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Transparency Market Research Furfural Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023

Published Date 09-Dec-2015

139 Page Report

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Press Release

Global Furfural Market to Develop at 13.1% CAGR from 2015 to 2023 : TMR

Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com


Furfural Market

REPORT DESCRIPTION

Furfural Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 Transparency Market Research has published a market study on the global furfural market for the 2015-2023 period. The report, titled “Furfural Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023,” states that the global furfural market will rise at an impressive 13.1% CAGR from 2015 to 2023. This will result in the market’s valuation increasing from US$450.0 mn in 2014 to US$1.3 bn by 2023. Furfural is a reddish-brown organic compound that can be derived from a number of agricultural byproducts such as oat, corncobs, wheat bran, and sawdust. With a flash point of 140 °F, furfural is denser than water and is miscible in water. It is toxic if ingested or if it comes in contact with the human system through skin absorption or inhalation. View Exclusive Global Strategic Business Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10 57 Rising awareness about the utilization of renewable materials in place of petrochemicals across various industry verticals is driving the furfural market. Environmental deterioration due to the use of petrochemical resources has compelled manufacturers to switch to renewable alternatives such as biomass-based platform chemicals. This has bolstered the usability of furfural for the production of biofuels and biochemicals. Furfural offers excellent physical and chemical properties of thermosetting, corrosion resistance, and physical strength. Furfural is a naturally sourced precursor for a wide range of furfural-based solvents and chemicals such as methylyfuran, tetrahydrofurfuryl alcohol, methyltetrahydrofuran, furoic acid, furfuryl alcohol, tetrahydrofuran, and dihydropyran. With increasing applications of furfural, the furfural market has expanded handsomely in the last few years. However, factors such as inefficient production process leading to low product yield are a restraint on the market’s growth. This in turn leads to high operating costs, resulting in high cost of the final product. Due to these reasons, furfural has limited commercial applications. On the contrary, new

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techniques resulting in high yield and low cost will lead to higher utilization of the product in industries. Browse The Full Article Here: http://www.transparencymarketresearch.com/furfuralmarket.html By application, furfuryl alcohol was the dominant segment and held a share of more than 80% in the global market in 2014. The application is expected to display the fastest growth in this market during the forecast period. It is used in resins as a binder in the foundry industry. Furfuryl alcohol offers excellent mechanical strength and binding properties as needed in the cores and sand molds of foundries. Solvents are also a key application of furfural. Furfural is used as an intermediate substance during the production of refractory materials, in butadiene extraction due to its physical properties, and resinbonded grinding wheels. In pharmaceutical applications, furfural is used in the manufacture of active pharmaceutical ingredients and alternate pharmaceutical intermediaries. The top companies that operate in the global furfural market are Arcoy Biorefinery Pvt. Ltd., KRBL Ltd., Linzi Organic Chemical Inc. Ltd., Penn A Kem LLC, Tanin Senvica d.d.,., Central Romana Corporation Ltd., Illovo Sugar Ltd., Lenzing AG, Nutrafr S.A., Silvateam S.p.a., and Tieling North Furfural (Group) Co. Ltd.

Browse The Press Release For Report: http://www.transparencymarketresearch.com/pressrelease/global-furfuralmarket.htm TABLE OF CONTENT

Chapter 1 Preface 1.1 Report Description 1.2 Report Scope 1.3 Assumptions 1.4 Market Segmentation 1.5 Research methodology

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Chapter 2 Executive Summary 2.1 Global Furfural Market, 2014–2023 (Kilo Tons) (US$ Mn) 2.2 Global Furfural Market: Snapshot Chapter 3 Industry Analysis 3.1 Introduction 3.2 Industrial Development of Furfural 3.3 Value Chain Analysis 3.4 Market Drivers 3.3.1 Driver 1 - Environmental Awareness to Replace Fossil Resources with Renewable Alternatives to Boost Furfural Market 3.3.2 Driver 2 - Rising Applications in Various End User Industries to Drive Demand for Furfural 3.3.3 Driver 3 - Increasing Demand for Furfural in Pharmaceuticals Industry to Propel Market Growth 3.4 Restraints 3.4.1 Restraints 1 - Inefficient Production Process Leading to Low Yield and High Product Cost 3.5.1 Opportunity 1 - Improvement in Current Production Processes to Improve Yield and Reduce Product Cost Would Facilitate Higher Penetration in Application Industries 3.6 Porter’s Five Forces Analysis 3.7 Global Furfural Market Attractiveness, by Application, 2014 3.8 Global Furfural Market Attractiveness, by Country, 2014 3.9 Global Furfural Market Share by Company, 2014 Chapter 4 Manufacturing Process and Price Trend Analysis 4.1 Manufacturing Processes 4.2 Furfural Price Trend Analysis Chapter 5 Furfural Market – Application Analysis 5.1 Furfural Market: Application Overview 5.1.1 Global Furfural Market for Furfuryl Alcohol, 2014–2023 (Tons) (US$ Thousand) 5.1.2 Global Furfural Market for Solvents, 2014–2023 (Tons) (US$ Thousand) 5.1.3 Global Furfural Market for Pharmaceuticals, 2014–2023 (Tons) (US$ Thousand)

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5.1.4 Global Furfural Market for Chemical Intermediates, 2014–2023 (Tons) (US$ Thousand) 5.1.5 Global Furfural Market for Others, 2014–2023 (Tons) (US$ Thousand) Chapter 6 Global Furfural Market - Regional Analysis 6.1 Furfural Market: Regional Overview 6.2 North America Furfural Market, by Regional Sub-segment, 2014–2023 6.2.1 North America Furfural Market, By Application, 2014–2023 (Tons) 6.2.2 North America Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.2.3 US Furfural Market, By Application, 2014–2023 (Tons) 6.2.4 US Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.2.5 Rest of North America Furfural Market, By Application, 2014–2023 (Tons) 6.2.6 Rest of North America Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3 Europe Furfural Material Market, by Regional Sub-segment, 2014–2023 6.3.1 Europe Furfural Market, By Application, 2014–2023 (Tons) 6.3.2 Europe Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3.3 UK Furfural Market, By Application, 2014–2023 (Tons) 6.3.4 UK Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3.5 Germany Furfural Market, By Application, 2014–2023 (Tons) 6.3.6 Germany Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3.7 France Furfural Market, By Application, 2014–2023 (Tons) 6.3.8 France Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3.9 Spain Furfural Market, By Application, 2014–2023 (Tons) 6.3.10 Spain Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3.11 Italy Furfural Market, By Application, 2014–2023 (Tons) 6.3.12 Italy Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.3.13 Rest of Europe Furfural Market, By Application, 2014–2023 (Tons) 6.3.14 Rest of Europe Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.4 Asia Pacific Furfural Market, by Regional Sub-segment, 2014–2023 6.4.1 Asia Pacific Furfural Market, By Application, 2014–2023 (Tons) 6.4.2 Asia Pacific Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.4.3 China Furfural Market, By Application, 2014–2023 (Tons)

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6.4.4 China Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.4.5 Japan Furfural Market, By Application, 2014–2023 (Tons) 6.4.6 Japan Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.4.7 ASEAN Furfural Market, By Application, 2014–2023 (Tons) 6.4.8 ASEAN Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.4.9 Rest of Asia Pacific Furfural Market, By Application, 2014–2023 (Tons) 6.4.10 Rest of Asia Pacific Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.5 Latin America Furfural Market, by Regional Sub-segment, 2014–2023 6.5.1 Latin America Furfural Market, By Application, 2014–2023 (Tons) 6.5.2 Latin America Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.5.3 Brazil Furfural Market, By Application, 2014–2023 (Tons) 6.5.4 Brazil Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.5.5 Rest of Latin America Furfural Market, By Application, 2014–2023 (Tons) 6.5.6 Rest of Latin America Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.6 Middle East & Africa Furfural Market, by Regional Sub-segment, 2014–2023 6.6.1 Middle East & Africa Furfural Market, By Application, 2014–2023 (Tons) 6.6.2 Middle East & Africa Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.6.3 GCC Furfural Market, By Application, 2014–2023 (Tons) 6.6.4 GCC Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.6.5 South Africa Furfural Market, By Application, 2014–2023 (Tons) 6.6.6 South Africa Furfural Market, By Application, 2014–2023 (US$ Thousand) 6.6.7 Rest of Middle East & Africa Furfural Market, By Application, 2014–2023 (Tons) 6.6.8 Rest of Middle East & Africa Furfural Market, By Application, 2014–2023 (US$ Thousand) Browse All Chemical Market Research Reports: http://www.transparencymarketresearch.com/chemical-market-reports-2.html

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About Us

Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Global Furfural Market To Reach $1,355.1 Mn By 2023