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Furfural Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Furfural Market – (By Raw Material - Sugarcane Bagasse, Corncob, Rice Husk and Others; By Application - Furfuryl Alcohol, Solvent, Resins, Gasoline Additives, and Others; By End User - Petroleum Refineries, Agricultural Formulations, Pharmaceuticals, Paints & Coatings, and Others; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 14-Mar-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0322166
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Furfural Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 508.38 Mn
Expected Revenue in 2027US$ 840.65 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR8.7%
Segments coveredBy Raw Material, Application, End User, and Region
Key CompaniesHebeichem, Hongye Holding Group Corporation Limited, Transfuran Chemicals, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

The Global Furfural Market was valued at US$ 508.38 Mn in 2021.

Global Furfural Market is estimated to expand at a CAGR of 8.7% over the forecast period.

Furfural is obtained from sugarcane bagasse, corncob, rice husk, sunflower hull, and other agriculture residues.

Furfural and its derivatives have been used as fungicides and nematicides, transportation fuels, furfuryl alcohols, gasoline additives, solvents, resins, decolorizing agents, and insecticides among others. 

The market is majorly driven by factors such as growing furfuryl alcohol demand from the various industries and rapid growth of construction industry in developing nations.

The outdated manufacturing technologies are majorly hindering the market growth.

Corncob is highly used raw material in the production of furfurals.

Furfuryl alcohol segment has the highest share in the Global Furfural Market in 2021.

Petroleum refineries are the major end users of Global Furfural Market in 2021.

Asia Pacific dominates the Global Furfural Market.

The key players in the Global Furfural Market are Hebeichem, Hongye Holding Group Corporation Limited, Shanghai Huiyingtong International Trading Co., Ltd., and KRBL among others.

COVID-19 had a negative impact on Global Furfural Market growth. The whole value chain ranging from raw material supply and manufacturing to marketing had been affected by the COVID-19 pandemic.

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