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Published Date: 2016-09-01Number of Pages: 112

Furfural Derivatives Market (Product - Furoic Acid, Tetrahydrofurfuryl Alcohol (THFA), 2, 5 - Furandicarboxylic Acid (FDCA), Tetrahydrofuran (THF), Methyl Tetrahydrofuran (MeTHF), Poly Tetrahydrofuran (Poly THF)) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024

Furfural Derivatives Market: Snapshot

The furfural derivatives market is not yet fully commercialized and as result, players are likely to find several opportunities to capitalize on in the coming years. The increased demand for products made from renewable and biodegradable sources as well as the growing consumption of furfural derivatives in the food industry have led to a significant demand for the same. The global furfural derivatives markets stood at 947.58 kilo tons in 2016 and is expected to expand at a CAGR of 2.69% to reach 1,172.17 kilo tons by 2024.

Transparency Market Research finds that the declining cost of furfural derivatives is likely to facilitate their penetration in various application industries such as pharmaceuticals, chemical intermediaries, and plastics.

Growing Applications of FDCA Make it Highly Lucrative Product Segment

The furfural derivatives market has been segmented on the basis of product type into furoic acid, tetrahydrofurfuryl alcohol (THFA), 2,5- furandicarboxylic acid (FDCA), and others. The others segment, which includes tetrahydrofuran (THF), methyl tetrahydrofuran (MeTHF) and poly tetrahydrofuran (Poly THF), is one of the highly attractive product types. These, when combined together, have a variety of applications and therefore hold a larger share in the total market revenue. The segment accounted for a share of over 48.64% in terms of revenue in 2015.

In terms of CAGR, the FDCA segment of the furfural derivatives market is extremely lucrative and is expected to register a 2.85% CAGR from 2016 to 2024. The least revenue is generated by the furoic acid segment. Furoic acid is used as an intermediate chemical for the production of furyl chloride, which is used to make agriculture insecticide or pesticide formulations.

furfural-derivatives-market

 

Asia Pacific Emerges as Leading Consumer and Producer of Furfuryl Alcohol

On the basis of geography, the global furfural derivatives market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South and Central America.

Asia Pacific is the chief producer and consumer of furfuryl alcohol and, as a result, held the leading share in the global furfural derivatives market in 2015. China and India are the dominant consumer markets for furfuryl alcohol. The growth of various end-use industries, including chemicals, agriculture, pharmaceuticals, paints and coatings, and resins, is driving the furfural derivatives market in Asia Pacific. Technological advancements have improved production processes, which has been instrumental in creating innovative products from renewable agricultural biomass. This has had a major impact on the growth of the furfural derivatives in Asia Pacific. The region is projected to expand at a CAGR of 2.93% from 2016 to 2024.

Europe also holds a remarkable share in the global furfural derivatives market and follows Asia Pacific in terms of consumption. The increased number of application areas of furfural alcohol and products of furfural derivatives primarily drives the Europe market. The market for furfuryl alcohol in North America is expected to decline during the forecast period owing to the presence of various substitutes.

Key players in the furfural derivatives market include Ashland, Inc., Avantium, BASF SE, DynaChem Inc., Hongye Chemical Co. Ltd., Corbion NV, Sinochem Qingdao Co. Ltd., Penn A Kem LLC, Nova Molecular Technologies, and Mitsubishi Chemical.


Section 1 Preface
1.1 Report Scope and Market Segmentation    
1.2 Research Highlights   
1.3 Assumptions and Acronyms Used   
1.4 Research Methodology

Section 2 Executive Summary
2.1 Global Furfural Derivatives Market Size, By Market Value (US$ Mn) and Market Value Share, By Region (2015)   
2.2 Global Furfural Derivatives Market Snapshot 

Section 3 Global Furfural Derivatives Industry Analysis
3.4 Product Overview   
3.2 Market Indicators    
3.3 Value Chain Analysis   
3.4 Market Drivers   
3.5 Market Restraints   
3.7 Market Opportunities   
3.6 Opportunity Analysis   
3.8 Porter’s Five Forces Analysis   
3.9 Market Attractiveness Analysis, 2015   
     3.9.1 By Region   
     3.9.2 By Product   
3.10 Company Market Share Analysis, 2015

Section 4 Global Furfural Derivatives Price Trend (US$/Ton), 2015 – 2024 

Section 5 Global Furfural Derivatives Market, by Product, (Kilo Tons) (US$ Mn), 2015 – 2024
5.1 Global Scenario Overview   
5.1 Introduction    
5.1 Global Furfural Derivatives Market Value Share Analysis, By Product Type   
5.1 Furfural Derivatives Market Analysis, By Product Type 

Section 6 North America Furfural Derivatives Market, (Kilo Tons) (US$ Mn), 2015 - 2024
6.1 Key Trends Analysis
6.2 North America Furfural Derivatives Market Overview 
6.3 North America Furfural Derivatives Market Value Share Analysis, By Product Type
6.4 Furfural Derivatives Market Analysis, By Product Type

Section 7 Europe Furfural Derivatives Market, (Kilo Tons) (US$ Mn), 2015 – 2024
7.1 Key Trends Analysis   
7.2 Europe Furfural Derivatives Market Overview   
7.3 Europe Furfural Derivatives Market Value Share Analysis, By Product Type   
7.4 Furfural Derivatives Market Analysis, By Product Type 

Section 8 Asia Pacific Furfural Derivatives Market, (Kilo Tons) (US$ Mn), 2015 – 2024
8.1 Key Trends Analysis   
8.2 Asia Pacific Furfural Derivatives Market Overview   
8.3 Asia Pacific Furfural Derivatives Market Value Share Analysis, By Product Type
8.4 Furfural Derivatives Market Analysis, By Product Type  

Section 9 Middle East & Africa (MEA) Furfural Derivatives Market, (Kilo Tons) (US$ Mn), 2015 – 2024 
9.1 Key Trends Analysis   
9.2 Middle East & Africa (MEA) Furfural Derivatives Market Overview   
9.3 Middle East & Africa (MEA) Furfural Derivatives Market Value Share Analysis, By Product Type   
9.4 Furfural Derivatives Market Analysis By Product Type  

Section 10 Latin America Furfural Derivatives Market, (Kilo Tons) (US$ Mn), 2015 – 2024
10.1 Key Trends Analysis 
10.2 Latin America Furfural Derivatives Market Overview
10.3 Latin America Furfural Derivatives Market Value Share Analysis, By Product Type
10.4 Furfural Derivatives Market Analysis By Product Type

Section 11 Company Profiles
11.1 Competition Matrix    
11.2 Ashland, Inc.   
     11.2.1 Company Details (HQ, Foundation Year, Employee Strength)   
     11.2.2 Sales/Revenue, By Segment and Geography   
     11.2.3 Recent Developments   
     11.2.4 Business Strategies   
11.3 Avantium   
     11.3.1 Company Details (HQ, Foundation Year, Employee Strength)   
     11.3.2 Sales/Revenue, By Segment and Geography   
     11.3.3 Recent Developments   
     11.3.4 Business Strategies   
11.4 BASF SE   
     11.4.1 Company Details (HQ, Foundation Year, Employee Strength)   
     11.4.2 Sales/Revenue, By Segment and Geography   
     11.4.3 Recent Developments   
     11.4.4 Business Strategies   
11.5 DynaChem Inc.   
     11.5.1 Company Details (HQ, Foundation Year, Employee Strength)   
     11.5.2 Sales/Revenue, By Segment and Geography   
     11.5.3 Recent Developments   
     11.5.4 Business Strategies   
11.6 Hongye Chemical Co. Ltd   
     11.6.1 Company Details (HQ, Foundation Year, Employee Strength)   
     11.6.2 Sales/Revenue, By Segment and Geography   
     11.6.3 Recent Developments   
     11.6.4 Business Strategies   
11.7 Corbion NV   
     11.7.1 Company Details (HQ, Foundation Year, Employee Strength)   
     11.7.2 Sales/Revenue, By Segment and Geography   
     11.7.3 Recent Developments   
     11.7.4 Business Strategies   
11.8 Sinochem Qingdao Co. Ltd.   
     11.8.1 Company Details (HQ, Foundation Year, Employee Strength)   
     11.8.2 Sales/Revenue, By Segment and Geography   
     11.8.3 Recent Developments   
     11.8.4 Business Strategies   
11.9 Penn A Kem LLC Company   
     11.9.1 Company Details (HQ, Foundation Year, Employee Strength)   
     11.9.2 Sales/Revenue, By Segment and Geography   
     11.9.3 Recent Developments   
     11.9.4 Business Strategies   
11.10 Nova Molecular Technologies   
     11.10.1 Company Details (HQ, Foundation Year, Employee Strength)   
     11.10.2 Sales/Revenue, By Segment and Geography   
     11.10.3 Recent Developments   
     11.10.4 Business Strategies   
11.11 Mitsubishi Chemical   
     11.11.1 Company Details (HQ, Foundation Year, Employee Strength)   
     11.11.2 Sales/Revenue, By Segment and Geography   
     11.11.3 Recent Developments   
     11.11.4 Business Strategies 

Section 12 Demand Price Curve 
12.1 Demand Price Furfural & Furfural Derivatives Market Analysis - Research Scope, Assumptions and Methodology  
12.2 Demand Price Furfural Market Analysis & Forecast
12.3 Demand Price Furfuryl Alcohol Market Analysis & Forecast
12.4 Demand Price Furoic Acid Market Analysis & Forecast
12.5 Demand Price Tetrahydrofurfuryl Alcohol (THFA) Market Analysis & Forecast
12.6 Demand Price 2, 5– Furandicarboxylic Acid (FDCA) Market Analysis & Forecast
12.7 Demand Price Others (THF, MeTHF, Poly THF.) Market Analysis & Forecast 

Section 13 Primary Research
13.1 Key Findings

Section 14 List of Potential Customers 

List of Figures

Figure 1: Furfural Market Attractiveness Analysis by Product Type (2015)   
Figure 2: Furfural Market Attractiveness Analysis by Region (2015)   
Figure 3: Global Furfural Derivatives Market Share Analysis by Company (2015)   
Figure 4: Global Furfural Derivatives Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 5: Global Furfural Derivatives Average Price (US$/ Unit) 2015–2024   
Figure 6: Global Furfural Derivatives Market Value Share Analysis by Product Type, 2016 and 2024
Figure 7: Global Furfural Alcohol Market Size Value (US$) and Volume (Kilo Tons) Analysis, 2015-2024
Figure 8: Global Furoic Acid Market Size Value (US$) and Volume (Kilo Tons) Analysis, 2015-2024
Figure 10: Global 2, 5– Furandicarboxylic Acid (FDCA) Market Size Value (US$) and Volume (Kilo Tons) Analysis, 2015 -2024
Figure 11: Global Others (THF, MeTHF, Poly THF) Furfural Derivatives Market Size Value (US$) and Volume (Kilo Tons) Analysis, 2015-2024
Figure 12: North America Furfural Derivatives Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024   
Figure 13: North America Furfural Derivatives Market Size and Volume Y-o-Y Growth Projections, 2015–2024   
Figure 14: North America Market Value Share Analysis by Product Type, 2016 and 2024   
Figure 15: Europe Furfural Derivatives Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024   
Figure 16: Europe Furfural Derivatives Market Size and Volume Y-o-Y Growth Projections, 2015–2024
Figure 17: Europe Market Value Share Analysis by Product Type, 2016 and 2024
Figure 18: Asia Pacific Furfural Derivatives Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 19: Asia Pacific Furfural Derivatives Market Size and Volume Y-o-Y Growth Projections, 2015–2024
Figure 20: Asia Pacific Market Value Share Analysis by Product Type, 2016 and 2024
Figure 21: Middle East & Africa (MEA) Furfural Derivatives Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024  
Figure 22: Middle East & Africa (MEA) Furfural Derivatives Market Size and Volume Y-o-Y Growth Projections, 2015–2024  
Figure 23: Middle East & Africa (MEA) Market Value Share Analysis by Product Type, 2016 and 2024
Figure 24: Latin America (LA) Furfural Derivatives Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 25: Latin America (LA) Furfural Derivatives Market Size and Volume Y-o-Y Growth Projections, 2015–2024   
Figure 26: Latin America (LA) Market Value Share Analysis by Product Type, 2016 and 2024
Figure 27: Realistic Scenario Furfural Demand Price Analysis & Forecast, 2015–2024   
Figure 28: Idealistic Scenario 1 Furfural Demand Price Analysis & Forecast, 2015–2024   
Figure 29: Idealistic Scenario 2 Furfural Demand Price Analysis & Forecast, 2015–2024   
Figure 30: Idealistic Scenario 3 Furfural Demand Price Analysis & Forecast, 2015–2024   
Figure 31: Realistic Scenario Furfuryl Alcohol Demand Price Analysis & Forecast, 2015–2024
Figure 32: Idealistic Scenario 1 Furfuryl Alcohol Demand Price Forecast, 2015–2024   
Figure 33: Idealistic Scenario 2 Furfuryl Alcohol Demand Price Analysis & Forecast, 2015–2024
Figure 34: Idealistic Scenario 3 Furfuryl Alcohol Demand Price Analysis & Forecast, 2015–2024
Figure 35: Realistic Scenario Furoic Acid Demand Price Analysis & Forecast, 2015–2024   
Figure 36: Idealistic Scenario 1 Furoic Acid Demand Price Analysis & Forecast, 2015–2024
Figure 37: Idealistic Scenario 2 Furoic Acid Demand Price Analysis & Forecast, 2015–2024 
Figure 38: Idealistic Scenario 3 Furoic Acid Demand Price Analysis & Forecast, 2015–2024
Figure 39: Realistic Scenario Tetrahydrofurfuryl Alcohol (THFA) Demand Price Analysis & Forecast, 2015–2024   
Figure 40: Idealistic Scenario 1, Tetrahydrofurfuryl Alcohol (THFA) Demand Price Analysis & Forecast, 2015–2024   
Figure 41: Idealistic Scenario 2 Tetrahydrofurfuryl Alcohol (THFA) Demand Price Analysis & Forecast, 2015–2024   
Figure 42: Idealistic Scenario 3 Tetrahydrofurfuryl Alcohol (THFA) Demand Price Analysis & Forecast, 2015–2024   
Figure 43: Realistic Scenario 2, 5 – Furandicarboxylic Acid (FDCA) Demand Price Analysis & Forecast, 2015–2024   
Figure 44: Idealistic Scenario 1, 2,5 – Furandicarboxylic Acid (FDCA) Demand Price Analysis & Forecast, 2015–2024   
Figure 45: Idealistic Scenario 2, 2,5 – Furandicarboxylic Acid (FDCA) Demand Price Analysis & Forecast, 2015–2024   
Figure 46: Idealistic Scenario 3, 2,5 – Furandicarboxylic Acid (FDCA) Demand Price Analysis & Forecast, 2015–2024   
Figure 47: Realistic Scenario Others (THF, MeTHF, Poly THF) Demand Price Analysis & Forecast, 2015–2024   
Figure 48: Idealistic Scenario 1 Others (THF, MeTHF, Poly THF) Demand Price Analysis & Forecast, 2015–2024   
Figure 49: Idealistic Scenario 3 Others (THF, MeTHF, Poly THF) Demand Price Analysis & Forecast, 2015–2024   
Figure 50: Idealistic Scenario 3 Others (THF, MeTHF, Poly THF) Demand Price Analysis & Forecast, 2015–2024 

List of Tables

Table 1: Global Furfural Derivatives Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, By Product Type, 2015–2024  
Table 2: North America Furfural Derivatives Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, By Product Type, 2015–2024 
Table 3: Europe Furfural Derivatives Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, By Product Type, 2015–2024  
Table 4: Asia Pacific Furfural Derivatives Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, By Product Type, 2015–2024  
Table 5: Middle East & Africa (MEA) Furfural Derivatives Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, By Product Type, 2015–2024
Table 6: Latin America (LA) Furfural Derivatives Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, By Product Type, 2015–2024 

Furfural derivatives are produced through feedstock (agricultural waste, corn cobs, wood oil, and others), refining or processing operations in chemical industries, and logistics of primary derivatives (furfuryl alcohol, 2-furoic acid) and secondary derivatives (tetrahydrofuran, tetrahydrofurfuryl alcohol, poly tetrahydrofuran, 2-methyl tetrahydrofuran) globally. The furfural derivatives market is not fully commercialized. Increased demand for products from renewable and biodegradable sources, as well as growing consumption from the food industry have led to increased demand for furfural derivatives. Asia Pacific and Europe are expected to dominate the global furfural derivatives market. Asia Pacific is the chief producer and consumer of furfuryl alcohol, because China and India contribute the highest consumption. Europe follows Asia Pacific in consumption due to increases in the number of application areas for furfural alcohol and the products of furfural derivatives. The use of furfural derivatives integration in biorefineries is expected to increase across Europe due to their various environmental benefits. Governments in Europe also support bio-based products, since they hold a high potential to provide the foundation for the future environment-friendly economy.

This report by Transparency Market Research analyzes, estimates, and forecasts demand for furfural derivatives on the global and regional level for an eight-year period from 2016 to 2024 in terms of volume. The study also provides information on drivers, opportunities, and restraints along with their impact on the overall market during the forecast period. The report segments the market based on product type and by geography, and provides estimates and forecasts of the furfural derivatives market for each segment.

The study analyzes the product value chain, from the feedstock or raw material used to the end-users of primary and secondary derivatives. Additionally, it evaluates the market on the basis of the Porter’s Five Forces model, which analyzes the degree of competition in the market by considering factors such as the bargaining power of buyers and suppliers, the threat of substitute products, and new entrants. The report includes a detailed competitive landscape of the furfural derivative market including company market share analysis and profiles of key market participants.

The report provides a decisive view of the furfural derivative market by segmenting it on the basis of product type and geographical region. The types of products segments analyzed in the report include furoic acid, tetrahydrofurfuryl alcohol (THFA), 2,5- furandicarboxylic acid (FDCA), and others (tetrahydrofuran (THF), methyl tetrahydrofuran (MeTHF) and poly tetrahydrofuran (Poly THF). This segment has been analyzed on the basis of present and future trends, and the market has been estimated from 2016 to 2024. Products such as tetrahydrofuran (THF), 2-methyltetrahydrofuran (MeTHF), poly tetrahydrofuran (poly THF) are the highly attractive segments. Asia Pacific and Europe are expected to dominate the global furfural derivatives market. The increasing application of furfural derivative products is attributed to the inbuilt advantage to increase market share in chemical industries. Government regulation regarding environmental emissions is a major concern around the globe.

The furfural derivatives market has been segmented based on geography into based on geographical regions includes North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America (LA). Demand for each segment of the furfural derivatives market in terms of volume for each of these regions has been forecast in the report for the period from 2016 to 2024.

Leading manufacturers profiled in the report include Ashland, Inc., Avantium, BASF SE, DynaChem Inc., Hongye Chemical Co. Ltd., Corbion NV, Sinochem Qingdao Co. Ltd., Penn A Kem LLC, Nova Molecular Technologies, and Mitsubishi Chemical. These companies have been profiled in detail, with features such as company overview, financial overview, business strategies, employee strength, and SWOT analysis included.

Furfural Derivatives Market – Product Type Segment Analysis

  • Furoic acid
  • Tetrahydrofurfuryl alcohol (THFA)
  • 2,5- Furandicarboxylic acid (FDCA)
  • Others (tetrahydrofuran (THF), methyl tetrahydrofuran (MeTHF) and poly tetrahydrofuran (poly THF)

 Furfural Derivatives Market – Regional Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • Netherlands
    • Spain
    • Belgium
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Singapore
  • Middle East & Africa
    • Saudi Arabia
    • The UAE
    • Iran
  • South and Central America
    • Brazil
    • Argentina


 
 
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