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