Global Furfural and Furfuryl Alcohol Market to 2025 - Furfuryl Alcohol Is The Most Important Application Of Furfural

DUBLIN, Sept. 26, 2018 /PRNewswire/ --

The "Furfural and Furfuryl Alcohol: A Global Market Overview" report has been added to ResearchAndMarkets.com's offering.

The report reviews, analyzes and projects the global Furfural and Furfuryl Alcohol market for the period 2015-2024 in terms of volumes in Metric Tons and market value in US$ and the compound annual growth rates (CAGRs) projected from 2018 through 2024

Furfuryl alcohol is the most important application of Furfural. At present, approximately 88 percent of all furfural produced is converted to furfuryl alcohol attributed to demand for this product in the production of foundry resins. Furfural as a solvent is the second largest application for furfural globally.

Furfural is used as a solvent in the refining of lubricating oils; extraction of mineral oils; and as a solvent or wetting agent in the manufacture of abrasive wheels, brake linings and refractory products. Furfural is also used in a range of applications which include pharmaceutical intermediates, as a nemacide in agriculture or horticulture, as a flavor/fragrance ingredient in food & beverages, and as a chemical intermediate in the production of furfural derivatives such as furan and tetrahydrofuran.

Asia-Pacific is the largest furfural consuming region in the world with an estimated 2018 share of 77%. The region is projected to witness the fastest CAGR during the analysis period 2018-2024 with 4.8% and 6.2% for volume and value respectively.

Research Findings & Coverage

• The report analyzes both Furfural and Furfuryl Alcohol with respect to all geographic regions
• Global Furfural market is analyzed in this report with respect to major application sectors
• The study exclusively analyzes the market of each major application sector of Furfural by a major geographic region
• Scarcity of Furfural Feedstock Makes Prices Upwards
• Modern Biorefineries Offer Huge Potential for Integrated Production of Furfural and its Derivatives
• Furfuryl alcohol dominates the consumption of Furfural globally accounting for over three-fourth of total market in 2018 and expected to continue the dominance in the future
• Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments
• Major companies profiled - 24
• The industry guide includes the contact details for 96 companies

Product Outline

Major applications of Furfural analyzed comprise the following:

• Furfuryl Alcohol
• Solvent Applications
• Pharmaceuticals
• Other Applications (includes flavor agent, chemical intermediate, and agriculture)

Key Topics Covered:

PART A: GLOBAL MARKET PERSPECTIVE

1. INTRODUCTION

1.1 Market Trends and Outlook
1.1.1 Scarcity of Furfural Feedstock Makes Prices Upwards
1.1.2 Modern Biorefineries Offer Huge Potential for Integrated Production of Furfural and its Derivatives
1.2 Product Outline
1.2.1 Furfural
1.2.2 Structure of Furfural
1.2.3 Production Process
1.2.3.1 By-products Obtained during Furfural Production Process
1.2.3.1.1 Carboxylic Acids
1.2.3.1.2 Diacetyl, and 2,3-Pentandione
1.2.4 Furfural Derivates
1.2.4.1 Furfuryl Alcohol
1.2.4.2 Furan
1.2.4.3 Tetrahydrofuran
1.2.4.4 Furoic Acid
1.2.4.5 Furan Resins
1.2.4.6 Tetrahydrofurfuryl Alcohol
1.2.4.7 Methylfuran
1.2.5 Furfural Applications
1.2.5.1 Furfuryl Alcohol
1.2.5.2 Solvent/Wetting Agent
1.2.5.3 Pharmaceuticals
1.2.5.4 Other Applications
1.2.6 Applications of Furfural Derivatives
1.2.6.1 Pharmaceutical, Agricultural and Industrial Chemicals
1.2.6.2 Resins
1.2.6.3 Polymer and Plastic Industries
1.2.6.4 Wood Modification and Book Preservation
1.2.6.5 Furfuryl Alcohol in Aerospace Applications

2. INDUSTRY LANDSCAPE

2.1 Key Global Players

• Aurus Speciality Company Limited (Thailand)
• Central Romana Corporation, Ltd. (Dominican Republic)
• Transfurans Chemicals bvba (Belgium)
• Henan Huilong Chemical Co., Ltd. (China)
• Hongye Holding Group Corporation Limited (China)
• Illovo Sugar Africa (Pty) Ltd (South Africa)
• Penn A Kem LLC (United States)
• Shanxi Province Gaoping Chemical Co., Ltd. (China)
• Silvateam S.p.a. (Italy)
• Indunor S.A. (Argentina)
• Hebei Xingtai Chunlei Furfuryl Alcohol Co., Ltd. (China)

2.2 Key Business Trends

• Sappi Group to Build Furfural Demo Plant in South Africa
• Numaligarh Refinery Limited Collaborated with Chempolis and Fortum to Build Biorefinery in India
• Eastman Chemical Company and Origin Materials in FDCA Technology Pact
• Bio-Corn Products to Set UP Furfural Production Plant in Kenya
• University of Wisconsin Researchers Develop New Technology that Triples High-value Chemicals Extraction from Biomass
• Biochemicals including Furfural from Lenzing Group Gets Biocertification from USDA
• Oji Holdings to Commercialize Continuous Production Process for Furfural from Wood Pulp

3. GLOBAL MARKET OVERVIEW

3.1 Global Furfural Market Overview by Application
3.1.1 Furfural Application Market Overview by Global Region
3.1.1.1 Furfuryl Alcohol
3.1.1.2 Solvent
3.1.1.3 Pharmaceuticals
3.1.1.4 Other Applications

PART B: REGIONAL MARKET PERSPECTIVE

REGIONAL MARKET OVERVIEW

4. NORTH AMERICA

4.1 North American Furfural Market Overview by Application
4.2 North American Furfural Market Overview by Geographic Region
4.3 North American Furfuryl Alcohol Market Overview by Geographic Region
4.4 Major Market Players
Harborchem (United States)
Penn A Kem LLC (United States)

5. EUROPE

5.1 European Furfural Market Overview by Application
5.2 European Furfural Market Overview by Geographic Region
5.3 European Furfuryl Alcohol Market Overview by Geographic Region
5.4 Major Market Players
International Furan Chemicals B.V. (The Netherlands)
Lenzing AG (Austria)
NC-Nature Chemicals Dr. Kruppa GmbH (Germany)
Silvateam S.p.a. (Italy)
Tanin Sevnica d.d. (Slovenia)
Transfurans Chemicals bvba (Belgium)

6. ASIA-PACIFIC

6.1 Asia-Pacific Furfural Market Overview by Application
6.2 Asia-Pacific Furfural Market Overview by Geographic Region
6.3 Asia-Pacific Furfuryl Alcohol Market Overview by Geographic Region
6.4 Major Market Players
Aurus Speciality Company Limited (Thailand)
Hebei Furan International Co., Ltd. (China)
Hebei Xingtai Chunlei Furfuryl Alcohol Co., Ltd. (China)
Henan Huilong Chemical Co., Ltd. (China)
Hongye Holding Group Corporation Limited (China)
Shandong Crownchem Industries Co., Ltd. (China)
Zibo Minda Chemical Co., Ltd. (China)
Zibo Xinye Chemical Co., Ltd. (China)
Shandong Yino Biologic Materials Co., Ltd. (China)
Shanxi Province Gaoping Chemical Co., Ltd. (China)
Tieling North Furfural (Group) Co., Ltd.
Zhucheng Taisheng Chemical Co., Ltd. (China)
Zibo Huaao Chemical Co., Ltd. (China)

7. SOUTH AMERICA

7.1 South American Furfural Market Overview by Application
7.2 South American Furfural Market Overview by Geographic Region
7.3 South American Furfuryl Alcohol Market Overview by Geographic Region
7.4 Major Market Players
Central Romana Corporation, Ltd. (Dominican Republic)
Indunor S.A. (Argentina)

8. REST OF WORLD

8.1 Rest of World Furfural Market Overview by Application
8.2 Rest of World Furfural Market Overview by Geographic Region
8.3 Rest of World Furfuryl Alcohol Market Overview by Geographic Region
8.4 Major Market Players
Behran Oil Company (Iran)
Bio-Corn Products EPZ Ltd. (Kenya)
Illovo Sugar Africa (Pty) Ltd (South Africa)

PART C: GUIDE TO THE INDUSTRY

1. NORTH AMERICA
2. EUROPE
3. ASIA-PACIFIC
4. REST OF WORLD

PART D: ANNEXURE

1. RESEARCH METHODOLOGY
2. FEEDBACK

For more information about this report visit https://www.researchandmarkets.com/research/sxxwph/global_furfural?w=5

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