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市場調查報告書
商品編碼
1438238

2030 年夫喃甲醇市場預測:按類型、原料、製程、應用、最終用戶和地區進行的全球分析

Furfural Market Forecasts to 2030 - 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 200+ Pages | 商品交期: 2-3個工作天內

價格

根據Stratistics MRC的數據,2023年全球夫喃甲醇市場規模為6.0796億美元,預計到2030年將達到11.2572億美元,預測期內複合年成長率為9.2%。

夫喃甲醇是從玉米芯、甘蔗渣和木材等農產品中提取的天然有機化合物。夫喃甲醇通常用於生產各種化學品、樹脂和溶劑,並可作為合成藥物、除草劑和塑膠的通用原料。它由可再生質能製成,對環境友好,是石油化學品的永續替代品。

據印度品牌股權基金會 (IBEF) 稱,印度農業的夫喃甲醇消費量正在增加,到 2022 年將達到約 58.0%。

政府不斷採取措施推廣生物基化學品

由於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化學品來取代傳統石化產品。夫喃甲醇是一種由生質能原料生產的可再生化學品,非常適合此類計劃。支持性政策、補貼和授權正在鼓勵對夫喃甲醇生產和利用的投資,並推動市場成長。

環境問題

關於夫喃甲醇的環境問題主要集中在其生產過程和對生態系統的潛在影響。將生質能原料轉化為夫喃甲醇通常涉及使用酸和溶劑,這可能導致揮發性有機化合物(VOC)和其他污染物的排放。這種環境影響可能導致監管審查加強、監管更加嚴格、合規成本更高以及夫喃甲醇產品的負面聲譽,從而阻礙市場成長和盈利。

擴大醫藥和農化領域

夫喃甲醇是合成各種藥物化合物和農藥(包括除草劑、殺菌劑和殺蟲劑)的重要中間體。隨著世界人口的成長以及對醫療保健和農產品的需求的成長,製藥和農化行業的製造過程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,並促進應用創新,從而推動整體夫喃甲醇市場的擴張。

原物料價格波動

夫喃甲醇生產嚴重依賴玉米芯、甘蔗渣和木片等生質能原料。由於天氣條件、市場需求和地緣政治事件等因素造成的原物料價格波動可能會擾亂夫喃甲醇製造商的生產成本和盈利。因此,原物料價格的波動可能會破壞市場穩定,阻礙投資決策,並抑制夫喃甲醇產業的潛在成長機會。

COVID-19 的影響

COVID-19大流行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減少了各個最終用途產業對夫喃甲醇的需求。此外,國際貿易和旅遊限制擾亂了夫喃甲醇的供應和分銷網路。儘管疫情凸顯了生物基化學品對永續性的重要性,但疫情帶來的直接經濟挑戰和市場不確定性對夫喃甲醇市場產生了顯著的負面影響,其成長軌跡已經放緩。

生物基細分市場預計將在預測期內成為最大的細分市場

生物基細分市場預計將出現良好的成長。生物基夫喃甲醇是一種從生質能原料(如農業殘留物、木材和甘蔗渣)中獲得的可再生化學品。其生產涉及這些原料中所含戊糖的脫水。優點包括生物分解性、減少碳排放以及與綠色化學原理的兼容性。隨著人們對環境問題的日益關注以及政府推廣生物基化學品的努力,對生物基夫喃甲醇的需求預計將增加並推動創新。

糠醇製造領域預計預測期內複合年成長率最高

糠醇生產產業預計在預測期內複合年成長率最高。夫喃甲醇廣泛用於糠醇的生產,是一種具有多種用途的多功能化學品。糠醇是合成鑄造樹脂的關鍵原料,而鑄造樹脂是生產金屬鑄造業所用砂模所必需的。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。

比最大的地區

在亞太地區,在工業化、農業和化學工業蓬勃發展的推動下,夫喃甲醇市場潛力巨大。快速的經濟成長和都市化正在推動夫喃甲醇的各種應用需求,包括製藥、化學和農業應用。中國、印度等農業大國的存在保證了夫喃甲醇生產生質能原料的穩定供應。此外,環保意識的提高和政府推廣生物基化學品的措施進一步刺激了市場成長。

複合年成長率最高的地區:

預計歐洲在預測期內的複合年成長率最高。在歐洲,夫喃甲醇市場受到嚴格的環境法規、對可再生化學品的需求不斷增加以及生物基技術的進步等多種因素的支持。夫喃甲醇有多種用途,包括藥品、農藥和香料,是市場成長的驅動力。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一致,有利於市場擴張。

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目錄

第1章執行摘要

第2章 前言

  • 概述
  • 相關利益者
  • 調查範圍
  • 調查方法
    • 資料探勘
    • 資料分析
    • 資料檢驗
    • 研究途徑
  • 調查來源
    • 主要調查來源
    • 二次調查來源
    • 先決條件

第3章市場趨勢分析

  • 促進因素
  • 抑制因素
  • 機會
  • 威脅
  • 應用分析
  • 最終用戶分析
  • 新興市場
  • COVID-19 的影響

第4章波特五力分析

  • 供應商的議價能力
  • 買方議價能力
  • 替代品的威脅
  • 新進入者的威脅
  • 競爭對手之間存在敵對關係

第5章全球夫喃甲醇市場:依類型

  • 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:依製程分類

  • 水解過程
  • 桂格燕麥加工過程
  • 水蒸氣蒸餾過程
  • 酸催化作用
  • 其他工藝

第8章全球夫喃甲醇市場:依應用分類

  • 溶劑
  • 糠醇生產
  • 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
  • 藥品
  • 飲食
  • 煉油廠
  • 其他最終用戶

第10章全球夫喃甲醇市場:按地區

  • 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
    • 其他亞太地區
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地區
  • 中東和非洲
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 卡達
    • 南非
    • 其他中東和非洲

第11章 主要進展

  • 合約、夥伴關係、協作和合資企業
  • 收購和合併
  • 新產品發布
  • 業務擴展
  • 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 $607.96 million in 2023 and is expected to reach $1125.72 million by 2030 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 2021, 2022, 2023, 2026, and 2030
  • 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 (2021-2030) ($MN)
  • Table 2 Global Furfural Market Outlook, By Type (2021-2030) ($MN)
  • Table 3 Global Furfural Market Outlook, By Synthetic Furfural (2021-2030) ($MN)
  • Table 4 Global Furfural Market Outlook, By Bio-based Furfural (2021-2030) ($MN)
  • Table 5 Global Furfural Market Outlook, By Raw Material (2021-2030) ($MN)
  • Table 6 Global Furfural Market Outlook, By Corncob (2021-2030) ($MN)
  • Table 7 Global Furfural Market Outlook, By Sugarcane Bagasse (2021-2030) ($MN)
  • Table 8 Global Furfural Market Outlook, By Sunflower Hull (2021-2030) ($MN)
  • Table 9 Global Furfural Market Outlook, By Rice Husk (2021-2030) ($MN)
  • Table 10 Global Furfural Market Outlook, By Cotton Hulls (2021-2030) ($MN)
  • Table 11 Global Furfural Market Outlook, By Other Raw Materials (2021-2030) ($MN)
  • Table 12 Global Furfural Market Outlook, By Process (2021-2030) ($MN)
  • Table 13 Global Furfural Market Outlook, By Hydrolysis Process (2021-2030) ($MN)
  • Table 14 Global Furfural Market Outlook, By Quaker Oats Process (2021-2030) ($MN)
  • Table 15 Global Furfural Market Outlook, By Steam Distillation Process (2021-2030) ($MN)
  • Table 16 Global Furfural Market Outlook, By Acid Catalysis (2021-2030) ($MN)
  • Table 17 Global Furfural Market Outlook, By Other Processes (2021-2030) ($MN)
  • Table 18 Global Furfural Market Outlook, By Application (2021-2030) ($MN)
  • Table 19 Global Furfural Market Outlook, By Solvent (2021-2030) ($MN)
  • Table 20 Global Furfural Market Outlook, By Furfuryl Alcohol Production (2021-2030) ($MN)
  • Table 21 Global Furfural Market Outlook, By Chemical Intermediate (2021-2030) ($MN)
  • Table 22 Global Furfural Market Outlook, By Other Applications (2021-2030) ($MN)
  • Table 23 Global Furfural Market Outlook, By End User (2021-2030) ($MN)
  • Table 24 Global Furfural Market Outlook, By Agriculture (2021-2030) ($MN)
  • Table 25 Global Furfural Market Outlook, By Paints & Coatings (2021-2030) ($MN)
  • Table 26 Global Furfural Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
  • Table 27 Global Furfural Market Outlook, By Food & Beverages (2021-2030) ($MN)
  • Table 28 Global Furfural Market Outlook, By Refineries (2021-2030) ($MN)
  • Table 29 Global Furfural Market Outlook, By Other End Users (2021-2030) ($MN)

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