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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Furfuryl Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global furfuryl alcohol market grew at a CAGR of around 3% during 2015-2020. Furfuryl alcohol (C5H6O2) refers to a colorless or pale-yellow organic compound which is majorly extracted from waste biomass such as corncobs, rice hulls, sugarcane bagasse, etc. It can be synthesized by the continuous vapor-phase hydrogenation of furfural or its catalytic reduction using nickel and copper chromium oxide. It is denser than water, turns amber to black in air and finds extensive application as a solvent in making dark corrosion-resistant resins. It can also be used along with other solvents for cleaning and paint-removing applications. Besides this, it is employed in the food and beverages (F&B) industry as a flavoring agent.

Furfuryl alcohol is employed in various end use industries across the globe. For instance, it is utilized as a filler in the manufacturing of paints, textiles and plastics, and a binding agent in paints and sand. It also finds application in the casting of steel and iron and the insulation of electrical components. Additionally, the increasing construction activities across the globe are contributing to the market growth. Furthermore, furfuryl alcohol is gaining traction in surface treatments of metals, hardening agents, corrosion inhibitors, polishing agents, rust inhibitors and water repellants. Apart from this, the rising extraction of resources, such as industrial and natural gas, is also bolstering the market growth. Moreover, the escalating demand for paper plates, cutlery and roasters, coupled with the growing usage of condiments and seasoning, is positively influencing the market. Besides this, as furfuryl alcohol derived from hydrolyzed biomass waste is a renewable material, the increasing environmental concerns are anticipated to drive the market further. Looking forward, IMARC Group expects the global furfuryl alcohol market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global furfuryl alcohol market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, application and end use industry.

Breakup by Application:

  • Resins
  • Solvent
  • Corrosion Inhibitors
  • Others
     

Breakup by End Use Industry:

  • Foundry
  • Agriculture
  • Paints and Coatings
  • Pharmaceuticals
  • Food and Beverages
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being DalinYebo, Furnova Polymers Ltd, Hebei Xingtai Chunlei Furfuryl Alcohol Co. Ltd., Hongye Holding Group Corporation Limited, Illovo Sugar Africa (PTY) Ltd (Associated British Foods plc (ABF)), NC Nature Chemicals Dr. Kruppa GmbH, Pennakem LLC, Shandong Crownchem Industries Co. Ltd., Silvateam S.p.a., TransFurans Chemicals bvba and Xian Welldon Trading Co. Ltd.

Key Questions Answered in This Report:

  • How has the global furfuryl alcohol market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global furfuryl alcohol market?
  • What are the key regional markets?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global furfuryl alcohol market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Furfuryl Alcohol Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Application
    6.1    Resins
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Solvent
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Corrosion Inhibitors
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by End Use Industry
    7.1    Foundry
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Agriculture
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Paints and Coatings
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Pharmaceuticals
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Food and Beverages
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
            8.1.1.1 Market Trends
            8.1.1.2 Market Forecast
        8.1.2 Canada
            8.1.2.1 Market Trends
            8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
            8.2.1.1 Market Trends
            8.2.1.2 Market Forecast
        8.2.2 Japan
            8.2.2.1 Market Trends
            8.2.2.2 Market Forecast
        8.2.3 India
            8.2.3.1 Market Trends
            8.2.3.2 Market Forecast
        8.2.4 South Korea
            8.2.4.1 Market Trends
            8.2.4.2 Market Forecast
        8.2.5 Australia
            8.2.5.1 Market Trends
            8.2.5.2 Market Forecast
        8.2.6 Indonesia
            8.2.6.1 Market Trends
            8.2.6.2 Market Forecast
        8.2.7 Others
            8.2.7.1 Market Trends
            8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
            8.3.1.1 Market Trends
            8.3.1.2 Market Forecast
        8.3.2 France
            8.3.2.1 Market Trends
            8.3.2.2 Market Forecast
        8.3.3 United Kingdom
            8.3.3.1 Market Trends
            8.3.3.2 Market Forecast
        8.3.4 Italy
            8.3.4.1 Market Trends
            8.3.4.2 Market Forecast
        8.3.5 Spain
            8.3.5.1 Market Trends
            8.3.5.2 Market Forecast
        8.3.6 Russia
            8.3.6.1 Market Trends
            8.3.6.2 Market Forecast
        8.3.7 Others
            8.3.7.1 Market Trends
            8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
            8.4.1.1 Market Trends
            8.4.1.2 Market Forecast
        8.4.2 Mexico
            8.4.2.1 Market Trends
            8.4.2.2 Market Forecast
        8.4.3 Others
            8.4.3.1 Market Trends
            8.4.3.2 Market Forecast
   8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1   DalinYebo
            13.3.1.1 Company Overview
            13.3.1.2 Product Portfolio
        13.3.2   Furnova Polymers Ltd
            13.3.2.1 Company Overview
            13.3.2.2 Product Portfolio
        13.3.3   Hebei Xingtai Chunlei Furfuryl Alcohol Co. Ltd.
            13.3.3.1 Company Overview
            13.3.3.2 Product Portfolio
        13.3.4   Hongye Holding Group Corporation Limited
            13.3.4.1 Company Overview
            13.3.4.2 Product Portfolio
        13.3.5   Illovo Sugar Africa (PTY) Ltd (Associated British Foods plc (ABF))
            13.3.5.1 Company Overview
            13.3.5.2 Product Portfolio
        13.3.6   NC Nature Chemicals Dr. Kruppa GmbH
            13.3.6.1 Company Overview
            13.3.6.2 Product Portfolio
        13.3.7   Pennakem LLC
            13.3.7.1 Company Overview
            13.3.7.2 Product Portfolio
        13.3.8   Shandong Crownchem Industries Co. Ltd.
            13.3.8.1 Company Overview
            13.3.8.2 Product Portfolio
        13.3.9   Silvateam S.p.a.
            13.3.9.1 Company Overview
            13.3.9.2 Product Portfolio
        13.3.10   TransFurans Chemicals bvba
            13.3.10.1 Company Overview
            13.3.10.2 Product Portfolio
        13.3.11   Xian Welldon Trading Co. Ltd
            13.3.11.1 Company Overview
            13.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Furfuryl Alcohol Market: Major Drivers and Challenges
Figure 2: Global: Furfuryl Alcohol Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Furfuryl Alcohol Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Furfuryl Alcohol Market: Breakup by Application (in %), 2020
Figure 5: Global: Furfuryl Alcohol Market: Breakup by End Use Industry (in %), 2020
Figure 6: Global: Furfuryl Alcohol Market: Breakup by Region (in %), 2020
Figure 7: Global: Furfuryl Alcohol (Resins) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Furfuryl Alcohol (Resins) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Furfuryl Alcohol (Solvent) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Furfuryl Alcohol (Solvent) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Furfuryl Alcohol (Corrosion Inhibitors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Furfuryl Alcohol (Corrosion Inhibitors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Furfuryl Alcohol (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Furfuryl Alcohol (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Furfuryl Alcohol (Foundry) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Furfuryl Alcohol (Foundry) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Furfuryl Alcohol (Agriculture) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Furfuryl Alcohol (Agriculture) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Furfuryl Alcohol (Paints and Coatings) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Furfuryl Alcohol (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Furfuryl Alcohol (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Furfuryl Alcohol (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Furfuryl Alcohol (Food and Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Furfuryl Alcohol (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Furfuryl Alcohol (Other End Use Industry) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Furfuryl Alcohol (Other End Use Industry) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: North America: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: North America: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: North America: Furfuryl Alcohol Market: Breakup by Country (in %), 2020
Figure 30: United States: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: United States: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Canada: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Canada: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Asia-Pacific: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Asia-Pacific: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Asia-Pacific: Furfuryl Alcohol Market: Breakup by Country (in %), 2020
Figure 37: China: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: China: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Japan: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Japan: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: India: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: India: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: South Korea: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: South Korea: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Australia: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Australia: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Indonesia: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Indonesia: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Others: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Others: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Europe: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Europe: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Europe: Furfuryl Alcohol Market: Breakup by Country (in %), 2020
Figure 54: Germany: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Germany: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: France: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: France: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: United Kingdom: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: United Kingdom: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Italy: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Italy: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Spain: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Spain: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Russia: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Russia: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Others: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Others: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Latin America: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Latin America: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Latin America: Furfuryl Alcohol Market: Breakup by Country (in %), 2020
Figure 71: Brazil: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Brazil: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Mexico: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Mexico: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Middle East and Africa: Furfuryl Alcohol Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Middle East and Africa: Furfuryl Alcohol Market: Breakup by Country (in %), 2020
Figure 79: Middle East and Africa: Furfuryl Alcohol Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Global: Furfuryl Alcohol Industry: SWOT Analysis
Figure 81: Global: Furfuryl Alcohol Industry: Value Chain Analysis
Figure 82: Global: Furfuryl Alcohol Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Furfuryl Alcohol Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Furfuryl Alcohol Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 3: Global: Furfuryl Alcohol Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 4: Global: Furfuryl Alcohol Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Furfuryl Alcohol Market: Competitive Structure
Table 6: Global: Furfuryl Alcohol Market: Key Players

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