Furfural Derivative Market Report: Trends, Forecast and Competitive Analysis to 2030

Furfural Derivative Market Report: Trends, Forecast and Competitive Analysis to 2030

Furfural Derivative Trends and Forecast

The future of the global furfural derivative market looks promising with opportunities in the chemical, food & beverage, agriculture, pharmaceutical, paint and coating, and resin markets. The global furfural derivative market is expected to grow with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are increasing shift toward sustainable or renewable chemicals, surge in demand for bio-based commodities, as well as, growing demand for furfural derivatives from the pharmaceutical industry.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Furfural Derivative by Segment

The study includes a forecast for the global furfural derivative by raw material, application, end use, and region.

Furfural Derivative Market by Raw Material [Shipment Analysis by Value from 2018 to 2030]:

• Sugarcane Bagasse
• Corncob
• Rice Husk
• Others

Furfural Derivative Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Derivatives
• Solvent
• Others

Furfural Derivative Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Chemicals
• Food & Beverages
• Agriculture
• Pharmaceuticals
• Paints and Coatings
• Resins

Furfural Derivative Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Furfural Derivative Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies furfural derivative companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the furfural derivative companies profiled in this report include-

• Dynachem
• Nova Molecular
• Avantium
• BASF
• Penn A Kem
• Corbion
• Ashland

Furfural Derivative Market Insights

Lucintel forecasts that corncob is expected to witness the highest growth over the forecast period because it is most widely used raw material owing to its high hemicellulose concentration, which produces derivatives with a high yield and quality.

Within this market, pharmaceutical is expected to witness the highest growth due to increase in demand for bio-based products.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Furfural Derivative Market

Market Size Estimates: Furfural derivative market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Furfural derivative market size by raw material, application, end use, and region in terms of value ($B).

Regional Analysis: Furfural derivative market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different raw material, application, end use, and regions for the furfural derivative market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the furfural derivative market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for furfural derivative market?

Answer: The global furfural derivative market is expected to grow with a CAGR of 7.0% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the furfural derivative market?

Answer: The major drivers for this market are increasing shift toward sustainable or renewable chemicals, surge in demand for bio-based commodities, as well as, growing demand for furfural derivatives from the pharmaceutical industry.

Q3. What are the major segments for furfural derivative market?

Answer: The future of the global furfural derivative market looks promising with opportunities in the chemical, food & beverage, agriculture, pharmaceutical, paint and coating, and resin markets.

Q4. Who are the key furfural derivative market companies?

Answer: Some of the key furfural derivative companies are as follows:

• Dynachem
• Nova Molecular
• Avantium
• BASF
• Penn A Kem
• Corbion
• Ashland

Q5. Which furfural derivative market segment will be the largest in future?

Answer: Lucintel forecasts that corncob is expected to witness the highest growth over the forecast period because it is most widely used raw material owing to its high hemicellulose concentration, which produces derivatives with a high yield and quality.

Q6. In furfural derivative market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the furfural derivative market by raw material (sugarcane bagasse, corncob, rice husk, and others), application (derivatives, solvent, and others), end use (chemicals, food & beverages, agriculture, pharmaceuticals, paints and coatings, and resins), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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