Furfural Market Value Share, Analysis and Segments
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Fmi releases new report on the furfural market 2016 2026

Furfural Market Value Share, Analysis and Segments


November 2016

Report Id : REP-GB-1488

Status : Ongoing

Category : Chemicals and Materials

©2015 Future Market Insights, All Rights Reserved

Fmi releases new report on the furfural market 2016 2026


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Fmi releases new report on the furfural market 2016 2026

Research Methodology (1/2)

Systematic Research Approach


In-depth secondary research is used to

ascertain overall market size, top

industry players, top products, industry

associations, etc.

Research &




Data Filter

& Analysis





Market profiling


PMR formulates a detailed discussion

guide to conduct expert and industry


Identifying key opinion leaders

Questionnaire design

In-depth interviews

Coverage across value chain

Formulating discussion guide



PMR develops a list of industry players

(manufacturers), distributors, retailers

and industry experts



Key industry experts

Channel study


Market dynamics



Developing list of respondents



PMR conducts interviews with industry

experts, industry players, distributors

and retailers




Data collection

Market participants

Key strengths

Product portfolio

Mapping as per value chain

Key focus segments




Data is validated by triangulation

method, wherein secondary, primary

and PMR analysis contribute to the final



Data validation


Data is scrutinized using MS-Excel to

obtain qualitative and quantitative

insights about the industry

Data analysis

Primary Research#

Secondary Research #

Paid Publications#





Company websites

Company annual


White papers

Financial reports






PMR delivers industry insights and

information in the required format



# includes sources of databases

©2015 Future Market Insights, All Rights Reserved


Fmi releases new report on the furfural market 2016 2026

Furfural Market

Furfural comes from the Latin word furfur which mean bran. Furfural (C5H4O2) is a clear, colourless or a

little yellowish liquid. It is a natural precursor to furan-based chemicals. Furfural has potential to become

a major renewable chemical for the production of biochemical and biofuels. Few properties of furfural

include corrosive resistance, thermosetting properties and physical resistance, which have led to its

around 70% contribution to production of resin. Primarily, furfural is composed of agricultural byproducts

such as oat, bran, husks, sawdust and corncobs. Furfural manufacturing activity is based on pentosan

containing residues, obtained from the processing of various agricultural or forest products, since no

commercial synthetic process is discovered. Furfural market deals in B2B trade where furfural is widely

used in industries as a base material for synthesizing a family of derived solvents such as tetrahydrofuran,

furfuryl alcohol and in the production of resins for metal coatings and moulded plastic. In addition, it is

used in the manufacture of insecticides and in the food industry for flavouring purpose. Different raw

materials such as, corn cobs, rice husk, bagasse, cotton husk, oat husk, almond husk, almond husk, and

olive press cake are used to manufacture furfural.

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Global Furfural Market Segmentation:

On the basis of application global furfural market is segmented into furfuryl alcohol, solvents,

pharmaceuticals and chemical intermediates. Apart from this furfural market is used as flavors &

fragrance, herbicides and pesticides. Among all the applications, furfuryl alcohol holds highest market

share in the global furfural market.

©2015 Future Market Insights, All Rights Reserved


Fmi releases new report on the furfural market 2016 2026

Furfural Market

Geographically, furfural market is segmented into North America, Latin America, Western Europe, Eastern

Europe, Asia Pacific excluding Japan, Middle East & Africa, and Japan. The price of furfural varies region to

region owing to manufacturing process and raw material availability. In terms of volume, China is the

largest supplier of furfural worldwide. The other two major commercial producers are Dominican

Republic and the Republic of South Africa. Demand for furfural in Asia Pacific region is expected to grow

highest in the forecast years.

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Global Furfural Market Dynamics:

Globally, demand for furfural is anticipated to grow significantly owing to increasing demand for green

chemical. Other factors driving the demand for furfural includes environmental awareness to renewable

alternatives in order to replace fossil resources and increasing production in developing countries. Raw

materials such as agro products and wastes are widely available in developing countries such as India,

China, Indonesia and Malaysia with a low production cost. This is in turn expected to lead towards

efficient raw material procurement from these countries leading to increasing availability of furfural

across the globe. Demand for furfural in pharmaceutical industry is expected to witness significant

increase in the near future. However, inefficient technological advancement and lack of production

process framework, restrain the furfural market globally. Furfural being renewable in nature is anticipated

to witness increased adoption among various end use industries. Also, development of efficient and new

technologies is a key factor leading to create furfural product possibilities in chemical industry.

©2015 Future Market Insights, All Rights Reserved


Fmi releases new report on the furfural market 2016 2026

Furfural Market

Global Furfural Market Key Players:

Some of the key players in the furfural market are Hongye Holding Group Corporation Ltd., Arcoy

Biorefinery Pvt. Ltd., Corporation, Ltd., Central Romana, KRBL Ltd., Illovo Sugar Ltd., Lenzing AG, Penn A

Kem LLC, Tanin Sevnica d.d., Linzi Organic Chemicals Inc. Ltd., Tieling North Furfural (Group) Co., Ltd.,

Silvateam S.p.A., and Xingtai Chunlei Furfuryl Alcohol Co., Ltd.

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Fmi releases new report on the furfural market 2016 2026

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