Global Furfural Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Furfural Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Furfural is an aldehyde that is furan with the hydrogen at position 2 substituted by a formyl group. It has a role as a Maillard reaction product and a metabolite. It is a member of furans and an aldehyde.

According to our (Global Info Research) latest study, the global Furfural market size was valued at US$ 896 million in 2023 and is forecast to a readjusted size of USD 1185 million by 2030 with a CAGR of 4.1% during review period.

China is the largest furfural market with about 77% market share. North America is follower, accounting for about 10% market share.The key manufacturers are Hongye Chemical, Lenzing, Penn A Kem,etc. Top 3 companies occupied about 18% market share.In terms of product,purity 98.5% is the largest segment, with a share over 68%. And in terms of application, the largest application is furfural alcohol, followed by solvent.

This report is a detailed and comprehensive analysis for global Furfural market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Purity and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Furfural market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2019-2030

Global Furfural market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2019-2030

Global Furfural market size and forecasts, by Purity and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2019-2030

Global Furfural market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Furfural

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Furfural market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hongye Chemical, Lenzing, Penn A Kem, Central Romana, Illovo Sugar, Hebei Xingtai Chunlei, Silvateam, Shijiazhuang Guangxin Weiye, Zhucheng Taisheng Chemical, Zibo Huaao Chemical, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Furfural market is split by Purity and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Purity, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Purity
Purity 99%
Purity 98.5%
Others

Market segment by Application
Furfural Alcohol
Solvent
Others

Major players covered
Hongye Chemical
Lenzing
Penn A Kem
Central Romana
Illovo Sugar
Hebei Xingtai Chunlei
Silvateam
Shijiazhuang Guangxin Weiye
Zhucheng Taisheng Chemical
Zibo Huaao Chemical
Henan Huilong Chemical
Pingquan Fengsheng Chemical

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Furfural product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Furfural, with price, sales quantity, revenue, and global market share of Furfural from 2019 to 2024.

Chapter 3, the Furfural competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Furfural breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Purity and by Application, with sales market share and growth rate by Purity, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Furfural market forecast, by regions, by Purity, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Furfural.

Chapter 14 and 15, to describe Furfural sales channel, distributors, customers, research findings and conclusion.