: Europe Furfural Market Attractiveness, by Raw Material

Figure 19: Europe Furfural Market Volume Share Analysis, by Application, 2022, 2025, and 2031

Figure 20: Europe Furfural Market Attractiveness, by Application

Figure 21: Europe Furfural Market Volume Share Analysis, by End-use, 2022, 2025, and 2031

Figure 22: Europe Furfural Market Attractiveness, by End-use

Figure 23: Europe Furfural Market Volume Share Analysis, by Country and Sub-region, 2022, 2025, and 2031

Figure 24: Europe Furfural Market Attractiveness, by Country and Sub-region

Figure 25: Asia Pacific Furfural Market Volume Share Analysis, by Raw Material, 2022, 2025, and 2031

Figure 26: Asia Pacific Furfural Market Attractiveness, by Raw Material

Figure 27: Asia Pacific Furfural Market Volume Share Analysis, by Application, 2022, 2025, and 2031

Figure 28: Asia Pacific Furfural Market Attractiveness, by Application

Figure 29: Asia Pacific Furfural Market Volume Share Analysis, by End-use, 2022, 2025, and 2031

Figure 30: Asia Pacific Furfural Market Attractiveness, by End-use

Figure 31: Asia Pacific Furfural Market Volume Share Analysis, by Country and Sub-region, 2022, 2025, and 2031

Figure 32: Asia Pacific Furfural Market Attractiveness, by Country and Sub-region

Figure 33: Latin America Furfural Market Volume Share Analysis, by Raw Material, 2022, 2025, and 2031

Figure 34: Latin America Furfural Market Attractiveness, by Raw Material

Figure 35: Latin America Furfural Market Volume Share Analysis, by Application, 2022, 2025, and 2031

Figure 36: Latin America Furfural Market Attractiveness, by Application

Figure 37: Latin America Furfural Market Volume Share Analysis, by End-use, 2022, 2025, and 2031

Figure 38: Latin America Furfural Market Attractiveness, by End-use

Figure 39: Latin America Furfural Market Volume Share Analysis, by Country and Sub-region, 2022, 2025, and 2031

Figure 40: Latin America Furfural Market Attractiveness, by Country and Sub-region

Figure 41: Middle East & Africa Furfural Market Volume Share Analysis, by Raw Material, 2022, 2025, and 2031

Figure 42: Middle East & Africa Furfural Market Attractiveness, by Raw Material

Figure 43: Middle East & Africa Furfural Market Volume Share Analysis, by Application, 2022, 2025, and 2031

Figure 44: Middle East & Africa Furfural Market Attractiveness, by Application

Figure 45: Middle East & Africa Furfural Market Volume Share Analysis, by End-use, 2022, 2025, and 2031

Figure 46: Middle East & Africa Furfural Market Attractiveness, by End-use

Figure 47: Middle East & Africa Furfural Market Volume Share Analysis, by Country and Sub-region, 2022, 2025, and 2031

Figure 48: Middle East & Africa Furfural Market Attractiveness, by Country and Sub-region

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