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市場調查報告書
商品編碼
1536944

夫喃甲醇:市場佔有率分析、產業趨勢與統計、成長預測(2024-2029)

Furfural - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

出版日期: | 出版商: Mordor Intelligence | 英文 120 Pages | 商品交期: 2-3個工作天內

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簡介目錄

夫喃甲醇市場規模預計到2024年為388.55千噸,預計到2029年將達到463.03千噸,在預測期內(2024-2029年)複合年成長率為3.57%。

糠醛市場

由於供應鏈中斷和工業活動減少,COVID-19 大流行最初擾亂了夫喃甲醇市場。然而,隨著全球經濟逐漸復甦,對夫喃甲醇的需求增加,特別是在醫藥、農業化、生質燃料等領域。對永續生物基化學品的興趣日益濃厚,推動了成長,夫喃甲醇源自於農業殘留物。

主要亮點

  • 從中期來看,糠醇需求的增加和工業化學品製造中夫喃甲醇用量的增加是推動市場成長的關鍵因素。
  • 然而,原物料價格的波動預計將阻礙市場成長。
  • 也就是說,擴大採用生物基化學品是夫喃甲醇市場的主要動力,因為來自生質能來源的夫喃甲醇正面臨著各行業對永續替代品不斷成長的需求,這是一個機會。
  • 在預測期內,亞太地區預計將佔據最大的市場佔有率,複合年成長率也最高。

夫喃甲醇市場趨勢

糠醇需求增加

  • 夫喃甲醇的主要用途是生產糠醇,這是在工業環境中透過夫喃甲醇在高壓下催化加氫完成的過程。
  • 糠醇是研究最深入的由夫喃甲醇製成的醫藥產品之一。糠醇是在 CuCr 催化劑存在下大規模生產的,但該過程對環境有負面影響。
  • 糠醇在黑色金屬鑄造廠,特別是砂芯和模具的生產中發揮重要作用。它廣泛應用於鑄鐵廠作為樹脂結合劑砂型鑄造過程中的黏合劑。糠醇與其他材料結合使用,有助於製造耐用且耐熱的模具,有助於提高黑色金屬零件生產中鑄件的精度和品質。
  • 根據美國人口普查局的預測,到 2024 年,美國代工收益預計將達到約 288 億美元,從而增強夫喃甲醇市場。
  • 根據德國聯邦統計局(Statistisches Bundesamt)統計,2022年德國藥品產值達374億歐元(405.8億美元),較上年資料錄得成長。
  • 此外,從農業廢棄物中提取的夫喃甲醇醇因其甜美的花香而被用於香料工業。其多才多藝的香氣使其成為香水中的寶貴成分,為香水成分增添深度和溫暖。
  • 根據化妝品、洗護用品和香料協會的數據,2022 年 12 月英國香水市場價值將達到 18.387 億英鎊(23.311 億美元),創下歷史資料最高值。
  • 糠醇廣泛用於塑膠和樹脂。根據中國國家統計局統計,2023年中國塑膠製品產量達7,489萬噸。
  • 亞太地區在糠醇消費和生產方面均佔市場的很大一部分,這是由於前面概述的因素造成的。因此,全球夫喃甲醇市場預計在預測期內將成長。

亞太地區主導市場

  • 預計在預測期內,亞太地區將佔據全球夫喃甲醇市場的最大佔有率。這是因為中國、印度和日本都在經歷經濟成長。
  • 中國是化學品製造中心,世界上生產的化學品大部分都是在中國製造的。它佔全球化學品銷售額的35%以上。許多市場領先公司在中國設有化工廠。隨著全球對各種生物基化學品的需求不斷成長,該行業對夫喃甲醇的需求預計在預測期內將成長。
  • 糠醇由於其作為溶劑的有效性以及增強某些農藥製劑的能力而常用於農藥生產。其化學特性使其適合用於農藥製劑,以提高穩定性和功效。
  • 根據中國國家統計局統計,2022年中國化學農藥產量達249.71萬噸,與去年資料基本持平。
  • 由於對化學品和農藥的需求不斷增加,印度的化學工業預計將成長。政府預測到 2025 年化學工業將達到 3,040 億美元,未來五年需求預計將以每年 9% 左右的速度成長,從而提供了這個機會。化工產業投資機會約7.0197億美元,其中投資前景約168個,計劃中約29個。
  • 化學工業在夫喃甲醇市場的成長中發揮重要作用。印度是全球第六大化學品生產國、亞洲第三大化學品生產國,佔印度GDP的7%,預計2025年將成長至3,040億美元,到2040年將成長至1兆美元。
  • 同樣,根據經濟產業省的數據,2022年日本香水和古龍水的庫存將達到103.8公斤,與前一年的資料相比大幅增加。
  • 由於這些因素,預計該地區的夫喃甲醇市場在未來幾年將穩定成長。

夫喃甲醇行業概況

夫喃甲醇市場已部分整合。市場主要參與者包括(排名不分先後)Central Romana Corporation、Illovo Sugar Africa (Pty) Ltd、KRBL、LENZING AG 和 Pennakem LLC。

其他好處:

  • Excel 格式的市場預測 (ME) 表
  • 3 個月的分析師支持

目錄

第1章簡介

  • 調查先決條件
  • 調查範圍

第2章調查方法

第3章執行摘要

第4章市場動態

  • 促進因素
    • 糠醇需求增加
    • 工業化學品製造需求增加
    • 其他
  • 抑制因素
    • 原物料價格波動
    • 其他阻礙因素
  • 產業價值鏈分析
  • 波特五力分析
    • 供應商的議價能力
    • 消費者議價能力
    • 新進入者的威脅
    • 替代品的威脅
    • 競爭程度

第5章市場區隔(市場規模)

  • 原料
    • 玉米
    • 稻殼
    • 棉殼
    • 甘蔗渣
    • 其他原料
  • 目的
    • 糠醇
    • 溶劑
    • 中間的
    • 其他用途
  • 地區
    • 亞太地區
      • 中國
      • 印度
      • 日本
      • 韓國
      • 馬來西亞
      • 泰國
      • 印尼
      • 越南
      • 其他亞太地區
    • 北美洲
      • 美國
      • 加拿大
      • 墨西哥
    • 歐洲
      • 德國
      • 英國
      • 法國
      • 義大利
      • 西班牙
      • 北歐的
      • 土耳其
      • 俄羅斯
      • 其他歐洲國家
    • 南美洲
      • 巴西
      • 阿根廷
      • 哥倫比亞
      • 南美洲其他地區
    • 中東/非洲
      • 沙烏地阿拉伯
      • 南非
      • 奈及利亞
      • 卡達
      • 埃及
      • 阿拉伯聯合大公國
      • 其他中東/非洲

第6章 競爭狀況

  • 併購、合資、聯盟、協議
  • 市場佔有率(%)**/排名分析
  • 主要企業策略
  • 公司簡介
    • Central Romana Corporation
    • Hongye Holding Group Corporation Limited
    • Illovo Sugar Africa(Pty)Ltd
    • KRBL Limited
    • LENZING AG
    • Pennakem LLC
    • Silvateam SpA
    • Tanin dd
    • TransFurans Chemicals bvba
    • Xingtai Chunlei Furfuryl Alcohol Co. Ltd(hebeichem)
    • Zibo Xinye Chemical Co. Ltd

第7章 市場機會及未來趨勢

  • 增加生物基化學品的採用
簡介目錄
Product Code: 64798

The Furfural Market size is estimated at 388.55 kilotons in 2024, and is expected to reach 463.03 kilotons by 2029, growing at a CAGR of 3.57% during the forecast period (2024-2029).

Furfural - Market

The COVID-19 pandemic initially disrupted the furfural market due to supply chain interruptions and reduced industrial activities. However, as global economies gradually recovered, there was an increased demand for furfural, particularly in sectors like pharmaceuticals, agricultural chemicals, and biofuels. The growth was driven by the rising interest in sustainable and bio-based chemicals, with furfural being derived from agricultural residues.

Key Highlights

  • Over the mid-term, the significant factors driving the growth of the market studied are the increasing demand for furfuryl alcohol and the rising usage of furfural for industrial chemical manufacturing.
  • However, fluctuations in raw material prices are expected to hinder market growth.
  • Nevertheless, the increasing adoption of bio-based chemicals represents a significant opportunity for the furfural market, given that their derivation from biomass sources aligns with the growing demand for sustainable alternatives in various industries.
  • During the forecast period, Asia-Pacific is expected to capture the largest market share and the highest CAGR.

Furfural Market Trends

Increasing Demand for Furfuryl Alcohol

  • Furfural finds its main application in the production of furfuryl alcohol, a process achieved through the catalytic hydrogenation of furfural under elevated pressures in industrial settings.
  • Furfuryl alcohol is one of the most well-studied drugs that can be made from furfural. It is manufactured on a large scale in the presence of a CuCr catalyst, but the process has a negative environmental effect.
  • Furfuryl alcohol plays a significant role in ferrous metal foundries, particularly in the production of sand cores and molds. It is widely used as a binder for resin-bonded sand-casting processes in ferrous foundries. Furfuryl alcohol, when combined with other materials, helps create durable and heat-resistant molds, contributing to the precision and quality of castings in the production of ferrous metal components.
  • As per the projections from the US Census Bureau, it is anticipated that the revenue of foundries in the United States will reach around USD 28.8 billion by 2024, thereby bolstering the furfural market.
  • According to the Statistisches Bundesamt, the value of pharmaceutical production in Germany reached EUR 37.4 billion (USD 40.58 billion) in 2022 and registered growth compared to the previous year's data.
  • Furthermore, furfural alcohol, derived from agricultural waste, is used in the fragrance industry for its sweet and floral notes. Its versatile aroma makes it a valuable component in perfumes, adding depth and warmth to fragrance compositions.
  • As per the Cosmetic, Toiletry, and Perfumery Association, the market value of fragrances in the United Kingdom reached GBP 1,838.7 million (USD 2331.10 million ) in December 2022, registering the highest value compared to previous data.
  • Furfuryl alcohol is widely used in plastics and resins. According to the National Bureau of Statistics of China, the production volume of plastic products in China amounted to 74.89 million metric tons in 2023.
  • Asia-Pacific commands a substantial portion of the market in both the consumption and production of furfuryl alcohol, attributed to the factors outlined earlier. Consequently, the global furfural market is anticipated to witness growth during the forecast period.

Asia-Pacific to Dominate the Market

  • During the forecast period, Asia-Pacific is expected to have the largest share of the global furfural market. This is because China, India, and Japan are all growing economies.
  • China is a center for making chemicals, and most of the chemicals made in the world are made there. The country contributes more than 35% to global chemical sales. Many major companies in the market have their chemical plants in China. With the growing demand for various bio-based chemicals globally, the demand for furfural from this sector is projected to grow during the forecast period.
  • Furfuryl alcohol is often utilized in the production of pesticides due to its effectiveness as a solvent and its ability to enhance the formulation of certain agrochemicals. Its chemical properties make it suitable for use in pesticide formulations to improve stability and efficacy.
  • According to the National Bureau of Statistics of China, the production of chemical pesticides in China reached 2497.1 thousand metric tons in 2022, registering almost similar value when compared to previous years' data.
  • India's chemical industry is expected to increase because there is a growing need for chemicals and agrochemicals. The government predicts the chemical industry will reach USD 304 billion by 2025, with opportunities offered by the anticipated increase in demand of about 9% per annum over the next five years. The chemical industry holds an investment opportunity worth about USD 701.97 million, with about 168 investment prospects and 29 projects under development.
  • The chemical industry plays a vital role in the growth of the furfural market. India is the 6th largest producer of chemicals in the world and 3rd in Asia, contributing 7% to India's GDP, and it is anticipated to grow to USD 304 billion by 2025 and USD 1 trillion by 2040.
  • Similarly, according to the Ministry of Economy, Trade and Industry (METI), the inventory volume of perfume and eau de cologne in Japan reached 103.8 kg in 2022, registering considerable growth compared to the previous year's data.
  • Because of all of these factors, the furfural market in the region is expected to grow steadily over the next few years.

Furfural Industry Overview

The furfural market is partially consolidated in nature. Some of the major players in the market include (not in any particular order) Central Romana Corporation, Illovo Sugar Africa (Pty) Ltd, KRBL, LENZING AG, and Pennakem LLC.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand for Furfuryl Alcohol
    • 4.1.2 Increasing Demand from Industrial Chemicals Manufacturing
    • 4.1.3 Others
  • 4.2 Restraints
    • 4.2.1 Fluctuations in Raw Material Prices
    • 4.2.2 Other Restraints
  • 4.3 Industry Value-Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Raw Material
    • 5.1.1 Corncobs
    • 5.1.2 Rice Hulls
    • 5.1.3 Cotton Hulls
    • 5.1.4 Sugarcane Bagasse
    • 5.1.5 Other Raw Materials
  • 5.2 Application
    • 5.2.1 Furfuryl Alcohol
    • 5.2.2 Solvent
    • 5.2.3 Intermediate
    • 5.2.4 Other Applications
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
      • 5.3.1.1 China
      • 5.3.1.2 India
      • 5.3.1.3 Japan
      • 5.3.1.4 South Korea
      • 5.3.1.5 Malaysia
      • 5.3.1.6 Thailand
      • 5.3.1.7 Indonesia
      • 5.3.1.8 Vietnam
      • 5.3.1.9 Rest of Asia-Pacific
    • 5.3.2 North America
      • 5.3.2.1 United States
      • 5.3.2.2 Canada
      • 5.3.2.3 Mexico
    • 5.3.3 Europe
      • 5.3.3.1 Germany
      • 5.3.3.2 United Kingdom
      • 5.3.3.3 France
      • 5.3.3.4 Italy
      • 5.3.3.5 Spain
      • 5.3.3.6 Nordic
      • 5.3.3.7 Turkey
      • 5.3.3.8 Russia
      • 5.3.3.9 Rest of Europe
    • 5.3.4 South America
      • 5.3.4.1 Brazil
      • 5.3.4.2 Argentina
      • 5.3.4.3 Colombia
      • 5.3.4.4 Rest of South America
    • 5.3.5 Middle-East and Africa
      • 5.3.5.1 Saudi Arabia
      • 5.3.5.2 South Africa
      • 5.3.5.3 Nigeria
      • 5.3.5.4 Qatar
      • 5.3.5.5 Egypt
      • 5.3.5.6 United Arab Emirates
      • 5.3.5.7 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/ Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Central Romana Corporation
    • 6.4.2 Hongye Holding Group Corporation Limited
    • 6.4.3 Illovo Sugar Africa (Pty) Ltd
    • 6.4.4 KRBL Limited
    • 6.4.5 LENZING AG
    • 6.4.6 Pennakem LLC
    • 6.4.7 Silvateam SpA
    • 6.4.8 Tanin d.d.
    • 6.4.9 TransFurans Chemicals bvba
    • 6.4.10 Xingtai Chunlei Furfuryl Alcohol Co. Ltd (hebeichem)
    • 6.4.11 Zibo Xinye Chemical Co. Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Rising Adoption of Bio-based Chemicals