Furfural Market Report Scope and Research Methodology
The Furfural Market report provides in-depth analysis necessary for making informed industry decisions and developing strategic growth plans. The Furfural market report provides a comprehensive understanding of advanced tactics and plans, regardless of production method or cost structures.
The report includes a detailed analysis of the market segments and regions, as well as an in-depth analysis of the strategies of the top players in the Furfural industry. The report also provides a detailed analysis of market dynamics for each region and segment, including drivers, restraints, opportunities, and challenges. Figures for import/export consumption, supply and demand, price, cost, revenue, and gross margins are also included. As a result, the report is a valuable resource for investors. Primary and secondary research methods were used to collect data for the Furfural market report. Primary research was carried out through the distribution of questionnaires, surveys, and telephone interviews with Furfural industry experts, market leaders, marketing professionals, and entrepreneurs.
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Furfural Market Regional Insights
The report delves deeply into the Furfural industry, segmenting it into numerous locations. The study evaluates North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East by region and country. Regional markets are thoroughly investigated in the Furfural market report in order to uncover regional market trends, constraints, and potential prospects.
Furfural Market Segmentation
Based on the raw material, The Sugarcane Bagasse segment accounted for the largest share in the furfural market in 2017 followed by Corn cob. Sugarcane is a tree-free renewable resource. Sugarcane bagasse is the major by-product of the sugar cane industry. It contains about 50% cellulose, 25% hemicellulose and 25% lignin. Due to its abundant availability, it can serve as an ideal substrate for microbial processes for the production of value-added products such as furfural. Furfural based on corn cob and sugarcane bagasse raw materials together accounted for half of the market share in 2015, in terms of revenue.
Based on end-user, the global furfural market is sub-segmented into Agriculture, Refineries, and Pharmaceuticals. The Refineries segment held largest share of xx% in 2020. Its significant consumption as a solvent in petroleum refining, specialty adhesives, and lubricants accounts for this high percentage. In the agrochemical sector, furfural is widely used as an insecticide, nematicide, and fungicide. It's found in a variety of nematicides, such as crop protectors and crop guards. In horticulture, the substance is also used as a weed killer. It's a low-concentration contact nematicide that's mechanically integrated or transported into the soil during irrigation. It's a somewhat safe pesticide that's simple to use.
by Raw material
• Corn Cob
• Rice Husk
• Sugarcane Bagasse
• Others
by End-user
• Agriculture
• Refineries
• Pharmaceuticals
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Furfural Market Key Players
• Central Romana
• Hongye Holding
• Illovo Sugar Ltd.
• Lenzing AG
• Penn A Kem LLC
• Silvateam S.p.A.
• Tanin Senvica d.d.
• Aurus Specialty Company
• Henan Huilong Chemical Co.
• Shandong Crownchem
• Tieling North Furfural
• Transfuran Chemicals
• Central Romana Co
• Tanin
• Hebeichem
• Linzi Organic Chemical
• Arcoy
• Behran Oil Co.
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