Market Research Reports

Furfural Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018

 

Description





Furfural is an organic compound made from a variety of  agricultural products such as sugarcane bagasse, corncobs, oat, wheat bran, and sawdust and used in the synthesis of furan as a solvent for refining lubricating oil, and as a fungicide and weed killer. It is an important renewable building block from which plastic and other industrial and household chemicals can be synthesized. 

One of the largest applications of furfural is to convert it into tetrahydrofurfural which is used as a non-hazardous formulation in agriculture and as an adjuvant to herbicide. In the last few years as oil prices have gone sky high; furfural has gained attention because of its lower price and its application in blending with diesel.

Due to environmental factors like global warming and use of environmentally friendly products, the trend of utilization of bio-based products, which provide a strong base for increased growth in the furfural market, is growing. China is dominating the furfural market since the inception of this market. In 2011, China accounted for more than 75% of global capacity as well as over 70% of world consumption of furfural. Today, over 85 percent of furfural production is carried out in three countries, out of which China leads the market followed by South Africa and the Dominican Republic.

The demand for furfural is stable due to traditional applications where the price of furfural is increasing due to its newer applications. Furfuryl alcohol and tetrahydrofurfural are expected to be the largest application segments of this market, mainly in China. However, there are some safety issues such as furfural’s toxicity with an LD50 of 65 mg/kg, it irritates the skin and causes skin allergy as well as an unusual susceptibility to sunburn by chronic skin exposure which might hold back the furfural market.

The leaders in the furfural market are Linzi Organic Chemical Inc. Tieling North Furfural (Group) Co., NC-Nature Chemicals, the Furfural Espanol S.A, Sugar Illovo Ltd., TransFurans Chemicals bvba, Green Energy Park, International Furan Technology, and Penn Specialty Chemicals.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  

This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a technological growth map over time to understand the industry growth rate
  • It provides a seven-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments 

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